Barclays (LON:BARC) Full Year 2024 Results

Key Financial Results

• Revenue: UK£24.3b (up 3.2% from FY 2023).
• Net income: UK£5.32b (up 24% from FY 2023).
• Profit margin: 22% (up from 18% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: UK£0.36 (up from UK£0.28 in FY 2023).

BARC Banking Performance Indicators

• Cost-to-income ratio: 63.0% (no change from 63.0% in FY 2023).
• Non-performing loans: 2.14% (up from 2.10% in FY 2023).

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

Barclays Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 1.1%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in the United Kingdom.

Performance of the British Banks industry.

The company's shares are down 3.3% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Barclays has 1 warning sign we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.