OTP Bank Nyrt Full Year 2024 Earnings: Beats Expectations

OTP Bank Nyrt (BUSE:OTP) Full Year 2024 Results

Key Financial Results

• Revenue: Ft2.54t (up 20% from FY 2023).
• Net income: Ft1.05t (up 4.2% from FY 2023).
• Profit margin: 42% (down from 48% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: Ft3,977 (up from Ft3,774 in FY 2023).

OTP Banking Performance Indicators

• Net interest margin (NIM): 4.28% (up from 3.93% in FY 2023).
• Cost-to-income ratio: 41.3% (down from 43.3% in FY 2023).
• Non-performing loans: 3.64% (down from 3.83% in FY 2023).

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

OTP Bank Nyrt Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe.

Performance of the market in Hungary.

The company's shares are up 4.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for OTP Bank Nyrt (1 is significant) you should be aware of.

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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.