Cash flow Commerzbank AG

Equities

CBK

DE000CBK1001

Banks

Real-time Estimate Tradegate Other stock markets 08:34:48 11/09/2024 BST			5-day change	1st Jan Change
14.67 ^EUR	+16.43%		+14.41%	+35.41%

09:34am	UniCredit Acquires Additional Stake in Commerzbank from German Government	MT
09:26am	European shares gain on boost from oil, resources sectors	RE

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Published financial data: COMMERZBANK AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	8.78B	7.58B	7.27B	10.33B	18.26B
Interest Income On Investments	35M	37M	22M	32M	26M
Interest Income, Total	8.81B	7.62B	7.29B	10.36B	18.29B
Interest On Deposits	3.7B	2.61B	2.42B	3.87B	9.9B
Interest Expense, Total	3.7B	2.61B	2.42B	3.87B	9.9B
Net Interest Income	5.11B	5.01B	4.87B	6.49B	8.39B
Income From Trading Activities	-	-	-	-	-
Gain (Loss) on Sale of Loans	-5M	-68M	-21M	48M	167M
Gain (Loss) on Sale of Assets	111M	1M	4M	36M	11M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	247M	61M	983M	455M	-375M
Income (Loss) on Equity Invest. (Income Block)	10M	6M	6M	13M	4M
Total Other Non Interest Income	3.32B	3.3B	2.74B	2.5B	2.33B
Non Interest Income, Total	3.68B	3.3B	3.71B	3.05B	2.14B
Revenues Before Provison For Loan Losses	8.79B	8.31B	8.58B	9.54B	10.53B
Provision For Loan Losses	620M	1.75B	570M	876M	618M
Total Revenues	8.17B	6.56B	8.01B	8.67B	9.92B
Salaries And Other Employee Benefits	-	-	-	-	-
Stock-Based Compensation (IS)	14M	7M	10M	27M	43M
Amort. of Goodwill & Intang. Assets	-	-	-	-	-
Occupancy Expense	-	-	-	-	-
Selling General & Admin Expenses, Total	377M	379M	361M	365M	332M
Total Other Non Interest Expense	6.52B	6.41B	6.24B	6.17B	6.1B
Non Interest Expense, Total	6.91B	6.8B	6.62B	6.56B	6.47B
EBT, Excl. Unusual Items	1.26B	-235M	1.4B	2.11B	3.44B
Restructuring Charges	-101M	-814M	-1.08B	-94M	-18M
Impairment of Goodwill	-	-1.52B	-	-	-
Asset Writedown	-28M	-57M	-214M	-10M	-24M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	1.13B	-2.63B	105M	2B	3.4B
Income Tax Expense	367M	264M	-248M	612M	1.19B
Earnings From Continuing Operations	762M	-2.89B	353M	1.39B	2.21B
Earnings Of Discontinued Operations	-18M	30M	-	-	-
Net Income to Company	744M	-2.86B	353M	1.39B	2.21B
Minority Interest	-100M	-9M	77M	42M	10M
Net Income - (IS)	644M	-2.87B	430M	1.44B	2.22B
Preferred Dividend and Other Adjustments	-	48M	140M	190M	194M
Net Income to Common Incl Extra Items	644M	-2.92B	290M	1.24B	2.03B
Net Income to Common Excl. Extra Items	662M	-2.95B	290M	1.24B	2.03B
Per Share Items
Net EPS - Basic	0.51	-2.33	0.23	0.99	1.63
Basic EPS - Continuing Operations	0.53	-2.35	0.23	0.99	1.63
Basic Weighted Average Shares Outstanding	1.25B	1.25B	1.25B	1.25B	1.25B
Net EPS - Diluted	0.51	-2.33	0.23	0.99	1.63
Diluted EPS - Continuing Operations	0.53	-2.35	0.23	0.99	1.63
Diluted Weighted Average Shares Outstanding	1.25B	1.25B	1.25B	1.25B	1.25B
Normalized Basic EPS	0.55	-0.12	0.76	1.09	1.74
Normalized Diluted EPS	0.55	-0.12	0.76	1.09	1.74
Dividend Per Share	-	-	-	0.2	0.35
Payout Ratio	38.82	-	-	-	11.24
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	32.51	-10.05	-236.19	30.52	34.92
Total Current Taxes	323M	214M	315M	616M	630M
Total Deferred Taxes	44M	50M	-563M	-4M	558M
Normalized Net Income	686M	-156M	950M	1.36B	2.16B
Non-Cash Pension Expense	145M	182M	150M	163M	103M
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	14M	7M	10M	27M	43M
Total Stock-Based Compensation	14M	7M	10M	27M	43M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	10.47B	10.61B	9.71B	58.11B	65.82B
Investment Securities, Total	67.66B	81.1B	78.7B	66.9B	74.3B
Trading Asset Securities, Total	74.75B	80.37B	68.96B	57.94B	71.39B
Total investments	142B	161B	148B	125B	146B
Gross Loans	262B	261B	268B	271B	273B
Allowance For Loan Losses	-2.13B	-3.04B	-2.83B	-3.04B	-3.87B
Net Loans	260B	258B	265B	268B	269B
Gross Property Plant And Equipment	6.28B	6.3B	6.28B	-	5.85B
Accumulated Depreciation	-2.79B	-3.09B	-3.4B	-	-3.5B
Net Property Plant And Equipment	3.49B	3.21B	2.88B	2.43B	2.35B
Goodwill	1.52B	-	-	-	-
Other Intangibles, Total	1.53B	1.42B	1.24B	1.29B	1.39B
Investment in Real Estate	13M	13M	41M	57M	53M
Accrued Interest Receivable	229M	275M	269M	256M	241M
Other Receivables	439M	130M	222M	178M	138M
Restricted Cash	30.69B	65B	39.8B	17.13B	27.3B
Other Current Assets, Total	7.98B	2.12B	910M	243M	200M
Deferred Tax Assets Long-Term (Collected)	3.01B	2.69B	3.13B	3.12B	2.5B
Other Long-Term Assets, Total	1.5B	1.52B	1.79B	2.09B	2.3B
Total Assets	464B	507B	473B	477B	517B
Liabilities
Accrued Expenses, Total	828M	761M	884M	1.01B	1.2B
Interest Bearing Deposits	329B	374B	352B	373B	410B
Non-Interest Bearing Deposits	-	-	-	-	-
Total Deposits	329B	374B	352B	373B	410B
Short-Term Borrowings	44.96B	50.89B	38.66B	21.86B	17.77B
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	-	434M	433M	348M	338M
Long-Term Debt	41.6B	42.91B	41.85B	41.79B	45.49B
Long-Term Leases	2.09B	1.62B	1.5B	1.36B	1.34B
Current Income Taxes Payable	439M	448M	549M	826M	535M
Other Current Liabilities - (Bank / Utility Template)	10.13B	2.47B	2.11B	1.44B	2.04B
Pension & Other Post Retirement Benefits	713M	513M	255M	520M	657M
Deferred Tax Liability Non-Current	27M	10M	13M	6M	3M
Other Non Current Liabilities	3.49B	4.5B	5.16B	4.03B	4.62B
Total Liabilities	433B	478B	443B	447B	484B
Common Stock, Total	1.25B	1.25B	1.25B	1.25B	1.24B
Retained Earnings	10.21B	12.6B	14.98B	16.47B	18.03B
Comprehensive Income and Other	17.91B	13.63B	12.62B	12.3B	12.73B
Total Common Equity	29.37B	27.48B	28.85B	30.02B	31.99B
Minority Interest	1.3B	1.12B	975M	888M	1.02B
Total Equity	30.67B	28.6B	29.83B	30.9B	33.01B
Total Liabilities And Equity	464B	507B	473B	477B	517B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.25B	1.25B	1.25B	1.25B	1.24B
ECS Total Common Shares Outstanding	1.25B	1.25B	1.25B	1.25B	1.24B
Book Value / Share	23.45	21.94	23.04	23.97	25.8
Tangible Book Value	26.32B	26.06B	27.61B	28.73B	30.6B
Tangible Book Value Per Share	21.01	20.81	22.04	22.94	24.67
Tangible Book Value Per Share (As Reported)	21.54	19.82	20.48	21.58	23.33
Total Debt	88.66B	95.86B	82.44B	65.35B	64.93B
Deposits at Interest - Cash	30.69B	65B	39.8B	17.13B	27.3B
Debt Equivalent of Unfunded Proj. Benefit Obligation	539M	277M	-454M	-572M	-602M
Net Debt	3.43B	4.88B	3.78B	-50.69B	-72.28B
Equity Method Investments, Total	177M	169M	175M	182M	142M
Full Time Employees	48.51K	47.72K	46.22K	41.91K	42.1K
Number Of Offices	1.44K	1.24K	978	862	801
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	644M	-2.87B	430M	1.44B	2.22B
Depreciation, Depletion & Amortization	571M	547M	521M	474M	436M
Amortization of Goodwill and Intangible Assets - (CF)	41M	21M	2M	4M	1M
Total Depreciation, Depletion & Amortization	612M	568M	523M	478M	437M
Amortization of Deferred Charges, Total	483M	457M	427M	409M	387M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	8M	1M	4M	36M	11M
Total Asset Writedown	44M	67M	218M	11M	25M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Change in Trading Asset Securities	-3.65B	-12.16B	-4.38B	6.68B	-23.64B
Change in Other Net Operating Assets (Collected)	-9.17B	46.57B	-30.87B	22.63B	38.68B
Other Operating Activities	244M	1.05B	9.39B	-5.82B	1.97B
Cash from Operations	-10.79B	33.68B	-24.26B	25.86B	20.09B
Capital Expenditure	-699M	-898M	-973M	-675M	-998M
Sale of Property, Plant, and Equipment	55M	112M	278M	55M	57M
Cash Acquisitions	-7M	-433M	-24M	-62M	-2M
Divestitures	-192M	-2M	-85M	-30M	22M
Investment in Marketable and Equity Securities, Total	-1M	-	-	-	-
Other Investing Activities, Total	-	-	-	-1M	1M
Cash from Investing	-844M	-1.22B	-804M	-713M	-920M
Long-Term Debt Issued, Total	-	2.55B	-	477M	-
Total Debt Issued	-	2.55B	-	477M	-
Long-Term Debt Repaid, Total	-926M	-345M	-1.71B	-299M	-722M
Total Debt Repaid	-926M	-345M	-1.71B	-299M	-722M
Issuance of Common Stock	-	-	496M	-	-
Repurchase of Common Stock	-	-	-	-	-122M
Common Dividends Paid	-250M	-	-	-	-250M
Common & Preferred Stock Dividends Paid	-250M	-	-	-	-250M
Net Increase (Decrease) in Deposit Accounts - (CF)	-	-	-	-	-
Other Financing Activities, Total	-1M	-	-1M	-	-
Cash from Financing	-1.18B	2.21B	-1.21B	178M	-1.09B
Foreign Exchange Rate Adjustments	58M	-223M	179M	402M	-180M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-12.75B	34.44B	-26.1B	25.73B	17.89B
Supplemental Items
Cash Interest Paid	3.11B	2.81B	2.48B	3.74B	9B
Cash Income Tax Paid (Refund)	3M	-23M	328M	233M	673M
Net Debt Issued / Repaid	-926M	2.21B	-1.71B	178M	-722M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.16	-0.6	0.07	0.29	0.45
Return On Equity %	2.54	-9.78	1.21	4.59	6.93
Return on Common Equity	2.3	-10.4	1.03	4.23	6.54
Shareholders Value Added	-2.71B	-5.74B	-2.27B	-2.03B	-1.49B
Margin Analysis
SG&A Margin	4.62	5.78	4.51	4.21	3.35
Net Interest Income / Total Revenues %	62.55	76.39	60.78	74.88	84.66
EBT Excl. Non-Recurring Items Margin %	15.4	-3.58	17.44	24.33	34.74
Income From Continuing Operations Margin %	9.33	-44.06	4.41	16.07	22.33
Net Income Margin %	7.88	-43.74	5.37	16.56	22.43
Net Avail. For Common Margin %	8.1	-44.93	3.62	14.36	20.47
Normalized Net Income Margin	8.4	-2.38	11.86	15.69	21.81
Asset quality
Nonperforming Loans / Total Loans %	1.42	1.83	1.55	2.07	1.73
Nonperforming Loans / Total Assets %	0.81	0.95	0.88	1.17	0.91
Nonperforming Assets / Total Assets %	0.81	0.95	0.88	1.17	0.91
NPAs / Loans and OREO	1.42	1.83	1.55	2.07	1.73
NPAs / Equity	12.18	16.76	13.92	18.12	14.33
Allowance for Credit Losses / Net Charge-offs %	-	-	-	-	-
Allowance for Credit Losses / Nonperforming Loans %	57.03	63.5	68.14	54.33	81.86
Allowance for Credit Losses / Total Loans %	0.81	1.16	1.05	1.12	1.42
Provision for Loan Losses / Net Charge-offs %	-	-	-	-	-
Capital And Funding
Total Average Common Equity / Total Average Assets %	6.22	5.84	5.75	6.23	6.24
Total Average Equity / Total Average Assets %	6.49	6.09	5.96	6.43	6.43
Total Equity + Allowance for Loan Losses / Total Loans %	12	11.67	11.81	12.21	13.14
Gross Loans / Total Deposits %	79.86	69.96	76.24	72.52	66.57
Net Loans / Total Deposits %	79.21	69.15	75.44	71.7	65.62
Tier 1 Capital Ratio %	14.3	15	15.5	16	16.5
Total Capital Ratio %	16.8	17.7	18.4	18.9	19.3
Core Tier 1 Capital Ratio	13.4	13.2	13.6	14.1	14.7
Tier 2 Capital Ratio	2.52	2.7	2.84	2.85	2.86
Interbank Ratio	44.73	43.95	40.84	99.78	92.98
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense