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Commerzbank

Commerzbank's price/earnings (P/E) rose 35.5% yoy to 38.1 in 4Q2019

By Helgi Library - February 21, 2020

Commerzbank stock traded at EUR 5.52 per share at the end fourth quarter of 2019 implying a market capitalization of USD 7,759 mil. Sin...

Commerzbank's net profit fell 29.7% yoy to EUR 45.3 mil in 4Q2019

By Helgi Library - February 21, 2020

Commerzbank made a net profit of EUR 45.3 mil in the fourth quarter of 2019, down 29.7% when compared to the same period of last ...

Commerzbank's market capitalisation (end of period) fell 6.45% yoy to USD 7,759 mil in 4Q2019

By Helgi Library - February 21, 2020

Commerzbank stock traded at EUR 5.52 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 7,759 mi...

Profit Statement 2017 2018 2019
Net Interest Income EUR mil 4,401 4,783 5,109
Net Fee Income EUR mil 3,193 3,090 ...
Other Income EUR mil 1,839 1,236 ...
Total Revenues EUR mil 9,433 9,109 8,644
Staff Cost EUR mil 3,614 3,587 3,543
Operating Profit EUR mil 2,604 2,188 1,874
Provisions EUR mil 781 446 620
Net Profit EUR mil 577 770 748
Balance Sheet 2017 2018 2019
Interbank Loans EUR mil 30,408 31,868 ...
Customer Loans EUR mil 211,300 215,519 ...
Total Assets EUR mil 451,171 462,369 463,636
Shareholders' Equity EUR mil 28,820 29,411 29,600
Interbank Borrowing EUR mil 103,090 101,907 ...
Customer Deposits EUR mil 222,681 223,459 ...
Issued Debt Securities EUR mil 38,733 46,389 ...
Ratios 2017 2018 2019
ROE % 1.97 2.65 2.53
ROA % 0.124 0.169 0.162
Costs (As % Of Assets) % 1.47 1.52 1.46
Costs (As % Of Income) % 72.4 76.0 78.3
Capital Adequacy Ratio % 18.3 16.3 16.4
Net Interest Margin % 0.945 1.05 1.10
Loans (As % Of Deposits) % 94.9 96.4 ...
NPLs (As % Of Loans) % 2.61 1.76 ...
Provisions (As % Of NPLs) % 38.2 55.0 ...
Valuation 2017 2018 2019
Price/Earnings (P/E) 27.2 9.40 9.24
Price/Book Value (P/BV) 0.543 0.246 0.233
Dividend Yield % 0 3.46 2.72
Earnings Per Share (EPS) EUR 0.460 0.615 0.597
Book Value Per Share EUR 23.0 23.5 23.6
Dividend Per Share EUR 0 0.200 0.150

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summary Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                                
Net Interest Income EUR mil                                                   6,161 5,357 5,727 4,329 4,401    
Total Revenues EUR mil                                                   9,768 9,390 10,339 10,399 9,433    
Operating Profit EUR mil                                                   2,906 3,419 3,289 3,277 2,604    
Net Profit EUR mil                                                   375 1,023 1,228 1,327 577    
balance sheet                                                                
Interbank Loans EUR mil                                                   116,028 103,310 86,785 46,140 30,408   ...
Customer Loans EUR mil                                                   217,455 210,381 203,895 230,438 211,300   ...
Debt Securities EUR mil                                                   120,487 132,006 120,148 91,104 96,879   ...
Total Assets EUR mil                                                   549,654 558,317 532,701 480,436 451,171    
Shareholders' Equity EUR mil                                                   26,933 27,033 30,125 29,573 28,820    
Interbank Borrowing EUR mil                                                   194,990 118,384 91,090 67,930 103,090   ...
Customer Deposits EUR mil                                                   226,633 229,080 252,700 241,941 222,681   ...
Issued Debt Securities EUR mil                                                   81,951 71,092 63,455 63,831 38,733   ...
ratios                                                                
ROE % ...                                                 1.41 3.79 4.30 4.45 1.97    
ROA % ...                                                 0.063 0.185 0.225 0.262 0.124    
Costs (As % Of Assets) % ...                                                 1.16 1.08 1.29 1.41 1.47    
Costs (As % Of Income) %                                                   70.2 63.6 68.2 68.5 72.4    
Capital Adequacy Ratio % ... ... ... ... ...                                         19.2 14.6 16.5 16.9 18.3    
Net Interest Margin % ...                                                 1.04 0.967 1.05 0.855 0.945    
Interest Income (As % Of Revenues) %                                                   63.1 57.1 55.4 41.6 46.7    
Fee Income (As % Of Revenues) %                                                   32.8 34.7 33.2 30.9 33.8   ...
Staff Cost (As % Of Total Cost) %                                                   56.7 64.4 52.1 49.5 52.9    
Equity (As % Of Assets) %                                                   4.90 4.84 5.66 6.16 6.39    
Loans (As % Of Deposits) %                                                   96.0 91.8 80.7 95.2 94.9   ...
Loans (As % Assets) %                                                   39.6 37.7 38.3 48.0 46.8   ...
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ...             ... ...               6.94 5.48 3.43 2.95 2.61   ...
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ...             ... ...               42.7 47.8 54.2 53.1 38.2   ...
valuation                                                                
Market Capitalisation (End Of Period) USD mil ...                                                 18,383 15,137 13,026 9,571 18,827    
Number Of Shares (Average) mil ... ... ... ... ... ... ... ... ... ...                               913 1,139 1,209 1,252 1,252    
Share Price (End Of Period) EUR ...                                                 11.7 11.0 9.57 7.25 12.5    
Earnings Per Share (EPS) EUR         ... ... ... ... ... ...                               0.410 0.898 1.02 1.06 0.460    
Book Value Per Share EUR ... ... ... ... ... ... ... ... ... ...                               29.5 23.7 24.9 23.6 23.0    
Dividend Per Share EUR ... ... ... ... ... ... ...                                     0 0 0.200 0 0    
Price/Earnings (P/E) ...       ... ... ... ... ... ...         ... ...           ...       28.5 12.2 9.42 6.84 27.2    
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ...                               0.397 0.463 0.384 0.307 0.543    
Dividend Yield % ... ... ... ... ... ... ...                                     0 0 2.09 0 0    
Earnings Per Share Growth % ...       ... ... ... ... ... ... ...                             31.7 119 13.1 4.30 -56.6    
Book Value Per Share Growth % ...                                                 -15.7 -19.5 4.98 -5.26 -2.55    
income statement Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                                
Interest Income EUR mil                                                   13,871 12,214 11,457 8,937 8,444    
Interest Cost EUR mil                                                   7,710 6,857 5,730 4,608 4,043   ...
Net Interest Income EUR mil                                                   6,161 5,357 5,727 4,329 4,401    
Net Fee Income EUR mil                                                   3,206 3,260 3,430 3,211 3,193   ...
Other Income EUR mil                                                   401 773 1,182 2,859 1,839   ...
Total Revenues EUR mil                                                   9,768 9,390 10,339 10,399 9,433    
Staff Cost EUR mil                                                   3,889 3,843 3,670 3,527 3,614    
Depreciation EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ... ... ...         213 209 243 171 141   ...
Other Cost EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     ... ... ...         2,760 1,919 3,137 3,424 3,074   ...
Operating Cost EUR mil                                                   6,862 5,971 7,050 7,122 6,829    
Operating Profit EUR mil                                                   2,906 3,419 3,289 3,277 2,604    
Provisions EUR mil                                                   1,747 1,144 696 900 781    
Extra and Other Cost EUR mil                                                   510 530 555 476 687    
Pre-Tax Profit EUR mil                                                   649 1,745 2,038 1,901 1,136    
Tax EUR mil                                                   183 616 695 471 465    
Minorities EUR mil                                                   91.0 106 115 103 94.0    
Net Profit EUR mil                                                   375 1,023 1,228 1,327 577    
Dividends EUR mil                                                   0 0 250 0 0    
growth rates                                                                
Net Interest Income Growth % ...                                                 -5.03 -13.0 6.91 -24.4 1.66    
Net Fee Income Growth % ...                                                 -1.32 1.68 5.21 -6.38 -0.561   ...
Total Revenue Growth % ...                                                 -8.86 -3.87 10.1 0.580 -9.29    
Operating Cost Growth % ...                                                 -1.90 -13.0 18.1 1.02 -4.11    
Operating Profit Growth % ...                                                 -21.9 17.7 -3.80 -0.365 -20.5    
Pre-Tax Profit Growth % ...                                                 -59.2 169 16.8 -6.72 -40.2    
Net Profit Growth % ...                                                 60.4 173 20.1 8.07 -56.6    
balance sheet Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                                
Cash EUR mil                                                   12,397 4,897 28,509 36,206 55,222   ...
Interbank Loans EUR mil                                                   116,028 103,310 86,785 46,140 30,408   ...
Customer Loans EUR mil                                                   217,455 210,381 203,895 230,438 211,300   ...
Retail Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               62,740 64,189 67,091 82,636 93,476   ...
Corporate Loans EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...               70,217 67,235 61,369 97,590 90,468   ...
Debt Securities EUR mil                                                   120,487 132,006 120,148 91,104 96,879   ...
Fixed Assets EUR mil                                                   2,509 2,711 2,294 1,723 1,600   ...
Intangible Assets EUR mil ... ... ... ... ... ... ... ... ... ...                               3,207 3,330 3,525 3,047 3,294   ...
Goodwill EUR mil ... ... ... ... ... ... ... ... ... ... ... ...                           2,080 2,076 2,076 1,484 1,507   ...
Total Assets EUR mil                                                   549,654 558,317 532,701 480,436 451,171    
Shareholders' Equity EUR mil                                                   26,933 27,033 30,125 29,573 28,820    
Of Which Minority Interest EUR mil                                                   950 906 1,004 1,027 1,141    
Liabilities EUR mil                                                   522,721 531,284 502,576 450,863 422,351    
Interbank Borrowing EUR mil                                                   194,990 118,384 91,090 67,930 103,090   ...
Customer Deposits EUR mil                                                   226,633 229,080 252,700 241,941 222,681   ...
Sight Deposits EUR mil         ...                                         107,438 131,830 153,931 ... ... ... ...
Term Deposits EUR mil                                                   119,195 97,250 98,769 ... ... ... ...
Issued Debt Securities EUR mil                                                   81,951 71,092 63,455 63,831 38,733   ...
Other Liabilities EUR mil                                                   19,147 112,728 95,331 77,161 57,847   ...
asset quality                                                                
Non-Performing Loans EUR mil ... ... ... ... ... ... ... ... ... ...             ... ...               15,563 11,843 7,124 6,914 5,569    
Gross Loans EUR mil                                                   224,107 216,044 207,757 234,108 213,426   ...
Total Provisions EUR mil ... ... ... ... ... ... ... ...                                   6,652 5,663 3,862 3,670 2,126   ...
growth rates                                                                
Customer Loan Growth % ...                                                 -11.1 -3.25 -3.08 13.0 -8.31   ...
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             -1.83 2.31 4.52 23.2 13.1   ...
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...             -19.8 -4.25 -8.72 59.0 -7.30   ...
Total Asset Growth % ...                                                 -13.6 1.58 -4.59 -9.81 -6.09    
Shareholders' Equity Growth % ...                                                 2.60 0.371 11.4 -1.83 -2.55    
Customer Deposit Growth % ...                                                 -3.11 1.08 10.3 -4.26 -7.96   ...
ratios Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                                                                
ROE % ...                                                 1.41 3.79 4.30 4.45 1.97    
ROA % ...                                                 0.063 0.185 0.225 0.262 0.124    
Costs (As % Of Assets) % ...                                                 1.16 1.08 1.29 1.41 1.47    
Costs (As % Of Income) %                                                   70.2 63.6 68.2 68.5 72.4    
Capital Adequacy Ratio % ... ... ... ... ...                                         19.2 14.6 16.5 16.9 18.3    
Tier 1 Ratio % ... ... ... ... ...                                         13.5 11.7 13.8 13.9 15.2   ...
Net Interest Margin % ...                                                 1.04 0.967 1.05 0.855 0.945    
Interest Spread % ...                                                 0.978 0.904 0.992 0.798 0.887   ...
Asset Yield % ...                                                 2.34 2.20 2.10 1.76 1.81    
Cost Of Liabilities % ...                                                 1.36 1.30 1.11 0.967 0.926   ...
Payout Ratio %                                                   0 0 20.4 0 0    
Interest Income (As % Of Revenues) %                                                   63.1 57.1 55.4 41.6 46.7    
Fee Income (As % Of Revenues) %                                                   32.8 34.7 33.2 30.9 33.8   ...
Other Income (As % Of Revenues) %                                                   4.11 8.23 11.4 27.5 19.5   ...
Cost Per Employee USD per month                                                   8,126 7,923 6,833 6,310 7,003    
Cost Per Employee (Local Currency) EUR per month                                                   6,121 6,146 5,961 5,885 6,237    
Staff Cost (As % Of Total Cost) %                                                   56.7 64.4 52.1 49.5 52.9    
Equity (As % Of Assets) %                                                   4.90 4.84 5.66 6.16 6.39    
Loans (As % Of Deposits) %                                                   96.0 91.8 80.7 95.2 94.9   ...
Loans (As % Assets) %                                                   39.6 37.7 38.3 48.0 46.8   ...
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ...             ... ...               6.94 5.48 3.43 2.95 2.61   ...
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ...             ... ...               42.7 47.8 54.2 53.1 38.2   ...
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ...                                   3.06 2.69 1.89 1.59 1.01   ...
Cost of Provisions (As % Of Loans) % ...                                                 0.756 0.535 0.336 0.414 0.354   ...
other data Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                                                                
Branches ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 1,422 1,389 1,373 1,390   ...
Employees                                                   52,944 52,103 51,305 49,941 48,289    
Sight (As % Of Customer Deposits) %         ...                                         47.4 57.5 60.9 ... ... ... ...
Risk-Weighted Assets EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                     190,588 215,178 198,232 190,527 171,369    
Return on Loans %                                                   0.162 0.478 0.593 0.611 0.261   ...
Operating Profit (As % of Loans) % ...                                                 1.26 1.60 1.59 1.51 1.18   ...
Costs (As % Of Loans) % ...                                                 2.97 2.79 3.40 3.28 3.09   ...
Equity (As % Of Loans) %                                                   12.4 12.8 14.8 12.8 13.6   ...

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Commerzbank's net profit fell 2.91% yoy to EUR 748 mil in 2019

By Helgi Library - February 21, 2020

Commerzbank made a net profit of EUR 748 mil under revenues of EUR 8,644 mil in 2019, up -2.91% and -5.10% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of EUR 1,917 mil in 2007 and an all time low of EUR -2,...

Commerzbank's share price (end of period) fell 4.60% yoy to EUR 5.52 in 2019

By Helgi Library - February 21, 2020

Commerzbank stock traded at EUR 5.52 per share at the end of 2019 implying a market capitalization of USD 7,759 mil. Since the end of 2014, the stock has depreciated by -49.8 % implying an annual average growth of -12.9 %. In absolute terms, the value of the company ...

Commerzbank's price/earnings (P/E) fell 1.74% yoy to 9.24 in 2019

By Helgi Library - February 21, 2020

Commerzbank stock traded at EUR 5.52 per share at the end 2019 implying a market capitalization of USD 7,759 mil. Since the end of 2014, the stock has depreciated by -49.8 % implying an annual average growth of -12.9 %. In absolute terms, the value of the company ...

Commerzbank's npls (as % of loans) fell 22.1% yoy to 1.36% in 3Q2019

By Helgi Library - March 4, 2020

Commerzbank's non-performing loans reached 1.36% of total loans at the end of 2019-09-30, down from 1.75% compared to the previous year. Historically, the NPL ratio hit an all time high of 7.56% in 2013-06-30 and an all time low of 1.36% in 2019-09-30. Prov...

Commerzbank's net interest margin fell 1.97% yoy to 0.983% in 3Q2019

By Helgi Library - February 21, 2020

Commerzbank's net interest margin amounted to 0.983% in the third quarter of 2019, down from 1.01% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 1.17% in 4Q2013 and an all time low of 0.3...

Commerzbank's capital adequacy ratio fell 2.98% yoy to 16.3% in 3Q2019

By Helgi Library - March 4, 2020

Commerzbank's capital adequacy ratio reached 16.3% at the end of third quarter of 2019, up from 16.0% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 19.2% in 4Q2013 and an all time low of 9.10% in 1Q2000. ...

Commerzbank's equity (as % of assets) fell 0.285% yoy to 5.98% in 3Q2019

By Helgi Library - February 21, 2020

Commerzbank's Equity reached 5.98% of total assets in the 3Q2019, down from 5.99% for the previous year. As a share of net customer loans, the ratio amounted to 11.8% at the end of the third quarter of 2019. ...

Commerzbank's net interest income rose 3.09% yoy to EUR 1,267 mil in 3Q2019

By Helgi Library - February 21, 2020

Commerzbank generated total banking revenues of EUR 2,190 mil in the third quarter of 2019, up 2.72% when compared to the same period of last year and 2.38% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, f...

Commerzbank's customer loan growth rose 685% yoy to 21.1% in 3Q2019

By Helgi Library - February 21, 2020

Commerzbank's customer loan growth reached 21.1% in 2019-09-30, up from 2.69% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 102% in 2006-06-30 and an all time low of -33.3% in 2002-12-31. In the last deca...

Commerzbank's npls (as % of loans) fell 32.4% yoy to 1.76% in 2018

By Helgi Library - February 21, 2020

Commerzbank's non-performing loans reached 1.76% of total loans at the end of 2018, down from 2.61% compared to the previous year. Historically, the NPL ratio hit an all time high of 7.50% in 2012 and an all time low of 1.76% in 2018. Provision coverage amo...

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