Financial highlights
Consolidated financial highlights and share data
Main components of the Statement of recognised income in HUF million
1Q 2023 | 4Q 2023 | 1Q 2024 | Q-o-Q | Y-o-Y | |
---|---|---|---|---|---|
Consolidated profit after tax | 194 762 | 132 581 | 239 962 | 81% | 23% |
Adjustments (after tax) (total) | 88 535 | -80 657 | 0 | -100% | -100% |
Consolidated adjusted profit after tax | 106 227 | 213 238 | 239 962 | 13% | 126% |
Pre-tax profit | 230 348 | 289 725 | 341 231 | 18% | 48% |
Operating profit | 239 196 | 337 312 | 334 330 | -1% | 40% |
Total income | 467 167 | 624 519 | 597 615 | -4% | 28% |
Net interest income | 310 767 | 425 634 | 435 345 | 2% | 40% |
Net fees and commissions | 103 220 | 132 039 | 121 161 | -8% | 17% |
Other net non-interest income | 53 180 | 66 847 | 41 109 | -39% | -23% |
Operating expenses | -227 972 | -287 208 | -263 286 | -8% | 15% |
Total risk costs | -8 848 | -47 587 | 6 902 | -115% | -178% |
Corporate taxes | -124 121 | -76 487 | -101 270 | 32% | -18% |
1Q 2023
4Q 2023
1Q 2024
Q-o-Q
Y-o-Y
- Consolidated profit after tax194 762
- Adjustments (after tax) (total)88 535
- Consolidated adjusted profit after tax106 227
- Pre-tax profit230 348
- Operating profit239 196
- Total income467 167
- Net interest income310 767
- Net fees and commissions103 220
- Other net non-interest income53 180
- Operating expenses-227 972
- Total risk costs-8 848
- Corporate taxes-124 121
- Consolidated profit after tax132 581
- Adjustments (after tax) (total)-80 657
- Consolidated adjusted profit after tax213 238
- Pre-tax profit289 725
- Operating profit337 312
- Total income624 519
- Net interest income425 634
- Net fees and commissions132 039
- Other net non-interest income66 847
- Operating expenses-287 208
- Total risk costs-47 587
- Corporate taxes-76 487
- Consolidated profit after tax239 962
- Adjustments (after tax) (total)0
- Consolidated adjusted profit after tax239 962
- Pre-tax profit341 231
- Operating profit334 330
- Total income597 615
- Net interest income435 345
- Net fees and commissions121 161
- Other net non-interest income41 109
- Operating expenses-263 286
- Total risk costs6 902
- Corporate taxes-101 270
- Consolidated profit after tax81%
- Adjustments (after tax) (total)-100%
- Consolidated adjusted profit after tax13%
- Pre-tax profit18%
- Operating profit-1%
- Total income-4%
- Net interest income2%
- Net fees and commissions-8%
- Other net non-interest income-39%
- Operating expenses-8%
- Total risk costs-115%
- Corporate taxes32%
- Consolidated profit after tax23%
- Adjustments (after tax) (total)-100%
- Consolidated adjusted profit after tax126%
- Pre-tax profit48%
- Operating profit40%
- Total income28%
- Net interest income40%
- Net fees and commissions17%
- Other net non-interest income-23%
- Operating expenses15%
- Total risk costs-178%
- Corporate taxes-18%
Main components of the adjusted balance sheet (closing balances in HUF million)
1Q 2023 | 4Q 2023 | 1Q 2024 | Q-o-Q | Y-o-Y | |
---|---|---|---|---|---|
Total assets | 36 175 001 | 39 609 144 | 41 481 987 | 5% | 15% |
Total customer loans (net, FX adjusted) | 20 344 688 | 22 001 252 | 22 320 541 | 1% | 10% |
Total customer loans (gross, FX adjusted) | 21 346 840 | 23 047 604 | 23 348 380 | 1% | 9% |
Performing (Stage 1+2) customer loans (gross, FX-adjusted) | 20 362 090 | 22 051 558 | 22 354 191 | 1% | 10% |
Allowances for possible loan losses (FX adjusted) | -1 002 153 | -1 046 352 | -1 027 839 | -2% | 3% |
Total customer deposits (FX adjusted) | 28 099 931 | 30 187 285 | 30 432 829 | 1% | 8% |
Issued securities | 1 098 612 | 2 095 548 | 2 207 077 | 5% | 101% |
Subordinated loans | 551 492 | 562 396 | 591 181 | 5% | 7% |
Total shareholders' equity | 3 378 194 | 4 094 793 | 4 438 980 | 8% | 31% |
1Q 2023
4Q 2023
1Q 2024
Q-o-Q
Y-o-Y
- Total assets36 175 001
- Total customer loans (net, FX adjusted)20 344 688
- Total customer loans (gross, FX adjusted)21 346 840
- Performing (Stage 1+2) customer loans (gross, FX-adjusted)20 362 090
- Allowances for possible loan losses (FX adjusted)-1 002 153
- Total customer deposits (FX adjusted)28 099 931
- Issued securities1 098 612
- Subordinated loans551 492
- Total shareholders' equity3 378 194
- Total assets39 609 144
- Total customer loans (net, FX adjusted)22 001 252
- Total customer loans (gross, FX adjusted)23 047 604
- Performing (Stage 1+2) customer loans (gross, FX-adjusted)22 051 558
- Allowances for possible loan losses (FX adjusted)-1 046 352
- Total customer deposits (FX adjusted)30 187 285
- Issued securities2 095 548
- Subordinated loans562 396
- Total shareholders' equity4 094 793
- Total assets41 481 987
- Total customer loans (net, FX adjusted)22 320 541
- Total customer loans (gross, FX adjusted)23 348 380
- Performing (Stage 1+2) customer loans (gross, FX-adjusted)22 354 191
- Allowances for possible loan losses (FX adjusted)-1 027 839
- Total customer deposits (FX adjusted)30 432 829
- Issued securities2 207 077
- Subordinated loans591 181
- Total shareholders' equity4 438 980
- Total assets5%
- Total customer loans (net, FX adjusted)1%
- Total customer loans (gross, FX adjusted)1%
- Performing (Stage 1+2) customer loans (gross, FX-adjusted)1%
- Allowances for possible loan losses (FX adjusted)-2%
- Total customer deposits (FX adjusted)1%
- Issued securities5%
- Subordinated loans5%
- Total shareholders' equity8%
- Total assets15%
- Total customer loans (net, FX adjusted)10%
- Total customer loans (gross, FX adjusted)9%
- Performing (Stage 1+2) customer loans (gross, FX-adjusted)10%
- Allowances for possible loan losses (FX adjusted)3%
- Total customer deposits (FX adjusted)8%
- Issued securities101%
- Subordinated loans7%
- Total shareholders' equity31%
Indicators based on adjusted earnings %
1Q 2023 | 4Q 2023 | 1Q 2024 | Q-o-Q | Y-o-Y | |
---|---|---|---|---|---|
ROE (from profit after tax) | 24.0% | 12.9% | 22.7% | 9.7%p | -1.3%p |
ROE (from adjusted profit after tax) | 13.1% | 20.8% | 22.7% | 1.9%p | 9.6%p |
ROA (from profit after tax) | 2.3% | 1.3% | 2.4% | 1.0%p | 0.1%p |
ROA (from adjusted profit after tax) | 1.2% | 2.1% | 2.4% | 0.2%p | 1.1%p |
Operating profit margin | 2.81% | 3.38% | 3.31% | -0.08%p | 0.50%p |
Total income margin | 5.49% | 6.26% | 5.91% | -0.36%p | 0.42%p |
Net interest margin | 3.65% | 4.27% | 4.30% | 0.03%p | 0.65%p |
Cost-to-asset ratio | 2.68% | 2.88% | 2.60% | -0.28%p | -0.07%p |
Cost/income ratio | 48.8% | 46.0% | 44.1% | -1.9%p | -4.7%p |
Provision for impairment on loan losses-to-average gross loans ratio | 0.12% | 0.68% | -0.17% | -0.85%p | -0.28%p |
Total risk cost-to-asset ratio | 0.10% | 0.48% | -0.07% | -0.55%p | -0.17%p |
Effective tax rate | 53.9% | 26.4% | 29.7% | 3.3%p | -24.2%p |
Net loan/(deposit+retail bond) ratio (FX adjusted) | 72% | 72% | 73% | 1%p | 1%p |
Capital adequacy ratio (consolidated, IFRS) - Basel3 | 17.2% | 18.9% | 19.0% | 0.1%p | 1.8%p |
Tier1 ratio - Basel3 | 14.8% | 16.6% | 16.7% | 0.1%p | 1.9%p |
Common Equity Tier 1 ('CET1') ratio - Basel3 | 14.8% | 16.6% | 16.7% | 0.1%p | 1.9%p |
1Q 2023
4Q 2023
1Q 2024
Q-o-Q
Y-o-Y
- ROE (from profit after tax)24.0%
- ROE (from adjusted profit after tax)13.1%
- ROA (from profit after tax)2.3%
- ROA (from adjusted profit after tax)1.2%
- Operating profit margin2.81%
- Total income margin5.49%
- Net interest margin3.65%
- Cost-to-asset ratio2.68%
- Cost/income ratio48.8%
- Provision for impairment on loan losses-to-average gross loans ratio0.12%
- Total risk cost-to-asset ratio0.10%
- Effective tax rate53.9%
- Net loan/(deposit+retail bond) ratio (FX adjusted)72%
- Capital adequacy ratio (consolidated, IFRS) - Basel317.2%
- Tier1 ratio - Basel314.8%
- Common Equity Tier 1 ('CET1') ratio - Basel314.8%
- ROE (from profit after tax)12.9%
- ROE (from adjusted profit after tax)20.8%
- ROA (from profit after tax)1.3%
- ROA (from adjusted profit after tax)2.1%
- Operating profit margin3.38%
- Total income margin6.26%
- Net interest margin4.27%
- Cost-to-asset ratio2.88%
- Cost/income ratio46.0%
- Provision for impairment on loan losses-to-average gross loans ratio0.68%
- Total risk cost-to-asset ratio0.48%
- Effective tax rate26.4%
- Net loan/(deposit+retail bond) ratio (FX adjusted)72%
- Capital adequacy ratio (consolidated, IFRS) - Basel318.9%
- Tier1 ratio - Basel316.6%
- Common Equity Tier 1 ('CET1') ratio - Basel316.6%
- ROE (from profit after tax)22.7%
- ROE (from adjusted profit after tax)22.7%
- ROA (from profit after tax)2.4%
- ROA (from adjusted profit after tax)2.4%
- Operating profit margin3.31%
- Total income margin5.91%
- Net interest margin4.30%
- Cost-to-asset ratio2.60%
- Cost/income ratio44.1%
- Provision for impairment on loan losses-to-average gross loans ratio-0.17%
- Total risk cost-to-asset ratio-0.07%
- Effective tax rate29.7%
- Net loan/(deposit+retail bond) ratio (FX adjusted)73%
- Capital adequacy ratio (consolidated, IFRS) - Basel319.0%
- Tier1 ratio - Basel316.7%
- Common Equity Tier 1 ('CET1') ratio - Basel316.7%
- ROE (from profit after tax)9.7%p
- ROE (from adjusted profit after tax)1.9%p
- ROA (from profit after tax)1.0%p
- ROA (from adjusted profit after tax)0.2%p
- Operating profit margin-0.08%p
- Total income margin-0.36%p
- Net interest margin0.03%p
- Cost-to-asset ratio-0.28%p
- Cost/income ratio-1.9%p
- Provision for impairment on loan losses-to-average gross loans ratio-0.85%p
- Total risk cost-to-asset ratio-0.55%p
- Effective tax rate3.3%p
- Net loan/(deposit+retail bond) ratio (FX adjusted)1%p
- Capital adequacy ratio (consolidated, IFRS) - Basel30.1%p
- Tier1 ratio - Basel30.1%p
- Common Equity Tier 1 ('CET1') ratio - Basel30.1%p
- ROE (from profit after tax)-1.3%p
- ROE (from adjusted profit after tax)9.6%p
- ROA (from profit after tax)0.1%p
- ROA (from adjusted profit after tax)1.1%p
- Operating profit margin0.50%p
- Total income margin0.42%p
- Net interest margin0.65%p
- Cost-to-asset ratio-0.07%p
- Cost/income ratio-4.7%p
- Provision for impairment on loan losses-to-average gross loans ratio-0.28%p
- Total risk cost-to-asset ratio-0.17%p
- Effective tax rate-24.2%p
- Net loan/(deposit+retail bond) ratio (FX adjusted)1%p
- Capital adequacy ratio (consolidated, IFRS) - Basel31.8%p
- Tier1 ratio - Basel31.9%p
- Common Equity Tier 1 ('CET1') ratio - Basel31.9%p
Share Data
1Q 2023 | 4Q 2023 | 1Q 2024 | Q-o-Q | Y-o-Y | |
---|---|---|---|---|---|
EPS diluted (HUF) (from profit after tax) | 723 | 494 | 895 | 81% | 24% |
EPS diluted (HUF) (from adjusted profit after tax) | 395 | 797 | 898 | 13% | 127% |
Closing price (HUF) | 9 982 | 15 800 | 16 800 | 6% | 68% |
Highest closing price (HUF) | 11 550 | 16 030 | 17 520 | 9% | 52% |
Lowest closing price (HUF) | 9 482 | 13 130 | 15 600 | 19% | 65% |
Market Capitalization (EUR billion) | 7.3 | 11.6 | 11.9 | 3% | 62% |
Book Value Per Share (HUF) | 12 571 | 15 305 | 16 611 | 9% | 32% |
Tangible Book Value Per Share (HUF) | 11 930 | 14 599 | 15 892 | 9% | 33% |
Price/Book Value | 0.8 | 1.0 | 1.0 | -2% | 27% |
Price/Tangible Book Value | 0.8 | 1.1 | 1.1 | -2% | 26% |
P/E (trailing, from profit after tax) | 4.9 | 4.5 | 4.5 | 2% | -7% |
P/E (trailing, from adjusted profit after tax) | 4.6 | 4.9 | 4.5 | -7% | -1% |
Average daily turnover (EUR million) | 14 | 16 | 18 | 17% | 32% |
Average daily turnover (million share) | 0.5 | 0.4 | 0.4 | 2% | -18% |
1Q 2023
4Q 2023
1Q 2024
Q-o-Q
Y-o-Y
- EPS diluted (HUF) (from profit after tax)723
- EPS diluted (HUF) (from adjusted profit after tax)395
- Closing price (HUF)9 982
- Highest closing price (HUF)11 550
- Lowest closing price (HUF)9 482
- Market Capitalization (EUR billion)7.3
- Book Value Per Share (HUF)12 571
- Tangible Book Value Per Share (HUF)11 930
- Price/Book Value0.8
- Price/Tangible Book Value0.8
- P/E (trailing, from profit after tax)4.9
- P/E (trailing, from adjusted profit after tax)4.6
- Average daily turnover (EUR million)14
- Average daily turnover (million share)0.5
- EPS diluted (HUF) (from profit after tax)494
- EPS diluted (HUF) (from adjusted profit after tax)797
- Closing price (HUF)15 800
- Highest closing price (HUF)16 030
- Lowest closing price (HUF)13 130
- Market Capitalization (EUR billion)11.6
- Book Value Per Share (HUF)15 305
- Tangible Book Value Per Share (HUF)14 599
- Price/Book Value1.0
- Price/Tangible Book Value1.1
- P/E (trailing, from profit after tax)4.5
- P/E (trailing, from adjusted profit after tax)4.9
- Average daily turnover (EUR million)16
- Average daily turnover (million share)0.4
- EPS diluted (HUF) (from profit after tax)895
- EPS diluted (HUF) (from adjusted profit after tax)898
- Closing price (HUF)16 800
- Highest closing price (HUF)17 520
- Lowest closing price (HUF)15 600
- Market Capitalization (EUR billion)11.9
- Book Value Per Share (HUF)16 611
- Tangible Book Value Per Share (HUF)15 892
- Price/Book Value1.0
- Price/Tangible Book Value1.1
- P/E (trailing, from profit after tax)4.5
- P/E (trailing, from adjusted profit after tax)4.5
- Average daily turnover (EUR million)18
- Average daily turnover (million share)0.4
- EPS diluted (HUF) (from profit after tax)81%
- EPS diluted (HUF) (from adjusted profit after tax)13%
- Closing price (HUF)6%
- Highest closing price (HUF)9%
- Lowest closing price (HUF)19%
- Market Capitalization (EUR billion)3%
- Book Value Per Share (HUF)9%
- Tangible Book Value Per Share (HUF)9%
- Price/Book Value-2%
- Price/Tangible Book Value-2%
- P/E (trailing, from profit after tax)2%
- P/E (trailing, from adjusted profit after tax)-7%
- Average daily turnover (EUR million)17%
- Average daily turnover (million share)2%
- EPS diluted (HUF) (from profit after tax)24%
- EPS diluted (HUF) (from adjusted profit after tax)127%
- Closing price (HUF)68%
- Highest closing price (HUF)52%
- Lowest closing price (HUF)65%
- Market Capitalization (EUR billion)62%
- Book Value Per Share (HUF)32%
- Tangible Book Value Per Share (HUF)33%
- Price/Book Value27%
- Price/Tangible Book Value26%
- P/E (trailing, from profit after tax)-7%
- P/E (trailing, from adjusted profit after tax)-1%
- Average daily turnover (EUR million)32%
- Average daily turnover (million share)-18%
For further information please view the following pages
Annual reports
Annual reports of OTP Bank
Read moreBSE quarterly reports
Regular BSE quarterly reports, interim management reports and the condensed IFRS financial reports
Read moreIFRS reports
Financial statements in accordance with International Financial Reporting Standards (IFRS)
Read moreSustainability reports
Sustainability reports reviewing the corporate responsibility activities of the OTP Group
Read moreCorporate governance reports
Corporate governance reports providing annual discloure on the corporate governance system of OTP Bank
Read moreDisclosure requirement
Disclosure requirement according to Basel II
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