Reported Earnings • May 24
First quarter 2026 earnings released First quarter 2026 results: Revenue: €222.8m (flat on 1Q 2025). Net income: €92.4m (down 1.8% from 1Q 2025). Profit margin: 42% (in line with 1Q 2025). 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 15% per year, which means it is well ahead of earnings. Upcoming Dividend • May 14
Upcoming dividend of €1.35 per share Eligible shareholders must have bought the stock before 21 May 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.8%). Reported Earnings • Apr 12
Full year 2025 earnings released: EPS: €5.27 (vs €5.36 in FY 2024) Full year 2025 results: EPS: €5.27 (down from €5.36 in FY 2024). Revenue: €891.6m (flat on FY 2024). Net income: €371.0m (down 1.9% from FY 2024). Profit margin: 42% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Mar 23
Dividend increased to €1.35 Dividend of €1.35 is 17% higher than last year. Ex-date: 21st May 2026 Payment date: 26th May 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Dec 10
Oberbank AG, Annual General Meeting, May 19, 2026 Oberbank AG, Annual General Meeting, May 19, 2026. Reported Earnings • Nov 28
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €237.2m (up 3.7% from 3Q 2024). Net income: €104.7m (down 3.6% from 3Q 2024). Profit margin: 44% (down from 47% in 3Q 2024). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 22
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €216.7m (down 6.9% from 2Q 2024). Net income: €84.7m (down 20% from 2Q 2024). Profit margin: 39% (down from 45% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% 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 • May 15
First quarter 2025 earnings released First quarter 2025 results: Revenue: €223.4m (flat on 1Q 2024). Net income: €94.1m (down 1.2% from 1Q 2024). Profit margin: 42% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 09
Upcoming dividend of €1.15 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (5.7%). Buy Or Sell Opportunity • Apr 24
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at €68.80. The fair value is estimated to be €87.85, 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 23%. Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: €5.37 (vs €5.40 in FY 2023) Full year 2024 results: EPS: €5.37 (down from €5.40 in FY 2023). Revenue: €894.0m (up 5.2% from FY 2023). Net income: €378.1m (flat on FY 2023). Profit margin: 42% (down from 45% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Mar 20
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Feb 19
Oberbank AG, Annual General Meeting, May 13, 2025 Oberbank AG, Annual General Meeting, May 13, 2025. Declared Dividend • Feb 17
Dividend of €1.15 announced Shareholders will receive a dividend of €1.15. Ex-date: 16th May 2025 Payment date: 20th May 2025 Dividend yield will be 1.7%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 24
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €228.8m (up 4.7% from 3Q 2023). Net income: €108.5m (up 9.5% from 3Q 2023). Profit margin: 47% (up from 45% in 3Q 2023). Reported Earnings • Aug 23
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €232.7m (up 3.7% from 2Q 2023). Net income: €105.4m (up 5.0% from 2Q 2023). Profit margin: 45% (in line with 2Q 2023). Buy Or Sell Opportunity • Jul 08
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 8.8% to €74.20. The fair value is estimated to be €59.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 24%. Buy Or Sell Opportunity • May 20
Now 26% overvalued The stock has been flat over the last 90 days, currently trading at €72.00. The fair value is estimated to be €57.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 27%. Reported Earnings • May 17
First quarter 2024 earnings released First quarter 2024 results: Revenue: €223.9m (down 11% from 1Q 2023). Net income: €95.2m (down 26% from 1Q 2023). Profit margin: 43% (down from 51% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. 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 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 10
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.4%). Reported Earnings • Apr 04
Full year 2023 earnings released Full year 2023 results: Revenue: €850.1m (up 35% from FY 2022). Net income: €381.3m (up 57% from FY 2022). Profit margin: 45% (up from 38% in FY 2022). The increase in margin was driven by higher revenue. Buy Or Sell Opportunity • Mar 25
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to €73.00. The fair value is estimated to be €55.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 35%. New Risk • Mar 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Declared Dividend • Feb 28
Dividend of €1.00 announced Shareholders will receive a dividend of €1.00. Ex-date: 16th May 2024 Payment date: 21st May 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 16
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to €73.00. The fair value is estimated to be €55.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 35%. Reported Earnings • Aug 27
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €224.3m (up 65% from 2Q 2022). Net income: €100.4m (up 180% from 2Q 2022). Profit margin: 45% (up from 26% in 2Q 2022). The increase in margin was driven by higher revenue. New Risk • Jul 19
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 6.6% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • May 26
First quarter 2023 earnings released First quarter 2023 results: Revenue: €252.8m (up 72% from 1Q 2022). Net income: €128.5m (up 199% from 1Q 2022). Profit margin: 51% (up from 29% in 1Q 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • May 15
Upcoming dividend of €1.45 per share at 1.2% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.1%). Reported Earnings • Apr 06
Full year 2022 earnings released Full year 2022 results: Revenue: €632.3m (up 2.9% from FY 2021). Net income: €242.2m (up 3.7% from FY 2021). Profit margin: 38% (in line with FY 2021). Upcoming Dividend • May 13
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 20 May 2022. Payment date: 24 May 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (6.7%). Reported Earnings • Apr 09
Full year 2021 earnings released Full year 2021 results: Revenue: €614.4m (up 31% from FY 2020). Net income: €233.4m (up 91% from FY 2020). Profit margin: 38% (up from 26% in FY 2020). The increase in margin was driven by higher revenue. Reported Earnings • Dec 05
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: €2.15 (up from €1.64 in 3Q 2020). Revenue: €168.1m (up 12% from 3Q 2020). Net income: €75.9m (up 31% from 3Q 2020). Profit margin: 45% (up from 39% in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 20
Upcoming dividend of €0.17 per share Eligible shareholders must have bought the stock before 27 October 2021. Payment date: 29 October 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.9%). Reported Earnings • May 27
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: €154.3m (up €145.2m from 1Q 2020). Net income: €49.1m (up €123.1m from 1Q 2020). Profit margin: 32% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • May 10
Upcoming dividend of €0.58 per share Eligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.7%). Reported Earnings • Mar 28
Full year 2020 earnings released: EPS €3.48 (vs €6.09 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €469.1m (down 16% from FY 2019). Net income: €122.4m (down 43% from FY 2019). Profit margin: 26% (down from 39% in FY 2019). Cost-to-income ratio: 58.5% (up from 50.0% in FY 2019). Non-performing loans: 1.87% (down from 1.94% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 11
New 90-day high: €87.20 The company is up 5.0% from its price of €83.40 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 12% over the same period. Is New 90 Day High Low • Feb 03
New 90-day high: €84.00 The company is up 2.0% from its price of €82.60 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: €83.60 The company is up 1.0% from its price of €82.80 on 14 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 19% over the same period. Announcement • Oct 05
Oberbank AG to Report Fiscal Year 2009 Results on 04/01/2010 Oberbank AG announced that they will report fiscal year 2009 results on 04/01/2010