LINKBANCORP (NASDAQ:LNKB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$26.3m (up 178% from 2Q 2023).

• Net income: US$5.80m (up 331% from 2Q 2023).

• Profit margin: 22% (up from 14% in 2Q 2023).

• EPS: US$0.16 (up from US$0.083 in 2Q 2023).

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

LINKBANCORP Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for LINKBANCORP (1 is potentially serious!) that you need to take into consideration.

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