Banco del Bajío Institución de Banca Múltiple Full Year 2024 Earnings: Revenues Disappoint

Banco del Bajío Institución de Banca Múltiple (BMV:BBAJIOO) Full Year 2024 Results

Key Financial Results

• Revenue: Mex$23.8b (up 2.7% from FY 2023).
• Net income: Mex$10.7b (down 2.9% from FY 2023).
• Profit margin: 45% (down from 48% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: Mex$94.00.

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

Banco del Bajío Institución de Banca Múltiple Revenues Disappoint

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Banks industry in South America.

Performance of the market in Mexico.

The company's share price is broadly unchanged from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Banco del Bajío Institución de Banca Múltiple could be a good place to look. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

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