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Erste Group Bank AG (EBKDY)
:EBKDY
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.83Last Year’s EPS
0.82Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 02, 2018
|% Change Since: 17.76%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record NII and asset management growth, alongside improvements in financial guidance. However, challenges remain in the Austrian market, particularly in the real estate sector and economic performance. Overall, the sentiment is cautiously optimistic with significant achievements but some regional challenges.Company Guidance
During the Q3 2024 earnings call for Erste Group, the management provided an optimistic update on their financial guidance. Key metrics included a record net interest income (NII) for the quarter, driving revenue growth alongside strong fee income, particularly in Central and Eastern Europe. The company upgraded its 2024 NII growth forecast to over 2%, with a cost growth guidance of about 5%, resulting in a projected cost-income ratio of approximately 48% or lower. Return on tangible equity (ROTE) is expected to exceed 16%, up from the previous guidance of 15%. The loan growth target for 2024 remains close to 5%, supported by improved demand in retail and corporate segments, particularly in the Czech Republic, although Austrian performance lagged. Risk costs were managed effectively, remaining below 20 basis points, and asset quality was maintained with a stable NPL ratio of 2.4%. The management expressed confidence in the operating environment, expecting moderate risk costs and continued growth in 2025.Record Net Interest Income (NII)
Achieved a record NII with growth across the board, particularly strong in Central and Eastern European operations. NII is expected to grow by more than 2% in 2024.
Strong Return on Tangible Equity
Return on tangible equity reached almost 20% in Q3 2024, with a year-to-date return of nearly 18%.
Asset Management Growth
Assets under management reached an all-time high of EUR 83.9 billion, driven by strong net sales, especially in the Czech Republic.
Improved Financial Guidance
Upgraded financial outlook for 2024, with expectations of a cost-income ratio of around 48% or less and return on tangible equity topping 16%.
Fee Income Growth
Fee income increased by almost 11% year-on-year, driven by higher transaction volumes and increased card revenues.
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EBKDY 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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EBKDY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $26.52 | $28.09 | +5.92% |
| Aug 02, 2024 | $25.04 | $24.29 | -3.00% |
| Apr 30, 2024 | $22.23 | $22.15 | -0.36% |
| Feb 29, 2024 | $19.77 | $18.86 | -4.60% |
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 Erste Group Bank AG (EBKDY) report earnings?
Erste Group Bank AG (EBKDY) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is Erste Group Bank AG (EBKDY) earnings time?
Erste Group Bank AG (EBKDY) earnings time is at Feb 28, 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 EBKDY EPS forecast?
EBKDY EPS forecast for the fiscal quarter 2024 (Q4) is 0.83.
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