(ABM FN) KBC has recorded lower profits in the fourth quarter of 2023. This is what analysts expect who contributed to the consensus that the bank itself compiled.
The consensus forecasts a net profit of 687 million euros, compared to 818 million in the fourth quarter of 2022. Analysts expect earnings per share to be 1.64 euros, compared to 1.93 euros in the same period of 2022.
Net interest income was expected to amount to 1.32 billion euros, compared to 1.42 billion euros a year earlier and 1.38 billion euros in the third quarter of this year.
This would bring interest income to 5.43 billion euros for the whole of 2023. This is in line with the approximately 5.4 billion euros that KBC itself is counting on. Initially, the bank aimed for 5.6 billion euros, but KBC lowered the outlook with the third quarter figures.
In 2024, KBC believes that interest income will also amount to 5.4 billion euros.
The consensus expects an increase in the CET1 ratio, an indicator of the financial strength of banks, to 15.0 percent for KBC at the end of December, compared to 14.6 percent in the third quarter of 2023.
KBC opens its books before the stock market opens on Thursday.
Source: ABM Financial News ABM Financial News is a supplier of stock market news, video and data, both for real-time trading platforms and dealing rooms as well as for online and offline media publications. The information in this article is not intended as professional investment advice or as a recommendation to make certain investments.
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2024-02-06 15:25:00
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