Artea bankas (ROE1L) investor relations material

Executive summary

• 9M net profit was €27.9m, down 42% YoY, as impairment and restructuring costs offset growth in lending, deposits and net interest income.

• Q3 reported net profit was €4.7m versus adjusted net profit of €11.0m; adjusted RoE was 7.4%.

• Loans exceeded €4.0bn and deposits reached €4.35bn at 30 September 2026.

Financial highlights

• Q3 revenue was €48.3m, flat QoQ; 9M revenue was €142.3m, down 1% YoY.

• 9M net interest income rose 9% YoY to €113.7m and net fee and commission income rose 4% to €23.6m.

• Q3 operating expenses rose 24% QoQ to €34.3m, including €2.2m of non-recurring charges; 9M expenses increased 9% YoY to €87.7m.

• 9M impairment charges on loans and other assets totaled €18.4m versus €3.2m; loan impairment excluding other assets and Pillar II charges was €6.3m versus €4.0m.

Outlook and guidance

• FY2026 loan-book growth guidance increased to 12% from 11%; deposit growth guidance rose to 11% from 5%.

• FY2026 adjusted net profit guidance was cut to €51–54m from €73m; net profit guidance fell to €30–33m from €61m.

• FY2026 adjusted cost-to-income guidance is 52.1% versus 53.2%; adjusted RoE guidance is 8.6% versus 12.0%.

• Additional Q4 impairments of ~€10m are expected as credit-risk assumptions incorporate a wider range of outcomes.

• Priorities shifted toward prudent provisioning, risk management and building capabilities in-house; a core banking system change is underway.