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Commerzbank (CBK) investor relations material

Commerzbank Q2 2026 (Media) earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 (Media) earnings summary6 Aug, 2026

Executive summary

  • Achieved record operating profit of €2,725m for H1 2026, up €330m year-over-year, driven by strong customer business and successful execution of the "Momentum 2030" strategy.

  • Net commission income rose 8.1% to €2,178m, while net interest income remained stable at €4,106m.

  • Consolidated profit attributable to shareholders increased 39.6% to €1,810m; EPS rose to €1.47 from €0.92.

  • Cost/income ratio improved to 50.1% (excl. compulsory contributions), reflecting active cost management.

Financial highlights

  • Operating profit: €2,725m (+13.8% YoY); consolidated profit: €1,810m (+39.6% YoY).

  • Net commission income: €2,178m (+8.1% YoY); net interest income: €4,106m (flat YoY).

  • Operating expenses: €3,267m (+1.0% YoY); compulsory contributions: €182m (+12.4% YoY).

  • Total assets: €619.1bn (+4.9% vs. year-end 2025); risk-weighted assets: €182.4bn (+3.8%).

  • CET1 ratio: 14.4% (down from 14.7% at year-end 2025); leverage ratio: 4.3%.

Outlook and guidance

  • Net interest income for 2026 expected at ~€8.6bn; net commission income to grow ~7% YoY.

  • Risk result forecast at ~€-850m; cost/income ratio target for 2026 is ~53%.

  • CET1 ratio expected to remain above 14%; aim to return 100% of net income (after AT1 payments, before one-offs) to shareholders.

  • Consolidated net profit for 2026 expected at least €3.4bn.

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