Arbuthnot Banking Group Full Year 2024 Earnings: EPS Misses Expectations

Arbuthnot Banking Group (LON:ARBB) Full Year 2024 Results

Key Financial Results

• Revenue: UK£174.9m (down 1.9% from FY 2023).
• Net income: UK£24.9m (down 30% from FY 2023).
• Profit margin: 14% (down from 20% in FY 2023).
• EPS: UK£1.52 (down from UK£2.23 in FY 2023).

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ARBB Banking Performance Indicators

• Non-performing loans: 3.50% (down from 3.84% in FY 2023).

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

Arbuthnot Banking Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%.

The primary driver behind last 12 months revenue was the Banking (Excl. Wealth Management) segment contributing a total revenue of UK£95.6m (55% of total revenue). The largest operating expense was General & Administrative costs, amounting to UK£120.3m (80% of total expenses). Explore how ARBB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Banks industry in the United Kingdom.

Performance of the British Banks industry.

The company's shares are up 3.0% 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 Arbuthnot Banking Group that you need to be mindful of.

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