AIB Group (A5G) Q1 2026 TU earnings summary

Executive summary

• Delivered strong Q1 2026 performance with gross loans up 1.7% to €73.5bn and new lending up 11% to €3.6bn, 42% of which was green lending.

• Maintained momentum despite geopolitical uncertainty, supported by a resilient Irish economy and robust customer engagement.

• Strategic cycle on track, with confidence in delivering sustainable shareholder returns.

Financial highlights

• Net interest income (NII) was €0.92bn, down 3% year-over-year, with Q1 NIM at 2.65%.

• Other income rose 8% year-over-year, driven by gains on investment securities disposals.

• Operating costs increased 2% year-over-year; cost income ratio (CIR) at 44%.

• Small net credit impairment charge recorded; credit quality remains robust.

• Customer deposits stable at c. €117bn; CET1 ratio at 16.0% (excluding Q1 profit).

Outlook and guidance

• 2026 guidance reiterated: NII c. €3.8bn, other income > €750m, costs up c. 2%, cost of risk 20-30bps.

• Customer loans expected to grow by c. 5%, deposits by 2-3%, ROTE > 20%.

• Medium-term targets (2024-2026): ROTE 15%, CET1 ratio 14% with 250bps buffer, CIR < 50%.

• No material exceptional items expected for 2026.