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Erste Group Bank (EBKOF)
OTHER OTC:EBKOF
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.63Last Year’s EPS
1.57Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 02, 2018
|% Change Since: 22.02%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance in Q3, with record revenue growth and profitability metrics. The company improved its financial guidance for 2024, indicating confidence in ongoing performance. However, challenges remain in the Austrian economy and NPL ratios, which could impact future results.Company Guidance
During the third quarter 2024 earnings call, Erste Group provided an optimistic financial guidance for the year, driven by strong performance in key metrics. Revenues saw significant growth, with net interest income (NII) rising by more than 2% year-on-year, and fee income increasing by approximately 10%. The group's cost-income ratio is expected to improve, coming in at around 48% or lower, while return on tangible equity is projected to surpass 16%, up from the previously guided 15%. Despite elevated risk costs in Austria, particularly in the real estate sector, overall asset quality remained robust, reflected in a stable non-performing loan (NPL) ratio of 2.4%. The bank anticipates moderate risk costs, staying well within the guidance of less than 20 basis points for the year. Looking ahead, Erste Group is optimistic about maintaining strong financial performance into 2025, driven by stable NII, fee growth, and controlled operating expenses.Outstanding Financial Performance
Revenues grew across the board with record net interest income (NII) and fee print. Return on tangible equity hit almost 20% without any material one-offs. Year-to-date net profit surpassed EUR 2.5 billion, equivalent to a return of tangible equity of almost 18%.
Improved Financial Guidance for 2024
NII outlook upgraded to grow by more than 2%. Cost income ratio expected to be about 48% or less, and return on tangible equity now expected to top 16%.
Strong Asset Management Performance
Assets under management reached an all-time high of EUR 83.9 billion, supported by strong net sales in the Czech Republic.
Stable Loan and Deposit Growth
Loan-to-deposit ratio remained in the 85% to 90% range, reflecting balanced loan and deposit growth. Customer deposits remained strong.
Positive Risk Management
Risk costs came in at 16 basis points for Q3, comfortably inside the full year guidance of less than 20 basis points.
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EBKOF 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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EBKOF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $51.09 | $54.31 | +6.30% |
| Aug 02, 2024 | $50.20 | $48.39 | -3.61% |
| Apr 30, 2024 | $47.03 | $47.27 | +0.51% |
| Feb 29, 2024 | $41.83 | $39.53 | -5.50% |
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 Erste Group Bank (EBKOF) report earnings?
Erste Group Bank (EBKOF) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is Erste Group Bank (EBKOF) earnings time?
Erste Group Bank (EBKOF) earnings time is at Feb 28, 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 EBKOF EPS forecast?
EBKOF EPS forecast for the fiscal quarter 2024 (Q4) is 1.63.
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