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Turkiye Garanti Bankasi (TKGBY)
:TKGBY
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
0.16Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -0.26%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance for Garanti BBVA in 2024, with significant growth in net income and core banking activities. However, challenges such as increased loan provisions and potential regulatory risks were noted. The bank remains optimistic about maintaining its leadership and improving performance in 2025.Company Guidance
During Garanti BBVA's 2025 Operating Plan Guidance Webcast, the company provided several key financial metrics and expectations for the coming year. The bank anticipates a GDP growth rate of 2.5% in 2025, with year-end inflation decreasing to 26.5%. They project a policy rate reduction to 31% and a Turkish lira lending growth above average CPI, suggesting over 30% growth, largely due to segments exempt from current growth caps. The net cost of risk is expected to rise to 2-2.5%, while margins are projected to expand by 300 basis points by the year's end. Garanti BBVA forecasts a return on average equity in the low 30s, assuming current regulations remain unchanged, and highlights a continued focus on customer-driven asset mix and operational efficiency to sustain strong financial performance.Record Net Income Growth
Garanti BBVA ended 2024 with a net income of TRY92.2 billion, representing a 17% year-on-year growth. This was achieved despite market complexities and regulatory pressures.
Strong Loan and Deposit Growth
Turkish lira loan growth reached 52% year-on-year, while Turkish lira deposits grew by 36%, highlighting strong performance in core banking activities.
High Return on Equity and Assets
The bank achieved a return on average equity of 33% and a return on average assets of 3.5%, the highest among peers.
Outstanding Core Banking Revenue Growth
Core banking revenue grew by 62%, underscoring the strength of the bank's revenue streams despite increasing interest rates.
Improved Margins and Funding Structure
Margins improved with a 67 basis points quarter-on-quarter increase in the core margin, supported by a high share of demand deposits funding assets.
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TKGBY 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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TKGBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $3.79 | $3.77 | -0.53% |
| Oct 30, 2024 | $3.21 | $3.16 | -1.56% |
| Jul 30, 2024 | $3.82 | $3.58 | -6.28% |
| Apr 29, 2024 | $2.49 | $2.53 | +1.61% |
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 Turkiye Garanti Bankasi (TKGBY) report earnings?
Turkiye Garanti Bankasi (TKGBY) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Turkiye Garanti Bankasi (TKGBY) earnings time?
Turkiye Garanti Bankasi (TKGBY) earnings time is at Apr 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 TKGBY EPS forecast?
TKGBY EPS forecast for the fiscal quarter 2025 (Q1) is 0.17.
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