Barclays Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Barclays (LON:BARC) Full Year 2024 Results

Key Financial Results

• Revenue: UK£24.3b (up 3.2% from FY 2023).
• Net income: UK£5.32b (up 24% from FY 2023).
• Profit margin: 22% (up from 18% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: UK£0.36 (up from UK£0.28 in FY 2023).

BARC Banking Performance Indicators

• Cost-to-income ratio: 63.0% (no change from 63.0% in FY 2023).
• Non-performing loans: 2.14% (up from 2.10% in FY 2023).

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

Barclays Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 1.1%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in the United Kingdom.

Performance of the British Banks industry.

The company's shares are down 3.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Barclays that you need to be mindful of.

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