St. Galler Kantonalbank Reports Full Year 2024 Earnings

St. Galler Kantonalbank (VTX:SGKN) Full Year 2024 Results

Key Financial Results

• Revenue: CHF548.5m (down 2.6% from FY 2023).
• Net income: CHF215.1m (up 3.8% from FY 2023).
• Profit margin: 39% (up from 37% in FY 2023). The increase in margin was driven by lower expenses.

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

St. Galler Kantonalbank Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Banks industry in Switzerland.

Performance of the Swiss Banks industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on St. Galler Kantonalbank's balance sheet.

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