Axis weighs EUR 3.20 bid as Bawag stock sits 9.51 percent below its 52-week high

Published on 10/08/2026 at 11:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached EUR 255.00 million. Bawag stock costs EUR 167.05 on October 8, 2026 versus EUR 170.45, minus 1.99 percent.

Bawag, AT0000BAWAG2, Illustration mit AI erstellt.

Bawag stock (ISIN AT0000BAWAG2) was trading at EUR 167.05 at Lang & Schwarz on October 8, 2026 at 11:19 a.m. CEST, 9.51 percent below its 52-week high of EUR 184.60. Axis Capital is weighing a EUR 3.20 per-share bid for Permanent TSB, according to The Irish Times on October 7, 2026.

PTSB bid faces a court hurdle

The potential offer compares with Bawag's agreed EUR 2.97 per-share bid, which values Permanent TSB at EUR 1.62 billion. The Irish Times reported that the proposed EUR 3.20 bid would need to clear funding and legal hurdles before it could become a firm offer.

The Irish High Court is scheduled to consider the Bawag transaction on October 27, 2026. The Irish Times also reported that 91.28 percent of votes supported the sale in July, while the court process remains a key timing factor for the acquisition.

Profit growth sets a benchmark

Simply Wall St lists second-quarter 2026 revenue at EUR 522.00 million, up 7.90 percent year over year, and net income at EUR 255.00 million, up 37.00 percent. The same report puts the second-quarter profit margin at 49.00 percent, compared with 39.00 percent a year earlier.

That earnings profile gives the PTSB transaction a measurable backdrop: Bawag entered the takeover process with quarterly net income rising faster than revenue. Simply Wall St lists October 19, 2026 as the next earnings date, making the third-quarter update the next scheduled test of that performance.

Stock stays below the yearly high

The Lang & Schwarz quote was EUR 167.05 at 11:19 a.m. CEST on October 8, 2026, down 1.99 percent from the prior close of EUR 170.45 on October 7, 2026. The 52-week range of EUR 103.80 to EUR 184.60 places the share 9.51 percent below its high, while the market capitalization stood at EUR 12.9 billion on October 8, 2026.

The further course of trading is shown by the continuously updated real-time quote of Bawag stock.