Results and publications

View the latest publications of BNP Paribas Group’s results : press releases, quarterly series, financial statements, etc.
View the latest publications
  • Group of documents (6 documents)
    Results
    2023-07-27

    Results as at 30 June 2023

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  • Group of documents (5 documents)
    Results
    2023-02-07

    Results as at 31 December 2022

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  • Group of documents (3 documents)
    Others
    2022-05-03

    GTS 2025 Strategic Plan: “Operational Efficiency and Technology” and “Sustainable Finance and CSR” components

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Results as at 30 June 2023

STRONG ORGANIC GROWTH

BNP Paribas’ diversified and integrated model and its ability to accompany clients and the economy in a comprehensive way by mobilising its teams, resources and capabilities, continued to drive growth in activity and results in the second quarter 2023.
Driven by the strength of the diversified model, revenues rose by 3.3% and operating expenses by 1.0% compared to the second
quarter 2022 (1). Operating expenses were well contained, and thus the Group achieved a positive jaws effect. Thanks to a long-term approach and prudent and proactive risk management, the cost of risk remained low (at 31 bp) and below 40 bp, which is the guidance of the GTS 2025 plan.
The Group achieved a 16.4% (2) increase in its net income compared to the second quarter 2022 (1). The Group’s organic growth in the second quarter of 2023 offset the effects of the Bank of the West sale.
Distributable net income (3), which serves as a basis for calculating the distribution amount to shareholders, came to 3,260 million euros in the second quarter 2023, or a net income per share of 4.72 euros in the first half 2023, up by 16.8% compared to the first half 2022.
These results reflect the Group’s robust intrinsic performance and constitute a solid base for achieving the objectives of the GTS 2025 plan.
The Group has stepped up its policy of engaging with society. It deploys a comprehensive approach and alongside its clients, is committed to transitioning towards a sustainable and lowcarbon economy with clear ambitions and objectives contributing to the advent of a carbon-neutral economy by 2050.

BNP Paribas achieved a very good performance in the second quarter, reflecting the solidity of our diversified model, the efficiency of our platforms, and the Group’s capacity to pursue its development, in order to address the needs of its individual, corporate and institutional clients in all phases of the economic cycle. 
With its “Growth, Technology and Sustainability 2025” strategic plan, the Group continues to develop leading platforms at the service of the European economy, to pursue its technological progress, and to support its clients in their transition towards a more sustainable model. Accordingly, the second quarter was highlighted by a further strengthening of our commitments to the energy transition, which allows us to contribute ever more actively to the transitions of our economies and of our clients.

Jean-Laurent Bonnafé, BNP PARIBAS CEO

______________________________
(1) Excluding exceptional items of which extraordinary items; see slide 4 of the 2Q23 results presentation.
(2) Excluding net income from discontinued activities (sale of Bank of the West on 01.02.23) (€136m in 2Q22 in accordance with IFRS 5); 11.4% when including this result in 2Q22.
(3) Distributable net income (€3,260m in 2Q23), adjusted in accordance with announcements made in February 2023, i.e., reported net income excluding exceptional items (in 2Q23, the negative impact of the adjustment in hedges related to changes in TLTRO terms and conditions decided by the ECB in 4Q22 (-€430m)), and complementary adjustments (+€20m in pre-tax income) – see slide 45 of the 2Q23 results presentation.

                                               consult the press release  

The latest figures

  • REVENUES
    3.3 %
    vs. 2Q22
  • OPERATING EXPENSES
    1.0 %
    vs. 2Q22
  • COST OF RISK
    31 bps
  • CET1 RATIO
    13.6 %
  • DISTRIBUTABLE NET INCOME
    3,260 m€

The results in a few words

  • Strong organic growth
  • Revenue growth supported by the strength of a diversified model
  • Cost of risk at a low level
  • Solid financial structure
  • Strong increase in earnings
  • Confirmation of the growth trajectory in distributable Net Income in 2023
  • Autorisation for the 2nd €2,5bn tranche of the share buyback programme received
    Launch of the execution beginning of August

 

Previous results

Results for the year:
for
  • Results Regulated information 1st quarter
    2023-05-03

    1Q23 - Quarterly series

    xlsx, EN, 3 mo
    View
  • Results Regulated information 1st quarter
    2023-05-03

    1Q23 - Slides of the presentation

    pdf, EN, 1 mo
    View
  • Results Regulated information Press release 1st quarter
    2023-05-03

    1Q23 - Press release results

    pdf, EN, 681 ko
    View
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BNP Paribas key figures

 

  2022 2021 2020 2019 2018
Total assets 2 666 376 2 634 444 2 488 491 2 164 713 2 040 836
Customer deposits 1 008 054 957 684 940 991 834 667 796 548
Customer loans gross 857 020 814 000 809 533 805 777 765 871
Common stockholders' equity 121 792 117 886 112 799 107 453 101 467
CET1 ratio 12.3% 12.9% 12.8% 12.1% 11.8%
Tier 1 capital ratio 13.9% 14.0% 14.2% 13.5% 13.1%
Total capital ratio 16.2% 16.4% 16.4% 15.5% 15.0%
  2022 2021 2020 2019 2018
Revenues 50 419 46 235 44 275 44 597 42 516
Gross operating income 16 717 15 124 14 081 13 260 11 933
Operating income 13 752 12 199 8 364 10 057 9 169
Pre-tax income 14 450 13 637 9 822 11 394 10 208
Net income Group share 10 196 9 488 7 067 8 173 7 526
  2022 2021 2020 2019 2018
Earnings per share (1) 7.80 7.26 5.31 6.21 5.73
Net book value per share (2) 89.0 88.0 82.3 79 74.7(*)
Net dividen per share 3.90(7) 3.67(6) 2.66(4) 0.0(3) 3.02
Pay-out ration (in %) (7) 50.00(7) 50.00(6) 50.00(5) 0.0(3) 52.72
  • SHARE PRICE
High (8) 68.07 62.55 54.22 53.81 68.66
Low (8) 40.67 39.71 24.51 38.14 38.18
Year-end 53.25 60.77 43.105 52.83 39.48
CAC 40 Index on 31st December 6 473.76 7 153.03 5 551.41 5 978.06 4 730.69

 

(1) Based on the average number of shares outstanding during the year.
(2) Before distribution. Revalued net book value based on the number of shares outstanding at year-end.
(3) Following ECB/2020/19 recommendation of the European Central Bank of 27 March 2020 on dividend distribution policies during the Covid-19 pandemic, the distribution of EUR 3.10 per share initially proposed to the Annual General Meeting of 19 May 2020, was appropriated to “Other reserves”.
(4) EUR 1.11 distributed following the approval of the Shareholders’ Combined General Meeting of 18 May 2021, plus EUR 1.55 distributed following the approval of the Ordinary Annual General Meeting of 24 September 2021; taking into account only the distribution of the 2020 dividend.
(5) Taking into account only the distribution of the 2020 dividend.
(6) Taking into account only the distribution of the 2021 dividend and not taking into account the EUR 900 million share buyback programme, 
executed between 1st November 2021 and 6 December 2021.
(7) Subject to approval by the Annual General Meeting of 16 May 2023 and taking into account only the distribution of the 2022 dividend and not taking into account the planned EUR 962 million share buyback programme related to the ordinary distribution.
(8) Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.
(9) Recorded during the meeting.
(*) Impact of the first application of IFRS 9 on shareholders’ equity at 1 January 2018 - EUR 2.5 billion, ie EUR 2 per share.