Yahoo Finance Bank of Queensland Full Year 2023 Earnings: Revenues Miss Expectations
Bank of Queensland (ASX:BOQ) Full Year 2023 Results
Key Financial Results
Revenue: AU$1.67b (flat on FY 2022).
Net income: AU$450.0m (up 6.4% from FY 2022).
Profit margin: 27% (up from 26% in FY 2022).
BOQ Banking Performance Indicators
Net interest margin (NIM): 1.69% (down from 1.74% in FY 2022).
Cost-to-income ratio: 58.0% (up from 55.7% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bank of Queensland Revenues Disappoint
Revenue missed analyst estimates by 2.0%.
Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Banks industry in Australia.
Performance of the Australian Banks industry.
The company's shares are down 4.4% from a week ago.
Risk Analysis
Be aware that Bank of Queensland is showing 1 warning sign in our investment analysis that you should know about...
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