Aankondiging • Mar 02
mBank S.A., Annual General Meeting, Mar 31, 2026 mBank S.A., Annual General Meeting, Mar 31, 2026, at 14:00 Central European Standard Time. Aankondiging • Mar 03
mBank S.A., Annual General Meeting, Mar 27, 2025 mBank S.A., Annual General Meeting, Mar 27, 2025. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: zł13.49 (vs zł1.96 loss in 3Q 2023) Third quarter 2024 results: EPS: zł13.49 (up from zł1.96 loss in 3Q 2023). Revenue: zł3.02b (up 17% from 3Q 2023). Net income: zł572.9m (up zł655.9m from 3Q 2023). Profit margin: 19% (up from net loss in 3Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: zł9.93 (vs zł0.37 loss in 2Q 2023) Second quarter 2024 results: EPS: zł9.93 (up from zł0.37 loss in 2Q 2023). Revenue: zł2.78b (up 9.3% from 2Q 2023). Net income: zł421.9m (up zł437.3m from 2Q 2023). Profit margin: 15% (up from net loss in 2Q 2023). Revenue is forecast to grow 2.5% 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 30% per year whereas the company’s share price has increased by 28% per year. Aankondiging • Jun 09
mBank's Supervisory Board Conditionally Appoints Cezary Kocik as CEO mBank supervisory board has conditionally appointed Cezary Kocik as CEO of the bank. Kocik will take over as mBank's CEO after receiving approval from the Poland's financial watchdog KNF and after the termination of office of the current CEO. Cezary Kocik has been involved with the bank since 2004 and since 2012, he was deputy CEO of the management board for retail banking at mBank. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: zł6.18 (vs zł3.32 in 1Q 2023) First quarter 2024 results: EPS: zł6.18 (up from zł3.32 in 1Q 2023). Revenue: zł2.93b (up 24% from 1Q 2023). Net income: zł262.5m (up 84% from 1Q 2023). Profit margin: 9.0% (up from 6.0% in 1Q 2023). Revenue is forecast to grow 2.9% 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 fallen by 2% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Aankondiging • Mar 02
mBank S.A., Annual General Meeting, Mar 27, 2024 mBank S.A., Annual General Meeting, Mar 27, 2024, at 14:00 Central European Standard Time. Location: Warsaw, 18 Prosta Street Warsaw Poland Agenda: To approval of the Management Board Report on Performance of mBank S.A. Group in 2023; to approval of the Financial Statements of mBank S.A. for 2023; to division of the 2023 net profit; to division of the undivided profits from previous years; to approval of election to the Supervisory Board, on the basis of § 19 section 3 of the By-laws of mBank S.A; to approval of the Consolidated Financial Statements of mBank Group for 2023; and to discuss other matters. Aankondiging • Jan 19
mBank Provides Earnings Guidance for the Fourth Quarter and Fiscal Year 2023 mBank provided earnings guidance for the fourth quarter and fiscal year 2023. for the quarter, the company expects preliminary net result for the fourth quarter of 2023 will be negative or close to zero.For the year, the company expects net profit to be positive or close to zero. Aankondiging • Dec 20
mBank S.A. to Report Fiscal Year 2023 Results on Feb 29, 2024 mBank S.A. announced that they will report fiscal year 2023 results on Feb 29, 2024 New Risk • Nov 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 66% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł2.59b (up 131% from 3Q 2022). Net loss: zł83.0m (loss narrowed 96% from 3Q 2022). Revenue is forecast to grow 1.4% 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, the company's share price growth rate has exceeded its earnings growth rate by 156 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 21
Marcus Chromik Steps Down from Supervisory Board at mBank On 20 October 2023, Dr. Marcus Chromik submitted his resignation as a member of mBank's supervisory board to Professor Agnieszka Slomka - Golebiowska, Chairman of the Bank's Supervisory Board, effective 31 December 2023. Reported Earnings • Aug 03
Second quarter 2023 earnings released: zł0.37 loss per share (vs zł5.42 profit in 2Q 2022) Second quarter 2023 results: zł0.37 loss per share (down from zł5.42 profit in 2Q 2022). Revenue: zł2.56b (up 26% from 2Q 2022). Net loss: zł15.5m (down 107% from profit in 2Q 2022). Revenue is forecast to grow 5.5% 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, the company's share price growth rate has exceeded its earnings growth rate by 126 percentage points per year, which is a significant difference in performance. New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% 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. Reported Earnings • Apr 30
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł2.41b (up 25% from 1Q 2022). Net income: zł142.8m (down 72% from 1Q 2022). Profit margin: 5.9% (down from 27% in 1Q 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 10
Full year 2022 earnings released: zł16.56 loss per share (vs zł27.82 loss in FY 2021) Full year 2022 results: zł16.56 loss per share (improved from zł27.82 loss in FY 2021). Revenue: zł7.45b (up 36% from FY 2021). Net loss: zł702.7m (loss narrowed 40% from FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 10
mBank S.A. Provides Earnings Guidance for the Year 2023 mBank S.A. provided earnings guidance for the year 2023. The company expects to generate a net profit in 2023 after suffering a PLN 702.7 million group net loss in 2022. Recent Insider Transactions • Jan 30
Key Executive recently sold €153k worth of stock On the 26th of January, Krzysztof Dabrowski sold around 2k shares on-market at roughly €68.39 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Krzysztof's only on-market trade for the last 12 months. Aankondiging • Jan 19
mBank S.A. Announces CFO Changes mBank S.A. announced that received a resignation from its CFO Andreas Boeger effective April 30, 2023 and may appoint Commerzbank insider Pascal Ruhland as a replacement. Aankondiging • Sep 29
mBank S.A. Provides Earnings Guidance for the Year 2022 mBank S.A. provided earnings guidance for the year 2022. mBank expects to report a net loss for 2022 as provisioning for legal risk related to FX mortgage loans will soar by PLN 2.34 billion in third quarter to PLN 6.80 billion. Reported Earnings • Aug 05
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł2.04b (up 60% from 2Q 2021). Net income: zł229.7m (up 111% from 2Q 2021). Profit margin: 11% (up from 8.5% in 2Q 2021). Over the next year, revenue is forecast to grow 27%, compared to a 15% growth forecast for the industry in Germany. Aankondiging • Aug 04
mBank S.A. Provides Sales Guidance for the Third and Fourth Quarter of 2022 mBank S.A. provided sales guidance for the third and fourth quarter of 2022. For the third quarter, the company expects sales will be significantly lower than second quarter. For the fourth quarter, the company expects sales may pick up. Reported Earnings • May 12
First quarter 2022 earnings released: EPS: zł12.09 (vs zł7.49 in 1Q 2021) First quarter 2022 results: EPS: zł12.09 (up from zł7.49 in 1Q 2021). Revenue: zł1.91b (up 35% from 1Q 2021). Net income: zł512.3m (up 62% from 1Q 2021). Profit margin: 27% (up from 22% in 1Q 2021). Over the next year, revenue is forecast to grow 32%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Aankondiging • May 02
mBank S.A. to Report Q4, 2022 Results on Feb 09, 2023 mBank S.A. announced that they will report Q4, 2022 results on Feb 09, 2023 Aankondiging • Mar 06
mBank S.A., Annual General Meeting, Mar 31, 2022 mBank S.A., Annual General Meeting, Mar 31, 2022, at 14:00 Central European Standard Time. Location: 18 Prosta Street Warsaw Poland Agenda: To consider Statement by the President of the Management Board of mBank S.A.; presentation of the Management Board Report on the Business of mBank Group, including the Management Board Report on the Business of mBank S.A. for 2021, the financial statements of mBank S.A. for the financial year 2021 and the consolidated financial statements of mBank Group for 2021;to consider statement by the Chairperson of the Supervisory Board of mBank S.A. and presentation of the Report on activities of the Supervisory Board and the present position of mBank SA; to consider review of the Management Board Report on the Business of mBank Group, including the Management Board Report on the Business of mBank S.A. for 2021, Report of the Supervisory Board of mBank S.A., and the financial statements of mBank S.A. for 2021; to consider Review of the consolidated financial statements of mBank Group for 2021; and to consider other matters. Aankondiging • Feb 10
mBank Announces Court Rejection of FX Loan Class Action Suit mBank announced court rejection of an FX loan class action suit filed by a group of 1.7k borrowers seeking invalidation of their loan contracts. Reported Earnings • Feb 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: zł27.82 loss per share (down from zł2.45 profit in FY 2020). Revenue: zł5.55b (up 18% from FY 2020). Net loss: zł1.18b (down zł1.28b from profit in FY 2020). Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 20%, compared to a 12% growth forecast for the banks industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 09
mBank S.A. Provides Earnings Guidance for the Year 2022 mBank S.A. provided earnings guidance for the year 2022. The company expects its net interest income will increase to above PLN 5 billion in 2022. Aankondiging • Jan 25
mBank S.A. Provides Earnings Guidance for the Year 2021 mBank S.A. provided earnings guidance for the year 2021. mBank expects to post a net group loss of PLN 1.2 billion in 2021 after booking a PLN 2.006 billion in legal risk provisioning in fourth quarter. Buying Opportunity • Jan 14
Now 22% undervalued Over the last 90 days, the stock is up 1.3%. The fair value is estimated to be zł138, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% per annum over the last 3 years. Earnings per share has declined by 54% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 20% share price gain to €107, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Banks industry in Europe. Total returns to shareholders of 8.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €139 per share. Reported Earnings • Nov 04
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: zł1.37b (up 15% from 3Q 2020). Net income: zł26.6m (down 74% from 3Q 2020). Profit margin: 1.9% (down from 8.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 04
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł1.30b (up 14% from 2Q 2020). Net income: zł108.7m (up 25% from 2Q 2020). Profit margin: 8.4% (up from 7.6% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improved over the past week After last week's 17% share price gain to zł74.75, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Banks industry in Europe. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €96.64 per share. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 18% share price gain to zł59.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Banks industry in Europe. Total returns to shareholders of 53% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €91.89 per share. Reported Earnings • May 02
First quarter 2021 earnings released: EPS zł7.49 (vs zł2.15 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł1.44b (up 35% from 1Q 2020). Net income: zł317.1m (up 249% from 1Q 2020). Profit margin: 22% (up from 8.6% in 1Q 2020). Aankondiging • Apr 30
mBank S.A. Reports Impairment Loss for the First Quarter of 2021 mBank S.A. reported impairment loss for the first Quarter of 2021. For the quarter, the company reported impairment loss of PLN 468.1 million. Executive Departure • Mar 30
Member of Supervisory Board has left the company On the 25th of March, Sabine Schmittroth's tenure as Member of Supervisory Board ended after less than a year in the role. We don't have any record of a personal shareholding under Sabine's name. A total of 5 executives have left over the last 12 months. Aankondiging • Mar 05
mBank Gets Regulator's Nod to Appoint Marek Lusztyn as chief risk officer mBank secured financial market regulator KNF's nod to appoint Marek Lusztyn as the bank's chief risk officer. Aankondiging • Feb 26
mBank S.A., Annual General Meeting, Mar 24, 2021 mBank S.A., Annual General Meeting, Mar 24, 2021, at 15:00 Central European Standard Time. Agenda: To consider statement by the President of the Management Board of the Bank presenting the following: Report of the Management Board on the Business of the Bank and the Financial Statements of the Bank for the financial year 2020, Report on the Business of mBank Group for 2020 and the consolidated financial statements of mBank Group for 2020; to consider statement by the Chairperson of the Supervisory Board of mBank S.A. and presentation of the Report on activities of the Supervisory Board and the present position of mBank SA; to consider review of the Management Board Report on the Business of mBank Group, including the Management Board Report on the Business of mBank S.A. for 2020, Report of the Supervisory Board of mBank S.A., and the financial statements of mBank S.A. for 2020; to consider Review of the consolidated financial statements of mBank Group for 2020; and to consider other matters. Is New 90 Day High Low • Feb 18
New 90-day high: €47.50 The company is up 33% from its price of €35.74 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed 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 €61.47 per share. Reported Earnings • Feb 11
Full year 2020 earnings released: EPS zł2.45 (vs zł23.86 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: zł4.81b (down 2.2% from FY 2019). Net income: zł103.8m (down 90% from FY 2019). Profit margin: 2.2% (down from 21% in FY 2019). The decrease in margin was primarily driven by higher expenses. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 16% share price gain to zł45.30, the stock is trading at a trailing P/E ratio of 23.5x, up from the previous P/E ratio of 20.3x. This compares to an average P/E of 12x in the Banks industry in Europe. Total return to shareholders over the past year is a loss of 48%. Is New 90 Day High Low • Jan 11
New 90-day high: €45.30 The company is up 25% from its price of €36.22 on 13 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €44.73 per share. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 32% share price gain to zł43.56, the stock is trading at a trailing P/E ratio of 20.2x, up from the previous P/E ratio of 15.4x. This compares to an average P/E of 11x in the Banks industry in Europe. Total return to shareholders over the past year is a loss of 48%. Is New 90 Day High Low • Dec 10
New 90-day high: €43.56 The company is up 9.0% from its price of €39.84 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Banks industry, which is also up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.89 per share. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 19% share price gain to zł32.68, the stock is trading at a trailing P/E ratio of 18.1x, up from the previous P/E ratio of 15.2x. This compares to an average P/E of 10x in the Banks industry in Europe. Total return to shareholders over the past year is a loss of 64%. Aankondiging • Nov 11
mBank Selects kACE Treasury Pricing System for Forward Pricing and Publishing kACE, a division of Fenics Software Limited, an entity within the BGC Partners Inc. group of companies announced it has signed up mBank to utilize kACE's treasury pricing system, kACE Treasury, to enable the bank to price and distribute FX products through its e-commerce platform and across the institution. kACE Treasury is fully integrated with the bank's existing treasury systems, both proprietary and those provided by third parties, to allow for a seamless workflow solution for its users. mBank will be publishing 54 currency pairs and crosses. Valuation Update With 7 Day Price Move • Oct 30
Market pulls back on stock over the past week After last week's 17% share price decline to zł26.30, the stock is trading at a trailing P/E ratio of 7.5x, down from the previous P/E ratio of 8.9x. This compares to an average P/E of 21x in the Banks industry in Germany. Total return to shareholders over the past year is a loss of 70%. Is New 90 Day High Low • Oct 15
New 90-day low: €32.54 The company is down 30% from its price of €46.48 on 17 July 2020. The German 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 flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.54 per share. Aankondiging • Oct 05
BRE Bank SA to Report Q4, 2009 Results on 02/09/2010 BRE Bank SA announced that they will report Q4, 2009 results on 02/09/2010 Is New 90 Day High Low • Sep 26
New 90-day low: €36.28 The company is down 31% from its price of €52.65 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.28 per share.