Group of documents (7 documents)
Results
2024-10-31
- BNP Paribas
- Share price
These very good results were driven by the business performance of the operating divisions and
demonstrate our Group’s capacity to grow while continuing to manage risks and resources
thoroughly. The 3rd quarter particularly illustrates CIB’s capacity to gain market shares and IPS’s
strong business momentum, especially in Insurance and Asset Management. Our Commercial &
Personal Banking is likely to gradually benefit from the positive shift in the rate environment. On
this basis, we confirm our 2024 trajectory and remain focused on continuing our long-term
development, notably with the planned acquisition of AXA IM, which is a major initiative,
repositioning IPS strategically within the Group. I thank all our teams for their ongoing mobilisation
alongside our customers.
Jean-Laurent Bonnafé, BNP PARIBAS CEO
________________________________________________________________________________
(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 3Q23 (distributable) and 3Q24 minus the increase in Group operating expenses between 3Q23 (distributable) and 3Q24. For the 2024 trajectory, Increase in Group revenues between 2023 (distributable) and 2024 minus the increase in Group operating expenses between 2023 (distributable) and 2024.
(3) Jaws effect of +0.5 pts excluding DGS tax in Italy paid in 2023. Jaws effect: change in Group revenues between 3Q23 (distributable) and 3Q24, less change in Group operating expenses between 3Q23 (distributable) and 3Q24.
(4) Cost of risk does not include “Other net losses for risks on financial instruments”.
(5) Earnings per share calculated on the basis of Net income of the 3rd quarter of 2024 adjusted for the remuneration of undated super-subordinated notes, and on the average end-of-period number of shares.
(6) This project remains subject to the applicable procedures related to the employees concerned and the approval of the competent regulatory and competition 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 share (1) | 9.21 | 7.80 | 7.26 | 5.31 | 6.21 |
| Net book value per share (2) | 96.0 | 89.0 | 88.0 | 82.3 | 79 |
| Net dividen per share | 4.60(8) | 3.90(7) | 3.67(6) | 2.66(4) | 0.0(3) |
| Pay-out ration (in %) (9) | 50.00(8) | 50.00(7) | 50.00(6) | 50.00(5) | 0.0(3) |
|
|||||
| High (10) | 67.02 | 68.07 | 62.55 | 54.22 | 53.81 |
| Low (10) | 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.
