Tillkännagivande • 1h
KBC Group Announces Executive and Member Changes KBC Group announced the appointment of Kris Vervaet as CIO and member of the Executive Committee of KBC Group, subject to approval by the European Central Bank and the National Bank of Belgium. He will assume the role on September 1, 2026 and will work closely with Erik Luts in the coming months to ensure a smooth continuation. Erik Luts will retire on August 31, 2026 after a career that began in education, followed by early exposure to technology during the rise of personal computing, working for an Apple reseller. In 1988, he joined what was then Kredietbank. Over the following decades, he played a key role in KBC’s digital transformation, contributing to the development of digital channels, payment solutions and the Isabel platform. He also gained international experience at Nova Ljubljanska banka in Slovenia, where he contributed to preparations for the introduction of the euro. Back in Belgium, he held several senior leadership roles in HR, organisation and direct channels. In 2017, he joined KBC Group’s Executive Committee as Chief Innovation Officer, with responsibility for digital transformation, ICT, innovation and shared services. Kris Vervaet holds a degree in civil engineering in communication and electronics from Ghent University and complemented this with executive programmes at Stanford, Columbia and IMD. He brings more than 30 years of experience in technology, operations and digital transformation across telecom, energy, media and finance. He held senior leadership roles at Proximus, EDF and EDF Luminus, where he combined commercial, operational and IT responsibilities and led large-scale transformation programmes. At DPG Media, he served as CEO of the Belgian activities and as COO/CDO at group level, driving digital acceleration and operational excellence. Since joining KBC, Kris has played a central role in organisation, operations and IT, launching transformation initiatives focused on automation and efficiency. He is currently CIO of KBC Belgium. Direktnyheter • Jun 18
KBC Group Stock Watch as Anchor Shareholder Leadership Changes Raise Governance Questions Frederik Vandepitte has resigned as CEO of Cera Group and KBC Ancora after just over two years in the role.
Cera and KBC Ancora, which together control more than 41% of KBC Group, have appointed Marc De Ceuster and former CEO Franky Depickere to interim leadership positions.
The leadership reshuffle at these anchor shareholders has raised governance questions given their central role in KBC Group’s shareholder structure and long-term orientation.
The key issue for KBC Group is whether this change at its core shareholders affects decision-making stability or the alignment between the bank and its anchor investors.
Investors may want to watch for any updates on governance frameworks, voting behavior at general meetings, or shifts in engagement with KBC Group’s board as indicators of how influential this transition becomes over time. Reported Earnings • May 13
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: €1.32 (up from €1.29 in 1Q 2025). Revenue: €3.06b (up 16% from 1Q 2025). Net income: €557.0m (up 12% from 1Q 2025). Profit margin: 18% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Direktnyheter • May 13
KBC Group Reports €557 Million Profit and Expands in Central Europe With New Acquisitions KBC Group reported a first-quarter 2026 net profit of €557 million.
The bank completed the acquisitions of 365.bank in Slovakia and Business Lease in the Czech Republic and Slovakia, which together added €13 million to quarterly profit.
Shareholders approved a final dividend of €4.1 per share to be paid on 20 May 2026, bringing the total 2025 dividend to €5.1 per share.
The combination of a sizeable quarterly profit and a substantial total 2025 dividend indicates that management is currently focusing on both earnings generation and cash returns to shareholders.
The recent acquisitions also show KBC Group adding to its presence in Slovakia and the Czech Republic, so you may want to monitor how these businesses are integrated and how much they contribute to profit over the coming quarters relative to the cost of expansion. Tillkännagivande • May 13
KBC Group NV Approves Final Dividend for 2025, Payable on 20 May 2026 KBC Group NV announced as approved by the General Meeting of Shareholders on 7 May 2026, it will pay a final dividend of EUR 4.1 per share on 20 May 2026, bringing the total dividend for full-year 2025 to EUR 5.1 per share and the pay-out ratio to 60% of 2025 net profit. Upcoming Dividend • May 11
Upcoming dividend of €2.87 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Belgian dividend payers (6.3%). In line with average of industry peers (4.7%). Reported Earnings • Apr 04
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: €8.69 (up from €8.33 in FY 2024). Revenue: €11.9b (up 9.0% from FY 2024). Net income: €3.45b (up 3.6% from FY 2024). Profit margin: 29% (down from 30% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.07% (down from 2.09% in FY 2024). Cost-to-income ratio: 46.0% (down from 47.0% in FY 2024). Non-performing loans: 1.94% (down from 2.15% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Apr 02
KBC Group NV, Annual General Meeting, May 07, 2026 KBC Group NV, Annual General Meeting, May 07, 2026, at 10:00 Romance Standard Time. Reported Earnings • Feb 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: €8.69 (up from €8.33 in FY 2024). Revenue: €11.9b (up 9.0% from FY 2024). Net income: €3.45b (up 3.6% from FY 2024). Profit margin: 29% (down from 30% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 2.07% (down from 2.09% in FY 2024). Cost-to-income ratio: 46.0% (down from 47.0% in FY 2024). Non-performing loans: 1.95% (down from 2.15% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 12
KBC Group NV Proposes Dividend for the Accounting Year 2025, Payable in May 2026 KBC Group NV's Board of Directors has decided to propose a total gross dividend of EUR 5.1 per share to the General Meeting of Shareholders for the accounting year 2025. That figure includes an interim dividend of EUR 1 per share that was already paid in November 2025 and the remaining EUR 4.1 per share to be paid in May 2026. When including the proposed dividend of EUR 5.1 per share and additional tier-1 coupon, the pay-out ratio amounts to 60% of 2025 net profit. Tillkännagivande • Nov 24
KBC Group NV to Report Fiscal Year 2025 Results on Apr 01, 2026 KBC Group NV announced that they will report fiscal year 2025 results at 12:00 PM, Central European Standard Time on Apr 01, 2026 Reported Earnings • Nov 14
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: €2.44 (up from €2.14 in 3Q 2024). Revenue: €2.99b (up 9.8% from 3Q 2024). Net income: €1.00b (up 15% from 3Q 2024). Profit margin: 34% (up from 32% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Aug 17
First half dividend of €0.70 announced Shareholders will receive a dividend of €0.70. Ex-date: 5th November 2025 Payment date: 7th November 2025 Dividend yield will be 2.8%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (48% payout ratio) and is expected to be covered in 3 years' time (62% forecast payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Aug 15
Price target increased by 7.1% to €99.03 Up from €92.45, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of €103. Stock is up 49% over the past year. The company is forecast to post earnings per share of €8.34 for next year compared to €8.33 last year. Reported Earnings • Aug 08
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: €2.50 (up from €2.26 in 2Q 2024). Revenue: €3.16b (up 15% from 2Q 2024). Net income: €1.02b (up 12% from 2Q 2024). Profit margin: 32% (down from 33% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 8.9%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 16
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: €1.32 (up from €1.17 in 1Q 2024). Revenue: €2.95b (up 9.7% from 1Q 2024). Net income: €546.0m (up 18% from 1Q 2024). Profit margin: 19% (up from 17% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 5.6% 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 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 29
Upcoming dividend of €2.21 per share Eligible shareholders must have bought the stock before 06 May 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of Belgian dividend payers (6.7%). Lower than average of industry peers (5.8%). Tillkännagivande • Apr 02
KBC Group NV, Annual General Meeting, Apr 30, 2025 KBC Group NV, Annual General Meeting, Apr 30, 2025, at 10:00 Romance Standard Time. Reported Earnings • Apr 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €8.33. Revenue: €10.9b (down 2.7% from FY 2023). Net income: €3.33b (flat on FY 2023). Profit margin: 30% (in line with FY 2023). Net interest margin (NIM): 2.09% (up from 2.05% in FY 2023). Cost-to-income ratio: 47.0% (down from 49.0% in FY 2023). Non-performing loans: 2.15% (down from 2.27% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in Europe. Declared Dividend • Mar 06
Dividend of €2.21 announced Shareholders will receive a dividend of €2.21. Ex-date: 6th May 2025 Payment date: 8th May 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (50% payout ratio) and is expected to be covered in 3 years' time (63% forecast payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% 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 Risk Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: €2.14. Revenue: €2.73b (up 1.8% from 3Q 2023). Net income: €868.0m (down 1.0% from 3Q 2023). Profit margin: 32% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Tillkännagivande • Nov 07
KBC Group NV to Report Fiscal Year 2024 Final Results on Mar 31, 2025 KBC Group NV announced that they will report fiscal year 2024 final results on Mar 31, 2025 Upcoming Dividend • Nov 05
Upcoming dividend of €0.70 per share Eligible shareholders must have bought the stock before 12 November 2024. Payment date: 14 November 2024. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 6.0%. Lower than top quartile of Belgian dividend payers (7.3%). In line with average of industry peers (6.2%). Declared Dividend • Aug 14
Dividend of €0.70 announced Shareholders will receive a dividend of €0.70. Ex-date: 12th November 2024 Payment date: 14th November 2024 Dividend yield will be 5.0%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (58% payout ratio) and is expected to be covered in 3 years' time (61% forecast payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: €2.25 (down from €2.29 in 2Q 2023). Revenue: €2.74b (down 2.1% from 2Q 2023). Net income: €925.0m (down 2.7% from 2Q 2023). Profit margin: 34% (in line with 2Q 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Revenue is forecast to grow 4.3% 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 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 20
Upcoming dividend of €0.70 per share Eligible shareholders must have bought the stock before 27 May 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Belgian dividend payers (6.6%). In line with average of industry peers (6.3%). Tillkännagivande • May 18
KBC Group NV Declares Extraordinary Interim Dividend, Payable on 29 May 2024 KBC Group NV announced that in line with its announced capital deployment plan for full-year 2023, the Board of Directors has also decided to distribute the surplus capital above a fully loaded common equity ratio of 15% (approximately EUR 280 million) in the form of an extraordinary interim dividend of EUR 0.70 per share on 29 May 2024. Reported Earnings • May 17
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: €1.19 (down from €2.08 in 1Q 2023). Revenue: €2.69b (down 13% from 1Q 2023). Net income: €481.0m (down 44% from 1Q 2023). Profit margin: 18% (down from 28% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 3.8% 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 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • May 03
Kbc Group Nv Approves to Pay A Gross Dividend for the Financial Year Ending on 31 December 2023, Payable on 15 May 2024 KBC Group NV announced that the Annual General Meeting of 2 May 2024 has decided to pay a gross dividend of 4.15 euros per share for the financial year ending on 31 December 2023. Further to the payment of an interim dividend in the sum of 1 euro per share on 15 November 2023, the gross final dividend will be 3.15 euros per dividend entitled share (2.205 euros after the deduction of 30% withholding tax). Relevant dates are: Ex-coupon date: 13 May 2024. Record date: 14 May 2024. Pay date: 15 May 2024. Reported Earnings • Apr 04
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: €8.04 (up from €6.64 in FY 2022). Revenue: €11.2b (up 15% from FY 2022). Net income: €3.34b (up 21% from FY 2022). Profit margin: 30% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.05% (up from 1.96% in FY 2022). Cost-to-income ratio: 49.0% (no change from 49.0% in FY 2022). Non-performing loans: 2.27% (down from 2.39% in FY 2022). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.5% 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 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 11
Final dividend of €2.21 announced Shareholders will receive a dividend of €2.21. Ex-date: 13th May 2024 Payment date: 15th May 2024 Dividend yield will be 4.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (52% payout ratio) and is expected to be covered in 3 years' time (62% forecast payout ratio). The dividend has increased by an average of 8.4% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to decline by 2.6% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Feb 09
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: €8.04 (up from €6.46 in FY 2022). Revenue: €11.2b (up 37% from FY 2022). Net income: €3.40b (up 26% from FY 2022). Profit margin: 30% (down from 33% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: €2.07 (up from €1.77 in 3Q 2022). Revenue: €2.68b (up 11% from 3Q 2022). Net income: €877.0m (up 17% from 3Q 2022). Profit margin: 33% (up from 31% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.5%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.1% 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 fallen by 3% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 11
KBC Group NV to Pay Interim Dividend, Payable on 15 November 2023 KBC Group NV will pay out an interim dividend of 1 euro per share on 15 November 2023 as an advance on the total dividend for financial year 2023. Upcoming Dividend • Nov 06
Upcoming dividend of €0.70 per share at 7.4% yield Eligible shareholders must have bought the stock before 13 November 2023. Payment date: 15 November 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 7.4%. Lower than top quartile of Belgian dividend payers (7.8%). Higher than average of industry peers (6.5%). New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.08% 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 Risk Earnings are forecast to decline by an average of 0.08% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Tillkännagivande • Aug 23
KBC Group NV (ENXTBR:KBC) commences an Equity Buyback Plan for 41,688,359 shares, representing 10% of its issued share capital, under the authorization approved on May 5, 2022. KBC Group NV (ENXTBR:KBC) commences share repurchases on August 11, 2023 under the program mandated by the shareholders in the Annual General Meeting held on May 5, 2022. As per the mandate, the company is authorized to repurchase up to 41,688,359 shares, representing 10% of its issued share capital. The shares will be repurchased at a price per share not exceeding the last closing price on Euronext Brussels prior to the date of acquisition, plus 10%, and not lower than €1 per share. The plan will be valid for 4 years. As of May 5, 2022, the company had 416,883,592 shares outstanding.
On August 10, 2023, the company announced a share repurchase program after receiving approval from ECB. Under the program, the company will repurchase €1,300 million worth of shares. The purpose of the program is distributing the surplus capital. The repurchases will take place from August 11, 2023, until July 31, 2024. Reported Earnings • Aug 11
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: €2.29 (up from €2.10 in 2Q 2022). Revenue: €2.80b (up 11% from 2Q 2022). Net income: €966.0m (up 8.9% from 2Q 2022). Profit margin: 35% (in line with 2Q 2022). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 6.8% 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 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 10
KBC Group NV Announces Interim Dividend KBC Group NV announced that In line with its general dividend policy, it will also pay out an interim dividend of EUR 1 per share in November 2023 as an advance on the total dividend for financial year 2023. Tillkännagivande • Jul 01
KBC Group NV (ENXTBR:KBC) agreed to acquire 50% stake in Digital & Legal s.r.o. o KBC Group NV (ENXTBR:KBC) agreed to acquire 50% stake in Digital & Legal s.r.o. on June 29, 2023. KBC will acquire a 50% stake in Digital & Legal, with the option to acquire the remaining shares at a later stage.