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CaixaBank SA (CAIXY)
OTHER OTC:CAIXY
Holding CAIXY?
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
$0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -9.51%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance with significant growth in customer funds and capital generation, despite challenges in competitive lending markets and potential tax extensions. The bank's strategic initiatives in Spain and Portugal are yielding positive results, although external challenges like the flooding in Valencia and banking tax proposals pose risks.Company Guidance
In the third quarter of 2024, CaixaBank demonstrated strong operational performance, highlighted by a 20% increase in new lending, despite a low growth environment. The bank saw a 9% rise in off-balance sheet wealth management balances and a 5.5% increase in on-balance sheet deposits over nine months. Revenue growth was driven by net interest income (NII), which stabilized quarter-on-quarter, and a cost-to-income ratio below 40%. The bank achieved a net profit of EUR 1.57 billion, marking a 3% increase. Capital generation remained robust, with an announced interim dividend at the top range and approval for a fifth share buyback. CaixaBank's business volume rose by 4.5%, and it gained 200,000 clients in the past year. The bank's loan book showed a 5.9% year-to-date growth in consumer lending, and mortgage balances began to grow after two consecutive quarters of positive stock growth. Additionally, the bank's return on tangible equity reached 16.9%, and it generated 171 basis points of capital year-to-date, maintaining a CET1 ratio of 12.24%.Strong Operating Momentum
Customer funds and new lending increased by 20%, with off-balance sheet wealth management up by 9% and on-balance sheet deposits up by 5.5% in just nine months.
Stable Net Interest Income
Net interest income (NII) managed to stabilize quarter-on-quarter, avoiding negative growth, and is projected to exceed EUR 11 billion for fiscal year 2024.
Solid Capital Generation
Significant capital generation with a CET1 ratio at 12.24%, allowing for a fifth share buyback of EUR 500 million and an interim dividend payment.
Positive Economic Outlook
The Spanish economy is projected to grow by 2.8% this year, with potential upside towards 3%, while Europe grows below 1%.
Strong Performance in Portugal
BPI achieved a return on tangible equity of 20% and a cost income ratio below 40%, reflecting impressive performance and market share growth.
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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 |
|---|---|---|---|
| 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% |
| Feb 02, 2024 | $1.31 | $1.30 | -0.76% |
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 SA (CAIXY) report earnings?
CaixaBank SA (CAIXY) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is CaixaBank SA (CAIXY) earnings time?
CaixaBank SA (CAIXY) earnings time is at Jan 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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