Paragon Banking Group Full Year 2022 Earnings: Beats Expectations




  • In Business
  • 2022-12-09 05:22:40Z
  • By Simply Wall St.
 

Paragon Banking Group (LON:PAG) Full Year 2022 Results

Key Financial Results

  • Revenue: UK£400.2m (up 15% from FY 2021).

  • Net income: UK£313.6m (up 91% from FY 2021).

  • Profit margin: 78% (up from 47% in FY 2021). The increase in margin was primarily driven by lower expenses.

  • EPS: UK£1.29 (up from UK£0.65 in FY 2021).

PAG Banking Performance Indicators

  • Cost-to-income ratio: 38.9% (down from 41.7% in FY 2021).

  • Non-performing loans: 0.88% (down from 1.22% in FY 2021).

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

Paragon Banking Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 62%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Mortgage industry in Europe.

Performance of the market in the United Kingdom.

The company's shares are up 10% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Paragon Banking Group has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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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