Walliser Kantonalbank (WKBN) H2 2024 earnings summary

Executive summary

• Achieved excellent 2024 results, maintaining performance near last year's record.

• Total revenues reached CHF 294.8 million, with net profit at CHF 90.5 million.

• Board proposes a dividend increase to CHF 4 per share.

Financial highlights

• Operating income at CHF 154.1 million, down 1.6% year-over-year.

• Net profit rose slightly to CHF 90.5 million (+0.1% year-over-year).

• Total assets grew 3.7% to CHF 20.9 billion.

• Customer advances increased 4.5% to CHF 15.5 billion; mortgage loans up 4.9%.

• Client funds exceeded CHF 12 billion, up 3.7%.

Outlook and guidance

• Anticipates continued high results in 2025 despite expected pressure from limited monetary policy flexibility and market uncertainties.

• Swiss economic growth forecast at 1.4% for 2025; inflation normalization expected.