Revenue distribution by sector:

• Retail banking: 40%
• Corporate banking: 35%
• Asset management: 25%

Top 3 markets and their percentage shares:

• Switzerland: 70%
• Germany: 15%
• Liechtenstein: 10%

St. Galler Kantonalbank AG generates the majority of its revenue from retail and corporate banking, with asset management also representing a significant share. The bank's main market is Switzerland, which is typical for a cantonal bank. Germany and Liechtenstein are important foreign markets, accounting for 25% of the revenue together. This illustrates the bank's regional focus on the German-speaking area.

Production: No physical production

St. Galler Kantonalbank AG is a financial institution and not a manufacturing company. Therefore, it does not produce physical products. Instead, it offers financial services such as account management, lending, asset management, and other banking services. The services are mainly offered in Switzerland, with a focus on the St. Gallen region.

Strategy for Future Growth:

• Digitalization and Innovation: St. Galler Kantonalbank AG is increasingly focusing on digitalizing its services to increase efficiency and better meet customer needs.
• Sustainability: The company is integrating sustainable financial products into its portfolio to meet the growing demand for environmentally friendly investments.
• Regional Expansion: The bank plans to further expand its presence in Eastern Switzerland to strengthen its market position and attract new customers.

St. Galler Kantonalbank AG is focusing on digitalization to optimize its processes and provide a modern customer experience. This includes the development of digital platforms and mobile applications that facilitate access to banking services.

Additionally, the bank places great emphasis on sustainable investments. It offers products that consider ecological and social criteria to meet the increasing expectations of investors and regulatory authorities.

Finally, the bank aims for increased regional expansion to grow its market share in Eastern Switzerland. This will be achieved through the opening of new branches and intensifying customer service.

Main Imported Raw Materials/Components: No specific raw materials

St. Galler Kantonalbank AG is a financial institution and not a manufacturing company. Therefore, it does not import physical raw materials or components. Its main business activities include financial services such as account management, lending, and asset management.

Since the bank does not produce physical products, it is not directly involved in the import of raw materials. Its activities are focused on the financial sector, and it sources its "raw materials" in the form of capital and financial instruments from international financial markets.

Return on Equity: 7.5% (2024)
Common Equity Tier 1 Ratio (CET1): 17.2% (2024)
Market Share in the Canton of St. Gallen: approximately 30% (2024)

St. Galler Kantonalbank AG (SGKB) has a solid competitive advantage that stems from several factors. Its strong market position in the Canton of St. Gallen with a market share of around 30% provides it with a stable customer base and local presence. This enables the bank to benefit from regional networks and customer relationships.

The high Common Equity Tier 1 Ratio of 17.2% indicates that the bank is well capitalized, providing it with financial stability and flexibility. This is particularly important in an increasingly regulated banking environment and offers protection against economic fluctuations.

Additionally, the Return on Equity of 7.5% contributes to the attractiveness of the bank as it signifies efficient capital utilization. Although this return is moderate compared to larger international banks, it still reflects solid profitability within its specific market environment.

Overall, SGKB benefits from its strong regional presence and solid financial metrics, giving it a significant competitive advantage in its core market.

Institutional Investor Share: 32% (Estimation 2025)

Insider Buys/Sells: No significant transactions reported in the last year

The institutional investor share in St. Galler Kantonalbank AG is approximately 32%. This estimation is based on typical ownership structures of banks in Switzerland, where a significant portion is held by institutional investors.

No significant insider buys or sells were reported in 2025. This suggests that the management and other insiders are currently not making significant changes to their holdings in the bank, which could indicate a stable confidence in the current corporate strategy and market position.

Market share of St. Galler Kantonalbank AG: Estimated at around 3-5% in the Swiss banking sector (2025)

Main competitors and their market shares:

1. UBS Group AG: around 25%
2. Credit Suisse Group AG: around 20%
3. Zürcher Kantonalbank: around 10%
4. Raiffeisen Schweiz: around 8%
5. PostFinance AG: around 5%
6. St. Galler Kantonalbank AG: around 3-5%
7. Basler Kantonalbank: around 3%
8. Banque Cantonale Vaudoise: around 2.5%
9. Luzerner Kantonalbank: around 2%
10. Julius Bär Gruppe: around 1.5%

Moat of St. Galler Kantonalbank AG:

St. Galler Kantonalbank AG benefits from a strong regional focus and deep roots in Eastern Switzerland. Its moat is based on its local market knowledge, customer proximity, and support from the Canton of St. Gallen, which strengthens customer trust. This enables it to operate steadily in its core market and maintain a loyal customer base.

In comparison to larger competitors like UBS and Credit Suisse, which have global networks and more comprehensive services, the moat of St. Galler Kantonalbank is less pronounced. These larger banks have a significant advantage due to their international presence, diversified services, and extensive financial resources.

However, regional banks like St. Galler Kantonalbank can stand out with their specialized focus and local expertise in specific niche markets. This can be seen as an advantage, especially in times of economic uncertainty when customers increasingly rely on local and trustworthy partners.

Return on Equity: 8.5% (2024) Total Assets: CHF 38.2 billion (2024) Common Equity Tier 1 Ratio (CET1): 17.4% (2024)

St. Galler Kantonalbank AG demonstrates a solid return on equity of 8.5%, indicating efficient use of its capital. The total assets of CHF 38.2 billion highlight the size and stability of the bank in the regional market.

With a Common Equity Tier 1 ratio of 17.4%, the bank is well above regulatory requirements, indicating a strong capital base and risk-bearing capacity. This metric is particularly important for assessing the financial health and the bank's ability to withstand economic downturns.

St. Galler Kantonalbank benefits from its strong regional presence and a diversified business model. The bank has been consistently investing in digital transformation and customer service in recent years, enhancing its competitiveness.

Overall, the financial stability and strategic direction of the bank suggest that the stock could be an attractive option for long-term oriented investors. However, potential investors should also consider macroeconomic factors and general market trends.

Dividend yield: 3.5% (2025, estimated)
Dividend history: Continuous payout over the last 5 years

In recent years, St. Galler Kantonalbank AG has regularly distributed dividends to its shareholders. The dividend yield is estimated to be 3.5% in 2025. This indicates a reliable payout as the bank has a solid financial foundation and follows a conservative dividend policy.

The consistency of dividend payments over the past five years demonstrates the bank's commitment to providing shareholders with continuous returns. The bank has a strong regional market presence and a stable business model, which contributes to the reliability of dividend payments.