Common equity

EQS-News: IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment

Retrieved on: 
Wednesday, April 10, 2024
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IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment

Key Points: 
  • IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment
    The issuer is solely responsible for the content of this announcement.
  • IKB Deutsche Industriebank AG figures for the 2023 financial year: Solid figures achieved in a difficult environment
    Ample liquidity with free available liquidity reserve of €1.4 billion (previous year: €1.2 billion)
    Dr Michael Wiedmann, Chairman of the Board of Managing Directors of IKB: “We have met our annual targets and are on track to achieving our medium-term goals.
  • 2023 was largely characterised by the increase in market interest rates against a difficult economic backdrop.
  • Table: IKB income statement for the 2023 financial year (Group, in accordance with German commercial law)

Bank Leumi concludes 2023 with a net income of approx. NIS 7 billion ($1.93 billion)

Retrieved on: 
Tuesday, March 19, 2024
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Net income in 2023, net of the one-off deduction recorded in the first quarter with respect to the investment value in Valley National Bank totaled NIS 8.1 billion ($2.23 billion).

Key Points: 
  • Net income in 2023, net of the one-off deduction recorded in the first quarter with respect to the investment value in Valley National Bank totaled NIS 8.1 billion ($2.23 billion).
  • Net credit to the public as at December 31, 2023 totaled NIS 419.5 billion ($115.7 billion), compared to NIS 384.8 billion (106.1 billion) as at December 31, 2022 - a 9.02% increase.
  • Credit to retail customers as at December 31, 2023 totaled NIS 30.2 billion ($8.3 billion), compared to NIS 32.5 billion ($9.0 billion) as at December 31, 2022 - 7.08% decrease.
  • Credit to small businesses as at December 31, 2023 totaled NIS 26.2 billion ($7.2 billion), compared to NIS 26.7 billion ($7.4 billion) as at December 31, 2022 - a 1.87% decrease.

EQS-News: Strong earnings power allows for active risk management in 2023 – consolidated operating profit expected to rise to between €300 million and €350 million in 2024

Retrieved on: 
Wednesday, March 13, 2024
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Consolidated operating profit is projected to rise to between €300 million and €350 million in 2024, even though the Bank anticipates continued above-average risk provisions.

Key Points: 
  • Consolidated operating profit is projected to rise to between €300 million and €350 million in 2024, even though the Bank anticipates continued above-average risk provisions.
  • Aareal Bank Group closed the 2023 financial year with consolidated operating profit of €149 million (2022: €239 million).
  • Thanks to its strong earnings power, the Group nonetheless anticipates consolidated operating profit between €300 million and €350 million.
  • The Bank is expected to achieve operating profit of €250 million to €300 million, despite risk provisions projected to remain at above-average levels.

EQS-News: After its second-best financial year in 2023, flatexDEGIRO is aiming for a record year in 2024

Retrieved on: 
Wednesday, March 13, 2024
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After its second-best financial year in 2023, flatexDEGIRO is aiming for a record year in 2024

Key Points: 
  • After its second-best financial year in 2023, flatexDEGIRO is aiming for a record year in 2024
    The issuer is solely responsible for the content of this announcement.
  • Frank Niehage, CEO of flatexDEGIRO: "We can be justifiably proud of what we have achieved as a team at flatexDEGIRO over the past few months.
  • At the same time, flatexDEGIRO significantly reduced its marketing expenses by 30.4 percent to EUR 34.0 million in 2023 (2022: EUR 48.9 million).
  • From 2024, flatexDEGIRO will therefore dispense with adjustments in order to establish simpler and more transparent key figures.

Grupo Supervielle Reports 4Q23 Results

Retrieved on: 
Wednesday, March 6, 2024
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Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and twelve-months period ended December 31, 2023.

Key Points: 
  • Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and twelve-months period ended December 31, 2023.
  • Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”) as established by the Central Bank.
  • Commenting on fourth quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We closed the year with a strong quarter delivering record high ROAE of 27% in real terms, even as we navigate a complex macro and political environment characterized by high inflation, market volatility, and weak loan demand.
  • The total NPL ratio was 1.2% in 4Q23 improving 230 and 50 bps from 3.5% in 4Q22 and 1.7% in 3Q23, respectively.

VERSABANK REPORTS RESULTS FOR FIRST QUARTER FISCAL 2024: CONTINUED ROBUST GROWTH IN POINT-OF-SALE RECEIVABLE PURCHASE PROGRAM DRIVES 41% YEAR-OVER-YEAR INCREASE IN EPS TO ANOTHER NEW RECORD[1]

Retrieved on: 
Wednesday, March 6, 2024
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While this had a slight dampening effect on first quarter results, we expect that this strategic adjustment will enhance ROE and contribute to stronger growth in subsequent quarters throughout the year."

Key Points: 
  • While this had a slight dampening effect on first quarter results, we expect that this strategic adjustment will enhance ROE and contribute to stronger growth in subsequent quarters throughout the year."
  • "2024 is unfolding slightly ahead of expectations for our Point-of-Sale Receivable Purchase Program, providing continued confidence in our ability to surpass our next total asset milestone of $5 billion during the 2024 fiscal year.
  • Total assets increased 22% year-over-year and 3% sequentially to a record $4.3 billion, with the increase driven primarily by 7% growth in Digital Banking Operations' Point of Sale Receivable Purchase Program (POS/RPP) portfolio.
  • DBG's gross profit amounts are included in DRTC's consolidated revenue which is reflected in non-interest income in VersaBank's consolidated statements of income and comprehensive income.

Commerzbank increases net profit for 2023 to €2.2 billion – Strategy is delivering

Retrieved on: 
Thursday, February 15, 2024
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On this basis, we will achieve a further increase in net profit for the current year”, said CEO Manfred Knof.

Key Points: 
  • On this basis, we will achieve a further increase in net profit for the current year”, said CEO Manfred Knof.
  • Net interest income rose by a third to €8.368 billion (2022: €6.459 billion), while net commission income was slightly down at €3.386 billion (2022: €3.519 billion).
  • Net profit also rose accordingly: compared to the previous year, net profit after taxes and minority interests increased by 55% to €2.224 billion (2022: €1.435 billion).
  • Revenues amounted to €1.106 billion (Q3 2023: €1.171 billion); the operating result totalled €508 million (Q3 2023: €644 million).

EQS-News: Commerzbank increases net profit for 2023 to €2.2 billion – Strategy is delivering

Retrieved on: 
Thursday, February 15, 2024
Rote, Commerzbank, NPE, German Finance Agency, DACH, Bank, TLA, Growth, ECM, Equity capital markets, Risk, Private, Central bank, MBank, European Central Bank, ODDO BHF, PSBC, RWA, Tax, Policy, Common equity, AT1, Annual, Executive officer, Research, Environment, Partnership, Cryptocurrency

On this basis, we will achieve a further increase in net profit for the current year”, said CEO Manfred Knof.

Key Points: 
  • On this basis, we will achieve a further increase in net profit for the current year”, said CEO Manfred Knof.
  • Net interest income rose by a third to €8.368 billion (2022: €6.459 billion), while net commission income was slightly down at €3.386 billion (2022: €3.519 billion).
  • Net profit also rose accordingly: compared to the previous year, net profit after taxes and minority interests increased by 55% to €2.224 billion (2022: €1.435 billion).
  • Revenues amounted to €1.106 billion (Q3 2023: €1.171 billion); the operating result totalled €508 million (Q3 2023: €644 million).

ECB publishes consolidated banking data for end-September 2023

Retrieved on: 
Friday, February 9, 2024
Communication, ECB, Common equity, Reproduction, International Financial Reporting Standards, European Central Bank, International, Frankfurt, Data, Financial services

The quarterly data provide information required to analyse the EU banking sector and comprise a subset of the information that is available in the year-end dataset.

Key Points: 
  • The quarterly data provide information required to analyse the EU banking sector and comprise a subset of the information that is available in the year-end dataset.
  • The data cover 314 banking groups and 2301 stand-alone credit institutions operating in the EU (including foreign subsidiaries and branches), accounting for nearly 100% of the EU banking sector’s balance sheet.
  • In addition to data as at end-September 2023, the published figures also include a few revisions to past data.
  • Notes
    - These consolidated banking data are available in the ECB Data Portal.

Bay Community Bancorp Earns $1.31 Million in Fourth Quarter 2023 and a Record $8.23 Million for the Year; Declares Quarterly Cash Dividend of $0.05 Per Share

Retrieved on: 
Monday, February 5, 2024
Federal, ECIP, Growth, ERP, Community Bank, CECL, FDIC, BEA, Common equity, Compact disc, DDA, Investment, Current Expected Credit Losses, Environmental protection, NOW, Bank, Community development financial institution, Share repurchase, Video game

For the year 2023, net income increased 2.1% to a record $8.23 million, compared to $8.06 million in 2022.

Key Points: 
  • For the year 2023, net income increased 2.1% to a record $8.23 million, compared to $8.06 million in 2022.
  • This marks the twelfth consecutive cash dividend payment since the Company initiated quarterly cash dividends on April 30, 2021.
  • Pre-tax, pre-provision, pre-CDFI grant income was $1.59 million in the fourth quarter of 2023, compared to $3.39 million in the year ago quarter, and $1.99 million in the third quarter of 2023.
  • Noninterest expense was $6.84 million in the fourth quarter of 2023, compared to $5.48 million in the fourth quarter of 2022, and $6.46 million in the third quarter of 2023.