Deutsche Pfandbriefbank posts FY pre-tax loss, hit by US exit costs

Deutsche Pfandbriefbank AG

13/02/2026 12:15

Overview

Germany's real estate financing bank reports preliminary 2025 pre-tax loss of €250 mln, in line with company guidance

New business volume rose 23% to €6.3 bln, exceeding guidance

Company expects to achieve strategic financial targets by 2028, delayed by US exit costs

Outlook

Company expects 2026 pre-tax profit between €30 mln and €40 mln

Deutsche Pfandbriefbank projects 2026 new business volume of €7.5 bln to €8.5 bln

Company targets RoTE of 8% for entire bank by 2028

Result Drivers

US EXIT COSTS - Withdrawal from US market and associated costs significantly impacted 2025 results, leading to pre-tax loss of €250 mln

RISK PROVISIONS - Increased risk provisioning for project financing affected quarterly results

NEW BUSINESS GROWTH - New business volume increased by 23% to €6.3 bln, exceeding guidance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Pretax Profit
-EUR 250 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

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

Wall Street's median 12-month price target for Deutsche Pfandbriefbank AG is €4.50, about 11.1% above its February 12 closing price of €4.05

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 11 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.)