- NatWest’s pretax operating profit for Q4 2024 was GBP1.49 billion, surpassing the estimate of GBP1.4 billion.
- Net income reached GBP1.25 billion, exceeding forecasts which pegged it at GBP963.2 million.
- Return on tangible equity achieved +19%, outperforming the projected +14.8%.
- Customer deposits recorded at GBP433.5 billion were just slightly below the estimate of GBP434.56 billion.
- The Common Equity Tier 1 ratio stood at 13.6%, which met the expected estimate.
- The adjusted cost to income ratio at 55.3% was higher than the forecasted 53%.
- Operating expenses were GBP2.27 billion, over the prediction of GBP2.12 billion.
- Total income amounted to GBP3.83 billion, beating the anticipated figure of GBP3.77 billion.
- Net interest income of GBP2.97 billion slightly exceeded the estimate of GBP2.95 billion.
- Non-interest income reached GBP857 million, surpassing the estimated GBP812.5 million.
- The bank plans to distribute ordinary dividends worth approximately 50% of attributable profit from 2025 and will evaluate buyback options.
- By the end of 2024, NatWest provided £93.4 billion out of its £100 billion target for climate and sustainable funding and financing to be reached by the end of 2025.
- Analyst recommendations include 16 buys, 5 holds, and 2 sells for NatWest shares.
A look at NatWest Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, NatWest Group shows a promising long-term outlook across various factors. With high scores in resilience and momentum, the company appears well-positioned to withstand market fluctuations and capitalize on positive trends. Additionally, strong values in areas such as dividend and growth indicate potential for long-term stability and expansion. As a banking and financial services company operating globally, NatWest Group’s diverse portfolio of offerings including personal and business banking, loans, mortgages, and insurance services, positions it well for sustained growth.
Overall, NatWest Group’s favorable scores in value, dividend, growth, resilience, and momentum suggest a robust foundation for future performance in the banking and financial services sector. With a focus on providing a range of comprehensive financial solutions to clients worldwide, the company’s strategic positioning and strong performance indicators bode well for its continued success in the long run.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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