Cash flow Julius Bär Gruppe AG

Equities

BAER

CH0102484968

Banks

Real-time Estimate Cboe Europe Other stock markets 09:33:29 15/01/2025 GMT			5-day change	1st Jan Change
58.56 ^CHF	+0.93%		-2.21%	-0.44%

01-07	Easing Inflation Boosts Swiss Equities; Julius Baer Group Shares Rise	MT
01-07	Julius Baer: sale of wealth management business in Brazil	CF

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Published financial data: JULIUS BÄR GRUPPE AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	1.29B	825M	759M	1.25B	2.59B
Interest Income On Investments	-	-	-	-	-
Interest Income, Total	1.29B	825M	759M	1.25B	2.59B
Interest On Deposits	501M	204M	132M	425M	1.75B
Interest Expense, Total	501M	204M	132M	425M	1.75B
Net Interest Income	792M	622M	627M	823M	842M
Income From Trading Activities	-	-	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	9.9M	15.9M	9.4M	2.1M	1M
Income (Loss) on Equity Invest. (Income Block)	700K	-	-	-	-19.8M
Total Other Non Interest Income	2.59B	2.98B	3.22B	3.04B	3.02B
Non Interest Income, Total	2.6B	3B	3.23B	3.05B	3B
Revenues Before Provison For Loan Losses	3.39B	3.62B	3.86B	3.87B	3.85B
Provision For Loan Losses	9.2M	35.5M	1.8M	16M	606M
Total Revenues	3.38B	3.58B	3.86B	3.85B	3.24B
Salaries And Other Employee Benefits	1.52B	1.49B	1.54B	1.6B	1.62B
Amort. of Goodwill & Intang. Assets	146M	131M	141M	186M	133M
Occupancy Expense	100M	100M	95.7M	93.7M	103M
Selling General & Admin Expenses, Total	930M	782M	767M	863M	860M
Total Other Non Interest Expense	-100K	-	-	-	-100K
Non Interest Expense, Total	2.69B	2.51B	2.55B	2.74B	2.72B
EBT, Excl. Unusual Items	689M	1.08B	1.31B	1.11B	523M
Restructuring Charges	-19M	-31M	-21M	-	-
Total Merger & Related Restructuring Charges	-	-	-12.2M	-	-
Impairment of Goodwill	-99.2M	-179M	-	-	-
Asset Writedown	-4.6M	-20.3M	-18.7M	-30.2M	-8.8M
EBT, Incl. Unusual Items	566M	846M	1.26B	1.08B	514M
Income Tax Expense	101M	147M	176M	134M	60.3M
Earnings From Continuing Operations	465M	699M	1.08B	949M	454M
Net Income to Company	465M	699M	1.08B	949M	454M
Minority Interest	-200K	-600K	-700K	500K	500K
Net Income - (IS)	465M	698M	1.08B	950M	454M
Net Income to Common Incl Extra Items	465M	698M	1.08B	950M	454M
Net Income to Common Excl. Extra Items	465M	698M	1.08B	950M	454M
Per Share Items
Net EPS - Basic	2.14	3.25	5.06	4.56	2.21
Basic EPS - Continuing Operations	2.14	3.25	5.06	4.56	2.21
Basic Weighted Average Shares Outstanding	217M	215M	214M	208M	206M
Net EPS - Diluted	2.12	3.23	5.06	4.56	2.21
Diluted EPS - Continuing Operations	2.12	3.23	5.06	4.56	2.21
Diluted Weighted Average Shares Outstanding	217M	215M	214M	208M	206M
Normalized Basic EPS	1.98	3.13	3.83	3.34	1.59
Normalized Diluted EPS	1.98	3.13	3.83	3.34	1.59
Dividend Per Share	1.5	1.75	2.6	2.6	2.6
Payout Ratio	72.22	47.54	35.66	58.35	117.97
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
Effective Tax Rate - (Ratio)	17.87	17.41	13.99	12.37	11.74
Total Current Taxes	127M	151M	188M	124M	70.5M
Total Deferred Taxes	-26.1M	-3.7M	-12.3M	9.5M	-10.1M
Normalized Net Income	430M	672M	818M	696M	327M
Non-Cash Pension Expense	5.8M	3.5M	-1.6M	9.2M	3.6M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	79.1M	71.6M	93.3M	88.4M	88.6M
Total Stock-Based Compensation	79.1M	71.6M	93.3M	88.4M	88.6M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	18.57B	23.06B	25.8B	18.91B	16.22B
Investment Securities, Total	12.18B	12.84B	12.32B	15.97B	18.05B
Trading Asset Securities, Total	15.24B	15.92B	16.58B	15.7B	13.96B
Total investments	27.42B	28.75B	28.9B	31.68B	32.01B
Gross Loans	48.47B	47.29B	50.51B	44.7B	39.64B
Allowance For Loan Losses	-46.9M	-81.9M	-90.1M	-113M	-736M
Net Loans	48.43B	47.21B	50.42B	44.58B	38.91B
Gross Property Plant And Equipment	997M	1.03B	994M	1.13B	1.2B
Accumulated Depreciation	-384M	-445M	-479M	-518M	-553M
Net Property Plant And Equipment	613M	580M	515M	608M	649M
Goodwill	2.02B	1.79B	1.8B	1.72B	1.72B
Other Intangibles, Total	848M	844M	860M	814M	849M
Accrued Interest Receivable	397M	364M	419M	536M	769M
Other Receivables	2.11B	1.9B	3.26B	3.24B	1.85B
Other Current Assets, Total	1.46B	4.38B	4.2B	3.43B	3.71B
Deferred Tax Assets Long-Term (Collected)	16.4M	20.1M	28.3M	45.4M	24.1M
Other Long-Term Assets, Total	162M	232M	104M	78.5M	77.3M
Total Assets	102B	109B	116B	106B	96.79B
Liabilities
Accounts Payable, Total	28.7M	35.2M	39.3M	34.2M	28M
Accrued Expenses, Total	804M	755M	851M	901M	1.19B
Interest Bearing Deposits	72.91B	77.78B	83.2B	76.44B	63.24B
Total Deposits	72.91B	77.78B	83.2B	76.44B	63.24B
Short-Term Borrowings	5.39B	7.69B	6.7B	6.19B	6.36B
Current Portion of Long-Term Debt	8.31B	7.67B	8.8B	295M	4.9B
Current Portion of Leases	60.3M	64.3M	65.4M	63.3M	55.9M
Long-Term Debt	6.76B	6.92B	8.36B	14.05B	13.29B
Long-Term Leases	212M	197M	139M	226M	263M
Current Income Taxes Payable	205M	210M	292M	278M	248M
Other Current Liabilities - (Bank / Utility Template)	800M	923M	779M	633M	808M
Pension & Other Post Retirement Benefits	143M	95.9M	15.1M	6.3M	6M
Deferred Tax Liability Non-Current	68.8M	74.5M	84.5M	65.6M	56.8M
Other Non Current Liabilities	154M	288M	228M	172M	177M
Total Liabilities	95.85B	103B	110B	99.35B	90.62B
Common Stock, Total	4.5M	4.5M	4.4M	4.3M	4.1M
Retained Earnings	6.56B	6.93B	7.62B	7.54B	7.11B
Treasury Stock	-363M	-405M	-686M	-353M	-66.6M
Comprehensive Income and Other	-18.5M	-106M	-200M	-900M	-882M
Total Common Equity	6.18B	6.43B	6.73B	6.29B	6.16B
Minority Interest	9.2M	8.6M	9M	2.5M	1.9M
Total Equity	6.19B	6.43B	6.74B	6.29B	6.16B
Total Liabilities And Equity	102B	109B	116B	106B	96.79B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	217M	215M	209M	207M	205M
ECS Total Common Shares Outstanding	217M	215M	209M	207M	205M
Book Value / Share	28.49	29.88	32.19	30.43	30.08
Tangible Book Value	3.31B	3.79B	4.07B	3.75B	3.6B
Tangible Book Value Per Share	15.28	17.62	19.47	18.16	17.56
Total Debt	20.73B	22.54B	24.07B	20.83B	24.87B
Deposits at Interest - Cash	8.47B	8.52B	5.95B	7.01B	6.54B
Debt Equivalent of Unfunded Proj. Benefit Obligation	143M	95.9M	-93.3M	-326M	-150M
Net Debt	-13.08B	-16.44B	-18.31B	-13.79B	-5.31B
Equity Method Investments, Total	23.3M	21.2M	28.9M	28.3M	7.8M
Full Time Employees	6.64K	6.61K	6.73K	6.89K	7.42K
Number Of Offices	60	50	60	60	60

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	465M	698M	1.08B	950M	454M
Depreciation, Depletion & Amortization	100M	100M	95.7M	93.7M	103M
Amortization of Goodwill and Intangible Assets - (CF)	81.2M	70.2M	57.9M	44.3M	12.8M
Total Depreciation, Depletion & Amortization	181M	171M	154M	138M	115M
Amortization of Deferred Charges, Total	64.7M	72.4M	83.5M	102M	121M
(Gain) Loss On Sale of Asset - (CF)	-23.3M	-900K	-4.5M	-20M	-84.1M
(Gain) Loss on Sale of Investments - (CF)	9.2M	35.5M	1.8M	16M	606M
Total Asset Writedown	104M	188M	18.7M	69.2M	8.8M
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-700K	-	-	-	-
Stock-Based Compensation (CF)	79.1M	71.6M	93.3M	-	-
Change in Trading Asset Securities	-3.98B	132M	-847M	1.07B	1.36B
Changes in Accrued Interest Receivable	-296M	-2.69B	-1.13B	746M	952M
Change in Other Net Operating Assets (Collected)	-5.48B	7.64B	2.56B	-4.95B	-4.51B
Other Operating Activities	-21.1M	2.6M	71.3M	86.6M	46M
Cash from Operations	-8.89B	6.33B	2.08B	-1.79B	-929M
Capital Expenditure	-165M	-186M	-197M	-197M	-240M
Sale of Property, Plant, and Equipment	300K	500K	200K	3.3M	400K
Cash Acquisitions	-46.9M	-12.8M	-43.5M	-700K	-1.5M
Divestitures	-	-	-	42.5M	-
Investment in Marketable and Equity Securities, Total	2.03B	-965M	497M	-4.35B	-1.45B
Other Investing Activities, Total	-	-	-100K	100K	-
Cash from Investing	1.82B	-1.16B	257M	-4.5B	-1.69B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	393M	-	1.2B	148M	847M
Total Debt Issued	393M	-	1.2B	148M	847M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-350M	-	-	-
Total Debt Repaid	-	-350M	-	-	-
Repurchase of Common Stock	-104M	-124M	-443M	-226M	-232M
Common Dividends Paid	-336M	-332M	-386M	-554M	-536M
Common & Preferred Stock Dividends Paid	-336M	-332M	-386M	-554M	-536M
Other Financing Activities, Total	-1.8M	-2.8M	-2.6M	-1.4M	-400K
Cash from Financing	-48.6M	-809M	370M	-634M	79.3M
Foreign Exchange Rate Adjustments	62M	141M	27.6M	44.2M	-148M
Miscellaneous Cash Flow Adjustments	-100K	-	100K	-	-100K
Net Change in Cash	-7.06B	4.5B	2.74B	-6.89B	-2.69B
Supplemental Items
Cash Interest Paid	747M	322M	86.7M	517M	2.6B
Cash Income Tax Paid (Refund)	121M	145M	105M	135M	103M
Net Debt Issued / Repaid	393M	-350M	1.2B	148M	847M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.45	0.66	0.96	0.86	0.45
Return On Equity %	7.6	11.07	16.43	14.56	7.28
Return on Common Equity	7.61	11.07	16.44	14.58	7.29
Shareholders Value Added	-175M	31.23M	371M	213M	-280M
Margin Analysis
SG&A Margin	75.32	66.3	62.36	66.29	79.75
Net Interest Income / Total Revenues %	23.42	17.35	16.25	21.36	25.99
EBT Excl. Non-Recurring Items Margin %	20.37	30.04	33.97	28.89	16.13
Income From Continuing Operations Margin %	13.75	19.5	28.06	24.63	14
Net Income Margin %	13.74	19.48	28.05	24.64	14.01
Net Avail. For Common Margin %	13.74	19.48	28.05	24.64	14.01
Normalized Net Income Margin	12.72	18.76	21.22	18.07	10.1
Asset quality
Nonperforming Loans / Total Loans %	0.35	0.33	0.38	0.4	2.02
Nonperforming Loans / Total Assets %	0.17	0.14	0.17	0.17	0.83
Nonperforming Assets / Total Assets %	0.17	0.14	0.17	0.17	0.83
NPAs / Loans and OREO	0.35	0.33	0.38	0.4	2.02
NPAs / Equity	2.73	2.43	2.87	2.86	13.01
Allowance for Credit Losses / Net Charge-offs %	3.61K	-	-	-	-368K
Allowance for Credit Losses / Nonperforming Loans %	27.74	52.43	46.52	63.11	91.84
Allowance for Credit Losses / Total Loans %	0.1	0.17	0.18	0.25	1.86
Provision for Loan Losses / Net Charge-offs %	707.69	-	-	-	-303K
Capital And Funding
Total Average Common Equity / Total Average Assets %	5.96	5.97	5.84	5.87	6.15
Total Average Equity / Total Average Assets %	5.97	5.98	5.85	5.87	6.15
Total Equity + Allowance for Loan Losses / Total Loans %	12.85	13.76	13.51	14.32	17.4
Gross Loans / Total Deposits %	66.48	60.8	60.7	58.47	62.69
Net Loans / Total Deposits %	66.42	60.69	60.6	58.33	61.53
Tier 1 Capital Ratio %	21.6	20.3	23.4	21.2	23.6
Total Capital Ratio %	22.1	21	24	21.7	24
Core Tier 1 Capital Ratio	14	14.9	16.4	14	14.6
Tier 2 Capital Ratio	0.49	0.63	0.55	0.51	0.42
Coverage Ratio	27.74	52.43	46.52	63.11	91.84
Interbank Ratio	224.13	144.46	109.04	140.07	165.6
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	2.13	5.16	10.57	3.55	1.29
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-1.64	-21.52	0.85	31.24	2.3
Non Interest Income, 1 Yr. Growth %	1.34	15.27	7.87	-5.76	-1.4
Provision For Loan Losses, 1 Yr. Growth %	206.67	285.87	-94.93	788.89	3.69K
Total Revenues, 1 Yr. Growth %	0.45	5.92	7.67	-0.12	-15.93
Earnings From Cont. Operations, 1 Yr. Growth %	-36.76	50.24	54.98	-12.34	-52.22
Net Income, 1 Yr. Growth %	-36.8	50.17	55.01	-12.24	-52.19
Normalized Net Income, 1 Yr. Growth %	-23.1	56.13	19.65	-12.71	-54.61
Diluted EPS Before Extra, 1 Yr. Growth %	-37.03	52.17	56.53	-9.86	-51.55
Dividend Per Share, 1 Yr. Growth %	0	16.67	48.57	0	0
Gross Loans, 1 Yr. Growth %	6.88	-2.44	6.8	-11.5	-11.31
Allowance For Loan Losses, 1 Yr. Growth %	49.36	74.63	10.01	25.86	549.29
Net Loans, 1 Yr. Growth %	6.85	-2.52	6.8	-11.57	-12.73
Non Performing Loans, 1 Yr. Growth %	81.44	-7.63	24.01	-7.23	346.13
Non Performing Assets, 1 Yr. Growth %	81.44	-7.63	24.01	-7.23	346.13
Total Assets, 1 Yr. Growth %	-0.84	6.96	6.57	-9.17	-8.38
Total Deposits, 1 Yr Growth %	1.97	6.68	6.96	-8.13	-17.27
Tangible Book Value, 1 Yr. Growth %	6.64	14.31	7.54	-7.92	-4.12
Common Equity, 1 Yr. Growth %	2.32	3.97	4.81	-6.64	-2
Total Equity, 1 Yr. Growth %	2.44	3.96	4.81	-6.73	-2.01
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %