Banca Monte dei Paschi di Siena Full Year 2024 Earnings: EPS Beats Expectations

Banca Monte dei Paschi di Siena (BIT:BMPS) Full Year 2024 Results

Key Financial Results

• Revenue: €3.62b (up 7.6% from FY 2023).
• Net income: €1.95b (down 4.9% from FY 2023).
• Profit margin: 54% (down from 61% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: €1.55 (down from €1.63 in FY 2023).

BMPS Banking Performance Indicators

• Cost-to-income ratio: 46.3% (down from 48.5% in FY 2023).

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

Banca Monte dei Paschi di Siena EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Banks industry in Italy.

Performance of the Italian Banks industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Banca Monte dei Paschi di Siena (1 is a bit concerning!) that we have uncovered.

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