BRIEF-Barclays Reports Annual Profit Before Tax Of £8.1 Bln

Feb 13 (Reuters) - Barclays PLC BARC.L:

• FY24 GROUP STATUTORY ROTE OF 10.5% (TARGET OF GREATER THAN 10%)

• FY24 GROUP NET INTEREST INCOME (NII) EXCLUDING BARCLAYS INVESTMENT BANK (IB) AND HEAD OFFICE OF £11.2BN

• TOTAL CAPITAL DISTRIBUTIONS OF £3.0BN ANNOUNCED IN RELATION TO 2024, BROADLY IN LINE WITH 2023 AS GUIDED

• INTENTION TO INITIATE A FURTHER SHARE BUYBACK OF UP TO £1.0BN

• FY24 GROUP COST: INCOME RATIO OF 62% (C.63% FY24 TARGET)

• FY24 CET1 RATIO OF 13.6%, WITHIN TARGET RANGE OF 13-14%

• FY24 GROUP STATUTORY ROTE WAS 10.5% (2023: 9.0%) WITH PROFIT BEFORE TAX OF £8.1BN (2023: £6.6BN)

• OUTLOOK 2025 RETURNS ROTE OF C.11%

• OUTLOOK 2025 GROUP NII EXCLUDING IB AND HEAD OFFICE OF C.£12.2BN

• FY 24 GROUP INCOME OF £26.8BN INCREASED 6% YEAR-ON-YEAR, AND 4% YEAR-ON-YEAR EXCLUDING NET £0.3BN IMPACT OF INORGANIC ACTIVITY

• OUTLOOK 2025 GROUP COST: INCOME RATIO OF C.61%

• OUTLOOK 2025 IMPAIRMENT: LLR OF 50-60BPS THROUGH CYCLE

• FY 24 CREDIT IMPAIRMENT CHARGES WERE £2.0BN

• FY 24 INVESTMENT BANK (IB) INCOME INCREASED 7%, WITH GLOBAL MARKETS INCOME INCREASING BY 4% AND INVESTMENT BANKING INCOME INCREASING BY 12%

• OUTLOOK 2025 CET1 RATIO TARGET RANGE OF 13-14%

• PLAN TO RETURN AT LEAST £10BN OF CAPITAL TO SHAREHOLDERS BETWEEN 2024 AND 2026

• DIVIDENDS WILL CONTINUE TO BE PAID SEMI-ANNUALLY

• OUTLOOK 2026 GROUP TOTAL INCOME OF C.£30BN

• COMPANY COMPILED ANALYSTS ESTIMATE FOR 2024 PBT CAME AT 8.07 BILLION POUNDS