The bank operates through three main segments: Retail Banking (offering tailored account packages, savings products, payment solutions, mortgages with focus on real estate financing), Private Banking (wealth management and investment advisory), and Corporate Banking (financing solutions, investment services). Trading at a P/E of 26.1x, the bank commands a premium valuation materially above peer group average of 15.7x and European Banks industry average of 11.1x.
Cyborg Score Rationale
FY 2025 net income was CHF 85.87 million vs CHF 90.47 million in 2024, indicating earnings pressure. The bank shows a 31.6% net profit margin with 2.4% non-performing loan ratio and 42% coverage level for bad loans. While fundamentals remain stable with solid dividend yield, recent earnings weakness and valuation premium warrant caution.
Top Insights
FY 2025 earnings declined to CHF 85.87m from CHF 90.47m YoY
Premium 25.8x P/E valuation with margin pressure creates valuation and risk tension
Trailing dividend yield of 2.83% provides income appeal despite growth challenges
Net profit margin of 31.6% demonstrates strong profitability despite recent compression
Named Competitors
Cantonal Banking Network — Regional universal banks across Swiss cantons