Bankinter's shares performed extraordinarily well in 2022 and their profitability was among the best of the year. Shareholders who held their shares throughout the year obtained a total return of more than 45%, including dividends paid out, which grew by more than 20% over the previous year. The share price appreciation was 39%, while the average for Spanish listed banks was 27%. The Bank's market capitalisation at 31 December 2022 amounted to 5.634 billion euro.
The improved performance of the share in the market contrasts with the negative performance of risky assets, affected by the war in Ukraine, the tightening of monetary policy and rising inflation. The IBEX 35 lost 5.6% and the Eurostoxx 50 fell 11.7%.
At the end of 2022, Bankinter, S.A.'s share capital was represented by 898,866,154 fully subscribed and paid shares with a par value of 0.30 euros each. All the shares are represented by book entries, admitted for listing on the Madrid and Barcelona Stock Exchanges and traded on the Spanish continuous market.
Bankinter had 55,088 shareholders at 31 December. Residents in Spain held 54% of the share capital and non-residents the remaining 46%. Registered shareholders with significant ownership interest are listed in the table below.
Key data for Bankinter shares in 2022 are detailed in the following tables:
Significant shareholders (with a declared participation greater than 3%, or 1% if they reside in a tax haven) | ||||
Name | Total number of shares | Percentage | Direct | Indirect |
Cartival, S.A. | 208,455,116 | 23.19 | 208,455,116 | 0 |
Fernando Masaveu Herrero | 47,727,576 | 5.31 | 776,330 | 46,951,246 |
Lazard Asset Management Inc. | 27,254,415 | 3.03 | 0 | 27,254,415 |
Fidelity International Limited | 18,233,852 | 2.03 | 0 | 18,233,852 |
Shareholder structure by number of shares at 31 December 2022 | ||||
Brackets | No. of shareholders | % | No. of shares | % |
From 1 to 100 shares | 14,782 | 26.83 | 250,649 | 0.03 |
From 101 to 1,000 shares | 18,426 | 33.45 | 9,183,812 | 1.02 |
From 1,001 to 10,000 shares | 18,422 | 33.44 | 60,972,014 | 6.78 |
From 10,001 to 100,000 shares | 3,165 | 5.75 | 74,122,002 | 8.25 |
More than 100,000 shares | 293 | 0.53 | 754,337,677 | 83.92 |
Total | 55,088 | 898,866,154 |
Summary by type of shareholder | ||||
Type | No. of shareholders | % | No. of shares | % |
Residents | 54,282 | 98.54 | 483,735,260 | 53.82 |
Non-residents | 806 | 1.46 | 415,130,894 | 46.18 |
Total | 55,088 | 898,866,154 |
(*) This percentage of Bankinter's share capital owned by Corporación Masaveu is part of the indirect voting rights held on the Bank's share capital by Bankinter director, Fernando Masaveu. Fernando Masaveu directly and indirectly holds 5.31% of the voting rights of Bankinter's share capital.
Data per share for the period, at 31 December 2022 (euro) | |
Earnings per share | 0.61 |
Dividend per share | 0.28 |
Book value per share | 5.46 |
Share price at beginning of period | 4.51 |
Minimum intraday share price | 4.01 |
Maximum intraday share price | 6.51 |
Last share price | 6.27 |
Performance over last 12 months (%) | 39.01 |
Performance over last 12 months (%) | 39.01 |
Share price Relative change (%) last 12 months (Dec–21 base 100) |
Stock market ratios at 31 December 2022 | |
Price/book value (times) | 1.15 |
PER (price/earnings, times) | 10.05 |
Dividend yield (%) | 4.48 |
Number of shareholders | 55,088 |
Number of shares | 898,866,154 |
Number of shares of non-residents | 415,130,894 |
Average daily trading volume (number of shares) | 3,523,508 |
Average daily trading volume (thousands of euros) | 19,328.08 |
Market capitalisation (in thousands of euro) | 5,634,093 |
Distribution of dividends | ||||||
---|---|---|---|---|---|---|
Payment date | Dividend per share (euros) | No. of shares | Treasury shares | Shares with voting rights | Amount (euros) | Corresponding year |
June-22 | 0.07412058 | 898,866,154 | 200,000 | 898,666,154 | 66,609,657 | 2022 |
Sept-22 | 0.06453401 | 898,866,154 | 200,000 | 898,666,154 | 57,994,531 | 2022 |
Dec-22 | 0.08371622 | 898,866,154 | 200,000 | 898,666,154 | 75,232,933 | 2022 |
Total | 0.22237081 | 199,837,121 |
Following the pandemic and the invasion of Ukraine, Bankinter returned to normality in its quarterly dividend distribution policy in 2022. The three interim dividends paid out against profit for 2022 amounted to 0.222 euro per share, distributing a total of 200 million euro.
These interim dividends will be supplemented by the final dividend to be approved by the annual general meeting in 2023 on the proposal of the board of directors at its previous meeting.
Details of the proposed dividends to be charged to profit and loss in 2022, excluding treasury shares held by the Bank, are shown in the table on dividend distribution.
Bankinter has a Level 1 ADR programme managed by Bank of New York Mellon, with 1,514,883 ADRs outstanding at the end of 2022. This allows US residents to invest in foreign companies through a US dollar-denominated product and to receive dividend payments in their own currency.
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