Declared Dividend • Aug 03
First half dividend of €0.068 announced Shareholders will receive a dividend of €0.068. Ex-date: 22nd September 2026 Payment date: 24th September 2026 Dividend yield will be 4.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (71% payout ratio) and is expected to be covered in 3 years' time (84% forecast payout ratio). The dividend has increased by an average of 31% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: €542.0m (up 5.7% from 2Q 2025). Net income: €201.0m (up 16% from 2Q 2025). Profit margin: 37% (up from 34% in 2Q 2025). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Banks industry in Europe. Duyuru • Jun 14
Unicaja Banco, S.A. to Report Q2, 2026 Results on Jul 31, 2026 Unicaja Banco, S.A. announced that they will report Q2, 2026 results on Jul 31, 2026 Duyuru • Feb 27
Unicaja Banco, S.A., Annual General Meeting, Apr 09, 2026 Unicaja Banco, S.A., Annual General Meeting, Apr 09, 2026. Location: avda. de andalucia, 10-12., malaga Spain Duyuru • Jul 29
Mora Banc Grup, SA completed the acquisition of Banco Europeo de Finanzas, S.A. from Unicaja Banco, S.A. (BME:UNI). Mora Banc Grup, SA agreed to acquire Banco Europeo de Finanzas, S.A. from Unicaja Banco, S.A. (BME:UNI) for approximately €45 million on July 30, 2024. The closing of the transaction is subject to the non-opposition of the European Central Bank and the authorization of the Andorran Financial Authority
Fernando Mínguez, Marco Antonio Sanz, Soraya Sáenz de Santamaría , Elizabeth Malagelada and Juan Bonilla of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor for Mora Banc Grup, SA.
Mora Banc Grup, SA completed the acquisition of Banco Europeo de Finanzas, S.A. from Unicaja Banco, S.A. (BME:UNI) on July 30, 2024. Duyuru • Jul 08
DXC Technology Company (NYSE:DXC) agreed to acquire Factoria De Transformacion De Operaciones Y Servicios Sl. from Unicaja Banco, S.A. (BME:UNI). DXC Technology Company (NYSE:DXC) agreed to acquire Factoria De Transformacion De Operaciones Y Servicios Sl. from Unicaja Banco, S.A. (BME:UNI) on July 7, 2025. Duyuru • Feb 28
Unicaja Banco, S.A., Annual General Meeting, Apr 09, 2025 Unicaja Banco, S.A., Annual General Meeting, Apr 09, 2025. Location: avda de andalucia 10-12, malaga Spain Duyuru • Jan 14
Unicaja Banco, S.A. to Report Q4, 2024 Results on Feb 04, 2025 Unicaja Banco, S.A. announced that they will report Q4, 2024 results at 9:30 AM, Central European Standard Time on Feb 04, 2025 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.23, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 56% over the past three years. Reported Earnings • Nov 01
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.06. Revenue: €486.0m (up 4.1% from 3Q 2023). Net income: €157.0m (up 15% from 3Q 2023). Profit margin: 32% (up from 29% in 3Q 2023). Revenue is forecast to grow 2.4% 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 fallen by 60% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. New Risk • Oct 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% 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 0.3% 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. Duyuru • Oct 07
Unicaja Banco, S.A. to Report Q3, 2024 Results on Oct 30, 2024 Unicaja Banco, S.A. announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024 Reported Earnings • Aug 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €516.0m (up 31% from 2Q 2023). Net income: €184.0m (up 71% from 2Q 2023). Profit margin: 36% (up from 27% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Duyuru • Jul 06
Unicaja Banco, S.A. to Report Q2, 2024 Results on Jul 30, 2024 Unicaja Banco, S.A. announced that they will report Q2, 2024 results Pre-Market on Jul 30, 2024 Buy Or Sell Opportunity • Apr 17
Now 20% undervalued Over the last 90 days, the stock has risen 27% to €1.11. The fair value is estimated to be €1.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has declined by 5.4%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Duyuru • Apr 12
Unicaja Banco, S.A. to Report Q1, 2024 Results on Apr 29, 2024 Unicaja Banco, S.A. announced that they will report Q1, 2024 results Pre-Market on Apr 29, 2024 Upcoming Dividend • Apr 10
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 17 April 2024. Payment date: 19 April 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.5%). Buy Or Sell Opportunity • Mar 08
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €0.96. The fair value is estimated to be €1.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has declined by 5.4%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Feb 08
Full year 2023 earnings released Full year 2023 results: Revenue: €1.63b (up 18% from FY 2022). Net income: €267.0m (up 5.6% from FY 2022). Profit margin: 16% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Banks industry in Europe. Duyuru • Jan 23
Unicaja Banco, S.A. to Report Q4, 2023 Results on Feb 06, 2024 Unicaja Banco, S.A. announced that they will report Q4, 2023 results on Feb 06, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released Third quarter 2023 results: EPS: €0.052. Revenue: €467.0m (up 23% from 3Q 2022). Net income: €137.0m (up 44% from 3Q 2022). Profit margin: 29% (up from 25% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% 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 fallen by 4% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Jul 29
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €418.0m (up 5.1% from 2Q 2022). Net income: €114.0m (up 17% from 2Q 2022). Profit margin: 27% (up from 25% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in Europe. Duyuru • Jun 28
Unicaja Banco, S.A. to Report Q2, 2023 Results on Jul 27, 2023 Unicaja Banco, S.A. announced that they will report Q2, 2023 results at 9:00 AM, Romance Standard Time on Jul 27, 2023 Duyuru • Jun 27
Norges Bank Investment Management acquired an unknown minority stake in Unicaja Banco, S.A. Norges Bank Investment Management acquired an unknown minority stake in Unicaja Banco, S.A. on June 26, 2023.Norges Bank Investment Management completed the acquisition of an unknown minority stake in Unicaja Banco, S.A. on June 26, 2023. Upcoming Dividend • Apr 05
Upcoming dividend of €0.039 per share at 4.9% yield Eligible shareholders must have bought the stock before 12 April 2023. Payment date: 14 April 2023. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.1%). Duyuru • Jan 14
Unicaja Banco, S.A. to Report Fiscal Year 2022 Results on Jan 31, 2023 Unicaja Banco, S.A. announced that they will report fiscal year 2022 results Pre-Market on Jan 31, 2023 Duyuru • Nov 04
Santa Lucía, S.A., Compañía de Seguros y Reaseguros completed the acquisition of Pension and Reinsurance Business of Unicaja Banco, S.A. (BME:UNI). Santa Lucía, S.A., Compañía de Seguros y Reaseguros agreed to acquire Pension and Reinsurance Business of Unicaja Banco, S.A. (BME:UNI) for €318 million on May 24, 2022.
Santa Lucía, S.A., Compañía de Seguros y Reaseguros completed the acquisition of Pension and Reinsurance Business of Unicaja Banco, S.A. (BME:UNI) on November 2, 2022. Duyuru • Oct 12
Unicaja Banco, S.A. to Report Q3, 2022 Results on Oct 27, 2022 Unicaja Banco, S.A. announced that they will report Q3, 2022 results at 9:00 AM, Romance Standard Time on Oct 27, 2022 Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: €0.037 (vs €0.013 in 2Q 2021) Second quarter 2022 results: EPS: €0.037 (up from €0.013 in 2Q 2021). Revenue: €397.7m (up 106% from 2Q 2021). Net income: €97.8m (up 385% from 2Q 2021). Profit margin: 25% (up from 10% in 2Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 13
Unicaja Banco, S.A. to Report Q2, 2022 Results on Jul 27, 2022 Unicaja Banco, S.A. announced that they will report Q2, 2022 results Pre-Market on Jul 27, 2022 Duyuru • Jun 03
SANTA LUCÍA ASSET MANAGEMENT, SGIIC, S.A. acquired 50% stake in Liberbank Vida y Pensiones, Seguros y Reaseguros, S.A. from Unicaja Banco, S.A. (BME:UNI) for €360 million. SANTA LUCÍA ASSET MANAGEMENT, SGIIC, S.A. acquired 50% stake in Liberbank Vida y Pensiones, Seguros y Reaseguros, S.A. from Unicaja Banco, S.A. (BME:UNI) for €360 million on June 1, 2022. Uría Menéndez Abogados, S.L.P. acted as legal advisor to Unicaja Banco, S.A. (BME:UNI).
SANTA LUCÍA ASSET MANAGEMENT, SGIIC, S.A. completed the acquisition of 50% stake in Liberbank Vida y Pensiones, Seguros y Reaseguros, S.A. from Unicaja Banco, S.A. (BME:UNI) on June 1, 2022. Duyuru • May 26
Santa Lucía, S.A., Compañía de Seguros y Reaseguros agreed to acquire Pension and Reinsurance Business of Unicaja Banco, S.A. (BME:UNI) for €318 million. Santa Lucía, S.A., Compañía de Seguros y Reaseguros agreed to acquire Pension and Reinsurance Business of Unicaja Banco, S.A. (BME:UNI) for €318 million on May 24, 2022. Duyuru • Apr 12
Unicaja Banco, S.A. to Report Q1, 2022 Results on Apr 27, 2022 Unicaja Banco, S.A. announced that they will report Q1, 2022 results Pre-Market on Apr 27, 2022 Duyuru • Mar 04
Unicaja Banco, S.A., Annual General Meeting, Mar 30, 2022 Unicaja Banco, S.A., Annual General Meeting, Mar 30, 2022, at 10:30 Central European Standard Time. Location: Avda. de Andalucía, 10-12, Malaga Spain Agenda: To consider approval of the Annual Accounts (balance sheet, profit and loss account, statement of recognized income and expense, statement of changes in equity, cash flow statement and notes) and Management Report of Unicaja Banco and its consolidated group, corresponding to the financial year ending on 31 December 2021; to consider approval of the Consolidated Non-financial Information Statement, corresponding to the financial year ending on 31 December 2021; to consider approval of the Board of Directors' management during the financial year ending on 31 December 2021; and to consider other matters. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.54 (up from €0.045 in FY 2020). Revenue: €907.6m (up 36% from FY 2020). Net income: €1.11b (up €1.04b from FY 2020). Cost-to-income ratio: 61.8% (up from 58.6% in FY 2020). Non-performing loans: 2.38% (up from 2.27% in FY 2020). Revenue exceeded analyst estimates by 36%. Over the next year, revenue is forecast to grow 65%, compared to a 11% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 16% share price gain to €1.06, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Banks industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.93 per share. Executive Departure • Aug 05
CEO & Executive Director Ángel Rodríguez de Gracia has left the company On the 28th of July, Ángel Rodríguez de Gracia's tenure as CEO & Executive Director ended. We don't have any record of a personal shareholding under Ángel Rodríguez's name. Ángel Rodríguez is the only executive to leave the company over the last 12 months. Reported Earnings • Jul 29
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: €193.6m (up 6.9% from 2Q 2020). Net income: €27.0m (up 236% from 2Q 2020). Profit margin: 14% (up from 4.4% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 03
New 90-day high: €0.76 The company is up 15% from its price of €0.66 on 03 December 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 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.92 per share. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS €0.05 (vs €0.10 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €714.2m (down 38% from FY 2019). Net income: €77.8m (down 53% from FY 2019). Profit margin: 11% (down from 14% in FY 2019). The decrease in margin was driven by lower revenue. Non-performing loans: 4.02% (up from 2.99% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 19% per year. Duyuru • Feb 27
Unicaja Banco, S.A., Annual General Meeting, Mar 31, 2021 Unicaja Banco, S.A., Annual General Meeting, Mar 31, 2021. Duyuru • Dec 31
Unicaja Banco, S.A. (BME:UNI) agreed to acquire Liberbank, S.A. (BME:LBK) for approximately €760 million. Unicaja Banco, S.A. (BME:UNI) agreed to acquire Liberbank, S.A. (BME:LBK) for approximately €760 million on December 29, 2020. The exchange ratio is set at 2.7705 Liberbank shares for each Unicaja Banco share. Under the terms of the deal, in which Unicaja Banco will fully absorb Liberbank. Upon completion, current Unicaja Banco Board Chairman Manuel Azuaga will be the future Chairman of the combined entity, while Liberbank Chief Executive Officer Manuel Menendez will serve as the new company’s Chief Executive Officer. The deal still has to be approved by shareholders in votes. The Boards of Unicaja Banco and Liberbank approved the terms of the transaction. The transaction is expected to close by mid- to late 2021. Is New 90 Day High Low • Dec 31
New 90-day high: €0.73 The company is up 17% from its price of €0.62 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.88 per share. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS €0.01 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €167.0m (down 38% from 3Q 2019). Net income: €16.0m (down 63% from 3Q 2019). Profit margin: 9.6% (down from 16% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Duyuru • Oct 29
Merger Talks Between Unicaja and Liberbank Ongoing Merger negotiations between Liberbank, S.A. (BME:LBK) and Unicaja Banco, S.A. (BME:UNI) to create the country’s fifth biggest lender in terms of total assets are still ongoing, Unicaja’s Chairman Manuel Azuaga said in a statement on October 28, 2020. The chairman also said that due diligence was still being carried out and no agreement had been reached as of yet since the lenders hired advisers earlier this month. Duyuru • Oct 08
Liberbank and Unicaja Reportedly in Merger Talks Germany’s Deutsche Bank and Italian investment bank Mediobanca are set to advise Spanish lenders Liberbank, S.A. (BME:LBK) and Unicaja Banco, S.A. (BME:UNI) respectively on a potential merger deal, a source with direct knowledge of the matter said on October 07, 2020. Despite calling off merger talks last year, Unicaja and Liberbank said earlier this week they were now in preliminary conversations to create Spain’s fifth-biggest lender with over EUR 100 Billion ($ 117.38 Billion) total assets. Mediobanca, Deutsche Bank and Liberbank declined to comment, while Unicaja said its board was yet to make a decision on a contract. Is New 90 Day High Low • Oct 05
New 90-day high: €0.72 The company is up 45% from its price of €0.49 on 07 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.30 per share. Duyuru • Jul 30
Tomás Olivo acquired 3.06% stake in Unicaja Banco, S.A. (BME:UNI). Tomás Olivo acquired 3.06% stake in Unicaja Banco, S.A. (BME:UNI) on May 18, 2020.
Tomás Olivo completed the acquisition of 3.06% stake in Unicaja Banco, S.A. (BME:UNI) on May 18, 2020. 
