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Swedbank AB (SWDBY)
:SWDBY
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.59Last Year’s EPS
0.71Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 5.89%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant growth in the Baltic markets and improvements in cost management and capital strength. However, there were challenges noted in the Swedish corporate lending sector and a decrease in deposits. The sentiment is positive with a strong emphasis on future growth potential and sustainability initiatives.Company Guidance
During the third-quarter earnings call for Swedbank in 2024, the executives highlighted several key metrics reflecting a robust financial performance. The bank reported a 9% increase in quarterly results, amounting to SEK 9.4 billion. Net interest income remained stable, despite lower lending rates, counterbalanced by reduced funding costs. Net commission income rose by 3%, driven by asset management and card business. The bank's cost-to-income ratio stood at a low 0.31, demonstrating effective cost control, aided by a temporary hiring freeze and reduced consultancy expenses. Swedbank achieved a return on equity of 18.4% and earnings per share of SEK 8.30. Credit impairments were reported at SEK 270 million, and the bank maintained a strong CET1 capital ratio of 20.4% with a buffer of 5.2 percentage points. Looking ahead, Swedbank aims to sustain a return on equity of at least 15%, aligning with its Swedbank 15/25 plan, while continuing to invest in areas such as fraud prevention, payment systems, and customer accessibility.Strong Financial Performance
The result for the third quarter increased by 9% to SEK 9.4 billion. Return on equity was 18.4%, and earnings per share were SEK 8.30.
Improved Cost Management
Costs decreased according to plan with a cost-to-income ratio of 0.31. A temporary hiring freeze and lower consulting costs contributed to this improvement.
Capital and Liquidity Strength
Swedbank has a strong capital position with a buffer of 5.2 percentage points and a CET1 capital ratio of 20.4%.
Positive Rating Outlook
Standard & Poor's raised their outlook on Swedbank to positive, reflecting strong anti-money laundering efforts.
Baltic Market Growth
Lending increased in Estonia, Latvia, and Lithuania, with corporate lending growing by SEK 6 billion in the Baltics.
Sustainability Initiatives
One-third of bonds arranged were sustainability bonds, and Swedbank issued its first green covered bond.
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SWDBY 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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SWDBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $19.70 | $20.55 | +4.31% |
| Jul 16, 2024 | $20.47 | $20.13 | -1.66% |
| Apr 25, 2024 | $19.10 | $19.24 | +0.73% |
| Jan 24, 2024 | $18.22 | $18.50 | +1.54% |
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 Swedbank AB (SWDBY) report earnings?
Swedbank AB (SWDBY) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Swedbank AB (SWDBY) earnings time?
Swedbank AB (SWDBY) earnings time is at Jan 23, 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 SWDBY EPS forecast?
SWDBY EPS forecast for the fiscal quarter 2024 (Q4) is 0.59.
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