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Bank of China (BACHY)
:BACHY
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.69Last Year’s EPS
0.62Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 26, 2025
|% Change Since: -0.07%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The Bank of China showed strong financial performance in 2024 with significant growth in assets, liabilities, and global business contributions. The bank's focus on technology and green finance also highlights its strategic innovations. However, challenges persist in the real estate sector and personal loans, exacerbated by global economic uncertainties. Despite these issues, the overall financial health and strategic developments paint a positive outlook.Company Guidance
During the Bank of China's 2024 Annual Results Release Conference, the management provided comprehensive guidance on various financial metrics. The bank reported total assets exceeding RMB35 trillion and liabilities reaching RMB32 trillion, marking increases of 8.11% and 8.20% respectively. Operating income was approximately RMB632.8 billion, up by 1.38% year-on-year, while after-tax profit grew by 2.58% to about RMB252.7 billion. Key performance ratios included a net interest margin (NIM) of 1.4%, return on assets (ROA) of 0.75%, and return on equity (ROE) of 9.5%. The cost-to-income ratio was maintained at 28.77%. Asset quality remained stable with a non-performing loan (NPL) rate of 1.25% and a provision coverage ratio rising to 200.6%. The capital adequacy ratio stood at 18.76%. The bank also highlighted a significant rise in A share and H share prices by 55.24% and 42.97%, respectively. Looking ahead to 2025, the Bank of China aims to continue supporting the real economy, enhance its global presence, and improve risk management while focusing on key areas such as AI, green finance, and digital transformation.Growth in Total Assets and Liabilities
Total assets exceeded RMB35 trillion, and total liabilities reached RMB32 trillion, with increases of 8.11% and 8.20% respectively from the previous year.
Increase in Operating Income and Profit
Operating income rose to RMB632.8 billion, a year-on-year growth of 1.38%. After-tax profit increased by 2.58% to RMB252.7 billion.
Strong Performance in Technology and Green Finance
Provided RMB1.91 trillion in credit to technology-based enterprises, and domestic green credit balance grew by 31.03%.
Significant Increase in Global Business Contribution
Pre-tax profit of foreign commercial banks increased by 40.75% year-on-year, contributing 26.78% to the group, up by 4.08%.
Dividend Implementation and Share Price Increase
For the first time, the bank implemented an interim dividend. Share prices of A and H shares rose by 55.24% and 42.97% respectively.
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BACHY 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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BACHY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 26, 2025 | $14.86 | $14.85 | -0.07% |
| Oct 30, 2024 | $11.80 | $11.58 | -1.86% |
| Aug 30, 2024 | $11.05 | $11.04 | -0.09% |
| Apr 29, 2024 | $10.08 | $10.58 | +4.96% |
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 Bank of China (BACHY) report earnings?
Bank of China (BACHY) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Bank of China (BACHY) earnings time?
Bank of China (BACHY) earnings time is at Apr 29, 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 BACHY EPS forecast?
BACHY EPS forecast for the fiscal quarter 2025 (Q1) is 0.69.
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