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Societe Generale (SCGLY)
OTHER OTC:SCGLY
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.29Last Year’s EPS
0.14Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 22.20%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The call highlighted Société Générale's strong financial performance, exceeding targets and increasing profitability across several segments. However, there were challenges in International Retail and French Retail, as well as concerns about cost of risk. Overall, the highlights significantly outweighed the lowlights.Company Guidance
During the fourth quarter and full year 2024 results call, Société Générale Group exceeded all financial targets, with revenues up by 7%, surpassing the 5% target. Key business segments contributing to this growth included GBIS, Ayvens, and International Retail. The cost-to-income ratio improved by nearly 5 points, reaching 69%, while the cost of risk was maintained at 26 basis points, reflecting strong risk management. Return on tangible equity (ROTE) increased by 2.7 percentage points to 6.9% for the year. The bank's CET1 ratio rose by 20 basis points to 13.3%, enhancing its capital position. A total distribution of €1.7 billion was proposed, marking a 75% increase from 2023, with a payout ratio of 50% between cash dividends and share buybacks. For 2025, Société Générale targets net banking income (NBI) growth above 3%, a net cost decrease of more than 1%, a cost-to-income ratio below 66%, and a ROTE above 8%.Exceeded Financial Targets
Société Générale exceeded all its financial targets for the fiscal year 2024, with revenues up 7%, surpassing the 5% target. The cost-to-income ratio improved by nearly 5 points to 69%, and ROTE increased by 2.7 percentage points to 6.9%.
Strong Capital Position
The CET1 ratio increased by 20 basis points to 13.3%, which is well ahead of the plan. The liquidity profile remains strong with an LCR ratio of 156% and NSFR ratio at 117%.
Record Payout Distribution
The board proposed a total distribution of €1.7 billion, a 75% increase compared to 2023, with a dividend of €1.09 per share and a share buyback program of €872 million.
BoursoBank Growth
BoursoBank acquired 1.3 million new clients, reaching profitability for the second year in a row and decreasing costs per client by 17%.
GBIS Exceptional Performance
GBIS posted over €10 billion of NBI with a RONE of 18.4%, driven by strong performance in Global Markets and Transaction Banking.
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SCGLY 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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SCGLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $6.44 | $7.25 | +12.58% |
| Oct 31, 2024 | $5.15 | $5.73 | +11.26% |
| Aug 01, 2024 | $5.19 | $4.71 | -9.25% |
| May 03, 2024 | $5.40 | $5.15 | -4.63% |
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 Societe Generale (SCGLY) report earnings?
Societe Generale (SCGLY) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Societe Generale (SCGLY) earnings time?
Societe Generale (SCGLY) earnings time is at Apr 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 SCGLY EPS forecast?
SCGLY EPS forecast for the fiscal quarter 2025 (Q1) is 0.29.
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