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

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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