Cash flow EFG International AG

Equities

EFGN

CH0022268228

Banks

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11.46 ^CHF	+0.88%		+1.24%	+6.11%

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2630701.piLX5mFs05Q9Unc6yjLYYqsk73ZZJEXHOmtYv7939MU.11Dk0RkEmdxRAxxKply8DPhQqSUUFyquDxo2i_tFh6iLaZ6QMSWZ-Fw_Ig

Published financial data: EFG INTERNATIONAL AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	680M	476M	389M	678M	1.39B
Interest Income On Investments	7.2M	2.1M	1.8M	2.2M	2.8M
Interest Income, Total	688M	478M	391M	681M	1.39B
Interest On Deposits	354M	176M	130M	283M	877M
Interest Expense, Total	354M	176M	130M	283M	877M
Net Interest Income	333M	302M	261M	398M	515M
Income From Trading Activities	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	7.6M	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	54.3M	28.6M	64.4M	3.8M	71.4M
Total Other Non Interest Income	784M	800M	929M	861M	844M
Non Interest Income, Total	838M	829M	994M	872M	916M
Revenues Before Provison For Loan Losses	1.17B	1.13B	1.25B	1.27B	1.43B
Provision For Loan Losses	10.8M	6.4M	-3.3M	2.9M	6.7M
Total Revenues	1.16B	1.12B	1.26B	1.27B	1.42B
Salaries And Other Employee Benefits	-	-	-	-	-
Stock-Based Compensation (IS)	31.9M	18.4M	26.8M	30.5M	51.9M
Amort. of Goodwill & Intang. Assets	-	-	-	-	-
Occupancy Expense	-	-	-	-	-
Selling General & Admin Expenses, Total	14M	8.3M	8.9M	11.4M	13M
Total Other Non Interest Expense	946M	920M	955M	923M	1B
Non Interest Expense, Total	992M	946M	991M	965M	1.07B
EBT, Excl. Unusual Items	168M	178M	267M	302M	359M
Restructuring Charges	-10.6M	-9.3M	-	-	-
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	-	-	-	-	-23.6M
Legal Settlements	-3.4M	-7.2M	-84.8M	-48.2M	-1.8M
Other Unusual Items	-30.6M	-9M	63M	-16.5M	-
EBT, Incl. Unusual Items	123M	152M	245M	237M	333M
Income Tax Expense	23.1M	30.5M	31.5M	33.4M	30M
Earnings From Continuing Operations	100M	122M	214M	204M	303M
Net Income to Company	100M	122M	214M	204M	303M
Minority Interest	-6.1M	-6.5M	-8.1M	-1.3M	-
Net Income - (IS)	94.2M	115M	206M	202M	303M
Preferred Dividend and Other Adjustments	200K	-	19.1M	20.5M	18.4M
Net Income to Common Incl Extra Items	94M	115M	187M	182M	285M
Net Income to Common Excl. Extra Items	94M	115M	187M	182M	285M
Per Share Items
Net EPS - Basic	0.32	0.39	0.62	0.6	0.94
Basic EPS - Continuing Operations	0.32	0.39	0.62	0.6	0.94
Basic Weighted Average Shares Outstanding	291M	294M	299M	305M	303M
Net EPS - Diluted	0.31	0.37	0.59	0.57	0.91
Diluted EPS - Continuing Operations	0.31	0.37	0.59	0.57	0.91
Diluted Weighted Average Shares Outstanding	308M	310M	316M	318M	312M
Normalized Basic EPS	0.34	0.36	0.53	0.61	0.74
Normalized Diluted EPS	0.32	0.34	0.5	0.59	0.72
Dividend Per Share	0.15	0.3	0.36	0.45	0.55
Payout Ratio	92.25	76.24	44.9	64.33	51.81
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	18.72	20.03	12.84	14.09	9
Total Current Taxes	19.2M	27.9M	23.8M	40.7M	25.1M
Total Deferred Taxes	3.9M	2.6M	7.7M	-7.3M	4.9M
Normalized Net Income	98.9M	105M	159M	187M	224M
Non-Cash Pension Expense	-26.3M	-4.7M	-19.2M	-3.5M	3.2M
Supplemental Operating Expense Items
Stock-Based Comp., Other (Total)	31.9M	18.4M	26.8M	30.5M	51.9M
Total Stock-Based Compensation	31.9M	18.4M	26.8M	30.5M	51.9M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.28B	3.38B	2.91B	3.64B	4.19B
Investment Securities, Total	7.26B	6.65B	8.34B	10.15B	10.09B
Trading Asset Securities, Total	1.67B	1.82B	974M	1.8B	1.57B
Total investments	8.93B	8.47B	9.31B	11.95B	11.67B
Gross Loans	19.14B	18.32B	18.24B	16.76B	16.04B
Allowance For Loan Losses	-106M	-98.3M	-16.9M	-14.2M	-18.1M
Net Loans	19.03B	18.22B	18.23B	16.75B	16.02B
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	282M	335M	335M	312M	300M
Goodwill	70.5M	69.7M	48.8M	46.4M	42.8M
Other Intangibles, Total	188M	191M	180M	193M	161M
Accrued Interest Receivable	34.7M	36.7M	32.3M	24.2M	24.2M
Other Receivables	549M	593M	317M	380M	452M
Restricted Cash	8.32B	8.58B	9.75B	9.45B	4.68B
Other Current Assets, Total	206M	402M	449M	193M	177M
Deferred Tax Assets Long-Term (Collected)	93.5M	96.5M	61.9M	80.1M	73.9M
Other Real Estate Owned And Foreclosed	-	10.3M	14M	13.7M	6.7M
Other Long-Term Assets, Total	-	258M	515M	512M	786M
Total Assets	40.98B	40.64B	42.14B	43.54B	38.59B
Liabilities
Accrued Expenses, Total	14.4M	13.5M	11.6M	8.6M	9.4M
Interest Bearing Deposits	13.08B	7.89B	8.24B	17.49B	19.74B
Non-Interest Bearing Deposits	17.62B	22.96B	24.27B	16.55B	10.32B
Total Deposits	30.71B	30.84B	32.52B	34.04B	30.06B
Short-Term Borrowings	1.34B	1.78B	1.59B	2.34B	2.2B
Current Portion of Long-Term Debt	400M	38.3M	39.5M	221M	316M
Current Portion of Leases	40.3M	40.5M	35.2M	34.5M	36.2M
Long-Term Debt	82.9M	391M	252M	36.2M	42.6M
Long-Term Leases	102M	170M	188M	173M	160M
Current Income Taxes Payable	20.2M	24.6M	19M	19.7M	13M
Other Current Liabilities - (Bank / Utility Template)	2.24B	11.5M	30.4M	21.6M	17.9M
Unearned Revenue Non Current	332M	268M	328M	292M	319M
Pension & Other Post Retirement Benefits	70.7M	119M	-	10.4M	38.7M
Deferred Tax Liability Non-Current	25.4M	23M	19.9M	17.4M	16.4M
Other Non Current Liabilities	3.83B	5.15B	4.82B	4.26B	3.15B
Total Liabilities	39.2B	38.88B	39.85B	41.47B	36.37B
Preferred Stock Non Redeemable	200K	200K	200K	-	-
Total Preferred Equity	200K	200K	200K	-	-
Common Stock, Total	149M	149M	152M	151M	151M
Additional Paid In Capital	1.86B	1.86B	2.01B	1.97B	1.93B
Retained Earnings	-564M	-544M	-407M	-314M	-165M
Treasury Stock	-3M	-1M	-	-	-
Comprehensive Income and Other	286M	239M	489M	256M	298M
Total Common Equity	1.73B	1.7B	2.25B	2.06B	2.22B
Minority Interest	54.1M	56.8M	42.6M	800K	-
Total Equity	1.78B	1.76B	2.29B	2.07B	2.22B
Total Liabilities And Equity	40.98B	40.64B	42.14B	43.54B	38.59B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	291M	296M	304M	303M	302M
ECS Total Common Shares Outstanding	291M	296M	304M	303M	302M
Book Value / Share	5.93	5.74	7.4	6.82	7.35
Tangible Book Value	1.47B	1.44B	2.02B	1.83B	2.01B
Tangible Book Value Per Share	5.04	4.87	6.64	6.03	6.67
Total Debt	1.96B	2.42B	2.11B	2.81B	2.75B
Deposits at Interest - Cash	11.53B	11.89B	12.6B	13.05B	8.83B
Debt Equivalent of Unfunded Proj. Benefit Obligation	70.7M	119M	-72M	-120M	-45.3M
Net Debt	-2.98B	-2.77B	-1.77B	-2.62B	-3.01B
Full Time Employees	3.31K	3.15K	3.03K	2.83K	3.02K
Number Of Offices	40	40	40	40	40

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	94.2M	115M	206M	202M	303M
Depreciation, Depletion & Amortization	56.7M	52.1M	53.5M	48.6M	45.4M
Amortization of Goodwill and Intangible Assets - (CF)	11.4M	12.4M	11.5M	10.3M	9.6M
Total Depreciation, Depletion & Amortization	68.1M	64.5M	65M	58.9M	55M
Amortization of Deferred Charges, Total	11.6M	12.5M	17.3M	23.8M	23.6M
Change in Other Net Operating Assets (Collected)	-821M	-450M	-827M	489M	24.5M
Other Operating Activities	-20.3M	-62M	-50.9M	89.1M	73.7M
Cash from Operations	-667M	-319M	-590M	863M	480M
Capital Expenditure	-7.7M	-13.4M	-7.8M	-7.9M	-500K
Sale of Property, Plant, and Equipment	2.5M	16M	-	2.2M	-
Cash Acquisitions	-1.7M	-	-	-	-
Divestitures	-	-2.3M	130M	54.9M	-
Purchase / Sale of Intangible Assets	-28.8M	-28.9M	-35.8M	-36.1M	-25.7M
Investment in Marketable and Equity Securities, Total	26.8M	366M	-746M	-1.94B	-1.19B
Cash from Investing	-8.9M	338M	-660M	-1.93B	-1.22B
Long-Term Debt Issued, Total	8.23B	6.39B	-	-	-
Total Debt Issued	8.23B	6.39B	-	-	-
Long-Term Debt Repaid, Total	-7.88B	-7.08B	-228M	-226M	-30.9M
Total Debt Repaid	-7.88B	-7.08B	-228M	-226M	-30.9M
Issuance of Common Stock	-	-	351M	800K	-
Repurchase of Common Stock	-31.6M	-2.8M	-	-73.8M	-76.6M
Common Dividends Paid	-86.7M	-87.9M	-92.4M	-130M	-157M
Preferred Dividends Paid	-200K	-	-	-	-
Common & Preferred Stock Dividends Paid	-86.9M	-87.9M	-92.4M	-130M	-157M
Net Increase (Decrease) in Deposit Accounts - (CF)	874M	1.17B	1.94B	2.24B	-3.12B
Other Financing Activities, Total	7.3M	-11.6M	-17.1M	-3.8M	-900K
Cash from Financing	1.12B	385M	1.95B	1.8B	-3.39B
Foreign Exchange Rate Adjustments	-18.6M	-46.5M	-3.6M	-309M	-85.1M
Net Change in Cash	423M	357M	701M	432M	-4.21B
Supplemental Items
Cash Interest Paid	362M	200M	137M	252M	820M
Cash Income Tax Paid (Refund)	17.7M	24.5M	28.5M	38M	31.5M
Net Debt Issued / Repaid	354M	-683M	-228M	-226M	-30.9M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.25	0.3	0.52	0.48	0.74
Return On Equity %	5.84	6.88	10.56	9.35	14.16
Return on Common Equity	5.6	6.73	9.45	8.43	13.3
Shareholders Value Added	-89.03M	-72.15M	-19.68M	-46.09M	55.9M
Margin Analysis
SG&A Margin	1.21	0.74	0.71	0.9	0.91
Net Interest Income / Total Revenues %	28.71	26.86	20.76	31.39	36.15
EBT Excl. Non-Recurring Items Margin %	14.48	15.82	21.24	23.82	25.18
Income From Continuing Operations Margin %	8.65	10.83	17	16.08	21.29
Net Income Margin %	8.12	10.26	16.36	15.97	21.29
Net Avail. For Common Margin %	8.1	10.26	14.84	14.36	20
Normalized Net Income Margin	8.53	9.31	12.63	14.78	15.74
Asset quality
Nonperforming Loans / Total Loans %	2.02	2.16	1.52	1.49	2.47
Nonperforming Loans / Total Assets %	0.94	0.97	0.66	0.57	1.03
Nonperforming Assets / Total Assets %	0.94	1	0.69	0.6	1.05
NPAs / Loans and OREO	2.02	2.21	1.59	1.57	2.51
NPAs / Equity	21.73	23.05	12.7	12.75	18.19
Allowance for Credit Losses / Net Charge-offs %	80.08	4.27K	162.5	262.96	565.62
Allowance for Credit Losses / Nonperforming Loans %	27.52	24.89	6.1	5.69	4.56
Allowance for Credit Losses / Total Loans %	0.56	0.54	0.09	0.08	0.11
Provision for Loan Losses / Net Charge-offs %	8.12	278.26	-31.73	53.7	209.38
Capital And Funding
Total Average Common Equity / Total Average Assets %	4.13	4.2	4.77	5.03	5.21
Total Average Equity / Total Average Assets %	4.24	4.34	4.89	5.08	5.21
Total Equity + Allowance for Loan Losses / Total Loans %	9.58	9.82	12.42	12.4	13.94
Gross Loans / Total Deposits %	62.32	59.4	56.1	49.25	53.36
Net Loans / Total Deposits %	61.97	59.09	56.05	49.21	53.3
Tier 1 Capital Ratio %	16.32	16.31	20.07	18.64	21
Total Capital Ratio %	20.1	19.9	21.9	18.6	21
Core Tier 1 Capital Ratio	16.2	16.2	16.3	14.7	17
Tier 2 Capital Ratio	3.8	3.54	1.82	0	-
Coverage Ratio	27.52	24.89	6.1	5.69	4.56
Interbank Ratio	660.12	599.5	410	188.85	205.4
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.35	1.86	2.89	1.84	1.38
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-9.09	-9.34	-13.54	52.32	29.44
Non Interest Income, 1 Yr. Growth %	7.52	-1.1	19.9	-12.2	5
Provision For Loan Losses, 1 Yr. Growth %	-23.4	-40.74	-151.56	-187.88	131.03