The Bankinter share
The stock price rose by 32%
The Bankinter share performed very well in 2024, recovering from an atypical year (2023). Shareholders who held their shares throughout the entire year achieved a total return of +39%, including the ordinary dividends distributed for 2024, which grew by 12% compared to the previous year. The share price has risen by +31.8% over the last twelve months, while the average of Spanish listed banks stood at 23.5% (banks listed in IBEX35). The IBEX 35 rose by 13.9% and the Eurostoxx 50 by 24.3%. The Bank's market capitalisation at 31 December 2024 stood at 6.9 billion euros.
At the end of 2024, 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.
Shareholders
Bankinter had 56,547 shareholders at 31 December. Residents in Spain held 54% of the share capital and non-residents the remaining 46%. The registered shareholders with a significant interest are detailed in the attached table. The most significant data on Bankinter's shares in 2024 are described in the following tables:
| Significant shareholders (with a declared stake greater than 3% or 1% if they are resident in a tax haven) | ||||
| Name | Total Shares | Percentage of ownership | Direct | Indirect |
| Cartival, S.A. | 208,501,054 | 23.20 | 208,501,054 | 0 |
| Fernando Masaveu Herrero | 47,776,017 | 5.32 | 776,330 | 46,999,687 |
| Blackrock Inc. | 38,961,170 | 4.33 | 0 | 38,961,170 |
| FMR LLC | 30,279,562 | 3.37 | 0 | 30,279,562 |
| 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 31/12/2024 | ||||
| Brackets | Number of shareholders | % | No. of shares | % |
| From 1 to 100 shares | 14,058 | 24.86 | 275,718 | 0.03 |
| From 101 to 1,000 shares | 19,699 | 34.84 | 9,699,557 | 1.08 |
| From 1,001 to 10,000 shares | 19,321 | 34.17 | 64,016,946 | 7.12 |
| From 10,001 to 100,000 shares | 3,190 | 5.64 | 75,208,787 | 8.37 |
| More than 100,000 shares | 279 | 0.49 | 749,665,146 | 83.40 |
| Total | 56,547 | 898,866,154 | ||
| Summary by type of shareholders | ||||
| Type | Number of shareholders | % | No. of shares | % |
| Residents | 55,538 | 98.22 | 482,314,369 | 53.66 |
| Non-residents | 1,009 | 1.78 | 416,551,785 | 46.34 |
| Total | 56,547 | 898,866,154 | ||
| Data per share for the period, at 31/12/2024 (euros) | |
| Earnings per share since 1 January | 1.03 |
| Dividend per share from 1 January | 0.51 |
| Book value per share | 6.54 |
| Tangible value per share | 6.18 |
| Share price at beginning of period | 5.97 |
| Minimum share price since 1 January | 5.49 |
| Maximum share price since 1 January | 8.30 |
| Last share price since 1 January | 7.64 |
| Performance since 1 January (%) | 28.02 |
| Performance over last 12 months (%) | 31.82 |
| Stock market ratios at 31/12/2024 | |
| Price/book value (times) | 1.17 |
| PER (price/earnings, times) | 7.20 |
| Dividend yield (12 months) (%) | 6.73 |
| Number of shareholders | 56,547 |
| Number of shares | 898,866,154 |
| Number of shares of non-residents | 416,551,785 |
| Average daily trading volume since 1 January (number of shares) | 3,076,346 |
| Average daily trading volume since 1 January (thousands of euros) | 21,737 |
| Market capitalisation (thousands of euros) | 6,867,337 |
Stock quote. Relative change (%) last 12 months (Dec–23 base 100)
New dividend distribution calendar
In a report published on June 19, Bankinter announced the decision of the Board of Directors to change the traditional dividend distribution schedule, which was as follows with respect to the results corresponding to 2024:
| Dividend distribution calendar | ||
| Payment month | Profit for the period | |
| First Interim Dividend | June | 1st quarter |
| Second Interim Dividend | December | 2nd and 3rd quarters |
| Final dividend (subject to final approval by the General Shareholders Meeting) | April | 4th quarter |
| Distribution of dividends | ||||||
| Deposit date | Dividend per share (euros) | No. of shares | Treasury shares | Shares with voting rights | Amount (euros) | Corresponding year |
| Jun-24 | 0.11172225 | 898,866,154 | 200,000 | 898,666,154 | 100,401,005 | 2024 |
| Dec-24 | 0.29501838 | 898,866,154 | 200,000 | 898,666,154 | 265,123,033 | 2024 |
| Total | 0.40674063 | 365,524,038 | ||||
The two interim dividends stood at to 0.407 euros per share, for a total amount of 366 million. This figure compares with the three quarterly dividends paid in 2023 amounting to 326 million euros and represents an increase of 12%.
The two Interim dividends will be supplemented by the final dividend approved at the Annual General Meeting scheduled for 27 March 2025, at the proposal of the Board of Directors.
Detail of the dividends distributed and distributable charge to profit for 2024, excluding treasury shares held by the Bank, is included in the table.
American Depositary Receipts (ADR)
Bankinter has a Level 1 ADR programme managed by Bank of New York-Mellon, with 7,031,731 ADRs outstanding at the end of 2024. This allows US residents to invest in foreign companies through a US dollar denominated product and to receive dividend payments in their own currency.