Erste Group Bank AG

EBS

AT0000652011

Banks

Market Closed - Wiener Boerse Other stock markets 11:35:15 2024-04-24 am EDT			5-day change	1st Jan Change
44.5 ^EUR	-0.04%		+7.23%	+21.15%

Mar. 05	ERSTE GROUP : EPS upgrade (2023: +3.6%, 2024: +11.8%)
Feb. 29	ERSTE GROUP : Good 2023 figures, new share buy-back, weaker 2024 outlook

Erste Group Bank AG Reports Earnings Results for the Full Year Ended December 31, 2022

February 27, 2023

Erste Group Bank AG reported earnings results for the full year ended December 31, 2022. For the full year, the company reported net interest income was EUR 6,082.61 million compared to EUR 4,658.26 million a year ago. Net income was EUR 2,164.72 million compared to EUR 1,923.38 million a year ago.

Latest news about Erste Group Bank AG

ERSTE GROUP : EPS upgrade (2023: +3.6%, 2024: +11.8%)	Mar. 05
ERSTE GROUP : Good 2023 figures, new share buy-back, weaker 2024 outlook	Feb. 29
Erste Group Bank AG Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 29	CI
Erste Group Bank AG Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
Transcript : Erste Group Bank AG, 2023 Earnings Call, Feb 29, 2024	Feb. 29
Erste Group beats profit expectations on low risk costs	Feb. 29	RE
Former Erste Group Bank boss Spalt new Chief Risk Officer at Commerzbank	Dec. 25	DP
Born Digital s.r.o. announced that it has received ?2 million in funding from Erste Group Bank AG, Ceská sporitelna, a. s., J&T INVESTICNÍ SPOLECNOST, a.s.	Dec. 06	CI
EBRD sells 15% stake in Erste Group Bank's Hungarian unit -director	Nov. 15	RE
UniCredit, RBI among banks on hook for $2.4 bln in Signa loans -source	Nov. 09	RE
ERSTE GROUP : EPS upgrade (2023: +13.2%, 2024: +8.0%)	23-10-31
ERSTE GROUP : Good Q3 23 figures, new RoTE target for 2024	23-10-30
Transcript : Erste Group Bank AG, Q3 2023 Earnings Call, Oct 30, 2023	23-10-30
Erste Group Bank AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-30	CI
Erste's profit surges on higher interest rates	23-10-30	RE
POLISH GENERAL ELECTIONS : Civic Platform victory brings sunnier skies for banks	23-10-16
Fitch Confirms Erste Group Bank's Rating on Well-established Business Model	23-10-12	MT
EUROPEAN BANK TAXATION : where will the lightning strike next?	23-10-10
Erste Group Bank CEO to Step Down in FY24; Successor Named	23-10-05	MT
CLIMATE STRESS TESTS : the worst-case scenario is the best	23-09-07
Erste Group Bank Ag Announces Repurchase of EUR 500,000,000 Undated Fixed to Fixed Resettable Notes Intended	23-09-05	CI
Erste Group Bank AG commences an Equity Buyback plan for 10% of its issued share capital, under the authorization approved on May 12, 2023.	23-08-15	CI
ERSTE GROUP : EPS upgrade (2023: +31.2%, 2024: +6.9%)	23-08-02
Erste Group to Launch Up to EUR300 Million Share Buyback Program	23-08-02	MT
Erste Group Bank AG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-31	CI

Chart Erste Group Bank AG

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Company Profile

Erste Group Bank AG is one of the leading Austrian banking groups. Net interest income by activity breaks down as follows: - retail banking (42.4%); - corporate banking (24.7%) - investment, finance and market banking (8.4%); - other (24.5%). At the end of 2022, the group was managing EUR 222.6 billion in current deposits and EUR149.3 billion in current loans. Products and services are marketed through a network of 2,029 branches located in Austria (797), Czech Republic (398), Romania (321), Slovakia (190), Croatia (133), Hungary (102) and Serbia (88). Net interest income breaks down geographically as follows: Austria (44.7%), Europe (52.8%) and other (2.5%).

Sector

Banks

Calendar

2024-04-30 - Q1 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR) , ATX Austrian

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Income Statement Evolution

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Analysis / Opinion

ERSTE GROUP : EPS upgrade (2023: +3.6%, 2024: +11.8%)

March 05, 2024 at 08:38 am EST

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Ratings for Erste Group Bank AG

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

44.5 EUR

Average target price

48.81 EUR

Spread / Average Target

+9.68%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

Company calendar

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