Aankondiging • Feb 27
Erste Group Bank AG announces Annual dividend, payable on April 24, 2026 Erste 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. Aankondiging • Dec 09
Erste Group Bank AG, Annual General Meeting, Apr 17, 2026 Erste Group Bank AG, Annual General Meeting, Apr 17, 2026. Aankondiging • Oct 03
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). 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. Aankondiging • Apr 28
Erste Group Weighs Buying 49% of Santander’s Polish Unit Erste 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. Aankondiging • Mar 23
Erste Group Bank AG announces Annual dividend, payable on May 28, 2025 Erste 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. Aankondiging • Feb 13
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. 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. Aankondiging • Dec 02
Erste Group Bank AG, Annual General Meeting, May 21, 2025 Erste Group Bank AG, Annual General Meeting, May 21, 2025. Reported Earnings • May 01
First 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 3.8% growth forecast for the Banks industry in the United Kingdom. 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 12% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 29
Dividend increased to €2.70 Dividend of €2.70 is 42% higher than last year. Ex-date: 27th May 2024 Payment date: 29th May 2024 Dividend yield will be 6.1%, which is lower than the industry average of 6.5%. Sustainability & Growth Dividend is well covered by earnings (40% payout ratio) and is expected to be well covered in 3 years' time (45% forecast payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.1% over the next 3 years. However, it would need to fall by 56% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Mar 02
Full 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 3.8% growth forecast for the Banks industry in the United Kingdom. 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 10% per year, which means it is significantly lagging earnings growth. New Risk • Mar 01
New minor risk - Shareholder dilution The 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 Risks Shares are highly illiquid. 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). Declared Dividend • Feb 27
Dividend increased to €2.70 Dividend of €2.70 is 42% higher than last year. Ex-date: 27th May 2024 Payment date: 29th May 2024 Dividend yield will be 6.9%, which is higher than the industry average of 6.5%. Sustainability & Growth Dividend is well covered by earnings (30% payout ratio) and is expected to be well covered in 3 years' time (49% forecast payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 14% over the next 3 years. However, it would need to fall by 67% to increase the payout ratio to a potentially unsustainable range. Declared Dividend • Feb 01
Dividend increased to €2.70 Dividend of €2.70 is 42% higher than last year. Ex-date: 27th May 2024 Payment date: 29th May 2024 Dividend yield will be 6.8%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by earnings (30% payout ratio) and is expected to be well covered in 3 years' time (47% forecast payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 15% over the next 3 years. However, it would need to fall by 67% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: €1.90 (vs €1.19 in 3Q 2022) Third quarter 2023 results: EPS: €1.90 (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 1.4% p.a. on average during the next 3 years, while revenues in the Banks industry in the United Kingdom are expected to remain flat. 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 23% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 14
Erste Group Bank AG to Report Fiscal Year 2023 Results on Feb 29, 2024 Erste Group Bank AG announced that they will report fiscal year 2023 results on Feb 29, 2024 Reported Earnings • Aug 01
Second 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 3.8% growth forecast for the Banks industry in the United Kingdom. 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 20
New major risk - Revenue and earnings growth Earnings 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 Shares are highly illiquid. 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. Aankondiging • Jun 28
Erste Group Bank AG Appoints Ulrike Gehmacher as Head of Sustainability Effective July 1, 2023 Erste 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. Aankondiging • May 13
Erste Group Bank AG Approves Election of Mag. Christiane Tusek to the Supervisory Board Erste Group Bank AG at its AGM held on May 2, 2023, approved Election of Mag. Christiane Tusek to the Supervisory Board. Upcoming Dividend • May 09
Upcoming dividend of €1.90 per share at 5.7% yield Eligible 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%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.5%). Reported Earnings • May 05
First 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 2.4% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 35% per year 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 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €30.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Banks industry in the United Kingdom. Total returns to shareholders of 93% over the past three years. Reported Earnings • Mar 03
Full 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 5.7% growth forecast for the Banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
Second 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 11% growth forecast for the industry in the United Kingdom. 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 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 01
First 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 5.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 15% share price gain to €32.52, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in the United Kingdom. Total returns to shareholders of 2.8% over the past three years. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full 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 2.0% growth forecast for the banks industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €32.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in the United Kingdom. Negligible returns to shareholders over past three years. Reported Earnings • Nov 04
Third 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 2% per year, which means it is well ahead of earnings. Reported Earnings • Jul 31
Second 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 3% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
First quarter 2021 earnings released The 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 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 02
Full 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 13% per year. Is New 90 Day High Low • Feb 25
New 90-day high: €27.26 The company is up 10.0% from its price of €24.74 on 26 November 2020. The British market is up 6.0% 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 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.64 per share. Is New 90 Day High Low • Feb 08
New 90-day high: €27.14 The company is up 25% from its price of €21.78 on 10 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.63 per share. Is New 90 Day High Low • Jan 07
New 90-day high: €26.27 The company is up 45% from its price of €18.11 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.29 per share. Is New 90 Day High Low • Dec 15
New 90-day high: €25.54 The company is up 25% from its price of €20.48 on 16 September 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €24.03 per share. 
