Credit Agricole SA ( (CRARY) ) has released its Q1 earnings. Here is a breakdown of the information Credit Agricole SA presented to its investors.
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Crédit Agricole S.A. is a leading French banking group that operates in various sectors including retail banking, asset management, insurance, and corporate and investment banking, with a strong focus on supporting societal and environmental transitions.
In the first quarter of 2025, Crédit Agricole S.A. reported record revenues despite facing a significant corporate tax charge. The company’s performance was driven by strong growth in asset gathering and large customer divisions, alongside a stable cost of risk and high profitability.
Key financial metrics showed a 6.6% increase in revenues to €7,256 million, while operating expenses rose by 8.8%. The cost of risk was contained at €413 million, and the net income group share slightly decreased by 4.2% to €1,824 million due to the tax impact. Strategic moves included the creation of joint ventures and partnerships, as well as an increased stake in Banco BPM.
Looking ahead, Crédit Agricole S.A. remains committed to its strategic goals, including supporting the energy transition and maintaining robust financial health, as reflected in its strong solvency ratios. The company continues to focus on sustainable growth and innovation across its business lines.