Banco del Bajío Institución de Banca Múltiple First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

April 25, 2024

Banco del Bajío Institución de Banca Múltiple (BMV:BBAJIOO) First Quarter 2024 Results

Key Financial Results

Revenue: Mex$5.99b (up 6.1% from 1Q 2023).
Net income: Mex$2.78b (up 3.3% from 1Q 2023).
Profit margin: 46% (down from 48% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: Mex$2.34 (up from Mex$2.00 in 1Q 2023).

earnings-and-revenue-growth — BMV:BBAJIO O Earnings and Revenue Growth April 25th 2024

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

Banco del Bajío Institución de Banca Múltiple EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 4.7%.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Banks industry in South America.

Performance of the market in Mexico.

The company's shares are up 2.3% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Banco del Bajío Institución de Banca Múltiple (at least 1 which is a bit concerning), and understanding them should be part of your investment process.

Valuation is complex, but we're helping make it simple.

Find out whether Banco del Bajío Institución de Banca Múltiple is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.