Eurobank Ergasias Services and Holdings Full Year 2024 Earnings: EPS Misses Expectations

Eurobank Ergasias Services and Holdings (ATH:EUROB) Full Year 2024 Results

Key Financial Results

• Revenue: €3.02b (up 21% from FY 2023).
• Net income: €1.46b (up 13% from FY 2023).
• Profit margin: 48% (down from 52% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.40 (up from €0.35 in FY 2023).

EUROB Banking Performance Indicators

• Net interest margin (NIM): 2.73% (down from 2.75% in FY 2023).
• Cost-to-income ratio: 33.8% (up from 33.2% in FY 2023).
• Non-performing loans: 3.29% (down from 3.53% in FY 2023).

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

Eurobank Ergasias Services and Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%.

The primary driver behind last 12 months revenue was the Retail segment contributing a total revenue of €1.05b (35% of total revenue). The largest operating expense was General & Administrative costs, amounting to €1.01b (65% of total expenses). Explore how EUROB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in Europe.

Performance of the market in Greece.

The company's shares are up 5.6% 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. See our latest analysis on Eurobank Ergasias Services and Holdings' balance sheet health.

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