View ValuationErste Group Bank 将来の成長Future 基準チェック /36Erste Group Bank利益と収益がそれぞれ年間9.9%と10.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に15.3% 10.3%なると予測されています。主要情報9.9%収益成長率10.33%EPS成長率Banks 収益成長8.2%収益成長率10.9%将来の株主資本利益率15.35%アナリストカバレッジGood最終更新日18 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • May 02First quarter 2026 earnings released: EPS: €2.15 (vs €1.80 in 1Q 2025)First quarter 2026 results: EPS: €2.15 (up from €1.80 in 1Q 2025). Revenue: €3.50b (up 29% from 1Q 2025). Net income: €878.5m (up 28% from 1Q 2025). Profit margin: 25% (in line with 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Apr 20Now 21% undervaluedOver the last 90 days, the stock has risen 1.3% to RON538. The fair value is estimated to be RON679, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period.Upcoming Dividend • Apr 15Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 9.1% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Romanian dividend payers (6.5%). Lower than average of industry peers (4.6%).お知らせ • Feb 27Erste Group Bank AG announces Annual dividend, payable on April 24, 2026Erste Group Bank AG announced Annual dividend of EUR 0.7500 per share payable on April 24, 2026, ex-date on April 22, 2026 and record date on April 23, 2026.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: €9.04 (vs €7.20 in FY 2024)Full year 2025 results: EPS: €9.04 (up from €7.20 in FY 2024). Revenue: €11.2b (up 3.6% from FY 2024). Net income: €3.51b (up 17% from FY 2024). Profit margin: 31% (up from 28% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Feb 24Now 21% undervaluedOver the last 90 days, the stock has risen 11% to RON526. The fair value is estimated to be RON667, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.お知らせ • Dec 09Erste Group Bank AG, Annual General Meeting, Apr 17, 2026Erste Group Bank AG, Annual General Meeting, Apr 17, 2026.Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: €2.20 (vs €2.14 in 3Q 2024)Third quarter 2025 results: EPS: €2.20 (up from €2.14 in 3Q 2024). Revenue: €2.78b (up 2.7% from 3Q 2024). Net income: €901.0m (up 1.7% from 3Q 2024). Profit margin: 32% (in line with 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 22+ 4 more updatesErste Group Bank AG to Report Q3, 2026 Results on Oct 30, 2026Erste Group Bank AG announced that they will report Q3, 2026 results on Oct 30, 2026お知らせ • Oct 03Erste Group Bank AG (WBAG:EBS) agreed to acquire an additional 5.40% stake in ERSTE d.o.o. - drustvo za upravljanje obveznim i dobrovoljnim mirovinskim fondovima from Zavarovalnica Triglav, d.d. (LJSE:ZVTG).Erste Group Bank AG (WBAG:EBS) agreed to acquire an additional 5.40% stake in ERSTE d.o.o. - drustvo za upravljanje obveznim i dobrovoljnim mirovinskim fondovima from Zavarovalnica Triglav, d.d. (LJSE:ZVTG) on October 1, 2025. The deal will lift Erste Group Bank AG's direct and indirect holding in ERSTE d.o.o. to 50.6%, making it the majority shareholder through its Erste&Steiermaerkische Bank and Steiermaerkische Bank und Sparkassen AG. ERSTE d.o.o. has more than 550,000 members. The deal is subject to regulatory approvals.Buy Or Sell Opportunity • Aug 27Now 20% undervaluedOver the last 90 days, the stock has risen 15% to RON412. The fair value is estimated to be RON516, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.Reported Earnings • Aug 03Second quarter 2025 earnings released: EPS: €2.25 (vs €1.98 in 2Q 2024)Second quarter 2025 results: EPS: €2.25 (up from €1.98 in 2Q 2024). Revenue: €2.77b (up 2.6% from 2Q 2024). Net income: €921.0m (up 8.9% from 2Q 2024). Profit margin: 33% (up from 31% in 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Jul 22Now 20% undervaluedOver the last 90 days, the stock has risen 20% to RON381. The fair value is estimated to be RON479, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period.Upcoming Dividend • May 19Upcoming dividend of €3.00 per shareEligible shareholders must have bought the stock before 26 May 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Romanian dividend payers (6.9%). Lower than average of industry peers (5.4%).Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to RON347, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Banks industry in Europe. Total returns to shareholders of 203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RON418 per share.Reported Earnings • May 02First quarter 2025 earnings released: EPS: €1.82 (vs €1.75 in 1Q 2024)First quarter 2025 results: EPS: €1.82 (up from €1.75 in 1Q 2024). Revenue: €2.72b (flat on 1Q 2024). Net income: €743.0m (up 3.3% from 1Q 2024). Profit margin: 27% (in line with 1Q 2024). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 28Erste Group Weighs Buying 49% of Santander’s Polish UnitErste Group Bank AG (WBAG:EBS) is exploring buying a major stake in Banco Santander, S.A. (BME:SAN)’s Polish unit, seizing an opportunity to expand in one of Europe’s fastest-growing markets. Austria’s largest lender is in talks with the Spanish bank about acquiring 49% of Santander Bank Polska S.A. (WSE:SPL), Erste said in a statement April 28, 2025 that confirmed an earlier Bloomberg News report. The stake is valued at around €7.3 billion ($8 billion) based on the most recent stock price. It’s not clear if the talks will lead to an agreement, Erste said. A spokesperson for Santander didn’t respond to an earlier request for comment. Under the proposed terms, Erste would effectively gain control of the Polish lender as its largest single shareholder despite not having a majority holding, people familiar with the matter said. By buying less than 50%, Erste will avoid triggering a mandatory tender for the remaining shares in the bank. A deal between Vienna-based Erste and Spain’s biggest bank would be one of the largest banking transactions in Europe in recent years. Bloomberg reported in early April that Banco Santander was exploring a sale of its 62% stake in its Polish unit to refocus on other markets. The deal would deliver on Erste Group Chief Executive Officer Peter Bosek’s ambitions to expand into Poland, made after his return to Vienna last year from Luminor Group. Any transaction would require regulatory approval from the European Central Bank and the national banking authorities. That would likely be granted given that it is an deal within the European Union and wouldn’t create a dominant market position or any other distortions, some of the people said.New Risk • Apr 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Romanian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Apr 04Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.0% to RON284. The fair value is estimated to be RON384, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 1.2% per annum over the same time period.Declared Dividend • Mar 24Dividend of €3.00 announcedShareholders will receive a dividend of €3.00. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 0.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (42% payout ratio) and is expected to be well covered in 3 years' time (46% forecast payout ratio). The dividend has increased by an average of 31% per year over the past 10 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.お知らせ • Mar 23Erste Group Bank AG announces Annual dividend, payable on May 28, 2025Erste Group Bank AG announced Annual dividend of EUR 3.0000 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025.Reported Earnings • Mar 04Full year 2024 earnings released: EPS: €7.75 (vs €6.81 in FY 2023)Full year 2024 results: EPS: €7.75 (up from €6.81 in FY 2023). Revenue: €10.8b (up 4.8% from FY 2023). Net income: €3.13b (up 7.8% from FY 2023). Profit margin: 29% (in line with FY 2023). Net interest margin (NIM): 2.46% (down from 2.50% in FY 2023). Cost-to-income ratio: 47.2% (down from 47.6% in FY 2023). Non-performing loans: 2.81% (up from 2.29% in FY 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 13The Chiba Bank, Ltd. (TSE:8331), Erste Group Bank AG (WBAG:EBS), Bank of Taiwan and Mega International Commercial Bank Co., Ltd. agreed to acquire Performing loan asset of CTBC Bank Co.,Ltd. for $60 million.The Chiba Bank, Ltd. (TSE:8331), Erste Group Bank AG (WBAG:EBS), Bank of Taiwan and Mega International Commercial Bank Co., Ltd. agreed to acquire Performing loan asset of CTBC Bank Co.,Ltd. for $60 million on February 12, 2025. A cash consideration of $60 million will be paid by The Chiba Bank, Ltd., Erste Group Bank AG, Bank Taiwan and Mega International Commercial Bank Co., Ltd. As part of consideration, $60 million is paid towards assets of Performing loan asset of CTBC Bank Co.,Ltd.Buy Or Sell Opportunity • Feb 03Now 20% undervaluedOver the last 90 days, the stock has risen 9.7% to RON289. The fair value is estimated to be RON363, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings are forecast to decline by 1.8% per annum over the same time period.お知らせ • Dec 02Erste Group Bank AG, Annual General Meeting, May 21, 2025Erste Group Bank AG, Annual General Meeting, May 21, 2025.Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €2.71b (up 6.9% from 3Q 2023). Net income: €886.0m (up 8.1% from 3Q 2023). Profit margin: 33% (in line with 3Q 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Europe.お知らせ • Oct 28+ 4 more updatesErste Group Bank AG to Report First Half, 2025 Results on Aug 01, 2025Erste Group Bank AG announced that they will report first half, 2025 results on Aug 01, 2025Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: €1.98 (vs €1.98 in 2Q 2023)Second quarter 2024 results: EPS: €1.98 (up from €1.98 in 2Q 2023). Revenue: €2.70b (up 1.6% from 2Q 2023). Net income: €846.0m (up 1.0% from 2Q 2023). Profit margin: 31% (in line with 2Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Jun 15Now 20% undervaluedOver the last 90 days, the stock has risen 8.9% to RON210. The fair value is estimated to be RON262, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are forecast to decline by 6.5% per annum over the same time period.Upcoming Dividend • May 20Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 5.7%. Lower than top quartile of Romanian dividend payers (6.8%). In line with average of industry peers (6.3%).Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: €1.87 (vs €1.39 in 1Q 2023)First quarter 2024 results: EPS: €1.87 (up from €1.39 in 1Q 2023). Revenue: €2.69b (up 6.8% from 1Q 2023). Net income: €783.3m (up 32% from 1Q 2023). Profit margin: 29% (up from 24% in 1Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: €7.43 (vs €4.83 in FY 2022)Full year 2023 results: EPS: €7.43 (up from €4.83 in FY 2022). Revenue: €10.4b (up 26% from FY 2022). Net income: €3.00b (up 45% from FY 2022). Profit margin: 29% (up from 25% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.New Risk • Mar 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% 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: Major Risk Earnings are forecast to decline by an average of 5.9% 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 (3.4% increase in shares outstanding).Reported Earnings • Oct 30Third quarter 2023 earnings released: EPS: €1.92 (vs €1.19 in 3Q 2022)Third quarter 2023 results: EPS: €1.92 (up from €1.19 in 3Q 2022). Revenue: €2.54b (up 31% from 3Q 2022). Net income: €819.7m (up 61% from 3Q 2022). Profit margin: 32% (up from 26% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 14Erste Group Bank AG to Report Fiscal Year 2023 Results on Feb 29, 2024Erste Group Bank AG announced that they will report fiscal year 2023 results on Feb 29, 2024お知らせ • Oct 13+ 4 more updatesErste Group Bank AG to Report First Half, 2024 Results on Aug 02, 2024Erste Group Bank AG announced that they will report first half, 2024 results on Aug 02, 2024Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: €2.09 (vs €1.49 in 2Q 2022)Second quarter 2023 results: EPS: €2.09 (up from €1.49 in 2Q 2022). Revenue: €2.67b (up 23% from 2Q 2022). Net income: €896.3m (up 41% from 2Q 2022). Profit margin: 34% (up from 29% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.New Risk • Jul 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% 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 Risks Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Jul 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.09% 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 Risks Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Jun 28Erste Group Bank AG Appoints Ulrike Gehmacher as Head of Sustainability Effective July 1, 2023Erste Group Bank AG announced the appointment of Ulrike Gehmacher as its new head of sustainability. The appointment is effective from July 1. In the position, Gehmacher is to lead the firm's environmental, social and governance office. She is joining the firm from Immofinanz, an Austrian real estate company.お知らせ • May 13Erste Group Bank AG Approves Election of Mag. Christiane Tusek to the Supervisory BoardErste Group Bank AG at its AGM held on May 2, 2023, approved Election of Mag. Christiane Tusek to the Supervisory Board.Upcoming Dividend • May 09Upcoming dividend of €1.90 per share at 5.7% yieldEligible shareholders must have bought the stock before 16 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 5.7%. Lower than top quartile of Romanian dividend payers (8.0%). In line with average of industry peers (6.0%).Reported Earnings • May 05First quarter 2023 earnings released: EPS: €1.39 (vs €1.05 in 1Q 2022)First quarter 2023 results: EPS: €1.39 (up from €1.05 in 1Q 2022). Revenue: €2.52b (up 27% from 1Q 2022). Net income: €593.6m (up 32% from 1Q 2022). Profit margin: 24% (in line with 1Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to RON152, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RON303 per share.Reported Earnings • Mar 03Full year 2022 earnings released: EPS: €5.32 (vs €4.17 in FY 2021)Full year 2022 results: EPS: €5.32 (up from €4.17 in FY 2021). Revenue: €8.27b (up 9.1% from FY 2021). Net income: €2.16b (up 22% from FY 2021). Profit margin: 26% (up from 23% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to RON140, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 4.1% over the past three years.お知らせ • Oct 18+ 2 more updatesErste Group Bank AG to Report First Half, 2023 Results on Jul 31, 2023Erste Group Bank AG announced that they will report first half, 2023 results on Jul 31, 2023Reported Earnings • Aug 03Second quarter 2022 earnings released: EPS: €1.62 (vs €1.15 in 2Q 2021)Second quarter 2022 results: EPS: €1.62 (up from €1.15 in 2Q 2021). Revenue: €2.20b (up 15% from 2Q 2021). Net income: €688.2m (up 22% from 2Q 2021). Profit margin: 31% (up from 29% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.7%, compared to a 21% growth forecast for the industry in Romania. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 16Upcoming dividend of €1.60 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 5.7%. Lower than top quartile of Romanian dividend payers (6.5%). Lower than average of industry peers (6.6%).Reported Earnings • May 01First quarter 2022 earnings released: EPS: €1.05 (vs €0.78 in 1Q 2021)First quarter 2022 results: EPS: €1.05 (up from €0.78 in 1Q 2021). Revenue: €1.98b (up 10% from 1Q 2021). Net income: €448.8m (up 59% from 1Q 2021). Profit margin: 23% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.5%, compared to a 9.0% growth forecast for the industry in Romania. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 23% share price gain to RON151, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Banks industry in Europe. Total returns to shareholders of 3.2% over the past three years.Reported Earnings • Mar 04Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €4.74 (up from €1.57 in FY 2020). Revenue: €7.58b (up 29% from FY 2020). Net income: €1.92b (up 188% from FY 2020). Profit margin: 25% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.9%, compared to a 9.3% growth forecast for the banks industry in Romania. 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.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to RON162, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Banks industry in Europe. Total returns to shareholders of 12% over the past three years.Upcoming Dividend • Nov 23Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 30 November 2021. Payment date: 02 December 2021. Trailing yield: 1.3%. Lower than top quartile of Romanian dividend payers (5.5%). Lower than average of industry peers (3.0%).Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS €1.25 (vs €0.81 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.98b (up 22% from 3Q 2020). Net income: €533.4m (up 55% from 3Q 2020). Profit margin: 27% (up from 21% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS €1.32 (vs €0.14 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.91b (up 60% from 2Q 2020). Net income: €562.9m (up €504.4m from 2Q 2020). Profit margin: 29% (up from 4.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% 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 • May 18Upcoming dividend of €0.50 per shareEligible shareholders must have bought the stock before 25 May 2021. Payment date: 27 May 2021. Trailing yield: 1.5%. Lower than top quartile of Romanian dividend payers (5.4%). Lower than average of industry peers (2.7%).Reported Earnings • May 03First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.79b (up 12% from 1Q 2020). Net income: €355.1m (up 93% from 1Q 2020). Profit margin: 20% (up from 12% 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 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 02Full year 2020 earnings released: EPS €1.93 (vs €3.23 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €5.86b (down 19% from FY 2019). Net income: €783.1m (down 43% from FY 2019). Profit margin: 13% (down from 19% 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 14% per year whereas the company’s share price has fallen by 12% per year.Is New 90 Day High Low • Feb 24New 90-day high: RON133The company is up 11% from its price of RON120 on 26 November 2020. The Romanian market is up 10.0% 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 RON140 per share.Is New 90 Day High Low • Feb 05New 90-day high: RON131The company is up 48% from its price of RON88.58 on 06 November 2020. The Romanian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON138 per share.Is New 90 Day High Low • Jan 06New 90-day high: RON125The company is up 38% from its price of RON90.30 on 08 October 2020. The Romanian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON125 per share.Is New 90 Day High Low • Dec 04New 90-day high: RON122The company is up 24% from its price of RON98.04 on 04 September 2020. The Romanian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON85.75 per share.Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 17% share price gain to €104, the stock is trading at a trailing P/E ratio of 11.8x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 10x in the Banks industry in Europe. Total return to shareholders over the past three years is a loss of 34%.Is New 90 Day High Low • Nov 11New 90-day high: RON104The company is up 3.0% from its price of RON101 on 13 August 2020. The Romanian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON89.39 per share.Analyst Estimate Surprise Post Earnings • Nov 04Revenue beats expectationsRevenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 14%, compared to a 18% growth forecast for the Banks industry in Romania.Is New 90 Day High Low • Oct 14New 90-day low: RON85.20The company is down 22% from its price of RON110 on 16 July 2020. The Romanian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON91.01 per share.Is New 90 Day High Low • Sep 25New 90-day low: RON88.44The company is down 12% from its price of RON101 on 26 June 2020. The Romanian 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 down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON93.09 per share.業績と収益の成長予測BVB:EBS - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202817,3764,761N/AN/A1012/31/202716,4514,360N/AN/A1312/31/202615,8023,885N/AN/A113/31/202611,9983,507-4,362-3,567N/A12/31/202511,2143,371-3,677-2,924N/A9/30/202510,9663,105-4,776-4,060N/A6/30/202510,8943,091-3,472-2,693N/A3/31/202510,8123,016-11,601-10,828N/A12/31/202410,7892,992-17,439-16,693N/A9/30/202410,6223,100-4,795-4,180N/A6/30/202410,4473,0332,7483,270N/A3/31/202410,4113,074-872-444N/A12/31/202310,2312,899-1,623-1,095N/A9/30/20239,8572,722-2,043-1,584N/A6/30/20239,2612,412-13,418-12,908N/A3/31/20238,7682,160-12,202-11,635N/A12/31/20228,2302,065-18,174-17,695N/A9/30/20227,9831,990-25,432-24,961N/A6/30/20228,0192,013-24,117-23,708N/A3/31/20227,7611,869-22,344-21,818N/A12/31/20217,5781,776-15,429-14,881N/A9/30/20217,1301,462-13,107-12,392N/A6/30/20216,7731,272-6,946-6,254N/A3/31/20216,052840-8,160-7,577N/A12/31/20205,861669-5,437-4,888N/A9/30/20206,200779-6,871-6,350N/A6/30/20206,383927-14,617-14,152N/A3/31/20207,0201,223-8,898-8,383N/A12/31/20197,2231,378N/A-11,710N/A9/30/20197,2011,711N/A-11,562N/A6/30/20197,1511,674N/A-12,421N/A3/31/20197,0571,757N/A-17,461N/A12/31/20186,9711,717N/A-15,828N/A9/30/20186,9661,480N/A-17,388N/A6/30/20186,9201,389N/A-19,534N/A3/31/20186,8321,313N/A-8,227N/A12/31/20176,6931,255N/A-11,221N/A9/30/20176,5361,049N/A-10,674N/A6/30/20176,4351,024N/A-3,466N/A3/31/20176,6481,217N/A-11,538N/A12/31/20166,6441,248N/A-4,385N/A9/30/20166,8531,369N/A-3,239N/A6/30/20166,8181,308N/A-1,384N/A3/31/20166,4991,014N/A1,644N/A12/31/20156,441968N/A386N/A9/30/20156,064806N/A-1,232N/A6/30/20155,325-25N/A-1,328N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: EBSの予測収益成長率 (年間9.9% ) は 貯蓄率 ( 6.8% ) を上回っています。収益対市場: EBSの収益 ( 9.9% ) はRO市場 ( 9.5% ) よりも速いペースで成長すると予測されています。高成長収益: EBSの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: EBSの収益 ( 10.9% ) RO市場 ( 4.7% ) よりも速いペースで成長すると予測されています。高い収益成長: EBSの収益 ( 10.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: EBSの 自己資本利益率 は、3年後には低くなると予測されています ( 15.3 %)。成長企業の発掘7D1Y7D1Y7D1YBanks 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 04:08終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Erste Group Bank AG 13 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。31 アナリスト機関Ivan BokhmatBarclaysKrishnendra DubeyBarclaysEoin MullanyBerenberg28 その他のアナリストを表示
Reported Earnings • May 02First quarter 2026 earnings released: EPS: €2.15 (vs €1.80 in 1Q 2025)First quarter 2026 results: EPS: €2.15 (up from €1.80 in 1Q 2025). Revenue: €3.50b (up 29% from 1Q 2025). Net income: €878.5m (up 28% from 1Q 2025). Profit margin: 25% (in line with 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Apr 20Now 21% undervaluedOver the last 90 days, the stock has risen 1.3% to RON538. The fair value is estimated to be RON679, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period.
Upcoming Dividend • Apr 15Upcoming dividend of €0.75 per shareEligible shareholders must have bought the stock before 22 April 2026. Payment date: 24 April 2026. Payout ratio is a comfortable 9.1% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Romanian dividend payers (6.5%). Lower than average of industry peers (4.6%).
お知らせ • Feb 27Erste Group Bank AG announces Annual dividend, payable on April 24, 2026Erste Group Bank AG announced Annual dividend of EUR 0.7500 per share payable on April 24, 2026, ex-date on April 22, 2026 and record date on April 23, 2026.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: €9.04 (vs €7.20 in FY 2024)Full year 2025 results: EPS: €9.04 (up from €7.20 in FY 2024). Revenue: €11.2b (up 3.6% from FY 2024). Net income: €3.51b (up 17% from FY 2024). Profit margin: 31% (up from 28% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Feb 24Now 21% undervaluedOver the last 90 days, the stock has risen 11% to RON526. The fair value is estimated to be RON667, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
お知らせ • Dec 09Erste Group Bank AG, Annual General Meeting, Apr 17, 2026Erste Group Bank AG, Annual General Meeting, Apr 17, 2026.
Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: €2.20 (vs €2.14 in 3Q 2024)Third quarter 2025 results: EPS: €2.20 (up from €2.14 in 3Q 2024). Revenue: €2.78b (up 2.7% from 3Q 2024). Net income: €901.0m (up 1.7% from 3Q 2024). Profit margin: 32% (in line with 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 22+ 4 more updatesErste Group Bank AG to Report Q3, 2026 Results on Oct 30, 2026Erste Group Bank AG announced that they will report Q3, 2026 results on Oct 30, 2026
お知らせ • Oct 03Erste Group Bank AG (WBAG:EBS) agreed to acquire an additional 5.40% stake in ERSTE d.o.o. - drustvo za upravljanje obveznim i dobrovoljnim mirovinskim fondovima from Zavarovalnica Triglav, d.d. (LJSE:ZVTG).Erste Group Bank AG (WBAG:EBS) agreed to acquire an additional 5.40% stake in ERSTE d.o.o. - drustvo za upravljanje obveznim i dobrovoljnim mirovinskim fondovima from Zavarovalnica Triglav, d.d. (LJSE:ZVTG) on October 1, 2025. The deal will lift Erste Group Bank AG's direct and indirect holding in ERSTE d.o.o. to 50.6%, making it the majority shareholder through its Erste&Steiermaerkische Bank and Steiermaerkische Bank und Sparkassen AG. ERSTE d.o.o. has more than 550,000 members. The deal is subject to regulatory approvals.
Buy Or Sell Opportunity • Aug 27Now 20% undervaluedOver the last 90 days, the stock has risen 15% to RON412. The fair value is estimated to be RON516, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 10% per annum over the same time period.
Reported Earnings • Aug 03Second quarter 2025 earnings released: EPS: €2.25 (vs €1.98 in 2Q 2024)Second quarter 2025 results: EPS: €2.25 (up from €1.98 in 2Q 2024). Revenue: €2.77b (up 2.6% from 2Q 2024). Net income: €921.0m (up 8.9% from 2Q 2024). Profit margin: 33% (up from 31% in 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Jul 22Now 20% undervaluedOver the last 90 days, the stock has risen 20% to RON381. The fair value is estimated to be RON479, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period.
Upcoming Dividend • May 19Upcoming dividend of €3.00 per shareEligible shareholders must have bought the stock before 26 May 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Romanian dividend payers (6.9%). Lower than average of industry peers (5.4%).
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to RON347, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Banks industry in Europe. Total returns to shareholders of 203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RON418 per share.
Reported Earnings • May 02First quarter 2025 earnings released: EPS: €1.82 (vs €1.75 in 1Q 2024)First quarter 2025 results: EPS: €1.82 (up from €1.75 in 1Q 2024). Revenue: €2.72b (flat on 1Q 2024). Net income: €743.0m (up 3.3% from 1Q 2024). Profit margin: 27% (in line with 1Q 2024). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 28Erste Group Weighs Buying 49% of Santander’s Polish UnitErste Group Bank AG (WBAG:EBS) is exploring buying a major stake in Banco Santander, S.A. (BME:SAN)’s Polish unit, seizing an opportunity to expand in one of Europe’s fastest-growing markets. Austria’s largest lender is in talks with the Spanish bank about acquiring 49% of Santander Bank Polska S.A. (WSE:SPL), Erste said in a statement April 28, 2025 that confirmed an earlier Bloomberg News report. The stake is valued at around €7.3 billion ($8 billion) based on the most recent stock price. It’s not clear if the talks will lead to an agreement, Erste said. A spokesperson for Santander didn’t respond to an earlier request for comment. Under the proposed terms, Erste would effectively gain control of the Polish lender as its largest single shareholder despite not having a majority holding, people familiar with the matter said. By buying less than 50%, Erste will avoid triggering a mandatory tender for the remaining shares in the bank. A deal between Vienna-based Erste and Spain’s biggest bank would be one of the largest banking transactions in Europe in recent years. Bloomberg reported in early April that Banco Santander was exploring a sale of its 62% stake in its Polish unit to refocus on other markets. The deal would deliver on Erste Group Chief Executive Officer Peter Bosek’s ambitions to expand into Poland, made after his return to Vienna last year from Luminor Group. Any transaction would require regulatory approval from the European Central Bank and the national banking authorities. That would likely be granted given that it is an deal within the European Union and wouldn’t create a dominant market position or any other distortions, some of the people said.
New Risk • Apr 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Romanian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Apr 04Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.0% to RON284. The fair value is estimated to be RON384, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 1.2% per annum over the same time period.
Declared Dividend • Mar 24Dividend of €3.00 announcedShareholders will receive a dividend of €3.00. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 0.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (42% payout ratio) and is expected to be well covered in 3 years' time (46% forecast payout ratio). The dividend has increased by an average of 31% per year over the past 10 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.
お知らせ • Mar 23Erste Group Bank AG announces Annual dividend, payable on May 28, 2025Erste Group Bank AG announced Annual dividend of EUR 3.0000 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025.
Reported Earnings • Mar 04Full year 2024 earnings released: EPS: €7.75 (vs €6.81 in FY 2023)Full year 2024 results: EPS: €7.75 (up from €6.81 in FY 2023). Revenue: €10.8b (up 4.8% from FY 2023). Net income: €3.13b (up 7.8% from FY 2023). Profit margin: 29% (in line with FY 2023). Net interest margin (NIM): 2.46% (down from 2.50% in FY 2023). Cost-to-income ratio: 47.2% (down from 47.6% in FY 2023). Non-performing loans: 2.81% (up from 2.29% in FY 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 13The Chiba Bank, Ltd. (TSE:8331), Erste Group Bank AG (WBAG:EBS), Bank of Taiwan and Mega International Commercial Bank Co., Ltd. agreed to acquire Performing loan asset of CTBC Bank Co.,Ltd. for $60 million.The Chiba Bank, Ltd. (TSE:8331), Erste Group Bank AG (WBAG:EBS), Bank of Taiwan and Mega International Commercial Bank Co., Ltd. agreed to acquire Performing loan asset of CTBC Bank Co.,Ltd. for $60 million on February 12, 2025. A cash consideration of $60 million will be paid by The Chiba Bank, Ltd., Erste Group Bank AG, Bank Taiwan and Mega International Commercial Bank Co., Ltd. As part of consideration, $60 million is paid towards assets of Performing loan asset of CTBC Bank Co.,Ltd.
Buy Or Sell Opportunity • Feb 03Now 20% undervaluedOver the last 90 days, the stock has risen 9.7% to RON289. The fair value is estimated to be RON363, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings are forecast to decline by 1.8% per annum over the same time period.
お知らせ • Dec 02Erste Group Bank AG, Annual General Meeting, May 21, 2025Erste Group Bank AG, Annual General Meeting, May 21, 2025.
Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: €2.71b (up 6.9% from 3Q 2023). Net income: €886.0m (up 8.1% from 3Q 2023). Profit margin: 33% (in line with 3Q 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Europe.
お知らせ • Oct 28+ 4 more updatesErste Group Bank AG to Report First Half, 2025 Results on Aug 01, 2025Erste Group Bank AG announced that they will report first half, 2025 results on Aug 01, 2025
Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: €1.98 (vs €1.98 in 2Q 2023)Second quarter 2024 results: EPS: €1.98 (up from €1.98 in 2Q 2023). Revenue: €2.70b (up 1.6% from 2Q 2023). Net income: €846.0m (up 1.0% from 2Q 2023). Profit margin: 31% (in line with 2Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Jun 15Now 20% undervaluedOver the last 90 days, the stock has risen 8.9% to RON210. The fair value is estimated to be RON262, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are forecast to decline by 6.5% per annum over the same time period.
Upcoming Dividend • May 20Upcoming dividend of €2.70 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 5.7%. Lower than top quartile of Romanian dividend payers (6.8%). In line with average of industry peers (6.3%).
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: €1.87 (vs €1.39 in 1Q 2023)First quarter 2024 results: EPS: €1.87 (up from €1.39 in 1Q 2023). Revenue: €2.69b (up 6.8% from 1Q 2023). Net income: €783.3m (up 32% from 1Q 2023). Profit margin: 29% (up from 24% in 1Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: €7.43 (vs €4.83 in FY 2022)Full year 2023 results: EPS: €7.43 (up from €4.83 in FY 2022). Revenue: €10.4b (up 26% from FY 2022). Net income: €3.00b (up 45% from FY 2022). Profit margin: 29% (up from 25% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% 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: Major Risk Earnings are forecast to decline by an average of 5.9% 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 (3.4% increase in shares outstanding).
Reported Earnings • Oct 30Third quarter 2023 earnings released: EPS: €1.92 (vs €1.19 in 3Q 2022)Third quarter 2023 results: EPS: €1.92 (up from €1.19 in 3Q 2022). Revenue: €2.54b (up 31% from 3Q 2022). Net income: €819.7m (up 61% from 3Q 2022). Profit margin: 32% (up from 26% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 14Erste Group Bank AG to Report Fiscal Year 2023 Results on Feb 29, 2024Erste Group Bank AG announced that they will report fiscal year 2023 results on Feb 29, 2024
お知らせ • Oct 13+ 4 more updatesErste Group Bank AG to Report First Half, 2024 Results on Aug 02, 2024Erste Group Bank AG announced that they will report first half, 2024 results on Aug 02, 2024
Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: €2.09 (vs €1.49 in 2Q 2022)Second quarter 2023 results: EPS: €2.09 (up from €1.49 in 2Q 2022). Revenue: €2.67b (up 23% from 2Q 2022). Net income: €896.3m (up 41% from 2Q 2022). Profit margin: 34% (up from 29% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% 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 Risks Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Jul 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.09% 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 Risks Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Jun 28Erste Group Bank AG Appoints Ulrike Gehmacher as Head of Sustainability Effective July 1, 2023Erste Group Bank AG announced the appointment of Ulrike Gehmacher as its new head of sustainability. The appointment is effective from July 1. In the position, Gehmacher is to lead the firm's environmental, social and governance office. She is joining the firm from Immofinanz, an Austrian real estate company.
お知らせ • May 13Erste Group Bank AG Approves Election of Mag. Christiane Tusek to the Supervisory BoardErste Group Bank AG at its AGM held on May 2, 2023, approved Election of Mag. Christiane Tusek to the Supervisory Board.
Upcoming Dividend • May 09Upcoming dividend of €1.90 per share at 5.7% yieldEligible shareholders must have bought the stock before 16 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 5.7%. Lower than top quartile of Romanian dividend payers (8.0%). In line with average of industry peers (6.0%).
Reported Earnings • May 05First quarter 2023 earnings released: EPS: €1.39 (vs €1.05 in 1Q 2022)First quarter 2023 results: EPS: €1.39 (up from €1.05 in 1Q 2022). Revenue: €2.52b (up 27% from 1Q 2022). Net income: €593.6m (up 32% from 1Q 2022). Profit margin: 24% (in line with 1Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to RON152, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RON303 per share.
Reported Earnings • Mar 03Full year 2022 earnings released: EPS: €5.32 (vs €4.17 in FY 2021)Full year 2022 results: EPS: €5.32 (up from €4.17 in FY 2021). Revenue: €8.27b (up 9.1% from FY 2021). Net income: €2.16b (up 22% from FY 2021). Profit margin: 26% (up from 23% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to RON140, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 4.1% over the past three years.
お知らせ • Oct 18+ 2 more updatesErste Group Bank AG to Report First Half, 2023 Results on Jul 31, 2023Erste Group Bank AG announced that they will report first half, 2023 results on Jul 31, 2023
Reported Earnings • Aug 03Second quarter 2022 earnings released: EPS: €1.62 (vs €1.15 in 2Q 2021)Second quarter 2022 results: EPS: €1.62 (up from €1.15 in 2Q 2021). Revenue: €2.20b (up 15% from 2Q 2021). Net income: €688.2m (up 22% from 2Q 2021). Profit margin: 31% (up from 29% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.7%, compared to a 21% growth forecast for the industry in Romania. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 16Upcoming dividend of €1.60 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 5.7%. Lower than top quartile of Romanian dividend payers (6.5%). Lower than average of industry peers (6.6%).
Reported Earnings • May 01First quarter 2022 earnings released: EPS: €1.05 (vs €0.78 in 1Q 2021)First quarter 2022 results: EPS: €1.05 (up from €0.78 in 1Q 2021). Revenue: €1.98b (up 10% from 1Q 2021). Net income: €448.8m (up 59% from 1Q 2021). Profit margin: 23% (up from 16% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.5%, compared to a 9.0% growth forecast for the industry in Romania. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 23% share price gain to RON151, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Banks industry in Europe. Total returns to shareholders of 3.2% over the past three years.
Reported Earnings • Mar 04Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: €4.74 (up from €1.57 in FY 2020). Revenue: €7.58b (up 29% from FY 2020). Net income: €1.92b (up 188% from FY 2020). Profit margin: 25% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.9%, compared to a 9.3% growth forecast for the banks industry in Romania. 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.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to RON162, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Banks industry in Europe. Total returns to shareholders of 12% over the past three years.
Upcoming Dividend • Nov 23Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 30 November 2021. Payment date: 02 December 2021. Trailing yield: 1.3%. Lower than top quartile of Romanian dividend payers (5.5%). Lower than average of industry peers (3.0%).
Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS €1.25 (vs €0.81 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.98b (up 22% from 3Q 2020). Net income: €533.4m (up 55% from 3Q 2020). Profit margin: 27% (up from 21% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • Jul 31Second quarter 2021 earnings released: EPS €1.32 (vs €0.14 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.91b (up 60% from 2Q 2020). Net income: €562.9m (up €504.4m from 2Q 2020). Profit margin: 29% (up from 4.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% 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 • May 18Upcoming dividend of €0.50 per shareEligible shareholders must have bought the stock before 25 May 2021. Payment date: 27 May 2021. Trailing yield: 1.5%. Lower than top quartile of Romanian dividend payers (5.4%). Lower than average of industry peers (2.7%).
Reported Earnings • May 03First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.79b (up 12% from 1Q 2020). Net income: €355.1m (up 93% from 1Q 2020). Profit margin: 20% (up from 12% 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 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 02Full year 2020 earnings released: EPS €1.93 (vs €3.23 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €5.86b (down 19% from FY 2019). Net income: €783.1m (down 43% from FY 2019). Profit margin: 13% (down from 19% 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 14% per year whereas the company’s share price has fallen by 12% per year.
Is New 90 Day High Low • Feb 24New 90-day high: RON133The company is up 11% from its price of RON120 on 26 November 2020. The Romanian market is up 10.0% 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 RON140 per share.
Is New 90 Day High Low • Feb 05New 90-day high: RON131The company is up 48% from its price of RON88.58 on 06 November 2020. The Romanian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON138 per share.
Is New 90 Day High Low • Jan 06New 90-day high: RON125The company is up 38% from its price of RON90.30 on 08 October 2020. The Romanian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON125 per share.
Is New 90 Day High Low • Dec 04New 90-day high: RON122The company is up 24% from its price of RON98.04 on 04 September 2020. The Romanian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON85.75 per share.
Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 17% share price gain to €104, the stock is trading at a trailing P/E ratio of 11.8x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 10x in the Banks industry in Europe. Total return to shareholders over the past three years is a loss of 34%.
Is New 90 Day High Low • Nov 11New 90-day high: RON104The company is up 3.0% from its price of RON101 on 13 August 2020. The Romanian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON89.39 per share.
Analyst Estimate Surprise Post Earnings • Nov 04Revenue beats expectationsRevenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 14%, compared to a 18% growth forecast for the Banks industry in Romania.
Is New 90 Day High Low • Oct 14New 90-day low: RON85.20The company is down 22% from its price of RON110 on 16 July 2020. The Romanian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON91.01 per share.
Is New 90 Day High Low • Sep 25New 90-day low: RON88.44The company is down 12% from its price of RON101 on 26 June 2020. The Romanian 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 down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON93.09 per share.