Yahoo Finance ABN AMRO Bank Full Year 2023 Earnings: EPS Beats Expectations
ABN AMRO Bank (AMS:ABN) Full Year 2023 Results
Key Financial Results
Revenue: €8.78b (up 13% from FY 2022).
Net income: €2.61b (up 47% from FY 2022).
Profit margin: 30% (up from 23% in FY 2022). The increase in margin was driven by higher revenue.
EPS: €2.99 (up from €1.96 in FY 2022).
ABN Banking Performance Indicators
Net interest margin (NIM): 1.57% (up from 1.29% in FY 2022).
Cost-to-income ratio: 60.7% (down from 69.2% in FY 2022).
Non-performing loans: 1.83% (down from 2.00% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ABN AMRO Bank EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.9%.
The primary driver behind last 12 months revenue was the Personal & Business Banking segment contributing a total revenue of €4.04b (46% of total revenue). The largest operating expense was General & Administrative costs, amounting to €5.06b (82% of total expenses). Explore how ABN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Banks industry in Europe.
Performance of the market in the Netherlands.
The company's shares are up 2.3% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for ABN AMRO Bank (of which 1 shouldn't be ignored!) you should know about.
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