Full Year 2025 Credit Agricole SA Earnings Call Transcript
Key Points
- Credit Agricole SA (CRARF) reported a stable net income group share of €7.1 billion for 2025, despite a tax surcharge of €147 million.
- The company achieved a return on tangible equity of 13.5%, maintaining a strong profitability level.
- Credit Agricole SA (CRARF) increased its dividend by 3% to €1.13 per share, reflecting confidence in future earnings.
- The company reported a high solvency level with a CET1 ratio of 11.8%, exceeding its 11% target.
- Credit Agricole SA (CRARF) experienced significant commercial success, acquiring 2.1 million new clients and achieving record insurance premium income of €52 billion, up 20% from 2024.
- The fourth quarter results were impacted by Banco BPM's first consolidation, leading to a decrease in net income by 23.9% for the group.
- The cost of risk increased to 35 basis points for CASA, up from 34 last year, indicating rising credit risk.
- The automobile market faced difficulties, impacting the mobility segment and resulting in a need for conservative discounting of used vehicle portfolios.
- The company faced exceptional costs, including a €41 million provision for UK car loans litigation and a €30 million provision related to the bailout of Banca Projeto in Italy.
- The cost-to-income ratio increased to 55.7% for CASA, reflecting higher operational expenses and restructuring costs.
Good morning everyone. It's a pleasure for me to share with you the strong results published this morning by Katarioles, that Clotilde will describe extensively in a few minutes.
Before that, let me start with a brief introduction and highlight the key commercial and financial figures, as well as give you an outlook for 2026.
On this slide once again and despite the uncertainties and erratic events in 2025, Creta Eco is posting high results for 2025, reaching again a level above â¬7 billion and this performance is supported by a very dynamic commercial activity.
Net income group share amounts precisely to â¬7.1 billion. It is a stable level compared to 2024 despite the tax surcharge of â¬147 million recorded this year. So in fact, excluding this tax surcharge, it is a slight increase.
These very good results are driven by an increase in revenues by 3.3% thanks a person thanks to a dynamic commercial activity this year that I will further illustrate in a few minutes.
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