Sweden's Enity Holding Q2 profit rises as net interest income grows
Sweden's Enity Holding Q2 profit rises as net interest income grows
Overview
Nordic mortgage lender's Q2 net interest income rose 10% yr/yr, lending grew 8%
Profit for the period increased 52% yr/yr, operating profit up 42%
Return on tangible equity improved to 21% LTM, CET1 ratio at 13.9%
Outlook
Company did not provide specific guidance or outlook for the current or future periods
Result Drivers
NET INTEREST INCOME - Co said Q2 net interest income rose 10% yr/yr, supported by 8% lending growth and stable net interest margin
NET COMMISSION INCOME - Co reported net commission income rose sharply yr/yr
CREDIT QUALITY - Co said credit loss ratio remained stable at 0.27% LTM
Company press release: ID:nMFN5RrzlK
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Interest Margin (%) |
| 4.20% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer lending peer group is "buy"
Wall Street's median 12-month price target for Enity Holding AB (publ) is SEK102.50, about 45.8% above its July 23 closing price of SEK70.30
Reuters Recommended Reads
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)