View ValuationKBC Group 향후 성장Future 기준 점검 2/6KBC Group (는) 각각 연간 10% 및 7.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 10.6% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 16.7% 로 예상됩니다.핵심 정보10.0%이익 성장률10.59%EPS 성장률Banks 이익 성장8.5%매출 성장률7.7%향후 자기자본이익률16.71%애널리스트 커버리지Good마지막 업데이트23 Jun 2026최근 향후 성장 업데이트분석 기사 • May 15KBC Group NV Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowAs you might know, KBC Group NV ( EBR:KBC ) recently reported its quarterly numbers. Revenues of €3.2b were in line...분석 기사 • Feb 15Here's What Analysts Are Forecasting For KBC Group NV (EBR:KBC) After Its Yearly ResultsShareholders might have noticed that KBC Group NV ( EBR:KBC ) filed its yearly result this time last week. The early...Price Target Changed • Aug 15Price target increased by 7.1% to €99.03Up from €92.45, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of €103. Stock is up 49% over the past year. The company is forecast to post earnings per share of €8.34 for next year compared to €8.33 last year.모든 업데이트 보기Recent updates공시 • Jul 01KBC Group Announces Executive and Member ChangesKBC Group announced the appointment of Kris Vervaet as CIO and member of the Executive Committee of KBC Group, subject to approval by the European Central Bank and the National Bank of Belgium. He will assume the role on September 1, 2026 and will work closely with Erik Luts in the coming months to ensure a smooth continuation. Erik Luts will retire on August 31, 2026 after a career that began in education, followed by early exposure to technology during the rise of personal computing, working for an Apple reseller. In 1988, he joined what was then Kredietbank. Over the following decades, he played a key role in KBC’s digital transformation, contributing to the development of digital channels, payment solutions and the Isabel platform. He also gained international experience at Nova Ljubljanska banka in Slovenia, where he contributed to preparations for the introduction of the euro. Back in Belgium, he held several senior leadership roles in HR, organisation and direct channels. In 2017, he joined KBC Group’s Executive Committee as Chief Innovation Officer, with responsibility for digital transformation, ICT, innovation and shared services. Kris Vervaet holds a degree in civil engineering in communication and electronics from Ghent University and complemented this with executive programmes at Stanford, Columbia and IMD. He brings more than 30 years of experience in technology, operations and digital transformation across telecom, energy, media and finance. He held senior leadership roles at Proximus, EDF and EDF Luminus, where he combined commercial, operational and IT responsibilities and led large-scale transformation programmes. At DPG Media, he served as CEO of the Belgian activities and as COO/CDO at group level, driving digital acceleration and operational excellence. Since joining KBC, Kris has played a central role in organisation, operations and IT, launching transformation initiatives focused on automation and efficiency. He is currently CIO of KBC Belgium.내러티브 업데이트 • Jul 01KBC: Future Returns Will Rely On Dividends And Stable Neutral Market ExpectationsAnalysts have nudged their fair value estimate for KBC Group higher from €121.17 to €123.70. This reflects a slightly adjusted discount rate and updated expectations on revenue growth, profit margin and future P/E in light of recent mixed Street price target changes around €119 to €133 and the associated Hold or Neutral style ratings.분석 기사 • Jun 18KBC Group (ENXTBR:KBC) Stock Could Be 1.8% Undervalued After Anchor Shareholder CEO ResignationThe resignation of Frederik Vandepitte as CEO of Cera Group and KBC Ancora, key anchor shareholders controlling over 41% of KBC Group (ENXTBR:KBC), puts governance and long term shareholder influence in sharper focus for investors. See our latest analysis for KBC Group. KBC Group’s recent share price return paints a mixed picture, with the stock down 0.7% on the day to €119.05 but recording a 7.4% 7 day and 9.4% 30 day share price return, alongside a 1 year total shareholder return of 46.3%...속보 • Jun 18KBC Group Stock Watch as Anchor Shareholder Leadership Changes Raise Governance QuestionsFrederik Vandepitte has resigned as CEO of Cera Group and KBC Ancora after just over two years in the role. Cera and KBC Ancora, which together control more than 41% of KBC Group, have appointed Marc De Ceuster and former CEO Franky Depickere to interim leadership positions. The leadership reshuffle at these anchor shareholders has raised governance questions given their central role in KBC Group’s shareholder structure and long-term orientation. The key issue for KBC Group is whether this change at its core shareholders affects decision-making stability or the alignment between the bank and its anchor investors. Investors may want to watch for any updates on governance frameworks, voting behavior at general meetings, or shifts in engagement with KBC Group’s board as indicators of how influential this transition becomes over time.내러티브 업데이트 • Jun 17KBC: Future Earnings May Struggle To Support Current Share PriceAnalysts have nudged their price targets on KBC Group higher, with recent moves including a €1 increase to €133 and a €6 increase to €122, reflecting updated views on the bank's earnings profile and valuation multiples. Analyst Commentary Recent research on KBC Group highlights a mix of cautious and more constructive views, with several firms adjusting price targets while maintaining neutral stances such as Equal Weight and Neutral.내러티브 업데이트 • Jun 02KBC: Future Earnings And Dividend Assumptions May Prove Overly OptimisticNarrative Update: KBC Group The analyst price target for KBC Group has edged higher to €133, from €132 previously, as analysts adjust fair value slightly upward in line with updated assumptions for revenue growth, profit margins and future P/E. Recent Street research continues to cluster around Neutral and Equal Weight views.내러티브 업데이트 • May 16KBC: Future Cash Returns May Struggle To Justify Elevated ExpectationsAnalysts have nudged their fair value estimate for KBC Group higher from €87.00 to about €90.84, reflecting updated assumptions around revenue growth, profit margins and future P/E levels. These are broadly consistent with the series of recent price target increases from €94 to €122 by major banks.분석 기사 • May 15KBC Group NV Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowAs you might know, KBC Group NV ( EBR:KBC ) recently reported its quarterly numbers. Revenues of €3.2b were in line...Reported Earnings • May 13First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: €1.32 (up from €1.29 in 1Q 2025). Revenue: €3.06b (up 16% from 1Q 2025). Net income: €557.0m (up 12% from 1Q 2025). Profit margin: 18% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.속보 • May 13KBC Group Reports €557 Million Profit and Expands in Central Europe With New AcquisitionsKBC Group reported a first-quarter 2026 net profit of €557 million. The bank completed the acquisitions of 365.bank in Slovakia and Business Lease in the Czech Republic and Slovakia, which together added €13 million to quarterly profit. Shareholders approved a final dividend of €4.1 per share to be paid on 20 May 2026, bringing the total 2025 dividend to €5.1 per share. The combination of a sizeable quarterly profit and a substantial total 2025 dividend indicates that management is currently focusing on both earnings generation and cash returns to shareholders. The recent acquisitions also show KBC Group adding to its presence in Slovakia and the Czech Republic, so you may want to monitor how these businesses are integrated and how much they contribute to profit over the coming quarters relative to the cost of expansion.공시 • May 13KBC Group NV Approves Final Dividend for 2025, Payable on 20 May 2026KBC Group NV announced as approved by the General Meeting of Shareholders on 7 May 2026, it will pay a final dividend of EUR 4.1 per share on 20 May 2026, bringing the total dividend for full-year 2025 to EUR 5.1 per share and the pay-out ratio to 60% of 2025 net profit.Upcoming Dividend • May 11Upcoming dividend of €2.87 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Belgian dividend payers (6.3%). In line with average of industry peers (4.7%).내러티브 업데이트 • Apr 30KBC: Future Returns Will Hinge On Steady Dividends And Cautious Earnings ExpectationsThe analyst fair value estimate for KBC Group edges slightly higher to about €121.17, as analysts factor in updated Street price targets clustered around €116 to €122 and largely steady assumptions on revenue growth, profit margin and forward P/E. Analyst Commentary Recent Street research on KBC Group clusters around price targets between €116 and €122.내러티브 업데이트 • Apr 15KBC: Future Returns Will Depend On Dividend Payouts And Execution Versus Cautious Street RevisionsThe analyst price target for KBC Group is now set at €121.05, a slight adjustment supported by recent Street research in which firms have lifted their targets into a €116 to €122 range as analysts factor in updated views on discount rates, revenue growth, profit margins and future P/E assumptions. Analyst Commentary Recent Street research on KBC Group clusters around a tighter price target range between €116 and €122, with large banks such as JPMorgan now at the upper end of this band.Reported Earnings • Apr 04Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €8.69 (up from €8.33 in FY 2024). Revenue: €11.9b (up 9.0% from FY 2024). Net income: €3.45b (up 3.6% from FY 2024). Profit margin: 29% (down from 30% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.07% (down from 2.09% in FY 2024). Cost-to-income ratio: 46.0% (down from 47.0% in FY 2024). Non-performing loans: 1.94% (down from 2.15% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.공시 • Apr 02KBC Group NV, Annual General Meeting, May 07, 2026KBC Group NV, Annual General Meeting, May 07, 2026, at 10:00 Romance Standard Time.내러티브 업데이트 • Apr 01KBC: Future Returns Will Hinge On Dividend Strength And Execution Versus Street ExpectationsThe analyst price target for KBC Group is updated to €121 from €115, with analysts pointing to revised assumptions around fair value, discount rate, revenue growth, profit margin and future P/E in the context of recent Street target increases to €116, €119 and €122. Analyst Commentary Recent Street research shows a cluster of revised targets between €116 and €122.내러티브 업데이트 • Mar 17KBC: Higher Dividend Commitment And Margin Assumptions Will Support Future RepricingAnalysts have lifted their average price targets on KBC Group into a range of about €116 to €122, with recent increases of roughly €10 to €22 per share, as they point to updated assumptions on revenue growth, profit margins and P/E multiples. Analyst Commentary Recent research updates show a cluster of higher price targets for KBC Group, with bullish analysts moving into a band between about €116 and €122.내러티브 업데이트 • Mar 03KBC: Higher Payout Commitment And Rising Profitability Assumptions Will Support RepricingThe analyst price target for KBC Group has been raised from €120 to €145 as analysts factor in updated assumptions on revenue growth, profit margins and future P/E, along with a series of recent Street target hikes from €94 to up to €122. Analyst Commentary Bullish analysts have been lifting their targets for KBC Group, pushing the top end of recent Street estimates toward €122 and providing a more supportive backdrop for the newly raised €145 target.내러티브 업데이트 • Feb 17KBC: Limited Upside Signals Future Pressure On Earnings DeliveryAnalysts have made only minimal adjustments to their models, with recent price target changes around €0.20 and €1 reflecting fine tuning of discount rate, growth, margin, and P/E assumptions rather than a major shift in their view on KBC Group. Analyst Commentary Recent research has highlighted relatively small absolute shifts in KBC Group price targets, but the tone of some commentary leans cautious, especially around how current expectations line up with execution and growth risks.분석 기사 • Feb 15Here's What Analysts Are Forecasting For KBC Group NV (EBR:KBC) After Its Yearly ResultsShareholders might have noticed that KBC Group NV ( EBR:KBC ) filed its yearly result this time last week. The early...Reported Earnings • Feb 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €8.69 (up from €8.33 in FY 2024). Revenue: €11.9b (up 9.0% from FY 2024). Net income: €3.45b (up 3.6% from FY 2024). Profit margin: 29% (down from 30% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.07% (down from 2.09% in FY 2024). Cost-to-income ratio: 46.0% (down from 47.0% in FY 2024). Non-performing loans: 1.95% (down from 2.15% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.공시 • Feb 12KBC Group NV Proposes Dividend for the Accounting Year 2025, Payable in May 2026KBC Group NV's Board of Directors has decided to propose a total gross dividend of EUR 5.1 per share to the General Meeting of Shareholders for the accounting year 2025. That figure includes an interim dividend of EUR 1 per share that was already paid in November 2025 and the remaining EUR 4.1 per share to be paid in May 2026. When including the proposed dividend of EUR 5.1 per share and additional tier-1 coupon, the pay-out ratio amounts to 60% of 2025 net profit.내러티브 업데이트 • Feb 03KBC: Future Returns Will Depend On Rate Backdrop And Execution Versus Street ExpectationsThe analyst price target for KBC Group has been raised from €108.97 to €115.09, as analysts factor in Street research that points to adjusted revenue growth assumptions, slightly higher profit margins, and updated future P/E expectations reflected in recent target changes from JPMorgan, Citi, and Morgan Stanley. Analyst Commentary Recent Street research around KBC Group reflects a mix of cautious and more optimistic adjustments, with price targets clustered in a relatively tight range and ratings split between Neutral and Overweight.내러티브 업데이트 • Jan 20KBC: Higher Deal Ambitions Will Likely Pressure Earnings Quality And P/EAnalysts have made only slight adjustments to their price targets for KBC Group, with changes of €0.20 lower at Citi, €4 higher at JPMorgan, and €1 higher at Morgan Stanley. These reflect updated views on revenue growth, profit margins, and future P/E assumptions, while our €87 fair value estimate remains unchanged.내러티브 업데이트 • Jan 05KBC: Future Returns Will Rely On Rate Backdrop And Execution DeliveryAnalysts recently adjusted their stance on KBC Group with small shifts in price targets, including Citi trimming its view to €101 from €101.20, while JPMorgan and Morgan Stanley moved higher to €110 and €122 respectively. This led to only marginal tweaks in the underlying discount rate and assumed future P/E in our model without changing fair value.내러티브 업데이트 • Dec 21KBC: Rising Deal Ambitions Will Likely Expose Earnings Multiple To CompressionThe analyst fair value estimate for KBC Group has been raised from EUR 74.53 to EUR 87.00. This reflects analysts' view that slightly lower discount rate assumptions, modestly improved profit margins, and higher long term valuation multiples justify a higher price target despite only incremental changes in revenue growth expectations.내러티브 업데이트 • Dec 07KBC: Future Returns Will Depend On ABN Amro Deal Path And Rate BackdropWe trim our KBC Group price target slightly lower, reflecting a modestly reduced fair value of approximately EUR 109 from about EUR 109.50 as analysts balance marginally higher discount rate assumptions with steady improvements in revenue growth, profit margins, and longer term valuation multiples highlighted in recent Street research. Analyst Commentary Recent Street research on KBC Group reflects a broadly constructive stance on medium term fundamentals, with a minority of more cautious voices tempering upside expectations.공시 • Nov 24KBC Group NV to Report Fiscal Year 2025 Results on Apr 01, 2026KBC Group NV announced that they will report fiscal year 2025 results at 12:00 PM, Central European Standard Time on Apr 01, 2026내러티브 업데이트 • Nov 23KBC: Near-Term Outlook Will Hinge On ABN Amro M&A Developments And Market StabilityKBC Group's analyst price target has been raised from EUR 106.73 to EUR 109.47, as analysts cite increased projected revenue growth and stronger profit margins as key drivers for the higher valuation. Analyst Commentary Recent street research reflects a range of perspectives on KBC Group's outlook, with several major institutions raising their price targets in response to evolving performance and market dynamics.Reported Earnings • Nov 14Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: €2.44 (up from €2.14 in 3Q 2024). Revenue: €2.99b (up 9.8% from 3Q 2024). Net income: €1.00b (up 15% from 3Q 2024). Profit margin: 34% (up from 32% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.내러티브 업데이트 • Nov 06KBC: Recent Acquisition Discussions And Market Resilience Will Shape Near-Term OutlookThe analyst price target for KBC Group has been revised upward from €105.51 to €106.73. This reflects modest improvement in profit margin and overall outlook as highlighted by recent analyst updates.내러티브 업데이트 • Oct 22Analyst Commentary Highlights Rising Price Targets and Improved Outlook for KBC GroupThe analyst price target for KBC Group has increased modestly to €105.51 from €104.83. This reflects analysts' recognition of improved revenue growth expectations and continued sector support.내러티브 업데이트 • Oct 08Digital Transformation And European Expansion Will Unlock Future PotentialThe analyst price target for KBC Group has been increased from €102.96 to €104.83, reflecting modest upward revisions by analysts. These revisions are driven by improvements in forecast revenue growth and profit margins.공시 • Sep 23+ 1 more updateKBC Reportedly Investigates ABN Amro TakeoverKBC Group NV (ENXTBR:KBC) is exploring a possible acquisition of its Dutch competitor, ABN Amro (ABN AMRO Bank N.V. (ENXTAM:ABN)), as part of plans to strengthen its position in Europe, sources close to the deal told Bloomberg. The Brussels-based bank is in the early stages of reviewing the feasibility of a deal, the sources said. They requested anonymity due to the confidential information involved, saying the Belgian bank is still discussing the potential internally and no decision has been made. “Referring to KBC Group’s earlier and repeated statements about its strategy, we are continuously monitoring the market to identify opportunities that strengthen our strategic goals, and we are committed to pursuing financially sound and sustainable growth,” a bank spokesperson told Bloomberg. ABN Amro declined to comment, but this is not the first time rumors have circulated about a potential takeover of the bank. BNP Paribas and Deutsche Bank have also considered ABN Amro as a potential acquisition target in recent years.내러티브 업데이트 • Sep 19Digital Transformation And European Expansion Will Unlock Future PotentialAnalysts have raised KBC Group’s price target to €102.96, citing improving earnings momentum, robust capital generation, better asset quality, and operational efficiency amid a supportive macro environment. Analyst Commentary Bullish analysts cite improving earnings momentum and ongoing revenue growth as key drivers behind upward price target revisions.내러티브 업데이트 • Sep 04Digital Transformation And European Expansion Will Unlock Future PotentialAnalysts maintain a positive view on KBC Group due to robust earnings growth, resilient operations, and attractive valuation, resulting in an unchanged consensus price target of €100.84. Analyst Commentary Bullish analysts cite stronger-than-expected earnings growth and operational resilience despite macroeconomic headwinds.Declared Dividend • Aug 17First half dividend of €0.70 announcedShareholders will receive a dividend of €0.70. Ex-date: 5th November 2025 Payment date: 7th November 2025 Dividend yield will be 2.8%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (48% payout ratio) and is expected to be covered in 3 years' time (62% forecast payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • Aug 15Price target increased by 7.1% to €99.03Up from €92.45, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of €103. Stock is up 49% over the past year. The company is forecast to post earnings per share of €8.34 for next year compared to €8.33 last year.Reported Earnings • Aug 08Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: €2.50 (up from €2.26 in 2Q 2024). Revenue: €3.16b (up 15% from 2Q 2024). Net income: €1.02b (up 12% from 2Q 2024). Profit margin: 32% (down from 33% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jul 11+ 2 more updatesKBC Group NV to Report Q3, 2026 Results on Nov 12, 2026KBC Group NV announced that they will report Q3, 2026 results at 7:00 AM, Central European Standard Time on Nov 12, 2026Reported Earnings • May 16First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: €1.32 (up from €1.17 in 1Q 2024). Revenue: €2.95b (up 9.7% from 1Q 2024). Net income: €546.0m (up 18% from 1Q 2024). Profit margin: 19% (up from 17% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 5.6% 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 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 29Upcoming dividend of €2.21 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Belgian dividend payers (6.7%). Lower than average of industry peers (5.8%).공시 • Apr 02KBC Group NV, Annual General Meeting, Apr 30, 2025KBC Group NV, Annual General Meeting, Apr 30, 2025, at 10:00 Romance Standard Time.Reported Earnings • Apr 01Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: €8.33. Revenue: €10.9b (down 2.7% from FY 2023). Net income: €3.33b (flat on FY 2023). Profit margin: 30% (in line with FY 2023). Net interest margin (NIM): 2.09% (up from 2.05% in FY 2023). Cost-to-income ratio: 47.0% (down from 49.0% in FY 2023). Non-performing loans: 2.15% (down from 2.27% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in Europe.Declared Dividend • Mar 06Dividend of €2.21 announcedShareholders will receive a dividend of €2.21. Ex-date: 6th May 2025 Payment date: 8th May 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (50% payout ratio) and is expected to be covered in 3 years' time (63% forecast payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Feb 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.4% 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 1.4% 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 • Nov 08Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: €2.14. Revenue: €2.73b (up 1.8% from 3Q 2023). Net income: €868.0m (down 1.0% from 3Q 2023). Profit margin: 32% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe.새로운 내러티브 • Nov 07AI And Mobile App Transformation Set To Boost Productivity And Drive Revenue Growth Digital transformation initiatives and strong market positioning could enhance productivity, sales, and revenue, improving net margins and interest income. 공시 • Nov 07KBC Group NV to Report Fiscal Year 2024 Final Results on Mar 31, 2025KBC Group NV announced that they will report fiscal year 2024 final results on Mar 31, 2025Upcoming Dividend • Nov 05Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 12 November 2024. Payment date: 14 November 2024. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 6.0%. Lower than top quartile of Belgian dividend payers (7.3%). In line with average of industry peers (6.2%).공시 • Aug 22+ 3 more updatesKBC Group NV to Report Q2, 2025 Results on Aug 07, 2025KBC Group NV announced that they will report Q2, 2025 results at 7:00 AM, Central European Standard Time on Aug 07, 2025Declared Dividend • Aug 14Dividend of €0.70 announcedShareholders will receive a dividend of €0.70. Ex-date: 12th November 2024 Payment date: 14th November 2024 Dividend yield will be 5.0%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (58% payout ratio) and is expected to be covered in 3 years' time (61% forecast payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 09Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: €2.25 (down from €2.29 in 2Q 2023). Revenue: €2.74b (down 2.1% from 2Q 2023). Net income: €925.0m (down 2.7% from 2Q 2023). Profit margin: 34% (in line with 2Q 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Revenue is forecast to grow 4.3% 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 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Aug 08+ 1 more updateKBC Group NV to Pay Interim Dividend, Payable in November 2024KBC Group NV announced that in line with its general dividend policy, it will pay an interim dividend of EUR 1 per share in November 2024 as an advance on the total dividend for financial year 2024.Upcoming Dividend • May 20Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Belgian dividend payers (6.6%). In line with average of industry peers (6.3%).공시 • May 18KBC Group NV Declares Extraordinary Interim Dividend, Payable on 29 May 2024KBC Group NV announced that in line with its announced capital deployment plan for full-year 2023, the Board of Directors has also decided to distribute the surplus capital above a fully loaded common equity ratio of 15% (approximately EUR 280 million) in the form of an extraordinary interim dividend of EUR 0.70 per share on 29 May 2024.Reported Earnings • May 17First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: €1.19 (down from €2.08 in 1Q 2023). Revenue: €2.69b (down 13% from 1Q 2023). Net income: €481.0m (down 44% from 1Q 2023). Profit margin: 18% (down from 28% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • May 03Kbc Group Nv Approves to Pay A Gross Dividend for the Financial Year Ending on 31 December 2023, Payable on 15 May 2024KBC Group NV announced that the Annual General Meeting of 2 May 2024 has decided to pay a gross dividend of 4.15 euros per share for the financial year ending on 31 December 2023. Further to the payment of an interim dividend in the sum of 1 euro per share on 15 November 2023, the gross final dividend will be 3.15 euros per dividend entitled share (2.205 euros after the deduction of 30% withholding tax). Relevant dates are: Ex-coupon date: 13 May 2024. Record date: 14 May 2024. Pay date: 15 May 2024.Reported Earnings • Apr 04Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: €8.04 (up from €6.64 in FY 2022). Revenue: €11.2b (up 15% from FY 2022). Net income: €3.34b (up 21% from FY 2022). Profit margin: 30% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.05% (up from 1.96% in FY 2022). Cost-to-income ratio: 49.0% (no change from 49.0% in FY 2022). Non-performing loans: 2.27% (down from 2.39% in FY 2022). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.5% 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 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Declared Dividend • Feb 11Final dividend of €2.21 announcedShareholders will receive a dividend of €2.21. Ex-date: 13th May 2024 Payment date: 15th May 2024 Dividend yield will be 4.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (52% payout ratio) and is expected to be covered in 3 years' time (62% forecast payout ratio). The dividend has increased by an average of 8.4% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to decline by 2.6% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Feb 09Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: €8.04 (up from €6.46 in FY 2022). Revenue: €11.2b (up 37% from FY 2022). Net income: €3.40b (up 26% from FY 2022). Profit margin: 30% (down from 33% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 12Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: €2.07 (up from €1.77 in 3Q 2022). Revenue: €2.68b (up 11% from 3Q 2022). Net income: €877.0m (up 17% from 3Q 2022). Profit margin: 33% (up from 31% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.5%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.1% 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 fallen by 3% per year, which means it is significantly lagging earnings.공시 • Nov 11KBC Group NV to Pay Interim Dividend, Payable on 15 November 2023KBC Group NV will pay out an interim dividend of 1 euro per share on 15 November 2023 as an advance on the total dividend for financial year 2023.Upcoming Dividend • Nov 06Upcoming dividend of €0.70 per share at 7.4% yieldEligible shareholders must have bought the stock before 13 November 2023. Payment date: 15 November 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 7.4%. Lower than top quartile of Belgian dividend payers (7.8%). Higher than average of industry peers (6.5%).New Risk • Oct 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.08% 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 0.08% 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.공시 • Sep 03+ 5 more updatesKBC Group NV to Report Q4, 2024 Results on Feb 13, 2025KBC Group NV announced that they will report Q4, 2024 results at 7:00 AM, Central European Standard Time on Feb 13, 2025공시 • Aug 23KBC Group NV (ENXTBR:KBC) commences an Equity Buyback Plan for 41,688,359 shares, representing 10% of its issued share capital, under the authorization approved on May 5, 2022.KBC Group NV (ENXTBR:KBC) commences share repurchases on August 11, 2023 under the program mandated by the shareholders in the Annual General Meeting held on May 5, 2022. As per the mandate, the company is authorized to repurchase up to 41,688,359 shares, representing 10% of its issued share capital. The shares will be repurchased at a price per share not exceeding the last closing price on Euronext Brussels prior to the date of acquisition, plus 10%, and not lower than €1 per share. The plan will be valid for 4 years. As of May 5, 2022, the company had 416,883,592 shares outstanding. On August 10, 2023, the company announced a share repurchase program after receiving approval from ECB. Under the program, the company will repurchase €1,300 million worth of shares. The purpose of the program is distributing the surplus capital. The repurchases will take place from August 11, 2023, until July 31, 2024.Reported Earnings • Aug 11Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: €2.29 (up from €2.10 in 2Q 2022). Revenue: €2.80b (up 11% from 2Q 2022). Net income: €966.0m (up 8.9% from 2Q 2022). Profit margin: 35% (in line with 2Q 2022). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 6.8% 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 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.공시 • Aug 10KBC Group NV Announces Interim DividendKBC Group NV announced that In line with its general dividend policy, it will also pay out an interim dividend of EUR 1 per share in November 2023 as an advance on the total dividend for financial year 2023.공시 • Jul 01KBC Group NV (ENXTBR:KBC) agreed to acquire 50% stake in Digital & Legal s.r.o. oKBC Group NV (ENXTBR:KBC) agreed to acquire 50% stake in Digital & Legal s.r.o. on June 29, 2023. KBC will acquire a 50% stake in Digital & Legal, with the option to acquire the remaining shares at a later stage.공시 • Jun 22+ 1 more updateKBC Group NV to Report Q3, 2023 Results on Nov 09, 2023KBC Group NV announced that they will report Q3, 2023 results at 7:00 AM, Central European Standard Time on Nov 09, 2023이익 및 매출 성장 예측ENXTBR:KBC - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202815,3904,824N/AN/A1012/31/202714,4454,388N/AN/A1012/31/202613,5043,932N/AN/A103/31/202612,1103,454-10,502-9,099N/A12/31/202511,9253,4512,8354,201N/A9/30/202511,8153,6013,1354,508N/A6/30/202511,5483,4676,2467,624N/A3/31/202511,1263,393-1,611-238N/A12/31/202410,9403,3318,4809,848N/A9/30/202410,8352,892-15,445-14,159N/A6/30/202410,7882,901-19,837-18,597N/A3/31/202410,8452,9422,9834,294N/A12/31/202311,2393,338-21,549-20,194N/A9/30/202310,8553,399-8,925-7,581N/A6/30/202310,5913,274-15,288-14,040N/A3/31/202310,3143,198-29,086-28,098N/A12/31/20229,7322,7689,87410,791N/A9/30/20229,4012,704-4,706-3,961N/A6/30/20228,9352,553-2,411-1,627N/A3/31/20228,4012,45912,48513,365N/A12/31/20217,9052,56413,13314,043N/A9/30/20217,6872,43930,94331,873N/A6/30/20217,5582,53551,72952,681N/A3/31/20216,7691,95251,61552,599N/A12/31/20206,1221,39025,41626,369N/A9/30/20206,3401,55425,49426,901N/A6/30/20206,2931,46919,19620,527N/A3/31/20206,9772,005-9,130-7,894N/A12/31/20197,4072,433N/A-2,462N/A9/30/20197,2292,345N/A-19,899N/A6/30/20197,3492,434N/A-15,724N/A3/31/20197,3932,369N/A-13,764N/A12/31/20187,5552,494N/A-7,962N/A9/30/20187,5692,279N/A4,404N/A6/30/20187,5562,269N/A2,297N/A3/31/20187,6892,442N/A15,041N/A12/31/20177,6612,523N/A12,863N/A9/30/20177,7042,809N/A8,414N/A6/30/20177,5242,747N/A11,838N/A3/31/20177,2902,613N/A7,942N/A12/31/20167,0352,375N/A2,970N/A9/30/20166,6361,553N/A-1,747N/A6/30/20166,6221,524N/A-5,332N/A3/31/20166,6671,469N/A290N/A12/31/20156,7871,587N/A1,140N/A9/30/20156,9991,833N/A-5,424N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: KBC 의 연간 예상 수익 증가율(10%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: KBC 의 연간 수익(10%)이 Belgian 시장(13.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: KBC 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: KBC 의 수익(연간 7.7%)이 Belgian 시장(연간 7.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: KBC 의 수익(연간 7.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: KBC의 자본 수익률은 3년 후 16.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/06 20:44종가2026/07/06 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스KBC Group NV는 34명의 분석가가 다루고 있습니다. 이 중 13명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Juan Lopez CoboBanco SantanderNamita SamtaniBarclaysFlora Benhakoun BocahutBarclays31명의 분석가 더 보기
분석 기사 • May 15KBC Group NV Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowAs you might know, KBC Group NV ( EBR:KBC ) recently reported its quarterly numbers. Revenues of €3.2b were in line...
분석 기사 • Feb 15Here's What Analysts Are Forecasting For KBC Group NV (EBR:KBC) After Its Yearly ResultsShareholders might have noticed that KBC Group NV ( EBR:KBC ) filed its yearly result this time last week. The early...
Price Target Changed • Aug 15Price target increased by 7.1% to €99.03Up from €92.45, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of €103. Stock is up 49% over the past year. The company is forecast to post earnings per share of €8.34 for next year compared to €8.33 last year.
공시 • Jul 01KBC Group Announces Executive and Member ChangesKBC Group announced the appointment of Kris Vervaet as CIO and member of the Executive Committee of KBC Group, subject to approval by the European Central Bank and the National Bank of Belgium. He will assume the role on September 1, 2026 and will work closely with Erik Luts in the coming months to ensure a smooth continuation. Erik Luts will retire on August 31, 2026 after a career that began in education, followed by early exposure to technology during the rise of personal computing, working for an Apple reseller. In 1988, he joined what was then Kredietbank. Over the following decades, he played a key role in KBC’s digital transformation, contributing to the development of digital channels, payment solutions and the Isabel platform. He also gained international experience at Nova Ljubljanska banka in Slovenia, where he contributed to preparations for the introduction of the euro. Back in Belgium, he held several senior leadership roles in HR, organisation and direct channels. In 2017, he joined KBC Group’s Executive Committee as Chief Innovation Officer, with responsibility for digital transformation, ICT, innovation and shared services. Kris Vervaet holds a degree in civil engineering in communication and electronics from Ghent University and complemented this with executive programmes at Stanford, Columbia and IMD. He brings more than 30 years of experience in technology, operations and digital transformation across telecom, energy, media and finance. He held senior leadership roles at Proximus, EDF and EDF Luminus, where he combined commercial, operational and IT responsibilities and led large-scale transformation programmes. At DPG Media, he served as CEO of the Belgian activities and as COO/CDO at group level, driving digital acceleration and operational excellence. Since joining KBC, Kris has played a central role in organisation, operations and IT, launching transformation initiatives focused on automation and efficiency. He is currently CIO of KBC Belgium.
내러티브 업데이트 • Jul 01KBC: Future Returns Will Rely On Dividends And Stable Neutral Market ExpectationsAnalysts have nudged their fair value estimate for KBC Group higher from €121.17 to €123.70. This reflects a slightly adjusted discount rate and updated expectations on revenue growth, profit margin and future P/E in light of recent mixed Street price target changes around €119 to €133 and the associated Hold or Neutral style ratings.
분석 기사 • Jun 18KBC Group (ENXTBR:KBC) Stock Could Be 1.8% Undervalued After Anchor Shareholder CEO ResignationThe resignation of Frederik Vandepitte as CEO of Cera Group and KBC Ancora, key anchor shareholders controlling over 41% of KBC Group (ENXTBR:KBC), puts governance and long term shareholder influence in sharper focus for investors. See our latest analysis for KBC Group. KBC Group’s recent share price return paints a mixed picture, with the stock down 0.7% on the day to €119.05 but recording a 7.4% 7 day and 9.4% 30 day share price return, alongside a 1 year total shareholder return of 46.3%...
속보 • Jun 18KBC Group Stock Watch as Anchor Shareholder Leadership Changes Raise Governance QuestionsFrederik Vandepitte has resigned as CEO of Cera Group and KBC Ancora after just over two years in the role. Cera and KBC Ancora, which together control more than 41% of KBC Group, have appointed Marc De Ceuster and former CEO Franky Depickere to interim leadership positions. The leadership reshuffle at these anchor shareholders has raised governance questions given their central role in KBC Group’s shareholder structure and long-term orientation. The key issue for KBC Group is whether this change at its core shareholders affects decision-making stability or the alignment between the bank and its anchor investors. Investors may want to watch for any updates on governance frameworks, voting behavior at general meetings, or shifts in engagement with KBC Group’s board as indicators of how influential this transition becomes over time.
내러티브 업데이트 • Jun 17KBC: Future Earnings May Struggle To Support Current Share PriceAnalysts have nudged their price targets on KBC Group higher, with recent moves including a €1 increase to €133 and a €6 increase to €122, reflecting updated views on the bank's earnings profile and valuation multiples. Analyst Commentary Recent research on KBC Group highlights a mix of cautious and more constructive views, with several firms adjusting price targets while maintaining neutral stances such as Equal Weight and Neutral.
내러티브 업데이트 • Jun 02KBC: Future Earnings And Dividend Assumptions May Prove Overly OptimisticNarrative Update: KBC Group The analyst price target for KBC Group has edged higher to €133, from €132 previously, as analysts adjust fair value slightly upward in line with updated assumptions for revenue growth, profit margins and future P/E. Recent Street research continues to cluster around Neutral and Equal Weight views.
내러티브 업데이트 • May 16KBC: Future Cash Returns May Struggle To Justify Elevated ExpectationsAnalysts have nudged their fair value estimate for KBC Group higher from €87.00 to about €90.84, reflecting updated assumptions around revenue growth, profit margins and future P/E levels. These are broadly consistent with the series of recent price target increases from €94 to €122 by major banks.
분석 기사 • May 15KBC Group NV Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowAs you might know, KBC Group NV ( EBR:KBC ) recently reported its quarterly numbers. Revenues of €3.2b were in line...
Reported Earnings • May 13First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: €1.32 (up from €1.29 in 1Q 2025). Revenue: €3.06b (up 16% from 1Q 2025). Net income: €557.0m (up 12% from 1Q 2025). Profit margin: 18% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
속보 • May 13KBC Group Reports €557 Million Profit and Expands in Central Europe With New AcquisitionsKBC Group reported a first-quarter 2026 net profit of €557 million. The bank completed the acquisitions of 365.bank in Slovakia and Business Lease in the Czech Republic and Slovakia, which together added €13 million to quarterly profit. Shareholders approved a final dividend of €4.1 per share to be paid on 20 May 2026, bringing the total 2025 dividend to €5.1 per share. The combination of a sizeable quarterly profit and a substantial total 2025 dividend indicates that management is currently focusing on both earnings generation and cash returns to shareholders. The recent acquisitions also show KBC Group adding to its presence in Slovakia and the Czech Republic, so you may want to monitor how these businesses are integrated and how much they contribute to profit over the coming quarters relative to the cost of expansion.
공시 • May 13KBC Group NV Approves Final Dividend for 2025, Payable on 20 May 2026KBC Group NV announced as approved by the General Meeting of Shareholders on 7 May 2026, it will pay a final dividend of EUR 4.1 per share on 20 May 2026, bringing the total dividend for full-year 2025 to EUR 5.1 per share and the pay-out ratio to 60% of 2025 net profit.
Upcoming Dividend • May 11Upcoming dividend of €2.87 per shareEligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Belgian dividend payers (6.3%). In line with average of industry peers (4.7%).
내러티브 업데이트 • Apr 30KBC: Future Returns Will Hinge On Steady Dividends And Cautious Earnings ExpectationsThe analyst fair value estimate for KBC Group edges slightly higher to about €121.17, as analysts factor in updated Street price targets clustered around €116 to €122 and largely steady assumptions on revenue growth, profit margin and forward P/E. Analyst Commentary Recent Street research on KBC Group clusters around price targets between €116 and €122.
내러티브 업데이트 • Apr 15KBC: Future Returns Will Depend On Dividend Payouts And Execution Versus Cautious Street RevisionsThe analyst price target for KBC Group is now set at €121.05, a slight adjustment supported by recent Street research in which firms have lifted their targets into a €116 to €122 range as analysts factor in updated views on discount rates, revenue growth, profit margins and future P/E assumptions. Analyst Commentary Recent Street research on KBC Group clusters around a tighter price target range between €116 and €122, with large banks such as JPMorgan now at the upper end of this band.
Reported Earnings • Apr 04Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €8.69 (up from €8.33 in FY 2024). Revenue: €11.9b (up 9.0% from FY 2024). Net income: €3.45b (up 3.6% from FY 2024). Profit margin: 29% (down from 30% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.07% (down from 2.09% in FY 2024). Cost-to-income ratio: 46.0% (down from 47.0% in FY 2024). Non-performing loans: 1.94% (down from 2.15% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Apr 02KBC Group NV, Annual General Meeting, May 07, 2026KBC Group NV, Annual General Meeting, May 07, 2026, at 10:00 Romance Standard Time.
내러티브 업데이트 • Apr 01KBC: Future Returns Will Hinge On Dividend Strength And Execution Versus Street ExpectationsThe analyst price target for KBC Group is updated to €121 from €115, with analysts pointing to revised assumptions around fair value, discount rate, revenue growth, profit margin and future P/E in the context of recent Street target increases to €116, €119 and €122. Analyst Commentary Recent Street research shows a cluster of revised targets between €116 and €122.
내러티브 업데이트 • Mar 17KBC: Higher Dividend Commitment And Margin Assumptions Will Support Future RepricingAnalysts have lifted their average price targets on KBC Group into a range of about €116 to €122, with recent increases of roughly €10 to €22 per share, as they point to updated assumptions on revenue growth, profit margins and P/E multiples. Analyst Commentary Recent research updates show a cluster of higher price targets for KBC Group, with bullish analysts moving into a band between about €116 and €122.
내러티브 업데이트 • Mar 03KBC: Higher Payout Commitment And Rising Profitability Assumptions Will Support RepricingThe analyst price target for KBC Group has been raised from €120 to €145 as analysts factor in updated assumptions on revenue growth, profit margins and future P/E, along with a series of recent Street target hikes from €94 to up to €122. Analyst Commentary Bullish analysts have been lifting their targets for KBC Group, pushing the top end of recent Street estimates toward €122 and providing a more supportive backdrop for the newly raised €145 target.
내러티브 업데이트 • Feb 17KBC: Limited Upside Signals Future Pressure On Earnings DeliveryAnalysts have made only minimal adjustments to their models, with recent price target changes around €0.20 and €1 reflecting fine tuning of discount rate, growth, margin, and P/E assumptions rather than a major shift in their view on KBC Group. Analyst Commentary Recent research has highlighted relatively small absolute shifts in KBC Group price targets, but the tone of some commentary leans cautious, especially around how current expectations line up with execution and growth risks.
분석 기사 • Feb 15Here's What Analysts Are Forecasting For KBC Group NV (EBR:KBC) After Its Yearly ResultsShareholders might have noticed that KBC Group NV ( EBR:KBC ) filed its yearly result this time last week. The early...
Reported Earnings • Feb 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: €8.69 (up from €8.33 in FY 2024). Revenue: €11.9b (up 9.0% from FY 2024). Net income: €3.45b (up 3.6% from FY 2024). Profit margin: 29% (down from 30% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.07% (down from 2.09% in FY 2024). Cost-to-income ratio: 46.0% (down from 47.0% in FY 2024). Non-performing loans: 1.95% (down from 2.15% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Feb 12KBC Group NV Proposes Dividend for the Accounting Year 2025, Payable in May 2026KBC Group NV's Board of Directors has decided to propose a total gross dividend of EUR 5.1 per share to the General Meeting of Shareholders for the accounting year 2025. That figure includes an interim dividend of EUR 1 per share that was already paid in November 2025 and the remaining EUR 4.1 per share to be paid in May 2026. When including the proposed dividend of EUR 5.1 per share and additional tier-1 coupon, the pay-out ratio amounts to 60% of 2025 net profit.
내러티브 업데이트 • Feb 03KBC: Future Returns Will Depend On Rate Backdrop And Execution Versus Street ExpectationsThe analyst price target for KBC Group has been raised from €108.97 to €115.09, as analysts factor in Street research that points to adjusted revenue growth assumptions, slightly higher profit margins, and updated future P/E expectations reflected in recent target changes from JPMorgan, Citi, and Morgan Stanley. Analyst Commentary Recent Street research around KBC Group reflects a mix of cautious and more optimistic adjustments, with price targets clustered in a relatively tight range and ratings split between Neutral and Overweight.
내러티브 업데이트 • Jan 20KBC: Higher Deal Ambitions Will Likely Pressure Earnings Quality And P/EAnalysts have made only slight adjustments to their price targets for KBC Group, with changes of €0.20 lower at Citi, €4 higher at JPMorgan, and €1 higher at Morgan Stanley. These reflect updated views on revenue growth, profit margins, and future P/E assumptions, while our €87 fair value estimate remains unchanged.
내러티브 업데이트 • Jan 05KBC: Future Returns Will Rely On Rate Backdrop And Execution DeliveryAnalysts recently adjusted their stance on KBC Group with small shifts in price targets, including Citi trimming its view to €101 from €101.20, while JPMorgan and Morgan Stanley moved higher to €110 and €122 respectively. This led to only marginal tweaks in the underlying discount rate and assumed future P/E in our model without changing fair value.
내러티브 업데이트 • Dec 21KBC: Rising Deal Ambitions Will Likely Expose Earnings Multiple To CompressionThe analyst fair value estimate for KBC Group has been raised from EUR 74.53 to EUR 87.00. This reflects analysts' view that slightly lower discount rate assumptions, modestly improved profit margins, and higher long term valuation multiples justify a higher price target despite only incremental changes in revenue growth expectations.
내러티브 업데이트 • Dec 07KBC: Future Returns Will Depend On ABN Amro Deal Path And Rate BackdropWe trim our KBC Group price target slightly lower, reflecting a modestly reduced fair value of approximately EUR 109 from about EUR 109.50 as analysts balance marginally higher discount rate assumptions with steady improvements in revenue growth, profit margins, and longer term valuation multiples highlighted in recent Street research. Analyst Commentary Recent Street research on KBC Group reflects a broadly constructive stance on medium term fundamentals, with a minority of more cautious voices tempering upside expectations.
공시 • Nov 24KBC Group NV to Report Fiscal Year 2025 Results on Apr 01, 2026KBC Group NV announced that they will report fiscal year 2025 results at 12:00 PM, Central European Standard Time on Apr 01, 2026
내러티브 업데이트 • Nov 23KBC: Near-Term Outlook Will Hinge On ABN Amro M&A Developments And Market StabilityKBC Group's analyst price target has been raised from EUR 106.73 to EUR 109.47, as analysts cite increased projected revenue growth and stronger profit margins as key drivers for the higher valuation. Analyst Commentary Recent street research reflects a range of perspectives on KBC Group's outlook, with several major institutions raising their price targets in response to evolving performance and market dynamics.
Reported Earnings • Nov 14Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: €2.44 (up from €2.14 in 3Q 2024). Revenue: €2.99b (up 9.8% from 3Q 2024). Net income: €1.00b (up 15% from 3Q 2024). Profit margin: 34% (up from 32% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
내러티브 업데이트 • Nov 06KBC: Recent Acquisition Discussions And Market Resilience Will Shape Near-Term OutlookThe analyst price target for KBC Group has been revised upward from €105.51 to €106.73. This reflects modest improvement in profit margin and overall outlook as highlighted by recent analyst updates.
내러티브 업데이트 • Oct 22Analyst Commentary Highlights Rising Price Targets and Improved Outlook for KBC GroupThe analyst price target for KBC Group has increased modestly to €105.51 from €104.83. This reflects analysts' recognition of improved revenue growth expectations and continued sector support.
내러티브 업데이트 • Oct 08Digital Transformation And European Expansion Will Unlock Future PotentialThe analyst price target for KBC Group has been increased from €102.96 to €104.83, reflecting modest upward revisions by analysts. These revisions are driven by improvements in forecast revenue growth and profit margins.
공시 • Sep 23+ 1 more updateKBC Reportedly Investigates ABN Amro TakeoverKBC Group NV (ENXTBR:KBC) is exploring a possible acquisition of its Dutch competitor, ABN Amro (ABN AMRO Bank N.V. (ENXTAM:ABN)), as part of plans to strengthen its position in Europe, sources close to the deal told Bloomberg. The Brussels-based bank is in the early stages of reviewing the feasibility of a deal, the sources said. They requested anonymity due to the confidential information involved, saying the Belgian bank is still discussing the potential internally and no decision has been made. “Referring to KBC Group’s earlier and repeated statements about its strategy, we are continuously monitoring the market to identify opportunities that strengthen our strategic goals, and we are committed to pursuing financially sound and sustainable growth,” a bank spokesperson told Bloomberg. ABN Amro declined to comment, but this is not the first time rumors have circulated about a potential takeover of the bank. BNP Paribas and Deutsche Bank have also considered ABN Amro as a potential acquisition target in recent years.
내러티브 업데이트 • Sep 19Digital Transformation And European Expansion Will Unlock Future PotentialAnalysts have raised KBC Group’s price target to €102.96, citing improving earnings momentum, robust capital generation, better asset quality, and operational efficiency amid a supportive macro environment. Analyst Commentary Bullish analysts cite improving earnings momentum and ongoing revenue growth as key drivers behind upward price target revisions.
내러티브 업데이트 • Sep 04Digital Transformation And European Expansion Will Unlock Future PotentialAnalysts maintain a positive view on KBC Group due to robust earnings growth, resilient operations, and attractive valuation, resulting in an unchanged consensus price target of €100.84. Analyst Commentary Bullish analysts cite stronger-than-expected earnings growth and operational resilience despite macroeconomic headwinds.
Declared Dividend • Aug 17First half dividend of €0.70 announcedShareholders will receive a dividend of €0.70. Ex-date: 5th November 2025 Payment date: 7th November 2025 Dividend yield will be 2.8%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (48% payout ratio) and is expected to be covered in 3 years' time (62% forecast payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • Aug 15Price target increased by 7.1% to €99.03Up from €92.45, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of €103. Stock is up 49% over the past year. The company is forecast to post earnings per share of €8.34 for next year compared to €8.33 last year.
Reported Earnings • Aug 08Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: €2.50 (up from €2.26 in 2Q 2024). Revenue: €3.16b (up 15% from 2Q 2024). Net income: €1.02b (up 12% from 2Q 2024). Profit margin: 32% (down from 33% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jul 11+ 2 more updatesKBC Group NV to Report Q3, 2026 Results on Nov 12, 2026KBC Group NV announced that they will report Q3, 2026 results at 7:00 AM, Central European Standard Time on Nov 12, 2026
Reported Earnings • May 16First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: €1.32 (up from €1.17 in 1Q 2024). Revenue: €2.95b (up 9.7% from 1Q 2024). Net income: €546.0m (up 18% from 1Q 2024). Profit margin: 19% (up from 17% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 5.6% 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 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 29Upcoming dividend of €2.21 per shareEligible shareholders must have bought the stock before 06 May 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Belgian dividend payers (6.7%). Lower than average of industry peers (5.8%).
공시 • Apr 02KBC Group NV, Annual General Meeting, Apr 30, 2025KBC Group NV, Annual General Meeting, Apr 30, 2025, at 10:00 Romance Standard Time.
Reported Earnings • Apr 01Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: €8.33. Revenue: €10.9b (down 2.7% from FY 2023). Net income: €3.33b (flat on FY 2023). Profit margin: 30% (in line with FY 2023). Net interest margin (NIM): 2.09% (up from 2.05% in FY 2023). Cost-to-income ratio: 47.0% (down from 49.0% in FY 2023). Non-performing loans: 2.15% (down from 2.27% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in Europe.
Declared Dividend • Mar 06Dividend of €2.21 announcedShareholders will receive a dividend of €2.21. Ex-date: 6th May 2025 Payment date: 8th May 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (50% payout ratio) and is expected to be covered in 3 years' time (63% forecast payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Feb 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.4% 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 1.4% 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 • Nov 08Third quarter 2024 earnings: EPS exceeds analyst expectationsThird quarter 2024 results: EPS: €2.14. Revenue: €2.73b (up 1.8% from 3Q 2023). Net income: €868.0m (down 1.0% from 3Q 2023). Profit margin: 32% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe.
새로운 내러티브 • Nov 07AI And Mobile App Transformation Set To Boost Productivity And Drive Revenue Growth Digital transformation initiatives and strong market positioning could enhance productivity, sales, and revenue, improving net margins and interest income.
공시 • Nov 07KBC Group NV to Report Fiscal Year 2024 Final Results on Mar 31, 2025KBC Group NV announced that they will report fiscal year 2024 final results on Mar 31, 2025
Upcoming Dividend • Nov 05Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 12 November 2024. Payment date: 14 November 2024. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 6.0%. Lower than top quartile of Belgian dividend payers (7.3%). In line with average of industry peers (6.2%).
공시 • Aug 22+ 3 more updatesKBC Group NV to Report Q2, 2025 Results on Aug 07, 2025KBC Group NV announced that they will report Q2, 2025 results at 7:00 AM, Central European Standard Time on Aug 07, 2025
Declared Dividend • Aug 14Dividend of €0.70 announcedShareholders will receive a dividend of €0.70. Ex-date: 12th November 2024 Payment date: 14th November 2024 Dividend yield will be 5.0%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (58% payout ratio) and is expected to be covered in 3 years' time (61% forecast payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 09Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: €2.25 (down from €2.29 in 2Q 2023). Revenue: €2.74b (down 2.1% from 2Q 2023). Net income: €925.0m (down 2.7% from 2Q 2023). Profit margin: 34% (in line with 2Q 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Revenue is forecast to grow 4.3% 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 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Aug 08+ 1 more updateKBC Group NV to Pay Interim Dividend, Payable in November 2024KBC Group NV announced that in line with its general dividend policy, it will pay an interim dividend of EUR 1 per share in November 2024 as an advance on the total dividend for financial year 2024.
Upcoming Dividend • May 20Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Belgian dividend payers (6.6%). In line with average of industry peers (6.3%).
공시 • May 18KBC Group NV Declares Extraordinary Interim Dividend, Payable on 29 May 2024KBC Group NV announced that in line with its announced capital deployment plan for full-year 2023, the Board of Directors has also decided to distribute the surplus capital above a fully loaded common equity ratio of 15% (approximately EUR 280 million) in the form of an extraordinary interim dividend of EUR 0.70 per share on 29 May 2024.
Reported Earnings • May 17First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: €1.19 (down from €2.08 in 1Q 2023). Revenue: €2.69b (down 13% from 1Q 2023). Net income: €481.0m (down 44% from 1Q 2023). Profit margin: 18% (down from 28% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • May 03Kbc Group Nv Approves to Pay A Gross Dividend for the Financial Year Ending on 31 December 2023, Payable on 15 May 2024KBC Group NV announced that the Annual General Meeting of 2 May 2024 has decided to pay a gross dividend of 4.15 euros per share for the financial year ending on 31 December 2023. Further to the payment of an interim dividend in the sum of 1 euro per share on 15 November 2023, the gross final dividend will be 3.15 euros per dividend entitled share (2.205 euros after the deduction of 30% withholding tax). Relevant dates are: Ex-coupon date: 13 May 2024. Record date: 14 May 2024. Pay date: 15 May 2024.
Reported Earnings • Apr 04Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: €8.04 (up from €6.64 in FY 2022). Revenue: €11.2b (up 15% from FY 2022). Net income: €3.34b (up 21% from FY 2022). Profit margin: 30% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.05% (up from 1.96% in FY 2022). Cost-to-income ratio: 49.0% (no change from 49.0% in FY 2022). Non-performing loans: 2.27% (down from 2.39% in FY 2022). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.5% 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 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Feb 11Final dividend of €2.21 announcedShareholders will receive a dividend of €2.21. Ex-date: 13th May 2024 Payment date: 15th May 2024 Dividend yield will be 4.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (52% payout ratio) and is expected to be covered in 3 years' time (62% forecast payout ratio). The dividend has increased by an average of 8.4% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to decline by 2.6% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Feb 09Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: €8.04 (up from €6.46 in FY 2022). Revenue: €11.2b (up 37% from FY 2022). Net income: €3.40b (up 26% from FY 2022). Profit margin: 30% (down from 33% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 12Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: €2.07 (up from €1.77 in 3Q 2022). Revenue: €2.68b (up 11% from 3Q 2022). Net income: €877.0m (up 17% from 3Q 2022). Profit margin: 33% (up from 31% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.5%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.1% 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 fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Nov 11KBC Group NV to Pay Interim Dividend, Payable on 15 November 2023KBC Group NV will pay out an interim dividend of 1 euro per share on 15 November 2023 as an advance on the total dividend for financial year 2023.
Upcoming Dividend • Nov 06Upcoming dividend of €0.70 per share at 7.4% yieldEligible shareholders must have bought the stock before 13 November 2023. Payment date: 15 November 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 7.4%. Lower than top quartile of Belgian dividend payers (7.8%). Higher than average of industry peers (6.5%).
New Risk • Oct 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.08% 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 0.08% 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.
공시 • Sep 03+ 5 more updatesKBC Group NV to Report Q4, 2024 Results on Feb 13, 2025KBC Group NV announced that they will report Q4, 2024 results at 7:00 AM, Central European Standard Time on Feb 13, 2025
공시 • Aug 23KBC Group NV (ENXTBR:KBC) commences an Equity Buyback Plan for 41,688,359 shares, representing 10% of its issued share capital, under the authorization approved on May 5, 2022.KBC Group NV (ENXTBR:KBC) commences share repurchases on August 11, 2023 under the program mandated by the shareholders in the Annual General Meeting held on May 5, 2022. As per the mandate, the company is authorized to repurchase up to 41,688,359 shares, representing 10% of its issued share capital. The shares will be repurchased at a price per share not exceeding the last closing price on Euronext Brussels prior to the date of acquisition, plus 10%, and not lower than €1 per share. The plan will be valid for 4 years. As of May 5, 2022, the company had 416,883,592 shares outstanding. On August 10, 2023, the company announced a share repurchase program after receiving approval from ECB. Under the program, the company will repurchase €1,300 million worth of shares. The purpose of the program is distributing the surplus capital. The repurchases will take place from August 11, 2023, until July 31, 2024.
Reported Earnings • Aug 11Second quarter 2023 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2023 results: EPS: €2.29 (up from €2.10 in 2Q 2022). Revenue: €2.80b (up 11% from 2Q 2022). Net income: €966.0m (up 8.9% from 2Q 2022). Profit margin: 35% (in line with 2Q 2022). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 6.8% 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 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
공시 • Aug 10KBC Group NV Announces Interim DividendKBC Group NV announced that In line with its general dividend policy, it will also pay out an interim dividend of EUR 1 per share in November 2023 as an advance on the total dividend for financial year 2023.
공시 • Jul 01KBC Group NV (ENXTBR:KBC) agreed to acquire 50% stake in Digital & Legal s.r.o. oKBC Group NV (ENXTBR:KBC) agreed to acquire 50% stake in Digital & Legal s.r.o. on June 29, 2023. KBC will acquire a 50% stake in Digital & Legal, with the option to acquire the remaining shares at a later stage.
공시 • Jun 22+ 1 more updateKBC Group NV to Report Q3, 2023 Results on Nov 09, 2023KBC Group NV announced that they will report Q3, 2023 results at 7:00 AM, Central European Standard Time on Nov 09, 2023