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Komercni banka, a.s. (KMERF)
OTHER OTC:KMERF
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
1.07Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive picture: Komercni banka reported solid profitability (CZK 18.1bn net profit), strong capital and liquidity metrics, successful completion of a large digital transformation with material efficiency and productivity gains, and clear commercial guidance for 2026. Offsetting risks include a modest net banking income performance, a temporary drop in fees (driven by exceptional 2024 comparables and a shift to subscription pricing), weaker mutual fund sales (-14%), heightened deposit competition and some margin pressure on mortgages, plus remaining migration work and an expected return to loan-loss provision creation in 2026. Overall, the positive operational, capital and earnings momentum and the strategic achievements outweigh the near-term revenue mix and competitive challenges.Company Guidance
Strong Profitability
Net profit of CZK 18.1 billion for full-year 2025; reported year-on-year growth of 4.7% vs 2024 and recurring growth of ~22% (ex one-off sale). Earnings per share of CZK 95.61.
Robust Capital and Liquidity Position
Total capital ratio 17.9% with Core Tier 1 at 17.1%. Liquidity ratios well above requirements: LCR 159% and NSFR 130%. Capital guidance for 2026 maintained at 17.5%–18.5%.
Balance Sheet and Loan Growth
Balance sheet grew ~4.1% YoY (CZK 60.4bn); loan book increased by ~6% YoY (CZK 52bn) with mortgages and corporate lending the main drivers.
Revenue Drivers — Net Interest Income
Net interest income grew by +2.2% (≈CZK 560m) in 2025, supported by higher loan volumes and growth in deposit balances. Net interest margin stabilized at ~1.72% (from 1.74% in 2024).
Cost Reductions and Efficiency Gains
Operating expenses decreased by >CZK 700m year-on-year. Personnel costs down ~5% (≈CZK 450m); general administrative expenses down ~4% (≈CZK 200m); reduced Resolution Fund contribution by CZK 380m. Cost-to-income ratio improved to 46.1%, down >2 percentage points.
Digital Transformation and Customer Acquisition
Major transformation completed: new fully digital platform (KB+) with 135,000 new clients using it in 2025 and total group customers ~2,268,000. Active digital users >1.6 million and digital sales penetration ~54%–55%, targeting 60%. Product catalogue simplified (~600 -> ~30), time-to-market reduced from ~18 months to a few months.
Operational Stability and Productivity
Platform availability >95% and significant productivity improvements (e.g., housing loan production reached record levels with ~50% of previous staff).
Growth in Insurance and AUM Outside Bank
Assets under management outside the bank up ~5.5%. Insurance revenues grew double digits: total insurance +15.2% (life +15.3%, non-life +15%).
Prudent Capital Return Policy
Board proposes distribution of 100% of 2025 net profit (CZK 18.1bn / CZK 95.6 per share). Dividend guidance for 2026 set at 80% payout ratio with rationale to keep capital for accelerated loan growth.
Funding Diversification
Issued covered bonds of ~CZK 17bn in Q4 2025 to diversify funding and support liquidity ratios; client deposits growth initiatives in Q4 to strengthen funding base.
KMERF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KMERF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 06, 2026 | $61.38 | $60.87 | -0.83% |
Oct 30, 2025 | $50.81 | $49.44 | -2.70% |
Jul 31, 2025 | $49.24 | $48.18 | -2.15% |
Apr 30, 2025 | $45.57 | $44.30 | -2.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Komercni banka, a.s. (KMERF) report earnings?
Komercni banka, a.s. (KMERF) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Komercni banka, a.s. (KMERF) earnings time?
Komercni banka, a.s. (KMERF) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KMERF EPS forecast?
Currently, no data Available