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Metro Bank Full Year 2022 Earnings: Beats Expectations

Metro Bank (LON:MTRO) Full Year 2022 Results

Key Financial Results

  • Revenue: UK£483.6m (up 23% from FY 2021).

  • Net loss: UK£72.7m (loss narrowed by 71% from FY 2021).

  • UK£0.42 loss per share (improved from UK£1.44 loss in FY 2021).

MTRO Banking Performance Indicators

  • Net interest margin (NIM): 1.92% (up from 1.40% in FY 2021).

  • Cost-to-income ratio: 102.0% (down from 137.0% in FY 2021).

  • Non-performing loans: 2.65% (down from 3.71% in FY 2021).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Metro Bank Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%.

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Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Banks industry in the United Kingdom.

Performance of the British Banks industry.

The company's shares are down 5.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Metro Bank's balance sheet and an in-depth analysis of the company's financial position.

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.

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