Paragon Banking Group Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

January 29, 2025

Paragon Banking Group (LON:PAG) Full Year 2024 Results

Key Financial Results

Revenue: UK£457.8m (up 16% from FY 2023).
Net income: UK£186.0m (up 21% from FY 2023).
Profit margin: 41% (up from 39% in FY 2023). The increase in margin was driven by higher revenue.
EPS: UK£0.89 (up from UK£0.69 in FY 2023).

revenue-and-expenses-breakdown — LSE:PAG Revenue and Expenses Breakdown January 29th 2025

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

Paragon Banking Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%.

The primary driver behind last 12 months revenue was the Mortgage Lending segment contributing a total revenue of UK£280.5m (61% of total revenue). Explore how PAG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Diversified Financial industry in the United Kingdom.

Performance of the British Diversified Financial industry.

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

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Paragon Banking Group, and understanding this should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.