Group of documents (8 documents)
Results
2026-02-05
- BNP Paribas
- Share price
BNP PARIBAS TURNED IN A RECORD FOURTH QUARTER FEATURING EXCELLENT OPERATING PERFORMANCES
Building on its strong 2025 results, BNP Paribas confirms its 2026 trajectory and raises its 2028 targets. In the fourth quarter of 2025, revenues reached €13,113m, up +8.0% compared with the fourth quarter of 2024, with a positive jaws effect of +2.9 points. The cost of risk remained below 40 bps, standing at 34 bps. The Group’s net income rose sharply to €2,972m, an increase of +28.0% compared with the fourth quarter of 2024. These robust results reflect the contribution of the Group’s three divisions: CIB delivered a record quarter, underlining the strength of its platforms (+1.0% vs. 4Q24); IPS posted very strong revenue growth of +39.6%, driven by the integration of AXA IM and the organic expansion of its businesses; and CPBS grew by +5.5%, supported by the performance of the commercial banks. Based on a total dividend per share of €5.16 (+7.7% vs. 2024) on 2025 earnings, the Board of Directors will on 12 May 2026 recommend that the General Meeting of shareholders vote to pay the balance of the dividend in the amount of €2.57 per share. Looking ahead to 2028, the Group has raised its targets, now aiming for a ROTE above 13%, a cost‑income ratio below 56%, and an average annual growth in Group net income above 10% between 2025 and 2028.
“The Group turned in a record 4th quarter featuring excellent operating performances. Building on our 2025 results and a structurally favourable interest-rate environment, we confirm our 2026 objectives and are raising our 2028 objectives. We are now strengthening foundations of our 2027-2030 plan and building an even more efficient and value-creating Group. I would like to thank our teams for their continued commitment to serving our clients and for their strong business drive."
Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas
| 2024 | 2023 | 2022 | 2021 | 2020 | |
| Total assets | 2 704 908 | 2 591 499 | 2 666 376 | 2 634 444 | 2 488 491 |
| Customer deposits | 1 034 857 | 988 549 | 1 008 054 | 957 684 | 940 991 |
| Customer loans gross | 900 141 | 859 200 | 857 020 | 814 000 | 809 533 |
| Common stockholders' equity | 128 137 | 123 742 | 121 792 | 117 886 | 112 799 |
| CET1 ratio | 12,9% | 13.2% | 12.3% | 12.9% | 12.8% |
| Tier 1 capital ratio | 14,9% | 15.3% | 13.9% | 14.0% | 14.2% |
| Total capital ratio | 17,1% | 17.3% | 16.2% | 16.4% | 16.4% |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
| Revenues | 48 831 | 45 874 | 50 419 | 46 235 | 44 275 |
| Gross operating income | 18 638 | 14 918 | 16 717 | 15 124 | 14 081 |
| Operating income | 15 437 | 11 236 | 13 752 | 12 199 | 8 364 |
| Pre-tax income | 16 188 | 11 725 | 14 450 | 13 637 | 9 822 |
| Net income Group share | 11 688 | 10 975 | 10 196 | 9 488 | 7 067 |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
| Net income attributable to the shareholders per share1 | 9.57 | 9.21 | 7.80 | 7.26 | 5.31 |
| Net book value per share2 | 102.5 | 96.0 | 89.0 | 88.0 | 82.3 |
| Net dividend per share | 4.798 | 4.607 | 3.906 | 3.675 | 2.663 |
| Cash pay-out ratio (%)9 | 50.008 | 50,007 | 50.006 | 50.005 | 50.004 |
| -- SHARE PRICE -- | |||||
| High10 | 73.08 | 67.02 | 68.07 | 62.55 | 54.22 |
| Low10 | 53.08 | 47.02 | 40.67 | 39.71 | 24.51 |
| Year-end | 59.22 | 62.59 | 53.25 | 60.77 | 43.105 |
| CAC 40 Index on 31 December | 7 380.74 | 7 543.18 | 6 473.76 | 7 153.03 | 5 551.41 |
1 Based on the average number of shares outstanding during the year. Calculated in 2023 on the basis of the distributable 2023 earnings and the number of shares outstanding at year-end.
2 Before distribution. Revalued net book value based on the number of shares outstanding at year-end.
3 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.
4 Taking into account only the distribution of the 2020 dividend.
5 Taking into account only the distribution of the 2021 dividend and not taking into account the EUR 900 million share buyback programme, executed between 1 November 2021 and 6 December 2021.
6 Taking into account only the distribution of the 2022 dividend and not taking into account the EUR 962 million share buyback programme in respect of the so-called “ordinary” distribution.
7 Taking into account only the distribution of the 2023 dividend and not taking into account the EUR 1.05 billion share buyback programme in respect of the so-called “ordinary” distribution.
8 Subject to approval by the Annual General Meeting of 13 May 2025 and not taking into account the EUR 1.08 billion share buyback programme planned for 2025.
9 Cash dividend distribution recommended at the Annual General Meeting expressed as a percentage of distributable net income attributable to shareholders.
10 Recorded intra-day during trading session.
