The Bank of East Asia's (HKG:0023) attributable profit rose to HK$4.61 billion in 2024 from HK$4.12 billion in the year-ago period, according to a Thursday filing with the Hong Kong Exchange.
Earnings per share at the bank increased to HK$1.52 from HK$1.32 in the previous year. Analysts at Visible Alpha estimated EPS at HK$1.42.
Net interest income slipped to HK$16.5 billion from HK$16.9 billion a year earlier. Visible Alpha analysts estimated net interest income at HK$16.3 billion.
The company declared a second interim dividend of HK$0.38 per share, up from HK$0.18 a year earlier, and payable April 10 to shareholders on record as of March 11.
The bank expects Hong Kong authorities to continue its stimulus measures to stabilize the real estate market and boost competition, according to a statement by Executive Chairman David Li Kwok-po.
BEA also expects its future customer operations and bank interactions to be "digitally enhanced and increasingly AI-enabled," Li said.
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