Ankündigung • Jul 21
Bawag Group Ag Reconfirms Revenue Guidance for the Year 2026 BAWAG Group AG reconfirmed target for 2026 with net profit >€960 million. The mid-term targets will be updated with year-end results. Reported Earnings • Jul 21
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: €522.0m (up 7.9% from 2Q 2025). Net income: €255.0m (up 37% from 2Q 2025). Profit margin: 49% (up from 39% in 2Q 2025). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Banks industry in the United Kingdom. Ankündigung • Apr 22
BAWAG Group AG Reconfirms Earnings Guidance for 2026 BAWAG Group AG reconfirm earnings guidance for 2026. The company continues to execute its established strategy and reconfirms its target for 2026 net profit of > €960 million. Reported Earnings • Apr 21
First quarter 2026 earnings released: EPS: €3.02 (vs €2.54 in 1Q 2025) First quarter 2026 results: EPS: €3.02 (up from €2.54 in 1Q 2025). Revenue: €514.3m (up 8.4% from 1Q 2025). Net income: €232.3m (up 16% from 1Q 2025). Profit margin: 45% (up from 42% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 17
Upcoming dividend of €6.25 per share Eligible shareholders must have bought the stock before 24 April 2026. Payment date: 29 April 2026. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (3.9%). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €152, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in the United Kingdom. Total returns to shareholders of 296% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €277 per share. Ankündigung • Apr 11
BAWAG Group AG announces Annual dividend, payable on April 29, 2026 BAWAG Group AG announced Annual dividend of EUR 2.2000 per share payable on April 29, 2026, ex-date on April 24, 2026 and record date on April 27, 2026. Ankündigung • Mar 19
Permanent TSB Group Holdings Confirms BAWAG Group AG is Participating in Formal Sale Process Permanent TSB Group Holdings plc (ISE:PTSB) ("PTSB" or the "Company") notes the recent media speculation and confirms that BAWAG Group AG (WBAG:BG) ("BAWAG") is one of a number of parties participating in the Formal Sale Process which was announced by PTSB on October 30, 2025. The Formal Sale Process remains ongoing, and PTSB continues to engage with all parties participating in the Formal Sale Process. Shareholders are advised that this announcement does not represent a firm intention by BAWAG or any other party to make an offer under Rule 2.7 of the Irish Takeover Rules and there can be no certainty that any offers will be made, that any sale or other transaction will be concluded, nor as to the terms on which any offer or other transaction may be made. The objective of the Formal Sale Process remains the same; to identify a new owner that will enable PTSB to continue building on its recent strategic and financial progress, and to support the Company in the next phase of its growth and strategic development. PTSB is an important part of the retail banking sector and wider Irish economy, and its continued sustainable growth is critical to ensuring competition in the market and providing choice to consumers. There is no impact to customers as a result of this announcement, and PTSB's operations, products and services remain unaffected by the Formal Sale Process. PTSB continues to support and service customers as normal. A further announcement will be made at the appropriate time. As announced on October 30, 2025, the Irish Takeover Panel has agreed that any discussions with third parties may be conducted within the context of the Formal Sale Process. Accordingly, BAWAG will not be subject to the 42-day deadline referred to in Rule 2.6(a) of the Irish Takeover Rules for so long as it is participating in the Formal Sale Process. PTSB continues to be in an offer period as defined in the Irish Takeover Rules and the dealing disclosure requirements set out below continue to apply. Ankündigung • Mar 12
Bawag Reportedly Ends Talks to Buy Finance Ireland Without Deal BAWAG Group AG (WBAG:BG) has ended talks to buy nonbank lender Finance Ireland (Finance Ireland Plc) without a deal, according to sources. The development comes as the Vienna-based group is known to be continuing to pursue PTSB, the 57% State-owned bank. The reasons for the breakdown in talks between Bawag and the owners of Finance Ireland, led by US investment group Pimco, are not clear. Spokesmen for Finance Ireland and Pimco declined to comment, while representatives for Bawag did not respond to requests for comment. Online publication the Currency first reported in January that Bawag was in exclusive negotiations to purchase Finance Ireland, a provider of car, commercial property, agri and small-business loans, for between EUR 250 million and EUR 300 million. PTSB had previously made a takeover approach for Finance Ireland in late 2024 to reduce its dependence on income from mortgage lending, The Irish Times reported last April. Sources said at the time that PTSB remained interested in doing a deal. PTSB chief executive Eamonn Crowley described Finance Ireland as a fine business when asked by reporters on the approach last May, but declined to be drawn further. The overtures had gone nowhere by the time PTSB put itself up for sale in October. Sources said last month that PTSB is targeting late March for second-round takeover offers, with Bawag and New York investment firm Centerbridge Partners among parties still circling the State-controlled bank. Lone Star, the Texas-based private equity giant led by Irish passport holder John Grayken, is also among those that committed resources to assessing a PTSB offer. Goldman Sachs is running the sale process for PTSB. Ankündigung • Feb 27
PTSB Reportedly Selects Late March for Bids as Bawag and Centerbridge Circle Markets Correspondent PTSB (Permanent TSB Group Holdings plc (ISE:PTSB)) is targeting late March for second-round takeover offers, with Austrian banking group Bawag (BAWAG Group AG (WBAG:BG)) and New York investment firm Centerbridge Partners (Centerbridge Partners, L.P.) said to be among parties still circling the State-controlled bank, according to sources. Lone Star (Lone Star Americas Acquisitions, Inc.), the Texas-based private equity giant led by Irish passport holder John Grayken, also counts among those that committed resources to assessing a PTSB offer, sources said. However, it is not clear whether it remains in the mix. Goldman Sachs is running the sale process for PTSB. Spokeswomen for PTSB and Centerbridge and a spokesman for Lone Star declined to comment. Representatives for Bawag did not respond to a request for comment. The sensitive stage means that PTSB chief executive Eamonn Crowley will be restricted in what he can say on the process when he presides over the announcement of the bank s annual results next Thursday. Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: €11.17 (vs €9.40 in FY 2024) Full year 2025 results: EPS: €11.17 (up from €9.40 in FY 2024). Revenue: €1.99b (up 31% from FY 2024). Net income: €859.9m (up 17% from FY 2024). Profit margin: 43% (down from 49% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 32% per year. Ankündigung • Dec 09
BAWAG Group AG, Annual General Meeting, Apr 22, 2026 BAWAG Group AG, Annual General Meeting, Apr 22, 2026. Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: €2.77 (vs €2.25 in 3Q 2024) Third quarter 2025 results: EPS: €2.77 (up from €2.25 in 3Q 2024). Revenue: €502.2m (up 37% from 3Q 2024). Net income: €218.5m (up 23% from 3Q 2024). Profit margin: 44% (down from 49% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 32% per year. Ankündigung • Oct 22
BAWAG Group AG Provides Earnings Guidance for the Year 2025 BAWAG Group AG provided earnings guidance for the year 2025. For the year, the company expects to exceed its 2025 targets of a net profit of EUR 800 million and earnings per share of more than EUR 10. Ankündigung • Jul 28
BAWAG Group AG to Report Q3, 2025 Results on Oct 22, 2025 BAWAG Group AG announced that they will report Q3, 2025 results on Oct 22, 2025 Reported Earnings • Jul 24
Second quarter 2025 earnings released: EPS: €2.65 (vs €2.08 in 2Q 2024) Second quarter 2025 results: EPS: €2.65 (up from €2.08 in 2Q 2024). Revenue: €499.9m (up 40% from 2Q 2024). Net income: €210.2m (up 29% from 2Q 2024). Profit margin: 42% (down from 46% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 36% per year. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: €2.54 (vs €2.11 in 1Q 2024) First quarter 2025 results: EPS: €2.54 (up from €2.11 in 1Q 2024). Revenue: €474.6m (up 34% from 1Q 2024). Net income: €201.0m (up 20% from 1Q 2024). Profit margin: 42% (down from 47% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €80.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in the United Kingdom. Total returns to shareholders of 130% over the past three years. Upcoming Dividend • Apr 01
Upcoming dividend of €5.50 per share Eligible shareholders must have bought the stock before 08 April 2025. Payment date: 11 April 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of British dividend payers (6.1%). Higher than average of industry peers (4.8%). Declared Dividend • Mar 06
Dividend increased to €5.50 Dividend of €5.50 is 10% higher than last year. Ex-date: 8th April 2025 Payment date: 11th April 2025 Dividend yield will be 5.3%, which is lower than the industry average of 6.5%. Sustainability & Growth Dividend is covered by earnings (57% payout ratio) and is expected to be covered in 3 years' time (53% forecast payout ratio). The dividend has increased by an average of 38% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: €9.68 (vs €8.05 in FY 2023) Full year 2024 results: EPS: €9.68 (up from €8.05 in FY 2023). Revenue: €1.55b (up 10% from FY 2023). Net income: €760.0m (up 15% from FY 2023). Profit margin: 49% (up from 47% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 32% per year. Ankündigung • Jan 27
BAWAG Group AG, Annual General Meeting, Apr 04, 2025 BAWAG Group AG, Annual General Meeting, Apr 04, 2025. Ankündigung • Nov 01
BAWAG Group AG (WBAG:BG) completed the acquisition Knab Bank from ASR Nederland N.V. (ENXTAM:ASRNL). BAWAG Group AG (WBAG:BG) signed an agreement to acquire Knab Bank from ASR Nederland N.V. (ENXTAM:ASRNL) for €510 million on February 1, 2024. The acquisition will expand BAWAG Group’s footprint in the Dutch Retail and SME banking space and position it for future growth in one of the bank’s core markets.BAWAG Group will work with the current leadership team to continue growing its Retail and SME business in the Netherlands. The deployment of the proceeds of the Transaction will be part of the capital management plan. Until the closing of the Transaction, nothing will change for customers and employees of Knab. The transaction, subject to customary closing conditions, including regulatory approvals and an advice from the a.s.r. works council and it is expected to close in the second half of 2024. As of October 25, 2024, the transaction has received all necessary regulatory approvals for the acquisition of Knab, a bank based in the Netherlands. The transaction has recently received European Central Bank approval for the acquisition of Dutch online bank Knab. The deal is expected to close within days. The Transaction will have a positive impact on a.s.r.’s Solvency II ratio of approximately 13 percentage points. Lieke van der Velden, Michaëla Ulrici and Willem Bijveld, Jacqueline Clement, Mauricette Schaufeli, Paul van der Bijl, Koen Biesma, Homme ten Have, Joris Willems, Marlous Schrijvers, Larissa Silverentand, Roderick Watson and Nina Kielman of NautaDutilh N.V. acted as legal advisor to ASR Nederland on the transaction.
BAWAG Group AG (WBAG:BG) completed the acquisition Knab Bank from ASR Nederland N.V. (ENXTAM:ASRNL) on November 1, 2024. New Risk • Oct 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (26% net profit margin). Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: €2.25 (vs €2.25 in 3Q 2023) Third quarter 2024 results: EPS: €2.25 (in line with 3Q 2023). Revenue: €754.7m (up 105% from 3Q 2023). Net income: €178.0m (down 4.1% from 3Q 2023). Profit margin: 24% (down from 51% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Banks industry in the United Kingdom are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Oct 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 26% Last year net profit margin: 46% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (26% net profit margin). New Risk • Sep 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Jul 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 19
Second quarter 2024 earnings released: EPS: €2.22 (vs €2.05 in 2Q 2023) Second quarter 2024 results: EPS: €2.22 (up from €2.05 in 2Q 2023). Revenue: €363.5m (up 11% from 2Q 2023). Net income: €175.2m (up 3.9% from 2Q 2023). Profit margin: 48% (down from 52% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Jul 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.8% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: €2.13 (vs €1.69 in 1Q 2023) First quarter 2024 results: EPS: €2.13 (up from €1.69 in 1Q 2023). Revenue: €353.8m (up 2.2% from 1Q 2023). Net income: €166.9m (up 20% from 1Q 2023). Profit margin: 47% (up from 40% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 03
Upcoming dividend of €5.00 per share Eligible shareholders must have bought the stock before 10 April 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 8.6%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (6.5%). New Risk • Mar 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 11
Full year 2023 earnings released: EPS: €8.05 (vs €3.38 in FY 2022) Full year 2023 results: EPS: €8.05 (up from €3.38 in FY 2022). Revenue: €1.40b (up 54% from FY 2022). Net income: €658.6m (up 124% from FY 2022). Profit margin: 47% (up from 32% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.90% (up from 2.33% in FY 2022). Cost-to-income ratio: 31.8% (down from 35.9% in FY 2022). Non-performing loans: 1.33% (up from 1.11% in FY 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 04
Dividend increased to €5.00 Dividend of €5.00 is 35% higher than last year. Ex-date: 10th April 2024 Payment date: 15th April 2024 Dividend yield will be 9.8%, which is higher than the industry average of 6.5%. Sustainability & Growth Dividend is covered by earnings (84% payout ratio) and is expected to be covered in 3 years' time (57% forecast payout ratio). The dividend has increased by an average of 36% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Feb 01
BAWAG Group AG (WBAG:BG) signed an agreement to acquire Knab Bank from ASR Nederland N.V. (ENXTAM:ASRNL) for €510 million. BAWAG Group AG (WBAG:BG) signed an agreement to acquire Knab Bank from ASR Nederland N.V. (ENXTAM:ASRNL) for €510 million on February 1, 2024. The acquisition will expand BAWAG Group’s footprint in the Dutch Retail and SME banking space and position it for future growth in one of the bank’s core markets.BAWAG Group will work with the current leadership team to continue growing its Retail and SME business in the Netherlands. The deployment of the proceeds of the Transaction will be part of the capital management plan. The transaction, subject to customary closing conditions, including regulatory approvals and an advice from the a.s.r. works council and it is expected to close in the second half of 2024. New Risk • Jan 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.0% increase in shares outstanding). New Risk • Dec 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Ankündigung • Dec 02
BAWAG Group AG (WBAG:BG) completed the acquisition of Peak Bancorp Inc. (OTCPK:IDFB). BAWAG Group AG (WBAG:BG) signed an agreement to acquire Peak Bancorp Inc. (OTCPK:IDFB) for $64.4 million on February 1, 2022. The transaction represents a diluted per share price of $12.05. BAWAG Group will work with the current leadership team of Idaho First Bank, subsidiary of Peak Bancorp, to continue growing its community banking focused business in Idaho and adjacent market.
The transaction was approved by the Board of Directors of Peak Bancorp. The transaction is subject to regulatory approval and the approval of the shareholders of Peak Bancorp. As of March 8, 2023, transaction has received shareholder approval from Peak Bancorp. As of November 2, 2023, parties received all regulatory approvals required for the transaction. The closing of the deal will be scheduled for November 30, 2023.
Ben Barnhill, Brennan Ryan, John Willis and Ann Murray of Nelson Mullins Riley & Scarborough LLP acted as legal advisors to Peak. Matthew Taratus, Joseph Gulash, Stephen Gunlock of Keefe, Bruyette & Woods, Inc. acted as Financial Advisor to Peak Bancorp Inc.
BAWAG Group AG (WBAG:BG) completed the acquisition of Peak Bancorp Inc. (OTCPK:IDFB) on November 30, 2023. Ankündigung • Nov 05
Credit Agricole, BAWAG Reportedly Set to Submit Binding Bids for Barclays German Unit French bank Crédit Agricole S.A. (ENXTPA:ACA) and Austria's BAWAG Group AG (WBAG:BG) are set to submit binding bids for Barclays PLC (LSE:BARC)’s German consumer finance unit this week, two people familiar with the matter told Reuters. The banks are vying for the German business alongside private equity firm bidders Warburg Pincus LLC and Centerbridge Partners, L.P. in the second stage of the process, the people said, speaking on condition of anonymity. Binding bids are due this week with final bidder selection later this month, the sources said. The hope is to sign a deal this year, one of the sources said, while cautioning that the timeline could slip. Barclays, Credit Agricole, BAWAG and Warburg Pincus declined to comment. Centerbridge did not immediately return requests for comment. The Hamburg-based Barclays unit reported a loan book, or assets, of GBP 4 billion ($4.89 billion) at the end of June. Bidders need to have an existing banking license to go ahead with the transaction, Reuters reported earlier this year. The sale in Germany is separate to Barclays payments review, which involves exploring the sale of a stake in the unit that processes payments for UK merchants. Ankündigung • Nov 01
BAWAG Group AG, Annual General Meeting, Apr 08, 2024 BAWAG Group AG, Annual General Meeting, Apr 08, 2024. Reported Earnings • Oct 22
Third quarter 2023 earnings released: EPS: €2.25 (vs €0.66 loss in 3Q 2022) Third quarter 2023 results: EPS: €2.25 (up from €0.66 loss in 3Q 2022). Revenue: €367.8m (up €321.0m from 3Q 2022). Net income: €185.7m (up €243.9m from 3Q 2022). Profit margin: 51% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: €2.20 (vs €1.37 in 2Q 2022) Second quarter 2023 results: EPS: €2.20 (up from €1.37 in 2Q 2022). Revenue: €366.4m (up 42% from 2Q 2022). Net income: €180.8m (up 49% from 2Q 2022). Profit margin: 49% (up from 47% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • May 01
First quarter 2023 earnings released First quarter 2023 results: Revenue: €346.2m (up 13% from 1Q 2022). Net income: €139.6m (up 26% from 1Q 2022). Profit margin: 40% (up from 36% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Banks industry in the United Kingdom. Upcoming Dividend • Mar 28
Upcoming dividend of €3.70 per share at 8.9% yield Eligible shareholders must have bought the stock before 04 April 2023. Payment date: 06 April 2023. Trailing yield: 8.9%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (5.0%). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €47.39, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total returns to shareholders of 182% over the past three years. Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: €3.73 (vs €5.13 in FY 2021) Full year 2022 results: EPS: €3.73 (down from €5.13 in FY 2021). Revenue: €947.7m (down 6.2% from FY 2021). Net income: €318.3m (down 30% from FY 2021). Profit margin: 34% (down from 45% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Banks industry in the United Kingdom. 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 10% per year. Ankündigung • Feb 13
BAWAG Group AG Proposes Dividend for Financial Year 2022 BAWAG Group AG proposed dividend for financial year 2022. For the year, the company proposed dividend of EUR 3.70 per share, equal to EUR 305 million, for approval at AGM in March. Reported Earnings • Oct 21
Third quarter 2022 earnings released: €0.66 loss per share (vs €1.38 profit in 3Q 2021) Third quarter 2022 results: €0.66 loss per share (down from €1.38 profit in 3Q 2021). Revenue: €46.8m (down 84% from 3Q 2021). Net loss: €58.2m (down 147% from profit in 3Q 2021). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: €1.50 (vs €1.20 in 2Q 2021) Second quarter 2022 results: EPS: €1.50 (up from €1.20 in 2Q 2021). Revenue: €301.0m (up 34% from 2Q 2021). Net income: €133.7m (up 25% from 2Q 2021). Profit margin: 44% (down from 47% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 27%, compared to a 6.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 16% share price gain to €44.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Banks industry in the United Kingdom. Total returns to shareholders of 41% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: €1.25 (vs €0.83 in 1Q 2021) First quarter 2022 results: EPS: €1.25 (up from €0.83 in 1Q 2021). Revenue: €305.2m (up 12% from 1Q 2021). Net income: €110.9m (up 51% from 1Q 2021). Profit margin: 36% (up from 27% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 1.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €5.39 (up from €3.06 in FY 2020). Revenue: €1.13b (up 26% from FY 2020). Net income: €479.9m (up 78% from FY 2020). Profit margin: 42% (up from 30% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.27% (down from 2.29% in FY 2020). Cost-to-income ratio: 39.5% (down from 44.3% in FY 2020). Non-performing loans: 1.87% (down from 2.11% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 2.0% growth forecast for the banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS €1.39 (vs €0.90 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €285.6m (up 19% from 3Q 2020). Net income: €123.2m (up 56% from 3Q 2020). Profit margin: 43% (up from 33% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 29
Upcoming dividend of €4.72 per share Eligible shareholders must have bought the stock before 06 October 2021. Payment date: 08 October 2021. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (2.8%). Reported Earnings • Jul 28
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €225.1m (up 25% from 2Q 2020). Net income: €119.2m (up 122% from 2Q 2020). Profit margin: 53% (up from 30% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS €0.83 (vs €0.69 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €271.9m (up 13% from 1Q 2020). Net income: €73.6m (up 20% from 1Q 2020). Profit margin: 27% (up from 25% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS €3.06 (vs €4.54 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €901.7m (down 20% from FY 2019). Net income: €269.2m (down 39% from FY 2019). Profit margin: 30% (down from 40% in FY 2019). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.29% (down from 2.30% in FY 2019). Cost-to-income ratio: 44.3% (up from 42.7% in FY 2019). Non-performing loans: 2.11% (down from 2.24% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 03
Upcoming Dividend of €0.46 Per Share Will be paid on the 12th of March to those who are registered shareholders by the 10th of March. The trailing yield of 6.1% is in the top quartile of British dividend payers (4.5%), and it is higher than industry peers (2.1%). Reported Earnings • Feb 11
Full year 2020 earnings released: EPS €3.19 (vs €4.54 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €947.7m (down 16% from FY 2019). Net income: €284.2m (down 36% from FY 2019). Profit margin: 30% (down from 40% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 10
New 90-day high: €41.41 The company is up 17% from its price of €35.53 on 12 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.03 per share. Is New 90 Day High Low • Jan 08
New 90-day high: €39.38 The company is up 18% from its price of €33.36 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.88 per share. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 16% share price gain to €37.40, the stock is trading at a trailing P/E ratio of 10.7x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 11x in the Banks industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 7.0%. Is New 90 Day High Low • Nov 10
New 90-day high: €34.80 The company is up 8.0% from its price of €32.22 on 11 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.74 per share. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 1.6% at €290.2m. Revenue is forecast to grow 28% over the next year, compared to a 17% growth forecast for the Banks industry in the United Kingdom. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of €302.4m, down 32% from the prior year. Total revenue was €932.9m over the last 12 months, down 16% from the prior year. Is New 90 Day High Low • Sep 26
New 90-day low: €29.54 The company is down 2.0% from its price of €30.02 on 26 June 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €38.55 per share. 
