Cash flow Alpha Services and Holdings S.A.

Equities

ALPHA

GRS015003007

Banks

Market Closed - Athens S.E. Other stock markets 10:19:59 2025-02-14 am EST			5-day change	1st Jan Change
1.870 ^EUR	+1.19%		+6.22%	+15.62%

Feb. 12	Alpha Services And Holdings Sets Feb 14 As The First Trading Day Of The New Common Shares	RE
Nov. 08	Alpha Services and Holdings S.A., Nine Months 2024 Earnings Call, Nov 08, 2024

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Published financial data: ALPHA SERVICES AND HOLDINGS S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	2.02B	2.07B	1.89B	1.89B	3.58B
Interest Income On Investments	1.07M	2.96M	1.82M	2.88M	4.53M
Interest Income, Total	2.02B	2.08B	1.89B	1.89B	3.58B
Interest On Deposits	475M	532M	512M	565M	1.92B
Interest Expense, Total	475M	532M	512M	565M	1.92B
Net Interest Income	1.55B	1.54B	1.38B	1.33B	1.66B
Gain (Loss) on Sale of Loans	-	173M	-2.25B	-3.56M	-17.22M
Gain (Loss) on Sale of Assets	6.34M	4.43M	-670K	233M	2.96M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	368M	517M	156M	5.28M	24.88M
Total Other Non Interest Income	401M	353M	370M	651M	457M
Non Interest Income, Total	775M	1.05B	-1.72B	886M	468M
Revenues Before Provison For Loan Losses	2.32B	2.59B	-345M	2.21B	2.13B
Provision For Loan Losses	990M	1.32B	1.43B	559M	467M
Total Revenues	1.33B	1.27B	-1.78B	1.65B	1.66B
Salaries And Other Employee Benefits	460M	455M	397M	372M	330M
Occupancy Expense	145M	161M	157M	157M	157M
Selling General & Admin Expenses, Total	371M	372M	389M	448M	327M
(Income) Loss on Equity Invest.	12.6M	1.01M	-6.17M	-3.05M	-875K
Total Other Non Interest Expense	169M	122M	107M	31.75M	304K
Non Interest Expense, Total	1.16B	1.11B	1.04B	1B	814M
EBT, Excl. Unusual Items	175M	161M	-2.82B	649M	844M
Restructuring Charges	-	-30.94M	-107M	-4.36M	-46.45M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	-16.7M	-15.76M	-	-	-18.9M
Insurance Settlements	-	-	-	-	-
Legal Settlements	188K	-640K	-	-	-5.85M
Other Unusual Items	-13.79M	-	-	-	-
EBT, Incl. Unusual Items	145M	114M	-2.93B	644M	773M
Income Tax Expense	48.03M	10.12M	-55.8M	264M	233M
Earnings From Continuing Operations	97.12M	104M	-2.87B	381M	540M
Earnings Of Discontinued Operations	-	-	-33.14M	17.44M	71.22M
Net Income to Company	97.12M	104M	-2.91B	398M	611M
Minority Interest	-115K	-208K	-86K	-307K	-308K
Net Income - (IS)	97.01M	104M	-2.91B	398M	611M
Preferred Dividend and Other Adjustments	-	-	-	-	16.75M
Net Income to Common Incl Extra Items	97.01M	104M	-2.91B	398M	594M
Net Income to Common Excl. Extra Items	97.01M	104M	-2.87B	380M	523M
Per Share Items
Net EPS - Basic	0.06	0.07	-1.5	0.17	0.25
Basic EPS - Continuing Operations	0.06	0.07	-1.49	0.16	0.22
Basic Weighted Average Shares Outstanding	1.54B	1.54B	1.93B	2.35B	2.35B
Net EPS - Diluted	0.06	0.07	-1.5	0.17	0.25
Diluted EPS - Continuing Operations	0.06	0.07	-1.49	0.16	0.22
Diluted Weighted Average Shares Outstanding	1.54B	1.54B	1.93B	2.35B	2.35B
Normalized Basic EPS	0.07	0.07	-0.91	0.17	0.22
Normalized Diluted EPS	0.07	0.07	-0.91	0.17	0.22
Dividend Per Share	-	-	-	-	0.03
Payout Ratio	-	-	-	0.76	0.1
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
Effective Tax Rate - (Ratio)	33.09	8.87	1.9	40.92	30.14
Total Current Taxes	14.64M	32.6M	47.67M	21.63M	92K
Total Deferred Taxes	33.38M	-22.48M	-103M	242M	233M
Normalized Net Income	110M	101M	-1.76B	405M	527M
Non-Cash Pension Expense	2.57M	5.57M	4.4M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.24B	7.75B	12.09B	13.32B	4.78B
Investment Securities, Total	10.19B	10.73B	12.08B	13.96B	16.64B
Trading Asset Securities, Total	1.03B	1.3B	946M	2.15B	1.85B
Total investments	11.22B	12.02B	13.02B	16.1B	18.49B
Gross Loans	48.12B	48.56B	39.03B	39.91B	37.08B
Allowance For Loan Losses	-8.68B	-9.08B	-2.08B	-1.1B	-842M
Other Adjustments to Gross Loans	-131M	-59.16M	-52.18M	-29.22M	-37.67M
Net Loans	39.3B	39.42B	36.9B	38.78B	36.2B
Gross Property Plant And Equipment	1.57B	1.54B	1.52B	1.37B	1.23B
Accumulated Depreciation	-713M	-740M	-786M	-842M	-728M
Net Property Plant And Equipment	852M	796M	738M	529M	501M
Goodwill	-	62.23M	-	-	-
Other Intangibles, Total	492M	540M	478M	475M	467M
Investment in Real Estate	486M	570M	425M	245M	301M
Accrued Interest Receivable	6.22M	6.33M	6.63M	-	-
Other Receivables	-	-	-	32.43M	33.09M
Restricted Cash	319M	208M	269M	237M	27.71M
Other Current Assets, Total	2.66B	2.66B	3.36B	2.49B	7.41B
Deferred Tax Assets Long-Term (Collected)	5.17B	5.29B	5.43B	5.23B	4.98B
Other Real Estate Owned And Foreclosed	315M	418M	393M	284M	222M
Other Long-Term Assets, Total	391M	305M	248M	289M	256M
Total Assets	63.46B	70.06B	73.36B	78.02B	73.66B
Liabilities
Accrued Expenses, Total	37.54M	131M	156M	167M	138M
Interest Bearing Deposits	31.02B	38.19B	37.7B	38.54B	32.05B
Non-Interest Bearing Deposits	12.63B	17.54B	22.28B	24.7B	21.65B
Total Deposits	43.66B	55.73B	59.97B	63.23B	53.69B
Short-Term Borrowings	7.73B	2.29B	1.6B	2.34B	2.67B
Current Portion of Long-Term Debt	217M	-	1.66M	542M	400M
Long-Term Debt	1.44B	1.79B	3.09B	2.85B	2.94B
Long-Term Leases	205M	165M	139M	111M	110M
Current Income Taxes Payable	2.33M	53.85M	22.25M	5.79M	3.97M
Deferred Tax Liability Current	31.86M	-	23.01M	23.49M	25.1M
Other Current Liabilities - (Bank / Utility Template)	124M	115M	174M	858M	5.55B
Unearned Revenue Non Current	7.96M	8.28M	7.77M	17.48M	18.04M
Pension & Other Post Retirement Benefits	90.93M	94.39M	29.45M	23.88M	23.64M
Deferred Tax Liability Non-Current	-	34.68M	-	-	-
Other Non Current Liabilities	1.45B	1.31B	2.06B	1.57B	773M
Total Liabilities	54.98B	61.72B	67.28B	71.74B	66.34B
Common Stock, Total	463M	463M	704M	681M	682M
Additional Paid In Capital	10.8B	10.8B	11.36B	5.26B	4.78B
Retained Earnings	-3.03B	-2.93B	-5.82B	376M	1.73B
Treasury Stock	-	-	-	-1.3M	-10.63M
Comprehensive Income and Other	216M	-33.4M	-193M	-55.74M	122M
Total Common Equity	8.45B	8.3B	6.05B	6.26B	7.31B
Minority Interest	28.95M	29.38M	29.43M	18.37M	18.31M
Total Equity	8.48B	8.33B	6.08B	6.28B	7.32B
Total Liabilities And Equity	63.46B	70.06B	73.36B	78.02B	73.66B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.54B	1.54B	2.35B	2.35B	2.34B
ECS Total Common Shares Outstanding	1.54B	1.54B	2.35B	2.35B	2.34B
Book Value / Share	5.46	5.37	2.57	2.67	3.12
Tangible Book Value	7.95B	7.7B	5.57B	5.78B	6.84B
Tangible Book Value Per Share	5.14	4.98	2.37	2.46	2.92
Average Assets	62.23B	66.76B	-	-	-
Average Loans	50.6B	-	-	-	-
Total Debt	9.59B	4.25B	4.83B	5.84B	6.11B
Deposits at Interest - Cash	2.96B	7.6B	12.47B	-	-
Debt Equivalent of Unfunded Proj. Benefit Obligation	87.4M	84.9M	27.83M	-	-
Net Debt	4.83B	-5.44B	-9.57B	-10.01B	-1.04B
Equity Method Investments, Total	13.38M	30.72M	68.27M	98.66M	99.78M
Full Time Employees	10.53K	10.53K	8.94K	8.46K	8.16K
Number Of Offices	383	325	450	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	97.01M	104M	-2.91B	398M	611M
Depreciation, Depletion & Amortization	81.46M	93.6M	79.76M	67.18M	52.68M
Amortization of Goodwill and Intangible Assets - (CF)	14.45M	10.61M	2.66M	115K	73K
Total Depreciation, Depletion & Amortization	95.92M	104M	82.42M	67.3M	52.75M
Amortization of Deferred Charges, Total	48.62M	63.6M	74.64M	89.22M	105M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-549M	-722M	-243M	-196M	-503M
(Gain) Loss on Sale of Investments - (CF)	1.15B	-2.25M	2.47B	494M	590M
Total Asset Writedown	13.76M	11.96M	102M	15.62M	7.92M
Provision for Credit Losses	-	1.24B	1.39B	-	-
(Income) Loss On Equity Investments - (CF)	12.6M	1.01M	-6.17M	-3.05M	-875K
Change in Trading Asset Securities	-91.48M	-957K	14.64M	14.08M	135M
Change in Other Net Operating Assets (Collected)	-711M	1.22B	-958M	-1.29B	-7.81B
Other Operating Activities	60.26M	125M	-9.53M	136M	405M
Net Cash From Discontinued Operations	-	-	31.18M	-791K	-128M
Cash from Operations	125M	2.14B	41.43M	-276M	-6.54B
Capital Expenditure	-42.46M	-160M	-161M	-16M	-150M
Sale of Property, Plant, and Equipment	54.03M	6.7M	20.95M	28.63M	13.64M
Cash Acquisitions	-	-41.97M	-	-	-
Divestitures	118M	15.4M	117M	215M	369M
Purchase / Sale of Intangible Assets	-122M	-	-	-86.6M	-
Sale (Purchase) of Real Estate Properties (Collected)	-80.44M	-	-	-37.61M	-
Investment in Marketable and Equity Securities, Total	-778M	-1.1B	-944M	-3.18B	-3.27B
Other Investing Activities, Total	170M	212M	198M	102M	137M
Cash from Investing	-681M	-1.07B	-769M	-2.98B	-2.9B
Long-Term Debt Issued, Total	417M	495M	1.39B	842M	614M
Total Debt Issued	417M	495M	1.39B	842M	614M
Long-Term Debt Repaid, Total	-321M	-60.13M	-56.51M	-404M	-561M
Total Debt Repaid	-321M	-60.13M	-56.51M	-404M	-561M
Issuance of Common Stock	-	-	801M	660K	395M
Repurchase of Common Stock	-	-	-	-14.3M	-8.06M
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-3.03M	-617K
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-3.03M	-617K
Net Increase (Decrease) in Deposit Accounts - (CF)	1.63B	3.47B	3.65B	3.28B	1.18B
Other Financing Activities, Total	-24.62M	-392M	-89.36M	-97.95M	-33.59M
Cash from Financing	1.7B	3.51B	5.69B	3.6B	1.59B
Foreign Exchange Rate Adjustments	12M	8.83M	-3.84M	-915K	1.94M
Miscellaneous Cash Flow Adjustments	-	-	-81.62M	-	-2K
Net Change in Cash	1.16B	4.59B	4.88B	345M	-7.85B
Supplemental Items
Cash Interest Paid	24.62M	392M	41.97M	87.69M	126M
Cash Income Tax Paid (Refund)	27.74M	2.31M	58.24M	57.7M	482K
Net Debt Issued / Repaid	95.67M	435M	1.33B	437M	53.1M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.16	0.16	-4.01	0.5	0.71
Return On Equity %	1.17	1.24	-39.77	6.16	7.95
Return on Common Equity	1.17	1.24	-39.93	6.18	7.72
Shareholders Value Added	-882M	-871M	-3.7B	-338M	-173M
Margin Analysis
SG&A Margin	71.36	75.48	-51.26	56.64	46.58
Net Interest Income / Total Revenues %	116.2	121.35	-77.49	80.2	99.99
EBT Excl. Non-Recurring Items Margin %	13.17	12.68	158.72	39.23	50.92
Income From Continuing Operations Margin %	7.29	8.17	161.6	23.02	32.57
Net Income Margin %	7.28	8.15	163.47	24.06	36.85
Net Avail. For Common Margin %	7.28	8.15	161.6	23	31.54
Normalized Net Income Margin	8.22	7.91	99.2	24.5	31.81
Asset quality
Nonperforming Loans / Total Loans %	33.71	32.05	10.43	-	-
Nonperforming Loans / Total Assets %	25.56	22.22	5.55	-	-
Nonperforming Assets / Total Assets %	26.06	22.8	6.06	-	-
NPAs / Loans and OREO	34.14	32.62	11.28	-	-
NPAs / Equity	195.09	191.7	73.14	-	-
Allowance for Credit Losses / Net Charge-offs %	413.78	927.46	435.26	-	-
Allowance for Credit Losses / Nonperforming Loans %	53.53	58.34	51.05	-	-
Allowance for Credit Losses / Total Loans %	18.04	18.7	5.32	2.74	2.27
Net Charge-offs / Total Average Loans %	4.15	-	-	-	-
Provision for Loan Losses / Net Charge-offs %	47.2	134.78	300.26	-	-
Interest Income / Average Assets	3.25	3.11	-	-	-
Interest Expense / Average Assets	0.76	0.8	-	-	-
Net Interest Income / Average Assets	2.49	2.31	-	-	-
Non Interest Income / Average Assets	1.24	1.57	-	-	-
Non Interest Expense / Average Asset	1.86	1.66	-	-	-
Capital And Funding
Total Average Common Equity / Total Average Assets %	13.31	12.55	10.04	8.13	8.93
Total Average Equity / Total Average Assets %	13.35	12.59	10.08	8.16	8.96
Total Equity + Allowance for Loan Losses / Total Loans %	35.6	35.8	20.83	18.43	21.97
Gross Loans / Total Deposits %	110.22	87.14	65.07	63.11	69.05
Net Loans / Total Deposits %	90.03	70.74	61.52	61.34	67.42
Tier 1 Capital Ratio %