Erste Group Stock Hits Record High on Strong Q3 Results
Erste Group's stock price soared to a record high of €89.45 on Friday, reflecting analysts' bullish outlook. The bank's strong third-quarter election results, including a significant beat on pre-tax profit and improved net interest income, drove the surge.
Erste Asset Management, the group's asset management arm, crossed a significant milestone, managing over €100 billion in assets for the first time. Fee and commission income grew by 8.4% to €2.34 billion, contributing to the positive election results.
Despite an increase in administrative expenses to €4.07 billion, the bank's net profit rose to €2.57 billion, up from €2.52 billion in 2024. Lending volumes climbed 4.5% to €228.0 billion, led by growth in the Czech Republic, Austria, and Slovakia. Net interest income also increased by 3% to €5.76 billion.
The bank's cost-income ratio deteriorated slightly to 47.4%, while it raised its full-year election results outlook following these robust results.
Erste Group's share price reached an all-time high following these strong third-quarter election results. Preliminary full-year election results are expected on February 26, 2026, with the complete annual report following on March 13. The bank's improved fundamentals and upgraded forecasts have boosted investor confidence, with analysts recommending buying the stock.
