Standard Chartered’s profit up 17% to $4.04b in 2024

Its earnings per share is 141.3 cents.

Standard Chartered PLC has logged a profit of $4.04b for 2024, its latest financial results showed. This is 17% year-on-year (YoY) higher than the $3.47b it earned in 2023.

Profit attributable to parent company shareholders is $4.05b, whilst profit attributable to ordinary shareholders is $3.59b.

Reported earnings per share for 2024 is 141.3 cents.

Standard Chartered’s net interest margin (NIM) is 1.94%, 27 basis points (bp) higher than 2023’s 1.67%.

Operating income for 2024 is $19.54b, an 8% YoY increase from the previous year. Operating expenses also expanded 8% YoY to $12.5b, from just $11.5b a year earlier.

Its Common Equity Tier 1 (CET1) ratio is 14.2% in 2024, from 14.1% in 2023. Total capital ratio is 21.5%.

Total assets as of end-2024 is $849.69b, whilst total loans and advances to customers is $281.03b.