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Three years ago, Thurgauer Kantonalbank shares were valued at CHF 111.00. An investment of CHF 100 would have yielded 0.901 shares, now worth CHF 124.32, reflecting a 24.32% increase, with the current share price at CHF 138.00. The bank's market value stands at CHF 552.23 million.
Thurgauer Kantonalbank (TKB) hosted eight well-attended events across Thurgau, focusing on retirement and pension-related topics. Nearly 500 attendees engaged with pension experts, discussing TKB's advisory services after informative presentations.
Home prices in Thurgau are rising faster than the Swiss average, driven by low interest rates and high immigration. The TKB owner-occupied home index indicates a 0.8% increase in home values over the past six months, with condominiums seeing a notable 1.5% rise. Despite economic uncertainties, demand for living space remains strong, particularly among newcomers, suggesting a continued upward trend in property prices.
Romanshorn is set to undergo a CHF 35 million construction project on the Hubzelg site, featuring 88 rental apartments, commercial, and office spaces. The development aims to create a vibrant urban gateway with a central town square, starting construction in 2027 and completing by 2029/30.
Thurgauer Kantonalbank (TKB) is increasing its 0.5% bond issued in November 2018 by CHF 100 million, raising the total to CHF 300 million. The bond, with a payment date of March 31, 2025, has a fixed term of 1.67 years and an issue price of 99.917%. Proceeds will finance the lending business and the bond is listed on the Swiss stock exchange.
The mortgage market is tightening as banks become more cautious in granting residential construction loans, influenced by the loss of Credit Suisse and new Basel III capital requirements. Experts note that capital scarcity is leading to higher margins for customers, while alternative mortgage providers are currently absent from the market. The situation is expected to persist, with many brokers having reduced operations or closed down entirely.
Thurgauer Kantonalbank (TKB) reported strong performance, with loans exceeding CHF 26.9 billion and the second-best earnings result in its history. The bank's capital ratio remains robust at 19.2%, above the minimum requirement, while total payments to the canton increased to CHF 67 million, including a profit transfer of CHF 52.8 million. The dividend was raised to CHF 3.40 per participation certificate, reflecting the bank's commitment to sustainable banking and community support.
Thurgauer Kantonalbank's dividend for the past financial year is proposed by the Board of Directors and typically approved at the Annual General Meeting. The dividend amount is influenced by the bank's business performance and share price, with payments usually made as cash dividends directly to shareholders' accounts one day after the meeting. In some cases, dividends may be issued as stock or in kind, such as shares in a subsidiary.
Thurgauer Kantonalbank has seen a 55% rise in share price over the past five years, outperforming the market's 45% gain, despite a lower earnings per share (EPS) growth of 3.2% annually. The total shareholder return (TSR) for the last five years stands at 77%, boosted by dividends, while the recent one-year TSR is 17%, indicating improved stock performance. With strong share price momentum, further investigation into the stock may be warranted.
Ten years ago, Thurgauer Kantonalbank shares were valued at CHF 79.60, and an investment of CHF 10,000 would have yielded 125,628 shares. As of February 13, 2025, the share price reached CHF 132.00, increasing the investment's value to CHF 16,582.91, a rise of 65.83%. The total market value of all Thurgauer Kantonalbank shares is CHF 527.89 million.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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