Reported Earnings • May 02
First 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 43% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 15
Upcoming dividend of €0.75 per share Eligible 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 German dividend payers (4.6%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 27
Full 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 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • 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. Announcement • Dec 09
Erste Group Bank AG, Annual General Meeting, Apr 17, 2026 Erste Group Bank AG, Annual General Meeting, Apr 17, 2026. Reported Earnings • Nov 02
Third 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 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • 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. Reported Earnings • Aug 03
Second 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 47% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 19
Upcoming dividend of €3.00 per share Eligible 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 German dividend payers (4.4%). Lower than average of industry peers (5.4%). Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €70.10, 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 205% over the past three years. Reported Earnings • May 02
First 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 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • 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. Declared Dividend • Mar 24
Dividend increased to €3.00 Dividend of €3.00 is 11% higher than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 4.4%, 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. Announcement • 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. Reported Earnings • Mar 04
Full 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 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • 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. Announcement • Dec 02
Erste Group Bank AG, Annual General Meeting, May 21, 2025 Erste Group Bank AG, Annual General Meeting, May 21, 2025. Reported Earnings • Nov 01
Third quarter 2024 earnings released Third 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. Reported Earnings • Aug 04
Second 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 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 20
Upcoming dividend of €2.70 per share Eligible 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%. Within top quartile of German dividend payers (4.6%). In line with average of industry peers (6.3%). Reported Earnings • Apr 30
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 3.4% 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 01
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 3.0% 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 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 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 30
Third 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 24% per year, which means it is significantly lagging earnings growth. Announcement • 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 Announcement • Oct 18
Erste Group Bank AG to Report Nine Months, 2023 Results on Oct 30, 2023 Erste Group Bank AG announced that they will report nine months, 2023 results on Oct 30, 2023 
