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Piraeus Bank (BPIRY)
OTHER OTC:BPIRY
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.24Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 2.98%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Piraeus Financial Holdings' strong financial performance in 2024, marked by significant earnings growth, loan book expansion, and improved asset quality. However, challenges remain with foreclosed assets and cost management. The overall outlook is positive, driven by strategic initiatives and a strong capital position.Company Guidance
During the Piraeus Financial Holdings conference call, CEO Christos Megalou provided robust guidance for the full year 2024 results and the business plan for 2025 to 2028. Piraeus achieved a reported earnings per share of €0.81 and a 36% year-on-year increase in reported earnings, reaching €1.1 billion, surpassing the initial €900 million budget. The company plans to distribute a €0.30 cash dividend per share, which represents a 6% yield based on the current market cap, and a total payout of 35% of 2024 profits. Piraeus expanded its performing loan book by €3.6 billion, achieving a 12% growth year-on-year, and reported a normalized return on average tangible book of 17.5% for the year. The NPE ratio decreased to 2.6%, with a cost of risk at 21 basis points excluding servicing fees. The CET1 ratio increased by 135 basis points to 14.7%, while the total capital ratio reached 19.9%. Looking forward, Piraeus projects a reported net profit of approximately €1.1 billion per year, with loans expanding by €12 billion by 2028. The company aims to return 40% of profits to shareholders from 2025 onwards, while its NPE ratio is expected to fall below 2% by the end of 2027. Additionally, the ECB deposit facility rate is projected to stabilize at 2% from the end of 2025, supporting the bank's growth plans.Record Earnings and Dividend Increase
Piraeus Financial Holdings reported earnings of €1.1 billion for 2024, up 36% year-on-year, surpassing their initial budget. They announced a €0.30 cash dividend per share, an increase from €0.06 per share last year.
Loan Book Expansion
The performance loan book expanded by €3.6 billion, or 12% year-on-year, reaching €33.7 billion, surpassing the initial target for 2024.
Asset Management Growth
Assets under management increased by 23% to €11.4 billion, primarily driven by mutual funds.
Improved Asset Quality
The NPE ratio decreased to 2.6%, with a stable cost of risk at 21 basis points, excluding servicing fees.
Strong Capital Ratios
CET1 ratio increased by 135 basis points to 14.7%, with a total capital ratio of 19.9% and an MREL ratio at 29.2%.
Digital and Strategic Initiatives
Successful rebranding and digital transformation projects, including the launch of a digital bank, Snappi, expected by mid-2025.
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BPIRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BPIRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $5.03 | $4.95 | -1.59% |
| Nov 01, 2024 | $3.73 | $3.83 | +2.68% |
| Jul 31, 2024 | $4.07 | $4.22 | +3.69% |
| Apr 30, 2024 | $4.12 | $3.98 | -3.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Piraeus Bank (BPIRY) report earnings?
Piraeus Bank (BPIRY) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Piraeus Bank (BPIRY) earnings time?
Piraeus Bank (BPIRY) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BPIRY EPS forecast?
BPIRY EPS forecast for the fiscal quarter 2025 (Q1) is 0.24.
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