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Luzerner Kantonalbank reports record profit amid strong customer demand and growth

Luzerner Kantonalbank (LUKB) reported a record net profit of CHF 286.6 million for 2024, an 8% increase, driven by growth in customer business and net interest income rising by 5.1% to CHF 444 million. Operating expenses also rose by 8.4%, while the bank aims for a consolidated profit of CHF 265-285 million in 2025. The canton of Lucerne will receive a profit distribution of CHF 79.3 million.
finews.ch
Swiss Franc Luzerner Kantonalbank AG CHE Marcel Hurschler Daniel Salzmann
Business & Industry, Market Report
08:52 03.02.2025

Lucerne bank reports record profit while Zug bank sees decline

Luzerner Kantonalbank reported a record profit of CHF 286.6 million for 2024, an increase of 8% driven by growth in customer business and effective interest rate management. In contrast, Zuger Kantonalbank saw a slight rise in income to CHF 142.1 million but a 2% drop in profit to CHF 122.4 million due to reduced extraordinary income and rising refinancing costs.
zentralplus
Swiss Franc Luzerner Kantonalbank AG Zuger Kantonalbank CHE Daniel Salzmann
Business & Industry, Press Release
08:47 03.02.2025

Luzerner Kantonalbank reports record profit and increases shareholder dividend

Luzerner Kantonalbank (LUKB) reported a record profit of CHF 286.6 million for 2024, an 8% increase from the previous year, leading to a proposed dividend of CHF 2.60 per share. The bank's operating income rose by 5.8% to CHF 650.5 million, driven by a 5.1% increase in net interest income, despite rising expenses. For 2025, LUKB aims for a profit between CHF 265 million and CHF 285 million, contingent on stable conditions.
Nau
Swiss Franc Luzerner Kantonalbank AG CHE Daniel Salzmann
Finance & Economy, Market Report
08:22 03.02.2025

Luzerner Kantonalbank reports record profit and increases dividend for shareholders

Luzerner Kantonalbank (LUKB) reported a record profit of CHF 286.6 million for 2024, an 8% increase, and announced a higher dividend of CHF 2.60 per share. Despite four interest rate cuts, net income from key interest business rose by 5.1% to CHF 444 million, while customer assets grew to CHF 39.5 billion. For 2025, LUKB anticipates a profit between CHF 265 million and CHF 285 million.
finanzen.ch
Swiss Franc Luzerner Kantonalbank AG CHE Daniel Salzmann
Business & Industry, Market Report
08:16 03.02.2025

Luzerner Kantonalbank reports record profit and increases dividend payout

Luzerner Kantonalbank (LUKB) reported a record profit of CHF 286.6 million for 2024, marking an 8% increase from the previous year. The Board of Directors proposed a higher dividend of CHF 2.60 per share, up from CHF 2.50, despite challenges from interest rate cuts. For 2025, the bank anticipates a profit between CHF 265 million and CHF 285 million.
Moneycab
Swiss Franc Luzerner Kantonalbank AG CHE Daniel Salzmann
Finance & Economy, Market Report
07:54 03.02.2025

Luzerner Kantonalbank reports record profit and increases shareholder dividend

Luzerner Kantonalbank (LUKB) reported a record profit of CHF 286.6 million for the past financial year, leading to a proposed dividend increase to CHF 2.60 per share. Despite four interest rate cuts, net income from key interest business rose by 5.1%, while overall operating income grew by 5.8%. For 2025, LUKB anticipates a profit between CHF 265 million and CHF 285 million.
Finanz und Wirtschaft
Swiss Franc Luzerner Kantonalbank AG CHE Daniel Salzmann
Business & Industry, Market Report
07:15 03.02.2025

Luzerner Kantonalbank reports record profit and increases dividend for shareholders

Luzerner Kantonalbank (LUKB) reported a record profit of CHF 286.6 million for 2024, an 8.0% increase from the previous year, leading to a proposed dividend of CHF 2.60 per share. Despite four interest rate cuts, net income from key interest business rose by 5.1% to CHF 444.0 million, while operating income increased by 5.8% to CHF 650.5 million. For 2025, the bank anticipates a profit between CHF 265 million and CHF 285 million, contingent on no unforeseen events.
cash.ch
Swiss Franc Luzerner Kantonalbank AG CHE Daniel Salzmann
Finance & Economy, Market Report
07:06 03.02.2025

Luzerner Kantonalbank reports record profit and sets ambitious growth targets

Luzerner Kantonalbank (LUKB) reported a 9.1% increase in consolidated profit to CHF 216 million in the first nine months of 2024, driven by strong interest and commission income. The bank anticipates a record profit for the year, targeting CHF 270 to 285 million, while setting growth goals for 2025 to adapt to a lower interest rate environment. LUKB aims to enhance its non-interest income and grow its mandated investment business significantly.
Finanz und Wirtschaft
Swiss Franc Luzerner Kantonalbank AG CHE Daniel Salzmann
TradFi, Market Report
09:39 25.10.2024

Lukb reports profit growth and sets ambitious targets for 2025

LUKB reported a net income of 216 million francs for the first nine months of 2024, a 9.1% increase year-on-year, bolstered by the sale of its real estate division. Customer loans rose to 42.98 billion francs, driven by high demand for corporate loans, while operating profit increased by 5% to 237.1 million francs. Looking ahead, the bank aims for significant growth in net new money and non-interest income by 2025, despite anticipated lower interest income.
finews.com
Swiss Franc Lucerne Cantonal Bank Fundamenta Group AG CHE Daniel Salzmann
TradFi, Market Report
09:39 25.10.2024

Luzerner Kantonalbank reports profit increase and sets ambitious growth targets

Luzerner Kantonalbank (LUKB) reported a 9.1% increase in consolidated profit to CHF 216 million for the first nine months of the year, aided by extraordinary income from real estate sales. The bank aims for growth targets by 2025, including over CHF 1 billion in new investment business and non-interest income of at least CHF 215 million, while maintaining a low cost/income ratio of 46.1%. Despite rising costs and a slight decline in trading results, LUKB remains optimistic about its lending growth and overall performance.
finanzen.ch
Swiss Franc Luzerner Kantonalbank AG CHE Daniel Salzmann
TradFi, Market Report
09:22 25.10.2024
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