Close Brothers Group (LON:CBG) Full Year 2024 Results

Key Financial Results

• Revenue: UK￡926.8m (up 15% from FY 2023).

• Net income: UK￡89.3m (up 10% from FY 2023).

• Profit margin: 9.6% (in line with FY 2023).

• EPS: UK￡0.60 (up from UK￡0.54 in FY 2023).

CBG Banking Performance Indicators

• Cost-to-income ratio: 71.0% (up from 66.0% in FY 2023).

• Non-performing loans: 7.04% (up from 6.03% in FY 2023).

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

Close Brothers Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in the United Kingdom.

Performance of the British Banks industry.

The company's shares are down 20% from a week ago.

Risk Analysis

Be aware that Close Brothers Group is showing 1 warning sign in our investment analysis that you should know about...

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