Standard Bank Group Full Year 2023 Earnings: EPS: R26.67 (vs R21.11 in FY 2022)
Standard Bank Group (JSE:SBK) Full Year 2023 Results
Key Financial Results
Revenue: R161.4b (up 11% from FY 2022).
Net income: R46.0b (up 33% from FY 2022).
Profit margin: 28% (up from 24% in FY 2022). The increase in margin was driven by higher revenue.
EPS: R26.67 (up from R21.11 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Standard Bank Group Earnings Insights
Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Banks industry in Africa.
Performance of the market in South Africa.
The company's shares are down 7.0% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Standard Bank Group that you need to be mindful of.
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