ANDC (Andover Bancorp) Net Margin % : 19.75% (As of Dec. 2023)

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What is Andover Bancorp Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Andover Bancorp's Net Income for the six months ended in Dec. 2023 was $1.80 Mil. Andover Bancorp's Revenue for the six months ended in Dec. 2023 was $9.12 Mil. Therefore, Andover Bancorp's net margin for the quarter that ended in Dec. 2023 was 19.75%.

The historical rank and industry rank for Andover Bancorp's Net Margin % or its related term are showing as below:

ANDC' s Net Margin % Range Over the Past 10 Years
Min: 20.74 Med: 26.43 Max: 30.11
Current: 20.75

ANDC's Net Margin % is ranked worse than
62.6% of 1540 companies
in the Banks industry
Industry Median: 24.935 vs ANDC: 20.75

Andover Bancorp Net Margin % Historical Data

The historical data trend for Andover Bancorp's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Andover Bancorp Net Margin % Chart

Andover Bancorp Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

24.41

26.59

30.11

26.43

20.74

Andover Bancorp Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Net Margin %	Get a 7-Day Free Trial				27.65	27.70	25.25	21.74	19.75

Competitive Comparison of Andover Bancorp's Net Margin %

For the Banks - Regional subindustry, Andover Bancorp's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Andover Bancorp's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Andover Bancorp's Net Margin % distribution charts can be found below:

* The bar in red indicates where Andover Bancorp's Net Margin % falls into.

Andover Bancorp Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Andover Bancorp's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	3.778	/	18.212
	=	20.74 %

Andover Bancorp's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.801	/	9.117
	=	19.75 %

Andover Bancorp (OTCPK:ANDC) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Andover Bancorp Net Margin % Related Terms

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Andover Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Andover Bancorp Inc (OTCPK:ANDC) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 East Main Street, PO Box 1300, Andover, OH, USA, 44003

Website

https://www.andover.bank

Andover Bancorp Inc is a United States-based holding company for Andover bank. The bank is a locally owned and independent community bank. It provides banking services to personal and business customers. The bank provides a full range of banking products including; consumer, mortgage, and commercial loans; checking, savings, and others. The majority of the company's revenue is generated from retail lending activities.