AIB Group Full Year 2023 Earnings: Beats Expectations

AIB Group (ISE:A5G) Full Year 2023 Results

Key Financial Results

• Revenue: €4.52b (up 56% from FY 2022).
• Net income: €2.06b (up 194% from FY 2022).
• Profit margin: 46% (up from 24% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €0.76 (up from €0.26 in FY 2022).

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

AIB Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%.

Looking ahead, revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%.

Performance of the market in Ireland.

The company's shares are up 2.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for AIB Group you should know about.

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