Van Lanschot Kempen (VLK) Q3 2024 TU earnings summary

Executive summary

• Third-quarter results matched the first half of 2024, reflecting consistent performance.

• Strong commercial momentum with continued growth in assets under management (AuM) and client assets.

• All four client segments contributed positively, supporting the scalable growth strategy.

Financial highlights

• Net inflow in AuM reached €7.1 billion in the first nine months of 2024.

• Client assets increased by 12% to €162.3 billion and AuM by 14% to €145.2 billion compared to end of 2023.

• Securities commission income rose, while interest income slightly declined.

Outlook and guidance

• Plan to return capital exceeding the 17.5% CET1 ratio target to shareholders by June 2025, pending regulatory approval.

• Dividend for 2024 and capital return amount to be announced with annual results.