CaixaBank SA (XMAD:CABK)
€ 7.94 +0.29 (+3.82%) Market Cap: 55.99 Bil Enterprise Value: 58.21 Bil PE Ratio: 9.30 PB Ratio: 1.48 GF Score: 59/100
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Q4 2024 CaixaBank SA Earnings Call Transcript

Jan 30, 2025 / 10:30 AM GMT
Release Date Price: €5.84 (-1.32%)

Key Points

Positve
  • CaixaBank SA (CAIXY) reported a strong performance in 2024 with a 20% increase in net income, reaching close to €5.8 billion.
  • The bank achieved a return on tangible equity of 18.1%, surpassing expectations.
  • Customer funds grew by 11.7%, with significant contributions from wealth management and deposits.
  • The bank announced a sixth share buyback program worth €500 million, indicating strong capital management.
  • CaixaBank SA (CAIXY) maintained a solid liquidity position with a liquidity coverage ratio of 207% and a net stable funding ratio of 146%.
Negative
  • Net interest income for the fourth quarter was down by 1.9%, reflecting challenges in the current rate environment.
  • The bank anticipates a banking tax of approximately €600 million for 2025, which could impact profitability.
  • There is ongoing pressure on maintenance fees, with expectations of further declines in 2025.
  • The mortgage segment continues to lag in loan growth compared to other segments.
  • CaixaBank SA (CAIXY) faces potential regulatory changes that could impact risk-weighted assets and provisioning strategies.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CABK.MC - Caixabank SA
Q4 2024 CaixaBank SA Earnings Call
Jan 30, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to CSAB Bank results presentation for the fourth quarter and full year 2024. As usual, we are joined today by our CEO Gonzalo Gortazar and our CFO Javier Pano.

We will start with the presentation about 30 minutes and then we'll be followed by a Q&A which is live and will take about 45 minutes to an hour and you should have received instructions by email on how to participate. Let me end by saying that my team and I will be at your full disposal after the call and with our father ad you Gonzalo, the floor is yours.

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Unidentified_2 [2]
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