Upcoming Dividend • Apr 27
Upcoming dividend of CHF20.00 per share Eligible shareholders must have bought the stock before 04 May 2026. Payment date: 06 May 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Swiss dividend payers (3.6%). In line with average of industry peers (2.9%). Announcement • Mar 12
St. Galler Kantonalbank AG, Annual General Meeting, Apr 29, 2026 St. Galler Kantonalbank AG, Annual General Meeting, Apr 29, 2026, at 17:00 W. Europe Standard Time. Declared Dividend • Feb 13
Dividend increased to CHF20.00 Dividend of CHF20.00 is 5.3% higher than last year. Ex-date: 4th May 2026 Payment date: 6th May 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (53% payout ratio) and is expected to be covered in 3 years' time (52% forecast payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 6.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 12
Full year 2025 earnings released Full year 2025 results: Revenue: CHF589.7m (up 7.5% from FY 2024). Net income: CHF227.0m (up 5.5% from FY 2024). Profit margin: 39% (in line with FY 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Banks industry in Switzerland. Announcement • Feb 12
St. Galler Kantonalbank AG announces Annual dividend, payable on May 06, 2026 St. Galler Kantonalbank AG announced Annual dividend of CHF 20.0000 per share payable on May 06, 2026, ex-date on May 04, 2026 and record date on May 05, 2026. Reported Earnings • Aug 14
First half 2025 earnings released First half 2025 results: Revenue: CHF295.4m (up 10.0% from 1H 2024). Net income: CHF114.1m (up 14% from 1H 2024). Profit margin: 39% (up from 37% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Banks industry in Switzerland. Board Change • May 07
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Stefan Scheiber was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 28
Upcoming dividend of CHF19.00 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 07 May 2025. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Swiss dividend payers (4.1%). In line with average of industry peers (3.7%). Announcement • Mar 20
St. Galler Kantonalbank AG, Annual General Meeting, Apr 30, 2025 St. Galler Kantonalbank AG, Annual General Meeting, Apr 30, 2025, at 17:00 W. Europe Standard Time. Reported Earnings • Mar 06
Full year 2024 earnings released Full year 2024 results: Revenue: CHF548.5m (down 2.6% from FY 2023). Net income: CHF215.1m (up 3.8% from FY 2023). Profit margin: 39% (up from 37% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Banks industry in Switzerland. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 19
First half 2024 earnings released: EPS: CHF16.77 (vs CHF18.12 in 1H 2023) First half 2024 results: EPS: CHF16.77 (down from CHF18.12 in 1H 2023). Revenue: CHF268.5m (down 4.2% from 1H 2023). Net income: CHF100.4m (down 7.4% from 1H 2023). Profit margin: 37% (down from 39% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Banks industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Buy Or Sell Opportunity • May 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.4% to CHF458. The fair value is estimated to be CHF574, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 6.4%. Upcoming Dividend • Apr 26
Upcoming dividend of CHF19.00 per share Eligible shareholders must have bought the stock before 03 May 2024. Payment date: 07 May 2024. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Swiss dividend payers (4.1%). Higher than average of industry peers (3.7%). Reported Earnings • Mar 18
Full year 2023 earnings released: EPS: CHF34.63 (vs CHF30.71 in FY 2022) Full year 2023 results: EPS: CHF34.63 (up from CHF30.71 in FY 2022). Revenue: CHF562.9m (up 14% from FY 2022). Net income: CHF207.2m (up 13% from FY 2022). Profit margin: 37% (in line with FY 2022). Cost-to-income ratio: 49.7% (down from 54.4% in FY 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Banks industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Feb 16
Full year 2023 earnings released Full year 2023 results: Revenue: CHF562.9m (up 14% from FY 2022). Net income: CHF207.2m (up 13% from FY 2022). Profit margin: 37% (in line with FY 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Banks industry in Switzerland. New Risk • Sep 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. New Risk • Sep 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Major Estimate Revision • Aug 04
Consensus revenue estimates increase by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CHF526.6m to CHF607.0m. EPS estimate unchanged from CHF36.50 at last update. Banks industry in Switzerland expected to see average net income growth of 8.6% next year. Consensus price target of CHF575 unchanged from last update. Share price was steady at CHF498 over the past week. Board Change • Jul 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Chairman of the Board Roland Ledergerberr was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 28
Upcoming dividend of CHF17.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 05 May 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Swiss dividend payers (4.3%). In line with average of industry peers (3.5%). Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: CHF30.71 (vs CHF30.29 in FY 2021) Full year 2022 results: EPS: CHF30.71 (up from CHF30.29 in FY 2021). Revenue: CHF495.0m (down 4.6% from FY 2021). Net income: CHF183.8m (up 1.4% from FY 2021). Profit margin: 37% (up from 35% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Chairman of the Board Roland Ledergerberr was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 29
Upcoming dividend of CHF17.00 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 10 May 2022. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Swiss dividend payers (3.8%). In line with average of industry peers (3.7%). Reported Earnings • Aug 22
First half 2021 earnings released: EPS CHF15.70 (vs CHF13.97 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CHF245.3m (up 2.5% from 1H 2020). Net income: CHF93.9m (up 12% from 1H 2020). Profit margin: 38% (up from 35% in 1H 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Executive Departure • May 04
Chairman of the Management Board Roland Ledergerber has left the company On the 1st of May, Roland Ledergerber's tenure as Chairman of the Management Board ended after 18.9 years in the role. We don't have any record of a personal shareholding under Roland's name. A total of 3 executives have left over the last 12 months. Upcoming Dividend • Apr 30
Upcoming dividend of CHF16.00 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 11 May 2021. Trailing yield: 3.7%. Within top quartile of Swiss dividend payers (3.6%). In line with average of industry peers (3.5%). Reported Earnings • Mar 24
Full year 2020 earnings released: EPS CHF27.93 (vs CHF28.30 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CHF486.7m (up 1.6% from FY 2019). Net income: CHF167.2m (up 2.0% from FY 2019). Profit margin: 34% (in line with FY 2019). Cost-to-income ratio: 55.4% (down from 56.0% in FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 13
New 90-day high: CHF428 The company is up 5.0% from its price of CHF409 on 11 December 2020. The Swiss market is also up 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Banks industry, which is up 1.0% over the same period. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue beats expectations Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to stay flat compared to a 3.8% growth forecast for the Banks industry in Switzerland. Reported Earnings • Feb 20
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CHF486.7m (up 1.6% from FY 2019). Net income: CHF167.2m (up 2.0% from FY 2019). Profit margin: 34% (in line with FY 2019). Is New 90 Day High Low • Nov 26
New 90-day high: CHF425 The company is up 2.0% from its price of CHF418 on 28 August 2020. The Swiss market is also up 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Banks industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 21
New 90-day low: CHF389 The company is down 7.0% from its price of CHF419 on 23 July 2020. The Swiss market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 2.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: CHF401 The company is down 6.0% from its price of CHF425 on 24 June 2020. The Swiss market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 2.0% over the same period.