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Commerzbank AG (ADR) (CRZBY)
:CRZBY
Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.63Last Year’s EPS
0.63Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 3.44%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance in 2024, with significant achievements in revenue growth, capital returns, and improved financial metrics. Despite challenges related to legal provisions in Poland and loan defaults, the bank is well-positioned for 2025 with measures in place to navigate economic uncertainties.Company Guidance
During the Commerzbank AG Fourth Quarter 2024 Conference Call, several key financial metrics and guidance were highlighted. The bank reported a strong financial performance with a net return on tangible equity of 9.2%, surpassing their target of at least 8%. They also returned €1.7 billion to shareholders, exceeding their planned capital return. Commerzbank achieved a cost/income ratio of 59%, bettering their target of 60%, driven by a 6.2% revenue growth and meeting cost expectations of €6.5 billion. The net result increased by 20%, reaching approximately €2.7 billion, despite a €1 billion pre-tax burden from legal provisions for FX mortgages in Poland. The bank's CET1 ratio was at 15.1%, providing a solid buffer above regulatory requirements. For 2025, Commerzbank slightly raised its net interest income guidance to €7.7 billion to €7.9 billion, maintaining a cost/income ratio target of 57%. They also anticipate a risk result of around €850 million and plan for a net result of €2.4 billion, or €2.8 billion excluding restructuring charges. The bank aims for a CET1 ratio of at least 14% following expected RWA growth.Strong Financial Outperformance
Commerzbank delivered a net return on tangible equity of 9.2%, exceeding the target of at least 8%. The bank also returned €1.7 billion to shareholders, more than planned.
Cost/Income Ratio Improvement
Achieved a cost/income ratio of 59%, better than the target of 60%, supported by strong revenue growth of 6.2% and meeting cost expectations of €6.5 billion.
Robust CET1 Ratio
The CET1 ratio stood at 15.1% at the end of 2024, providing a solid buffer above regulatory requirements.
Increase in Net Commission Income
Net commission income rose by 7% year-on-year, outperforming targets, with strong contributions from the securities business and asset management activities.
Significant Capital Return to Shareholders
Completed the first tranche of a share buyback program amounting to €600 million, with approval for a second tranche of up to €400 million, and proposed a dividend of €0.65 per share.
Positive Performance in Corporate Clients Segment
Corporate Clients segment increased revenues by 5%, with substantial growth in fee, lending, and rates businesses.
Strong Performance of mBank
mBank in Poland achieved growth rates of 10% in both NII and NCI, supported by good margin management and rising volumes.
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CRZBY 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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CRZBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $19.74 | $20.17 | +2.18% |
| Nov 06, 2024 | $18.09 | $17.29 | -4.42% |
| Aug 07, 2024 | $14.41 | $13.87 | -3.75% |
| May 15, 2024 | $15.51 | $16.35 | +5.42% |
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 Commerzbank AG (ADR) (CRZBY) report earnings?
Commerzbank AG (ADR) (CRZBY) is schdueled to report earning on May 09, 2025, TBA Not Confirmed.
What is Commerzbank AG (ADR) (CRZBY) earnings time?
Commerzbank AG (ADR) (CRZBY) earnings time is at May 09, 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 CRZBY EPS forecast?
CRZBY EPS forecast for the fiscal quarter 2025 (Q1) is 0.63.
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