Having overcome the Covid-19 crisis, the great Spanish banks have come out of the pandemic with renewed strength and have boosted their results, profitability and stock market price. However, it has not aroused the appetite of shareholders in the same way. At the end of the first quarter of the year, the five Ibex 35 banks totaled 5,714,768 investors, compared to the 5,791,683 it had at the end of March 2020, just at the beginning of the pandemic. Although it is a data that fluctuates, in comparison has lost almost 77,000 shareholders.
During the first year of the health and economic crisis due to the virus, the banking sector was especially penalized in the markets, since the billion-dollar provisions to deal with possible defaults brought results and profitability to a minimum. In addition, shareholders found little reason to invest during a period when the ECB prohibited the distribution of dividends and share buybacks to preserve capital.
However, in 2021, the year that has meant the return to the dividend, the great Spanish bank has distributed more than 7,300 million among shareholders. In addition, they have announced their plans to increase the pay-out in the coming years.
In that sense, Santander This year it will distribute 40% of the profit, although in the medium term it plans to raise it to 50%. In charge of 2021 distributed 3,400 million between cash dividend and share repurchase. The bank’s share in the last two years has rebounded 49%, according to data consulted on Bloomberg. Even so, the entity has lost 68,764 shareholders.
BBVA is in a similar situation. The bank chaired by Carlos Torres Vila announced a rain of 7,000 million for its shareholders between 2021 and 2022. In 2021 it already distributed a cash dividend that was the highest in the last decade and has carried out a share repurchase program for 3,500 million , the highest for a bank in Europe according to the entity. The share has appreciated 94% since March 2020, but it has 61,552 fewer shareholders than then, 7% less.
For its part, Sabadell has risen 72.5% on the Stock Exchange between March 2020 and March 2022. In charge of 2021, it distributed 168 million (31.8% of the profit) and announced the intention to raise the pay out as profitability increases. The bank has 12,367 fewer shareholders (-5.3%) than at the end of the first quarter of 2020.
Equally, Bankinter its share has shot up 129% between March 2020 and March 2022. The bank led by María Dolores Dancausa distributed 50% of the profit in 2021. Even so, it has 608 fewer shareholders than in the first quarter of 2020.
The only bank that has managed to win over shareholders since March 2020 is CaixaBank. In between, the entity absorbed Bankia, which meant an injection of investors. Adding the data from both entities, to make the data comparable, the Catalan bank has gained 66,000 new investors, 11.5% more. CaixaBank has shot up 90% on the stock market between March 2020 and March 2022 and has promised its shareholders 9,000 million in three years between a cash dividend and share buybacks.