TBC Bank Group Full Year 2024 Earnings: Revenues Beat Expectations

TBC Bank Group (LON:TBCG) Full Year 2024 Results

Key Financial Results

• Revenue: GEL2.62b (up 19% from FY 2023).
• Net income: GEL1.28b (up 14% from FY 2023).
• Profit margin: 49% (down from 51% in FY 2023). The decrease in margin was driven by higher expenses.

TBCG Banking Performance Indicators

• Net interest margin (NIM): 6.70% (no change from 6.70% in FY 2023).
• Cost-to-income ratio: 37.9% (up from 36.2% in FY 2023).
• Non-performing loans: 2.17% (up from 2.05% in FY 2023).

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

TBC Bank Group Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.2%.

The primary driver behind last 12 months revenue was the Georgian Financial Services segment contributing a total revenue of GEL2.28b (87% of total revenue). The largest operating expense was General & Administrative costs, amounting to GEL1.07b (80% of total expenses). Explore how TBCG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in the United Kingdom.

Performance of the British Banks industry.

The company's shares are up 14% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on TBC Bank Group's balance sheet health.

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