Arbuthnot Banking Group (LON:ARBB) Full Year 2023 Results
Key Financial Results
-
Revenue: UK£178.2m (up 38% from FY 2022).
-
Net income: UK£35.4m (up 115% from FY 2022).
-
Profit margin: 20% (up from 13% in FY 2022). The increase in margin was driven by higher revenue.
-
EPS: UK£2.23 (up from UK£1.10 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arbuthnot Banking Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 1.7%.
Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Banks industry in the United Kingdom.
Performance of the British Banks industry.
The company’s shares are up 1.4% from a week ago.
Risk Analysis
It’s necessary to consider the ever-present spectre of investment risk. We’ve identified 3 warning signs with Arbuthnot Banking Group (at least 1 which makes us a bit uncomfortable), and understanding these should be part of your investment process.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
