Habib Metropolitan Bank Limited (HMB): 4QCY24 EPS clocks-in at PKR 5.6; PAT up 12%YoY/down 21%QoQ - By Taurus Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">4QCY24 EPS: PKR 5.6. 4QCY24 PAT up 12%YoY. CY24 EPS: PKR 23.8. CY24 PAT up 2%YoY &ndash; in line with expectations. HMB also announced a final cash dividend of PKR 4.5/sh., taking the full year payout to PKR 12.0/sh.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net Interest Income (NII): Up 2%YoY/5%QoQ with the Bank most likely benefitting from the re-pricing lag between assets and liabilities following reduction in the policy rate by the SBP, with the cost of funds falling more than the interest income.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Non-Markup Income (NMI): Up 42%YoY/12%QoQ. Wherein, fee income remained flat on a sequential basis. H...