RHB Bank Berhad Full Year 2024 Earnings: Beats Expectations

RHB Bank Berhad (KLSE:RHBBANK) Full Year 2024 Results

Key Financial Results

• Revenue: RM8.07b (up 8.0% from FY 2023).
• Net income: RM3.12b (up 11% from FY 2023).
• Profit margin: 39% (up from 38% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.72 (up from RM0.66 in FY 2023).

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RHBBANK Banking Performance Indicators

• Cost-to-income ratio: 46.7% (down from 47.5% in FY 2023).
• Non-performing loans: 1.46% (down from 1.74% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

RHB Bank Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%.

The primary driver behind last 12 months revenue was the Group Community Banking segment contributing a total revenue of RM4.05b (50% of total revenue). The largest operating expense was General & Administrative costs, amounting to RM3.56b (72% of total expenses). Explore how RHBBANK's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Malaysia.

Performance of the Malaysian Banks industry.

The company's shares are down 4.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for RHB Bank Berhad that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.