Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Kbc Group (KBCSY)
:KBCSY
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.64Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 6.00%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong financial performance in the fourth quarter and full year 2024, driven by growth in net interest and insurance income, as well as a solid liquidity position. However, negative impacts from financial instruments at fair value, legal provisions, and high bank taxes present challenges.Company Guidance
During the KBC Group's fourth-quarter 2024 earnings call, several key metrics and guidance for 2025 were highlighted. The Group reported a net profit of €1.116 billion for Q4, significantly influenced by a €318 million tax benefit from the exit in Ireland. The net interest income saw a quarterly increase, surpassing the full-year 2024 guidance, driven by loan book growth and customer deposits. The bank-insurance machine maintained a balanced 49/51 split between net interest income and non-net interest income. The cost-income ratio stood at 47% (43% excluding bank taxes), and the combined insurance ratio was 90%, below the 91% guidance, despite impacts from Storm Boris. The credit cost ratio was lower than expected, at 10 basis points or 16% excluding geographical and emerging risk buffers. Looking ahead, KBC aims for at least €5.7 billion in net interest income for 2025, with expected loan growth of 4% and insurance revenue growth of at least 7%. The Group's solvency position remains robust, with a CET1 ratio of 15%, NSFR at 139%, and LCR at 158%. The dividend for 2024 is set at €4.85 per share, with a 51% payout of net profit. CEO Johan Thijs noted the success of digital initiatives like the AI platform Kate, which now autonomously handles 70% of customer inquiries.Strong Fourth Quarter Results
KBC posted a significant result in the fourth quarter of 2024 with €1.116 billion. This was influenced by a one-off €318 million tax benefit from the exit in Ireland.
Growth in Net Interest Income
Net interest income was up 3% on the quarter and 5% on the year, driven by an increase in the loan book and customer deposits.
Strong Insurance and Fee Business
Insurance sales were significantly up, with non-life insurance growing 9% year-on-year excluding FX effects. Fee and commission income reached a record high of €700 million in Q4.
Solid Solvency and Liquidity Position
The CET1 ratio stands at 15%, with NSFR and LCR ratios at 139% and 158% respectively.
Digital and Sustainability Achievements
5.3 million customers are using AI tool 'Kate' with a 70% autonomy success rate. KBC was also granted an A listing on the Carbon Disclosure Project.
---
KBCSY 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
---
KBCSY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $40.85 | $42.87 | +4.94% |
| Nov 07, 2024 | $36.57 | $37.34 | +2.11% |
| Aug 08, 2024 | $35.53 | $35.70 | +0.48% |
| May 16, 2024 | $37.42 | $36.44 | -2.62% |
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.
---
FAQ
When does Kbc Group (KBCSY) report earnings?
Kbc Group (KBCSY) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is Kbc Group (KBCSY) earnings time?
Kbc Group (KBCSY) earnings time is at May 15, 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 KBCSY EPS forecast?
Currently, no data Available
---