AIB Group, Plc (A5G.F), an Irish lender, on Wednesday reported an increase in annual earnings.
In addition, the bank said it has received regulatory approval from the European Central Bank to repurchase 1.2 billion euros of shares.
For the 12-month period to December 31, 2024, the bank posted a pre-tax income of 2.702 billion euros, higher than last year's 2.394 billion euros.
Net profit improved to 2.354 billion euros, or 92.5 cents per share, as against 2.061 billion euros, or 75.7 cents per share, in the previous year. Operating profit stood at 2.678 billion euros, compared with 2.408 billion euros a year ago.
Total operating income was 4.928 billion euros, up from the prior year's 4.722 billion euros. Net interest income moved up to 4.129 billion euros from last year's 3.841 billion euros. Fee and commission income was 845 million euros as against 806 million euros in 2023.
The company will pay a dividend of 36.984 cents per share on May 9 to shareholders on the register as of March 28. This represents an increase of 39.2 percent over the cash dividend of 26.568 cents per share of the prior year.
Looking ahead, for the full-year 2025, the company expects net interest income of over 3.6 billion euros.
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