In This Article:
TBC Bank Group (LON:TBCG) Full Year 2024 Results
Key Financial Results
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Revenue: GEL2.62b (up 20% from FY 2023).
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Net income: GEL1.28b (up 14% from FY 2023).
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Profit margin: 49% (down from 51% in FY 2023). The decrease in margin was driven by higher expenses.
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EPS: GEL23.41 (up from GEL20.74 in FY 2023).
TBCG Banking Performance Indicators
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Net interest margin (NIM): 6.70% (no change from 6.70% in FY 2023).
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Cost-to-income ratio: 37.9% (up from 36.2% in FY 2023).
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Non-performing loans: 2.29% (up from 2.11% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
TBC Bank Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Banks industry in the United Kingdom.
Performance of the British Banks industry.
The company's shares are down 4.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on TBC Bank Group's balance sheet.
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