Austria's BAWAG Group Q1 net profit rises 16%, adjusts dividend payout

BAWAG AG

21/04/2026 06:13

Overview

Austria-based banking group's Q1 net profit rose 16% yr/yr, supported by higher core revenue and lower costs

Core revenues and net interest income both increased 8% yr/yr; cost-income ratio improved to 32.5%

On April 14, Company agreed to acquire PTSB in Ireland, aiming to expand pan-European banking operations

Outlook

BAWAG Group confirms 2026 net profit target of over €960 mln

Mid-term targets to be updated at year-end, pending PTSB acquisition approvals

Company temporarily adjusts dividend policy, with no distribution in H1 and a maximum payout of about €500 mln in H2

Result Drivers

REVENUE GROWTH - Higher core revenues, driven by acquisitions and a changing asset mix, supported Q1 results

FEE INCOME - Net fee and commission income rose 11% yr/yr, reflecting organic growth and contributions from acquisitions

COST CONTROL - Operating expenses fell 5% yr/yr due to efficiency measures and synergy realization across the expanded Group

Company press release: ID:nPexJp6Sra

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Core Revenue
EUR 578.9 mln
Q1 EPS
EUR 3
Q1 Net Profit
EUR 232.3 mln
Q1 Net Interest Income
EUR 480.2 mln
Q1 Net Fee Income
EUR 98.70 mln
Q1 Operating Income
EUR 579 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for BAWAG Group AG is €150.50, about 0.3% below its April 20 closing price of €151.00

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)