Erste Group Bank Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

March 05, 2025

Erste Group Bank (VIE:EBS) Full Year 2024 Results

Key Financial Results

Revenue: €10.8b (up 4.8% from FY 2023).
Net income: €3.13b (up 7.8% from FY 2023).
Profit margin: 29% (in line with FY 2023).
EPS: €7.75 (up from €6.81 in FY 2023).

EBS Banking Performance Indicators

Net interest margin (NIM): 2.46% (down from 2.50% in FY 2023).
Cost-to-income ratio: 47.2% (down from 47.6% in FY 2023).
Non-performing loans: 2.81% (up from 2.29% in FY 2023).

revenue-and-expenses-breakdown — WBAG:EBS Revenue and Expenses Breakdown March 5th 2025

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

Erste Group Bank Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 2.3%.

The primary driver behind last 12 months revenue was the Retail segment contributing a total revenue of €4.90b (45% of total revenue). The largest operating expense was General & Administrative costs, amounting to €5.28b (69% of total expenses). Explore how EBS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Europe.

Performance of the market in Austria.

The company's shares are down 8.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Erste Group Bank (1 makes us a bit uncomfortable!) that you need to be mindful of.

Valuation is complex, but we're here to simplify it.

Discover if Erste Group Bank might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.