01-04-2025
CIMB Group Holdings Berhad Full Year 2024 Earnings: EPS Misses Expectations
Revenue: RM20.9b (up 7.3% from FY 2023).
Net income: RM7.73b (up 11% from FY 2023).
Profit margin: 37% (up from 36% in FY 2023). The increase in margin was driven by higher revenue.
EPS: RM0.72 (up from RM0.66 in FY 2023).
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Net interest margin (NIM): 2.21% (down from 2.22% in FY 2023).
Cost-to-income ratio: 46.7% (down from 46.9% in FY 2023).
Non-performing loans: 2.12% (down from 2.67% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.1%.
The primary driver behind last 12 months revenue was the Consumer Banking segment contributing a total revenue of RM8.15b (39% of total revenue). Explore how CIMB's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Malaysia.
Performance of the Malaysian Banks industry.
The company's share price is broadly unchanged from a week ago.
It is worth noting though that we have found 1 warning sign for CIMB Group Holdings Berhad that you need to take into consideration.
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