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Icici Bank Limited (IBN)
NYSE:IBN
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Earnings Data
Report Date
Jan 20, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.37Last Year’s EPS
$0.35Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2024
|% Change Since: 2.78%
|Next Earnings Date:Jan 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects strong growth in profits, deposits, and domestic loan portfolios. However, challenges such as declining net interest margins and increased write-offs on NPAs are evident. The bank's focus on digital transactions and improved asset quality are positive signs, but some areas like retail NPA additions and overseas loan portfolio decline pose challenges.Company Guidance
During the ICICI Bank Q2 FY2025 earnings call, the bank reported a profit before tax, excluding treasury, of INR 148.10 billion, marking a year-on-year increase of 7.9% and a quarter-on-quarter rise of 5.2%. The core operating profit grew 12.1% year-on-year to INR 160.43 billion. Furthermore, the profit after tax surged by 14.5% year-on-year to INR 117.46 billion. The bank's domestic loan portfolio expanded by 15.7% year-on-year, with a 4.6% sequential increase, and the retail loan portfolio saw a 14.2% year-on-year growth. Deposits grew by 15.7% year-on-year, while the liquidity coverage ratio stood at approximately 120%. The net NPA ratio slightly decreased to 0.42% from 0.43% in the previous quarter. The capital adequacy ratio remained robust at 16.66%. The bank emphasized a focus on risk-calibrated profitable growth, maintaining high governance standards, and leveraging technology and customer-centric approaches to drive market share growth.Strong Profit Growth
Profit before tax, excluding treasury, increased by 7.9% year-on-year and 5.2% quarter-on-quarter to INR 148.10 billion. Profit after tax grew by 14.5% year-on-year to INR 117.46 billion.
Robust Loan Portfolio Growth
The domestic loan portfolio grew by 15.7% year-on-year. Retail loans grew by 14.2% year-on-year, and business banking saw a significant growth of 30% year-on-year.
Healthy Deposit Growth
Total deposits increased by 15.7% year-on-year, with term deposits growing by 15.9% year-on-year.
Improved Asset Quality
The net NPA ratio improved to 0.42% from 0.43% in the previous quarter.
Digital Transactions and Technology Investment
72% of trade transactions were done digitally, with a 20% year-on-year increase in trade online transactions.
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IBN 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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IBN Earnings-Related Price Changes
No data currently available
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 Icici Bank Limited (IBN) report earnings?
Icici Bank Limited (IBN) is schdueled to report earning on Jan 20, 2025, TBA Not Confirmed.
What is Icici Bank Limited (IBN) earnings time?
Icici Bank Limited (IBN) earnings time is at Jan 20, 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 IBN EPS forecast?
IBN EPS forecast for the fiscal quarter 2025 (Q3) is $0.37.
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