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ABN AMRO Bank (AAVMY)
OTHER OTC:AAVMY
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.68Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2019
|% Change Since: 5.79%
|Next Earnings Date:Aug 07, 2019
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance and strategic execution with significant profit and revenue growth, especially in the mortgage and fee segments. However, concerns about rising costs, delays in share buyback decisions, and a cautious economic outlook were noted. The highlights outweigh the lowlights, indicating a positive overall sentiment.Company Guidance
During the ABN AMRO Q3 2024 earnings call, the company reported a robust profit of EUR 690 million, attributing this success to increased net interest income, higher fee income, and net impairment releases. Despite anticipated cost increases due to a new collective labor agreement and additional hiring, ABN AMRO's Basel III CET1 ratio improved to 14.1%, with Basel IV CET1 remaining around 14%. The mortgage market demonstrated a strong performance, with the bank's production rising by 50%, contributing to a $1.6 billion increase in the mortgage portfolio. For the full year, net interest income is projected to exceed EUR 6.4 billion, despite potential rate sensitivity. The bank maintained its cost guidance at EUR 5.3 billion, anticipating a gradual normalization of impairments. However, the decision to postpone the assessment of a potential share buyback to Q2 2025 was made due to complexities with Basel IV implementation and data remediation efforts.Strong Profit Growth
ABN AMRO reported a profit of EUR 690 million, driven by higher net interest income, higher fee income, and net impairment releases.
Mortgage Market Strength
The Dutch mortgage market rebounded strongly with applications up by 25%, and ABN AMRO's mortgage production rose by 50% compared to last year.
Fee Income Exceeds Expectations
Year-to-date fees increased by 6%, surpassing the growth ambition of 3% to 5%.
Capital Ratio Improvement
Basel III CET1 ratio increased to 14.1% and remains well above the requirement of 11.2%.
Innovative Solutions in Sustainability and Security
Introduced a private financing solution for biomethane plants and a 'Call Check' feature to enhance client security.
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AAVMY 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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AAVMY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $16.07 | $15.85 | -1.37% |
| Aug 07, 2024 | $15.31 | $16.16 | +5.55% |
| May 15, 2024 | $17.52 | $16.49 | -5.88% |
| Feb 14, 2024 | $13.33 | $14.22 | +6.68% |
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 ABN AMRO Bank (AAVMY) report earnings?
ABN AMRO Bank (AAVMY) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is ABN AMRO Bank (AAVMY) earnings time?
ABN AMRO Bank (AAVMY) earnings time is at Feb 12, 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 AAVMY EPS forecast?
Currently, no data Available
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