Commerzbank AG

Commerzbank AG

35.77
EUR
-1.45
(-3.90%)
3.11EPS
13.01P/E
40.20BMarket Cap
Nov 05Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.55
8.42
8.14
7.3
6.87
6.84
7.06
6.99
7.7
8.3
9.48
10.41
11.8
11.9
Basic EPS, GAAP
0.09
0.23
0.9
0.22
0.1
0.69
0.47
-2.29
0.34
1.15
1.79
2.25
2.39
2.86
Free Cash Flow per Basic Share
-10.92
2.07
11.97
5.5
15.56
-0.75
-9.17
26.17
-20.15
20.11
15.48
-18.06
-7.18
- -
Dividend per Share
- -
- -
- -
0.2
- -
- -
0.2
- -
- -
- -
0.2
0.35
0.67
- -
Book Value per Share
22.89
22.68
23.25
22.79
23.04
22.53
23.32
21.92
23.04
23.99
25.8
29.88
30.85
31.24
Tangible Book Value per Share
20.07
19.76
20.44
20.36
20.41
19.94
20.88
20.79
22.04
22.96
24.67
28.33
29.16
29.46
Basic Weighted Avg Shares
913
1,139
1,209
1,252
1,252
1,252
1,252
1,252
1,252
1,252
1,246
1,188
1,097
1,098
Sales/Revenue/Turnover
9,638
9,581
9,841
9,138
8,605
8,571
8,843
8,758
9,645
10,390
11,812
12,362
12,934
13,068
Operating Margin (%)
2.41
6.5
18.24
7.04
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
382
419
485
547
612
663
1,005
939
875
811
769
806
838
- -
Net Income, GAAP
81
266
1,084
279
128
862
585
-2,870
430
1,435
2,224
2,677
2,625
3,139
Effective Tax Rate (%)
27.73
40.76
34.41
40.59
63.05
21.58
37.46
- -
- -
30.52
34.91
25.8
27.59
29.01
Profit Margin (%)
0.84
2.78
11.02
3.05
1.49
10.06
6.62
-32.77
4.46
13.81
18.83
21.66
20.3
24.02
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
78,356
61,169
52,416
46,760
44,041
46,390
45,276
46,123
43,845
43,765
48,254
54,886
72,543
83,385
Total Equity
27,005
26,729
30,125
29,574
30,021
29,413
30,501
28,574
29,826
30,933
33,008
35,717
35,364
35,435
Return on Invested Capital (%)
-0.17
0.33
1.3
0.22
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
-0.01
0.17
1.14
0.22
0.05
1.01
0.64
- -
- -
1.99
2.86
2.92
2.41
2.49
Return on Common Equity (%)
0.32
1.03
3.95
0.97
0.45
3.02
2.04
-10.13
1.53
4.87
7.17
8.06
7.69
9.29

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,097
1,097
1,081
Market Capitalization
39,650
34,321
40,197

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
67,729
65,465
58,960
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.71%
4.4%
-0.99%
Free Cash Flow
9.28%
-134.94%
-63.28%
Net Income, GAAP
1.45%
38.43%
-1.94%
Sales/Revenue/Turnover
2.97%
8.17%
4.63%
Total Cash Common Dividend
- -
- -
76.63%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,747
3,367
2,131
4,117
12,362
2025
3,062
3,459
2,496
3,917
12,934
2026
3,218
3,437
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.62
0.45
0.54
0.65
2.25
2025
0.73
0.41
0.53
0.67
2.39
2026
0.84
0.83
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.35
2025
- -
- -
- -
- -
0.67
2026
- -
- -
- -
- -
- -

Company Description

CEO
Bettina Orlopp
Full Time Employees
40,812
Sector
Finance
Industry
Regional banks
Address
Kaiserplatz Frankfurt HE Germany 60311
IPO Date
Feb 26, 1870
Business
Commerzbank AG (CBK.DE) operates as a leading full-service commercial bank in Germany, serving corporate clients, private customers, and small businesses through its two primary segments: Corporate Clients and Private and Small-Business Customers. Founded in 1870 in Hamburg and headquartered in the Commerzbank Tower in Frankfurt am Main, the bank maintains approximately 400 branches across Germany and conducts international operations in more than 40 countries, with a focus on supporting German Mittelstand companies, large corporates, institutional clients, and firms in future-oriented industries; it finances around 30% of German foreign trade. Its core products and services encompass a comprehensive portfolio including savings, fixed deposit, checking, business, current, call money, and joint accounts; insurance products; credit and debit cards; pensions; bilateral loans such as term loans and revolving credit; payment transactions; securities trading; investment and financing solutions; real estate and corporate loans in partnership with KfW; capital market structuring for shares and bonds; foreign exchange, risk management, and transaction banking services; asset and wealth management with over €400 billion in assets under management; and digital offerings via omnichannel approaches including online, mobile, remote advisory, and branches under the Commerzbank and comdirect brands, complemented by its Polish subsidiary mBank serving 5.8 million customers primarily in Poland, the Czech Republic, and Slovakia. In recent developments, Commerzbank reported record 2024 financial results with net profit rising 20% to €2.7 billion, revenues up 6% to €11.1 billion driven by 7% growth in net commission income to €3.6 billion, and return on tangible equity at 9.2%, prompting an upgraded "Momentum" strategy targeting 15% RoTE and €4.2 billion net result by 2028 through accelerated growth in asset management, digitalization, AI partnerships with Google Cloud and Microsoft, and Visa as a long-term payment card ally. The bank executed share buybacks totaling €1 billion for 2024 including a completed €400 million tranche in March 2025 repurchasing 1.5% of shares, alongside a proposed dividend of €0.65 per share, resulting in €1.73 billion total capital return or 71% of net result after AT1 coupons. It plans €700 million in 2025 restructuring charges for transformation including 3,900 FTE reductions offset by hiring in growth areas like mBank and international sites, while targeting €2.4 billion net result after charges and a 57% cost-income ratio.

Company News

  • Italy's UniCredit wins ECB approval to control Germany's Commerzbank

  • EU antitrust regulators to decide on UniCredit's Commerzbank deal by November 16

  • Berlin expects UniCredit commitments on Commerzbank, sources say

  • UniCredit's Andrea Orcel moves to seize control of Commerzbank within months, FT reports

  • Commerzbank AG (CRZBY) Presents at Bank of America 31st Annual Financials CEO Conference Transcript

  • Commerzbank could buy UniCredit's HVB as part of bank tie-up, CEO says

  • UniCredit: Stronger Earnings Quality And Commerzbank Optionality Support The Buy Case

  • Commerzbank AG (CRZBY) Presents at Barclays 24th Annual Global Financial Services Conference Transcript

  • Gold could do well as Trump admin and Fed face a reckoning over interest rates - Commerzbank

  • UniCredit wants Commerzbank CEO and chair to leave their roles

  • German finance minister lays out demands to UniCredit CEO on possible Commerzbank takeover

  • Germany pushes for Commerzbank stock listing as UniCredit aims for deal, sources say

  • Germany warming to UniCredit on Commerzbank seen bolstering way for European bank deals

  • Commerzbank to buy back own shares for €1.2 billion

  • Commerzbank CEO: serving out contract depends on agreement with board

  • Analyzing PT Bank Central Asia Tbk (OTCMKTS:PBCRY) and Commerzbank (OTCMKTS:CRZBY)

  • Commerzbank chair calls for review of German takeover rules after UniCredit bid

  • German prosecutors file charges in tax fraud case against four former Commerzbank staff

  • Focus: Culture clash: How Orcel's profit-boosting recipe could prove a bitter pill for Commerzbank

  • ECB leaning towards approving UniCredit's Commerzbank bid