In This Article:
NatWest Group (LON:NWG) Full Year 2024 Results
Key Financial Results
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Revenue: UK£14.3b (up 1.2% from FY 2023).
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Net income: UK£4.44b (down 1.5% from FY 2023).
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Profit margin: 31% (in line with FY 2023).
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EPS: UK£0.53.
NWG Banking Performance Indicators
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Net interest margin (NIM): 2.13% (up from 2.12% in FY 2023).
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Cost-to-income ratio: 53.4% (up from 51.8% in FY 2023).
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Non-performing loans: 1.45% (up from 1.42% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
NatWest Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 10%.
The primary driver behind last 12 months revenue was the Commercial & Institutional segment contributing a total revenue of UK£7.86b (55% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£7.85b (79% of total expenses). Explore how NWG's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in the United Kingdom.
Performance of the British Banks industry.
The company's shares are down 3.0% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for NatWest Group that we have uncovered.
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