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Alpha Bank AE (ALBKF)
OTHER OTC:ALBKF
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.06Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 29, 2018
|% Change Since: 15.79%
|Next Earnings Date:Aug 30, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with strong earnings, investment-grade status achievement, and asset management growth. However, challenges such as lower-than-market loan growth and increased operating expenses are noted.Company Guidance
During the Q2 2024 earnings call for Alpha Services and Holdings, several key financial metrics and updates were shared. The company reported recurring earnings of EUR 437 million for the first half of the year, translating to a 13.6% return on tangible equity and EUR 0.18 earnings per share. The capital buffers increased with 118 basis points of organic capital generation, reporting a level of 14.8% in Q2 or 16.6% when pending transactions are considered. Loan growth in wholesale was 6% year-on-year, driven by a strong pipeline exceeding EUR 5 billion. Asset management performance was notable, with mutual funds increasing by 50% over the last year, expanding the market share to 25%. The company also highlighted a strategic partnership with UniCredit, aiming to enhance product offerings and profitability. Guidance for 2024 was updated, expecting net interest income to be marginally down and fees to exceed EUR 400 million. The cost of risk is anticipated to be below 70 basis points, and the NPE ratio is projected to end the year at approximately 4.5%.Strong Recurring Earnings and Return on Tangible Equity
Delivered recurring earnings of EUR 437 million in the first half of the year, translating to a 13.6% return on tangible equity.
Investment-Grade Status Achieved
Achieved investment-grade status for the first time in 14 years, marking a significant milestone for the organization.
Growth in Asset Management
Mutual funds increased by 50% in the last year, tripling since the end of 2020, with market share reaching 25%.
Successful Partnership with UniCredit
Operationalization of the agreement with UniCredit is progressing, including the merger of Romanian subsidiaries and the offering of UniCredit mutual funds in Greece.
Improved Capital Buffers
Organic capital generation of 118 basis points, with CET1 ratio reaching 14.8% and pro forma at 16.6%.
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ALBKF 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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ALBKF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $1.52 | $1.62 | +6.58% |
| Aug 02, 2024 | $1.81 | $1.76 | -2.76% |
| May 16, 2024 | $1.76 | $1.77 | +0.57% |
| Mar 07, 2024 | $1.90 | $1.88 | -1.05% |
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 Alpha Bank AE (ALBKF) report earnings?
Alpha Bank AE (ALBKF) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is Alpha Bank AE (ALBKF) earnings time?
Alpha Bank AE (ALBKF) 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 ALBKF EPS forecast?
ALBKF EPS forecast for the fiscal quarter 2024 (Q4) is 0.08.
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