AIB Group

Results and distributions ahead with 2025 upgrade

  • Sectors : Banks
  • Companies : AIB Group

Ratings and price correct at time of issue.

  • AIB Group

    Closing Price: 648c

  • RATING 23/01/19

  • PREVIOUS RATING 14/08/18

    NEUTRAL

DAVY VIEW

AIB has reported another strong set of results for FY 2024 with highlights of better income and impairments, good lending momentum and material distributions. The proposed buyback will support the state exit by mid-year. The group also reiterated 2026 targets, including 15% RoCET1; however, with 2025 guidance pointing to an outcome meaningfully ahead of 15%, this now looks somewhat conservative and will support further material returns of capital in the coming years.

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Mar 5 2025, 07:10 GMT

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