Metro Bank Holdings First Half 2024 Earnings: UK￡0.049 loss per share (vs UK￡0.074 profit in 1H 2023)

[email protected] (Simply Wall St)
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In This Article:

Metro Bank Holdings (LON:MTRO) First Half 2024 Results

Key Financial Results

  • Revenue: UK￡229.9m (down 16% from 1H 2023).

  • Net loss: UK￡33.1m (down by 361% from UK￡12.7m profit in 1H 2023).

  • UK￡0.049 loss per share (down from UK￡0.074 profit in 1H 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Metro Bank Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in the United Kingdom.

Performance of the British Banks industry.

The company's shares are up 39% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Metro Bank Holdings (1 makes us a bit uncomfortable!) that you need to be mindful of.

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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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