Yahoo Finance Banque Cantonale Vaudoise Reports Full Year 2023 Earnings
Banque Cantonale Vaudoise (VTX:BCVN) Full Year 2023 Results
Key Financial Results
Revenue: CHF1.16b (up 12% from FY 2022).
Net income: CHF469.2m (up 21% from FY 2022).
Profit margin: 40% (up from 37% in FY 2022). The increase in margin was driven by higher revenue.
BCVN Banking Performance Indicators
Net interest margin (NIM): 1.01% (up from 0.79% in FY 2022).
Cost-to-income ratio: 53.2% (down from 56.6% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Banque Cantonale Vaudoise Earnings Insights
Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Switzerland.
Performance of the Swiss Banks industry.
The company's shares are down 4.0% 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've done some analysis and you can see our take on Banque Cantonale Vaudoise's balance sheet.
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