BTV Vier Länder Bank (BTS) Q3 2024 earnings summary

Executive summary

• Net profit before tax rose by 13.5% year-over-year to €237.7 million; net profit after tax increased by 14.5% to €198.2 million.

• Total assets stood at €14.7 billion, with customer loans up 2.6% and customer deposits up 1.0% since year-end 2023.

• Regulatory capital ratios improved, with CET1 and total capital ratios at 15.4% and 17.9%, respectively.

• The cost-income ratio increased to 45.1% from 42.7% year-over-year.

Financial highlights

• Net interest income grew by 9.3% year-over-year to €201.1 million.

• Risk provisions in lending dropped by 63.0% to €6.3 million.

• Net fee and commission income rose by 5.9% to €44.8 million.

• Operating expenses increased by 18.1% to €198.6 million, mainly due to higher personnel and administrative costs.

• Other operating income surged by 28.4% to €125.8 million, driven by consolidated cable car operations.

Outlook and guidance

• Full-year 2024 pre-tax group profit is expected in the range of €210–230 million, reflecting ongoing economic and geopolitical uncertainties.

• Final audited results for 2024 will be published on April 10, 2025.