The Bankinter share price behaved atypically in 2023, with lower returns. Shareholders who held their shares throughout the year obtained a total return of -0.3%, including dividends paid out, which grew by more than 60% over the previous year. The share price moved by -7.5% over the last twelve months, while the average for listed Spanish banks was 15%. The bank's capitalisation at 31 December 2023 was slightly down, at 5,200 million euros. The IBEX 35 rose by 22.8% and the Eurostoxx 50 was up 17.3%.
At the end of 2023, 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 61,201 shareholders at 31 December. Residents in Spain held 57% of the share capital and non-residents the remaining 43%. Registered shareholders with significant ownership interests are listed in the accompanying table.
Key figures for Bankinter shares in 2023 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. |
208,474,176 |
23.19 |
208,474,176 |
0 |
Fernando Masaveu Herrero |
47,775,076 |
5.32 |
776,330 |
46,998,746 |
Lazard Asset Management Inc. |
27,254,415 |
3.03 |
0 |
27,254,415 |
Fidelity International Limited |
25,439,817 |
2.83 |
0 |
25,439,817 |
Shareholder structure by number of shares at 31 December 2023 | ||||
---|---|---|---|---|
Brackets |
No. of |
% |
No. of shares |
% |
From 1 to 100 shares |
14,304 |
23.37 |
274,429 |
0.03 |
From 101 to 1,000 shares |
21,287 |
34.78 |
10,755,934 |
1.20 |
From 1,001 to 10,000 shares |
21,675 |
35.42 |
72,490,801 |
8.06 |
From 10,001 to 100,000 shares |
3,627 |
5.93 |
85,750,723 |
9.54 |
More than 100,000 shares |
308 |
0.50 |
729,594,267 |
81.17 |
Total |
61,201 |
898,866,154 |
Summary by type of shareholder | ||||
---|---|---|---|---|
Type |
No. of |
% |
No. of shares |
% |
Residents |
60,265 |
98.47 |
511,458,273 |
56.90 |
Non-residents |
936 |
1.53 |
387,407,881 |
43.10 |
Total |
61,201 |
898,866,154 |
Data per share for the period, at 31 December 2023 (euros) | |
---|---|
Earnings per share |
0.91 |
Dividend per share |
0.45 |
Book value per share |
5.92 |
Share price at beginning of period |
6.39 |
Minimum intraday share price |
5.00 |
Maximum intraday share price |
6.93 |
Last share price |
5.80 |
Performance over last 12 months (%) |
-7.53 |
Following the pandemic and the invasion of Ukraine, Bankinter returned to normality in its quarterly dividend distribution policy in 2023. The three interim dividends paid out against profit for 2023 amounted to 0.362 euro per share, distributing a total of 326 million euros. This dividend distribution is a 63% increase on the 200 million euros paid in the three quarterly dividends in financial year 2022.
These interim dividends will be supplemented by the final dividend to be approved by the annual general meeting on the proposal of the board of directors.
Details of the distributed dividends charged to profit and loss for the period in 2023, 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 1,768,345 ADRs outstanding at the end of 2023. This allows US residents to invest in foreign companies through a US dollar-denominated product and to receive dividend payments in their own currency.
Stock market ratios at 31/12/2023 | |
Price/book value (times) |
0.98 |
PER (price/earnings, times) |
6.31 |
Dividend yield (%) |
7.79 |
Number of shareholders |
61,201 |
Number of shares |
898,866,154 |
Number of shares of non-residents |
387,407,881 |
Average daily trading volume (number of shares) |
3,044,355 |
Average daily trading volume (in thousands of euros) |
18,103.30 |
Market capitalisation (in thousands of euros) |
5,209,828 |
Distribution of dividends | ||||||
---|---|---|---|---|---|---|
Deposit date |
Dividend per share (euros) |
No. of shares |
Treasury shares |
Shares with voting rights |
Amount (euros) |
Corresponding year |
June-23 |
0.09199018 |
898,866,154 |
200,000 |
898,666,154 |
82,668,461 |
2023 |
Sept-23 |
0.12808265 |
898,866,154 |
200,000 |
898,666,154 |
115,103,542 |
2023 |
Dec-23 |
0.14220835 |
898,866,154 |
200,000 |
898,666,154 |
127,797,831 |
2023 |
Total |
0.36228118 |
325,569,834 |
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