View ValuationErste Group Bank 향후 성장Future 기준 점검 3/6Erste Group Bank (는) 각각 연간 9.9% 및 10.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 10.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 15.3% 로 예상됩니다.핵심 정보9.9%이익 성장률10.33%EPS 성장률Banks 이익 성장8.2%매출 성장률10.9%향후 자기자본이익률15.35%애널리스트 커버리지Good마지막 업데이트18 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent 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%).공시 • 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.공시 • 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.공시 • 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, 2026공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2024공시 • 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.공시 • 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.공시 • 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.공시 • 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.이익 및 매출 성장 예측BVB:EBS - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202817,3764,761N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: EBS 의 연간 예상 수익 증가율(9.9%)이 saving rate(6.8%)보다 높습니다.수익 vs 시장: EBS 의 연간 수익(9.9%)이 RO 시장(9.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: EBS 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: EBS 의 수익(연간 10.9%)이 RO 시장(연간 4.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: EBS 의 수익(연간 10.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: EBS의 자본 수익률은 3년 후 15.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 05:42종가2026/05/22 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 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스Erste Group Bank AG는 31명의 분석가가 다루고 있습니다. 이 중 13명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Ivan BokhmatBarclaysKrishnendra DubeyBarclaysEoin MullanyBerenberg28명의 분석가 더 보기
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%).
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.