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Banco del Bajio SA (BBAJF)
:BBAJF
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 18, 2018
|% Change Since: -5.04%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with substantial growth in digital transformation, consumer loans, and deposits despite some pressure from competitive funding costs and interest margin contraction. The bank's robust financial performance and strategic focus on digital services and loan portfolio diversification were highlighted, while competitive pressures and yield compression posed challenges.Company Guidance
During Banco del Bajío's Q1 2024 earnings call, the executives provided a comprehensive overview of the bank's financial performance and strategic direction. The bank reported a net income of MXN 2.8 billion, marking a 3.3% increase year-on-year, and a strong return on equity (ROE) of 25.9%. Revenues grew by 9% to MXN 6.4 billion, with a net interest margin (NIM) of 7%. The efficiency ratio remained steady at 34%, and the loan portfolio expanded by 8.7% to MXN 242 billion, with company loans growing by 11.2% and consumer loans by 41.5%. Total deposits rose by 13.4% to MXN 236 billion, and the asset quality was stable with a non-performing loan (NPL) ratio of 1.34%. The bank's digital transformation showed promising results, with digital clients increasing by 29% and mobile transactions growing by 68%. The preliminary capitalization ratio stood at 16.9%, and a dividend payout of 60% of 2023 earnings was approved, with distributions planned in May and September. The management expressed confidence in meeting their guidance for the year, anticipating continued growth in deposits and maintaining a strong focus on digital expansion and asset quality.Improved Financial Performance
Quarterly net income increased by 3.3% year-on-year to MXN 2.8 billion, with a strong ROE of 25.9%. Revenues grew by 9% year-over-year to MXN 6.4 billion.
Digital Transformation Success
Digital clients grew by 29% year-over-year, and transactions through mobile channels increased by 68%. 82% of transactions are now done through self-service channels.
Loan Portfolio Growth
Total loan portfolio reached MXN 242 billion, expanding by 8.7% year-over-year. Consumer loans grew by 41.5%, with a focus on cross-selling.
Deposits Increase
Total deposits grew by 13.4% year-over-year, reaching MXN 236 billion, outpacing loan growth.
Stable Asset Quality
NPL ratio stands at 1.34%, with a coverage ratio of 1.8x, exceeding industry standards.
Strong Capitalization and Dividend Announcement
Preliminary capitalization ratio at 16.9%. Dividend payout of 60% of 2023 earnings approved, translating to a yield of approximately 9%.
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BBAJF 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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BBAJF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $2.38 | $2.40 | +0.84% |
| Oct 23, 2024 | $2.25 | $2.24 | -0.44% |
| Jul 24, 2024 | $3.12 | $3.01 | -3.53% |
| Apr 24, 2024 | $3.59 | $3.64 | +1.39% |
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 Banco del Bajio SA (BBAJF) report earnings?
Banco del Bajio SA (BBAJF) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Banco del Bajio SA (BBAJF) earnings time?
Banco del Bajio SA (BBAJF) earnings time is at Jan 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 BBAJF EPS forecast?
Currently, no data Available
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