Standard Bank Group Past Earnings Performance

Past criteria checks 4/6

Standard Bank Group has been growing earnings at an average annual rate of 18.7%, while the Banks industry saw earnings growing at 7.2% annually. Revenues have been growing at an average rate of 7.4% per year. Standard Bank Group's return on equity is 17.8%, and it has net margins of 26.9%.

Key information

18.7%

Earnings growth rate

17.6%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	7.4%
Return on equity	17.8%
Net Margin	26.9%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Standard Bank Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:SGBL.Y Revenue, expenses and earnings (ZAR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	162,939	43,774	2,370
31 Mar 24	162,148	43,993	2,324
31 Dec 23	161,356	44,211	2,278
30 Sep 23	156,485	42,138	2,496
30 Jun 23	151,613	40,065	2,714
31 Mar 23	143,151	37,154	2,676
31 Dec 22	134,689	34,243	2,638
30 Sep 22	130,177	31,898	4,428
30 Jun 22	125,665	29,553	6,218
31 Mar 22	124,269	27,209	6,055
31 Dec 21	122,873	24,865	5,891
30 Sep 21	120,337	22,435	5,608
30 Jun 21	117,800	20,005	5,325
31 Mar 21	114,310	16,182	5,451
31 Dec 20	110,819	12,358	5,576
30 Sep 20	112,155	14,187	5,768
30 Jun 20	113,491	16,015	5,959
31 Mar 20	118,381	20,729	6,100
31 Dec 19	123,271	25,443	6,241
30 Sep 19	123,313	26,693	8,282
30 Jun 19	123,355	27,942	10,322
31 Mar 19	121,742	27,698	9,267
31 Dec 18	120,128	27,453	8,211
30 Sep 18	120,261	27,027	8,045
30 Jun 18	120,394	26,601	7,878
31 Mar 18	119,132	26,418	7,878
31 Dec 17	117,869	26,235	7,878
30 Sep 17	114,945	24,985	6,708
30 Jun 17	112,021	23,734	5,537
31 Mar 17	111,862	22,970	5,537
31 Dec 16	111,702	22,206	5,537
30 Jun 16	112,480	21,598	4,873
31 Mar 16	109,185	21,306	4,873
31 Dec 15	105,890	21,013	4,873
30 Jun 15	101,357	22,909	-8,490
31 Mar 15	99,424	22,431	-2,458
31 Dec 14	97,490	21,953	3,573
30 Jun 14	89,347	18,223	27,085
31 Mar 14	86,468	17,726	26,671
31 Dec 13	83,589	17,228	26,257

Quality Earnings: SGBL.Y has high quality earnings.

Growing Profit Margin: SGBL.Y's current net profit margins (26.9%) are higher than last year (26.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SGBL.Y's earnings have grown by 18.7% per year over the past 5 years.

Accelerating Growth: SGBL.Y's earnings growth over the past year (9.3%) is below its 5-year average (18.7% per year).

Earnings vs Industry: SGBL.Y earnings growth over the past year (9.3%) exceeded the Banks industry -13.1%.

Standard Bank Group Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Standard Bank Group Limited to Report Fiscal Year 2023 Results on Mar 14, 2024

Standard Bank Group Limited to Report Q3, 2023 Results on Oct 17, 2023

Standard Bank Group Limited to Report First Half, 2023 Results on Aug 17, 2023

Standard Bank Group Limited to Report First Half, 2023 Results on Aug 17, 2023

Standard Bank Group Limited to Report Fiscal Year 2022 Results on Mar 09, 2023

Standard Bank Group Limited to Report Fiscal Year 2020 Results on Mar 11, 2021

Recent updates

Standard Bank Group Limited Announces Executive Changes

Standard Bank Group Limited Declares Interim Gross Cash Dividend for the Six Months Ended June 30, 2024, Payable on September 16, 2024

Standard Bank Group Limited Appoints Sola David-Borha as to Its Board and Board Committee

Standard Bank Group Limited Confirms Retirement of Directors

Standard Bank Group Limited and the Standard Bank of South Africa Limited Announces Change in Classification of Sola David-Borha from Non-Executive Director to Independent Non-Executive Director

Standard Bank Group Limited and the Standard Bank of South Africa Limited Announces Directorate Retirements

Standard Bank Group Limited Appoints Olusola (Sola) Adejoke David-Borha as Non-Executive Director

Standard Bank Group Limited, Annual General Meeting, Jun 10, 2024

Standard Bank Group Limited Announces Board and Committee Changes

Standard Bank Group Limited to Report Fiscal Year 2023 Results on Mar 14, 2024

Standard Bank Group Limited (JSE:SBK) acquired additional unknown minority stake in Novus Holdings Limited (JSE:NVS).

Standard Bank Group Limited (JSE:SBK) acquired a 9.73% stake in York Timber Holdings Limited (JSE:YRK).

Standard Bank Group Limited to Report Q3, 2023 Results on Oct 17, 2023

Standard Bank Group Limited Declares Interim Gross Cash Dividend, Payable on 18 September 2023

Standard Bank Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2023

Standard Bank Group Limited to Report First Half, 2023 Results on Aug 17, 2023

Standard Bank Group Limited to Report First Half, 2023 Results on Aug 17, 2023

Standard Bank Group Limited Announces Retirement of Directors

Standard Bank Group Limited Announces Retirement of Directors

Standard Bank Group Limited (JSE:SBK) acquired an unknown additional stake in Redefine Properties Limited (JSE:RDF).

Standard Bank group Appoints Virginia Magapatona as New Group Head of Communication and Reputation Management, Effective 1 March 2023

Standard Bank Group Limited (JSE:SBK) acquired an unknown stake in Spear Reit Limited (JSE:SEA).

Standard Bank Group Limited to Report Fiscal Year 2022 Results on Mar 09, 2023

Standard Bank Group Limited Revises Earnings Guidance for the Year 2022

Standard Bank Group Limited and The Standard Bank of South Africa Limited Announce Directorate Change

Standard Bank Group Limited, Annual General Meeting, Jun 12, 2023

Standard Bank Group Limited and The Standard Bank of South Africa Limited Announces Executive Changes

Standard Bank Group Limited and the Standard Bank of South Africa Limited Appoints Lwazi Loyiso Bam as Non-Executive Director

Standard Bank Group Limited Provides Earnings Guidance for the Six-Month Period Ending 30 June 2022

Standard Bank Group Limited Appoints Barend (Ben) Johannes Kruger as Non-Executive Director

Standard Bank Group Limited Announces the Appointment of Ms Nonkululeko Nyembezi as the Chairman Designate

Standard Bank Group Announce Resignation of Thulani Sikhulu Gcabashe as Chairman and Director

Ibv International Vaults (London) Ltd. acquired Safe custody business of Standard Bank from Standard Bank Group Limited (JSE:SBK).

Standard Bank Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021

Standard Bank Group Limited Announces Resignation of Maureen Erasmus as Non-Executive Director

Standard Bank Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021

Standard Bank Group Limited Provides Earnings Guidance for the Six-Months Ending 30 June 2021

Standard Bank Group Limited Announces Cash Dividend on Ordinary Shares, Payable on 19 April 2021

Standard Bank Group Partners Hedera Hashgraph Joins the Hedera Governing Council

Standard Bank Group Board Appoints Paul Cook to Board

Standard Bank Group Limited to Report Fiscal Year 2020 Results on Mar 11, 2021

Standard Bank Group Limited and the Standard Bank of South Africa Limited Appoint Arno Daehnke, as Group Financial Director, as Debt Officer of the Group and the Bank, Effective 1 November 2020

Industrial and Commercial Bank of China Limited (SEHK:1398) agreed to acquire 20% stake in ICBCA from Standard Bank Group Limited (JSE:SBK) for ZAR 2.7 billion.

Standard Bank Group Limited (JSE:SBK) acquired 35% stake in Tradesafe.

Standard Bank Group Limited Not Declares an Interim Dividend for the Six Months Ended June 30, 2020

Standard Bank Group Limited (JSE:SBK) acquired 40% stake in Payment24 Pty Ltd.

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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