Group of documents (8 documents)
Results
2025-02-04
- BNP Paribas
- Share price
“The Group achieved very good performances in the 4th quarter 2024 and surpassed its 2024 objectives, while maintaining a solid financial structure. The ROTE trajectory out to 2026 is confirmed and post-2026 drivers of growth are already in place. With CIB, the Group possesses a high-value-added platform and a powerful growth engine that continues to gain market share. We are launching a new strategic plan (6) for Commercial & Personal Banking in France and we are extending Personal Finance’s plan to 2028 with the ambition to raise the profitability of these two CPBS business lines to the Group’s level. Meanwhile, revenues at Commercial & Personal Banking should benefit from the new interestrate environment. Our trajectory will also be backed by IPS, in particular organic growth at Insurance, Asset Management and Wealth Management. Beyond that, I expect a strong acceleration, driven by the implementation of external growth, with the AXA IM project (7), as well as developments in Wealth Management and Life Insurance. On the strength of its diversified and integrated model, BNP Paribas is therefore well positioned for the new phase of the economic cycle. I thank all our teams for their ongoing mobilisation towards our clients.”
Jean-Laurent Bonnafé, Director and Chief Executive Officer of BNP Paribas
(1) Based on restatement of quarterly series reported on 29 February 2024. Results serving as a basis for calculating the distribution in 2023 and reflecting the Group’s intrinsic performance post impact of the Bank of the West sale and post ramp-up of the Single Resolution Fund (SRF) excluding extraordinary items.
(2) Increase in Group revenues between 4Q23 (distributable) and 4Q24 minus the increase in Group operating expenses between 4Q23 (distributable) and 4Q24.
(3) Cost of risk does not include “Other net losses for risk on financial instruments”.
(4) Net income, Group share.
(5) Earnings per share calculated on the basis of 2024 net income adjusted for the remuneration of undated supersubordinated notes and the average end-of-period number of shares. Percentage change compared to 2023 calculated on the basis of the 2023 restated distributable result.
(6) The project will be subjected to information and consultation with the works councils.
(7) Subject to agreements with the relevant authorities.
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Total assets | 2 591 499 | 2 666 376 | 2 634 444 | 2 488 491 | 2 164 713 |
| Customer deposits | 988 549 | 1 008 054 | 957 684 | 940 991 | 834 667 |
| Customer loans gross | 859 200 | 857 020 | 814 000 | 809 533 | 805 777 |
| Common stockholders' equity | 123 742 | 121 792 | 117 886 | 112 799 | 107 453 |
| CET1 ratio | 13.2% | 12.3% | 12.9% | 12.8% | 12.1% |
| Tier 1 capital ratio | 15.3% | 13.9% | 14.0% | 14.2% | 13.5% |
| Total capital ratio | 17.3% | 16.2% | 16.4% | 16.4% | 15.5% |
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Revenues | 45 874 | 50 419 | 46 235 | 44 275 | 44 597 |
| Gross operating income | 14 918 | 16 717 | 15 124 | 14 081 | 13 260 |
| Operating income | 11 236 | 13 752 | 12 199 | 8 364 | 10 057 |
| Pre-tax income | 11 725 | 14 450 | 13 637 | 9 822 | 11 394 |
| Net income Group share | 10 975 | 10 196 | 9 488 | 7 067 | 8 173 |
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Earnings per share1 | 9.21 | 7.80 | 7.26 | 5.31 | 6.21 |
| Net book value per share2 | 96.0 | 89.0 | 88.0 | 82.3 | 79 |
| Net dividen per share | 4.608 | 3.907 | 3.676 | 2.664 | 0.03 |
| Pay-out ration (in %)9 | 50.008 | 50.007 | 50.006 | 50.005 | 0.03 |
| -- SHARE PRICE -- | |||||
| High10 | 67.02 | 68.07 | 62.55 | 54.22 | 53.81 |
| Low10 | 47.02 | 40.67 | 39.71 | 24.51 | 38.14 |
| Year-end | 62.59 | 53.25 | 60.77 | 43.105 | 52.83 |
| CAC 40 Index on 31st December | 7 543.18 | 6 473.76 | 7 153.03 | 5 551.41 | 5 978.06 |
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 2023, net earnings per share calculated on a 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 UR 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 1 November 2021 and 6 December 2021.
executed between 1st November 2021 and 6 December 2021.
7 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.
8 Subject to approval by the Annual General Meeting of 14 May 2024 and not taking into account the EUR 1.05 billion share buyback programme planned for 2024.
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.
