Barclays plc revealed on Thursday that its full-year 2024 total income amounted to £26.8 billion, rising 5.5% compared to the same timeframe a year earlier. For the twelve months ending December 31, 2024, operating expenses were £16.7 billion, while attributable profit landed at £5.3 billion, jumping 24% on an annual level. For the reported period, the bank's CET1 ratio came in at 13.6%. Diluted earnings per share for the full fiscal year increased by 30% compared to 2023 to 36 pence.
In the fourth quarter of fiscal 2024, total income climbed by 24% on an annual basis to £7 billion, total operating expenses stood at £4.6 billion, and attributable profit amounted to £965 million.
"Our new guidance for 2025, including Group RoTE of c.11%, represents an important next step in the journey towards our 2026 targets, including Group RoTE of greater than 12%. We have also announced a share grant for our colleagues to further align their work with shareholders' interests and enable them to benefit tangibly from the firm's progress and success," CEO C. S. Venkatakrishnan commented.
