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Public Bank Berhad Third Quarter 2022 Earnings: Revenues Beat Expectations

Public Bank Berhad (KLSE:PBBANK) Third Quarter 2022 Results

Key Financial Results

  • Net income: RM1.59b (up 17% from 3Q 2021).

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

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

Public Bank Berhad Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.6%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in Malaysia.

Performance of the Malaysian Banks industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Public Bank Berhad (at least 1 which is potentially serious), and understanding these should be part of your investment process.

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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