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OCBC (SG:O39)
SGX:O39
Holding SG:O39?
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.41Last Year’s EPS
0.36Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 7.81%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted OCBC's strong financial performance, with record net profit and income driven by wealth management and noninterest income growth. However, challenges such as flat net interest income and increased operating expenses were noted. Overall, the positive aspects outweigh the negatives, indicating robust business health and strategic growth initiatives.Company Guidance
In the third quarter of 2024, OCBC reported a net profit of SGD 1.97 billion, marking a 9% increase year-on-year and a 2% rise quarter-on-quarter, driven by a record total income of SGD 3.8 billion. The bank's net interest income remained stable at SGD 2.43 billion, while noninterest income surged 41% year-on-year to SGD 1.37 billion. The cost-to-income ratio improved to 38.5%, reflecting positive operating jaws. Loan growth was robust, with an expansion of 12% year-on-year on a constant currency basis, and the NPL ratio remained low at 0.9%. The bank's CET1 ratio was 17.2% on a transitional basis and 15.6% on a fully phased-in basis. Wealth management income grew 15% year-on-year to SGD 1.29 billion, with assets under management reaching a record SGD 284 million. The bank highlighted its strategic focus on maintaining a strong capital position, pursuing growth opportunities, and increasing shareholder returns. Looking forward, OCBC expects the full-year NIM to be around 2.2%, with noninterest income projected to grow in double digits, counterbalancing potential declines in NII. The bank remains confident in its ability to navigate uncertainties and capitalize on growth prospects in the ASEAN region.Record Net Profit and Income
OCBC reported a net profit of SGD 1.97 billion for Q3 2024, up 9% year-on-year, with total income reaching a record SGD 3.8 billion.
Strong Wealth Management Performance
Group wealth management income grew 15% year-on-year to SGD 1.29 billion, contributing to a third of the group's total income. Assets under management reached a record SGD 284 million.
Improved Cost-to-Income Ratio
The cost-to-income ratio improved to 38.5% year-on-year, driven by positive operating jaws.
Record Noninterest Income Growth
Noninterest income surged 41% year-on-year, driven by higher fee, trading, and insurance income.
Healthy Loan Growth and Portfolio Quality
Loan portfolio expanded by 12% year-on-year, with a stable NPL ratio at 0.9%.
Sustainable Financing Growth
Sustainable financing loan volume expanded 31% year-on-year to SGD 47 billion, making up 15% of group loans.
Strong Capital Position
CET1 ratio increased to 17.2% on a transitional basis, with a fully phased-in CET1 ratio of 15.6%.
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SG:O39 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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SG:O39 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | S$15.88 | S$16.06 | +1.13% |
| Aug 01, 2024 | S$14.36 | S$14.34 | -0.13% |
| May 09, 2024 | S$13.48 | S$13.68 | +1.51% |
| Feb 27, 2024 | S$12.52 | S$12.24 | -2.25% |
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 OCBC (SG:O39) report earnings?
OCBC (SG:O39) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is OCBC (SG:O39) earnings time?
OCBC (SG:O39) earnings time is at Feb 26, 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 the P/E ratio of OCBC stock?
The P/E ratio of OCBC is N/A.
What is SG:O39 EPS forecast?
SG:O39 EPS forecast for the fiscal quarter 2024 (Q4) is 0.41.
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