UniCredit Past Earnings Performance

Past criteria checks 4/6

UniCredit has been growing earnings at an average annual rate of 51.9%, while the Banks industry saw earnings growing at 19.6% annually. Revenues have been growing at an average rate of 14.4% per year. UniCredit's return on equity is 16.6%, and it has net margins of 43.3%.

Key information

51.9%

Earnings growth rate

55.0%

EPS growth rate

Banks Industry Growth	4.6%
Revenue growth rate	14.4%
Return on equity	16.6%
Net Margin	43.3%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How UniCredit makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

WBAG:UCG Revenue, expenses and earnings (EUR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	23,995	10,386	9,932
30 Jun 24	23,638	10,119	9,723
31 Mar 24	23,412	9,826	9,995
31 Dec 23	22,957	9,332	9,992
30 Sep 23	22,377	9,035	10,144
30 Jun 23	21,322	8,422	10,189
31 Mar 23	20,183	8,174	10,050
31 Dec 22	18,069	6,381	10,068
30 Sep 22	15,105	3,076	10,163
30 Jun 22	14,408	2,425	10,233
31 Mar 22	13,672	1,447	10,343
31 Dec 21	14,287	2,062	10,409
30 Sep 21	15,091	1,689	10,099
30 Jun 21	14,492	1,311	10,056
31 Mar 21	13,708	636	10,326
31 Dec 20	11,250	-2,956	10,413
30 Sep 20	11,600	-2,587	10,927
30 Jun 20	12,310	-2,087	10,985
31 Mar 20	12,556	-1,899	10,729
31 Dec 19	15,089	1,917	10,769
30 Sep 19	16,027	4,782	10,822
30 Jun 19	15,118	3,572	10,887
31 Mar 19	15,862	3,885	10,917
31 Dec 18	16,098	3,888	11,148
30 Sep 18	15,775	2,184	11,181
30 Jun 18	16,542	2,908	11,506
31 Mar 18	16,627	3,127	11,896
31 Dec 17	16,410	2,759	12,068
30 Sep 17	6,091	-11,235	12,788
30 Jun 17	5,902	-11,672	12,940
31 Mar 17	6,370	-11,811	13,098
31 Dec 16	5,857	-12,548	13,187
30 Sep 16	13,421	-206	11,782
30 Jun 16	13,802	-17	12,008
31 Mar 16	13,710	-346	12,294
31 Dec 15	14,577	216	12,749
30 Sep 15	17,666	1,866	13,688
30 Jun 15	18,277	2,175	13,939
31 Mar 15	17,710	1,957	13,734
31 Dec 14	17,759	2,096	13,730
30 Sep 14	9,555	-12,403	13,188
30 Jun 14	8,872	-12,963	13,192
31 Mar 14	9,283	-13,026	13,612
31 Dec 13	9,103	-13,310	13,732

Quality Earnings: UCG has high quality earnings.

Growing Profit Margin: UCG's current net profit margins (43.3%) are higher than last year (40.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: UCG's earnings have grown significantly by 51.9% per year over the past 5 years.

Accelerating Growth: UCG's earnings growth over the past year (15%) is below its 5-year average (51.9% per year).

Earnings vs Industry: UCG earnings growth over the past year (15%) exceeded the Banks industry 13.9%.

UniCredit Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Third quarter 2024 earnings released

Second quarter 2024 earnings released

First quarter 2024 earnings released: EPS: €1.49 (vs €1.06 in 1Q 2023)

Full year 2023 earnings released: EPS: €5.11 (vs €3.08 in FY 2022)

Full year 2023 earnings released: EPS: €4.71 (vs €3.08 in FY 2022)

UniCredit S.p.A. to Report Fiscal Year 2023 Results on Feb 29, 2024

Recent updates

Upcoming dividend of €0.93 per share

Third quarter 2024 earnings released

UniCredit S.p.A. completed the acquisition of 90.1% stake in Alpha Bank Romania SA from Alpha Holdings Single Member S.A.

German Chancellor Opposes Commerzbank Takeover

UniCredit S.p.A. (BIT:UCG) agreed to acquire remaining 51% stake in CNP UniCredit Vita S.p.A. from CNP Assurances SA.

UniCredit S.p.A. (BIT:UCG) acquired an additional 11.50% stake in Commerzbank AG (XTRA:CBK).

Commerzbank Reportedly Open to Tie-Up Talks with UniCredit

New minor risk - Share price stability

Second quarter 2024 earnings released

UniCredit S.p.A. (BIT:UCG) entered into a binding agreement to acquire Aion S.A and Vodeno Sp. z o.o. for €370 million.

UniCredit S.p.A.agreed to acquire majority stake in Alpha Bank Romania SA.

First quarter 2024 earnings released: EPS: €1.49 (vs €1.06 in 1Q 2023)

Upcoming dividend of €1.80 per share

Full year 2023 earnings released: EPS: €5.11 (vs €3.08 in FY 2022)

Dividend increased to €1.80

UniCredit and Rockefeller Asset Management Launch Onemarkets Rockefeller Global Innovation Equity Fund

New minor risk - Share price stability

Full year 2023 earnings released: EPS: €4.71 (vs €3.08 in FY 2022)

UniCredit S.p.A. to Report Fiscal Year 2023 Results on Feb 29, 2024

UniCredit S.p.A., Annual General Meeting, Apr 12, 2024

Third quarter 2023 earnings released: EPS: €1.28 (vs €0.78 in 3Q 2022)

UniCredit Bids to Buy Stake in Alpha Bank

New minor risk - Share price stability

UniCredit S.p.A., Annual General Meeting, Oct 27, 2023

Now 20% undervalued

New major risk - Revenue and earnings growth

Unicredit S.P.A. Announces Executive Changes

First quarter 2023 earnings released

Upcoming dividend of €0.99 per share at 5.1% yield

Investor sentiment deteriorates as stock falls 17%

UniCredit S.p.A. Provides Earnings Guidance for the Year 2023

Full year 2022 earnings released

UniCredit S.p.A. to Report Q4, 2022 Results on Jan 30, 2023

UniCredit S.p.A., Annual General Meeting, Mar 31, 2023

UniCredit S.p.A. to Report Q3, 2023 Results on Oct 25, 2023

UniCredit Reassesses Potential Acquisition of Monte dei Paschi di Siena

Credit Factor SpA and KRUK Spólka Akcyjna (WSE:KRU) reached an agreement to acquire Non-performing unsecured individual credit portfolio, in Italy from UniCredit S.p.A. (BIT:UCG).

UniCredit S.p.A. to Report Fiscal Year 2022 Results on Jan 30, 2023

Third quarter 2022 earnings released

CNP Assurances SA completed the acquisition of remaining 49% of CNP Vita Assicura S.p.A. from UniCredit S.p.A. (BIT:UCG).

Second quarter 2022 earnings released

UniCredit S.p.A., Annual General Meeting, Sep 14, 2022

CNP Assurances SA signed a share purchase agreement to acquire 49% stakes in CNP Vita Assicura S.p.A. from UniCredit S.p.A. (BIT:UCG) for 500 million.

UniCredit Reportedly Considers Russia Exit that it Can Reverse After the War

illimity Bank S.p.A. (BIT:ILTY) reached an agreement to acquire Italian non-performing loans portfolio from UniCredit S.p.A. (BIT:UCG).

UniCredit Announces Executive Changes

UniCredit and Commerzbank Postpone Merger Talks

First quarter 2022 earnings released

Upcoming dividend of €0.54 per share

Now 26% undervalued

UniCredit Withdraws from A Possible Deal to Take over Otkritie Bank

Full year 2021 earnings: Revenues exceed analyst expectations

Update on UniCredit and Otkritie Bank Potential Acquisition

UniCredit Reportedly Among Suitors for Russia's Otkritie Bank

Investor sentiment improved over the past week

Italy, UniCredit Reportedly to Extend Talks over Monte dei Paschi Sale

Second quarter 2021 earnings released

MBCredit Solutions S.p.A. and KRUK Spólka Akcyjna (WSE:KRU) entered into an agreement to acquire Unsecured Individual Non-Performing Credit Portfolio of UniCredit from UniCredit S.p.A. (BIT:UCG).

Kruk Investimenti S. R. L., and UniCredit S.p.A. (BIT:UCG) agreed to acquire €304 million Italian debt portfolios.

An unknown buyer acquired unknown minority stake in Net Insurance S.p.A. (BIT:NET) from UniCredit S.p.A. (BIT:UCG).

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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