Bankinter (BKT) investor relations material

Executive summary

• Net profit reached €291 million in Q1 2026, up 8% year-over-year, with customer volumes up 6.5% and broad-based growth across all business lines and geographies.

• Pre-tax profit was €410 million, up 8.2% from Q1 2025, reflecting strong operational performance.

• Maintained strong balance sheet quality, best-in-class efficiency, and robust risk metrics, with ROE at 18.8% and ROTE at 20%.

• Strategic focus on diversified income streams, digital transformation, and expansion in alternative investments and key geographies.

• CET1 capital ratio at 12.96%, well above ECB minimum requirement of 8.47%.

Financial highlights

• Net interest income grew 5.5% year-over-year to €571 million; net fees up 8.1% to €203 million.

• Gross operating income increased 6.5% year-over-year to €779 million; cost-to-income ratio improved to 35.4%.

• Total assets grew 10.4% year-over-year to €136.7 billion; customer funds under management up 7.3%.

• Pre-provision profit up 8.7% to €503 million; operating expenses increased 3% year-over-year.

• Dividends up 25% year-over-year.

Outlook and guidance

• Guidance for 2026 remains unchanged, expecting stable volume growth, sustained profitability, and high returns.

• Lending volumes projected to grow at mid-single digits, with deposit management focused on liquidity and resilience.

• NII expected to grow quarter-on-quarter, driven by volume; fee income targeted for high single-digit growth.

• Strategic use of AI and digitalization to drive efficiency and customer value.

• Ongoing expansion in alternative investments and international markets.