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CaixaBank (CAIXY)
:CAIXY
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.05Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 13.17%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally strong performance with significant growth in customer funds, net income, and asset quality. However, challenges such as decreased NII, pressure on fees, and the banking tax impact present areas of concern. Overall, the positive aspects, especially in growth and profitability, outweigh the lowlights.Company Guidance
During the fourth quarter and full year 2024 results presentation, CaixaBank provided several key metrics reflecting strong performance and strategic guidance for 2025. The bank reported a 20% increase in net income, with a return on tangible equity of 18% and a cost-to-income ratio below 40%. Customer funds grew by 11.7%, despite a 7% decline in deposits, while performing loans increased by 2.2%, driven by a 27% surge in new lending, particularly in residential mortgages. The net interest income (NII) rose close to 10%, and service revenues grew by 4.6%, both exceeding expectations. Capital remained robust, with a CET1 ratio above 12% after announcing a sixth share buyback program of €500 million. The dividend payout ratio was 53.5%, aligning with their €12 billion capital target over three years. Looking ahead, CaixaBank forecasted NII to decline by mid-single digits in 2025, while service revenues are expected to increase by low to mid-single digits, with a cost of risk under 30 basis points and return on tangible equity around 16%. The bank's strategic focus remains on organic growth within Spain and Portugal, with a capital management target between 11.5% and 12.25% CET1, and potential for further capital distributions aligned with this threshold.Strong Customer Funds and Loan Growth
Customer funds increased by 11.7%, with a particular 8.7% rise in deposits and wealth management. Performing loans grew by 2.2%, with new lending revenues close to 10% on NII and 4.6% from services.
Solid Net Income and Profitability
Net income increased by 20%, return on tangible equity reached 18%, and the cost to income ratio was below 40%.
Economic Resilience in Spain
Spanish economy showed strong growth at 3.2% in 2024, exceeding expectations of 2.8%, with positive indicators in investment recovery and employment.
Asset Quality and Liquidity
NPL ratio remained low at 2.61%, and the liquidity coverage ratio was strong at 207%, highlighting a robust financial position.
Successful Wealth Management and Insurance
Wealth management market share stood at 29.5%, with significant inflows and positive market impact. Protection insurance grew by 11.7%.
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CAIXY 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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CAIXY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $2.05 | $2.03 | -0.98% |
| Oct 31, 2024 | $1.96 | $1.99 | +1.53% |
| Jul 31, 2024 | $1.92 | $1.91 | -0.52% |
| Apr 30, 2024 | $1.80 | $1.74 | -3.33% |
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 CaixaBank (CAIXY) report earnings?
CaixaBank (CAIXY) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is CaixaBank (CAIXY) earnings time?
CaixaBank (CAIXY) earnings time is at Apr 30, 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 CAIXY EPS forecast?
Currently, no data Available
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