Emirates NBD Bank PJSC Full Year 2024 Earnings: EPS Misses Expectations

Emirates NBD Bank PJSC (DFM:EMIRATESNBD) Full Year 2024 Results

Key Financial Results

• Revenue: د.إ44.0b (up 11% from FY 2023).
• Net income: د.إ23.0b (up 9.7% from FY 2023).
• Profit margin: 52% (in line with FY 2023).
• EPS: د.إ3.56 (up from د.إ3.32 in FY 2023).

EMIRATESNBD Banking Performance Indicators

• Net interest margin (NIM): 3.64% (down from 4.90% in FY 2023).
• Cost-to-income ratio: 31.2% (up from 27.2% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Emirates NBD Bank PJSC EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in United Arab Emirates.

Performance of the Emirian Banks industry.

The company's shares are down 7.3% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Emirates NBD Bank PJSC.

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