Banco Comercial Português (BCP) Q4 2025 (Media) earnings summary

Executive summary

• Net income rose 12.4% year-over-year to EUR 1,018.6 million, with ROE at 14.1% and EPS up 14.3% to EUR 0.066.

• Portugal operations net income increased 10.6% to EUR 869.4 million; international operations up 33% to EUR 291.9 million, driven by strong growth in Poland.

• Over 7.3 million active customers, with mobile customers up 9% and representing 74% of the base.

Financial highlights

• Total assets grew 7.0% to EUR 109.3 billion; equity up 10.6% to EUR 9.1 billion.

• Loans to customers increased 7.3% to EUR 62.6 billion; customer funds up 8.6% to EUR 111.8 billion.

• Net interest income rose 2.4% to EUR 2,898.1 million; net commissions up 4.3% to EUR 847.4 million.

• Operating costs increased 8.3% to EUR 1,415.1 million; cost-to-income ratio at 36.5%.

• Cost of risk at 32 bps; NPE ratio improved to 2.4% from 3.1%.

Outlook and guidance

• Capital ratios remain strong: CET1 fully implemented at 15.9%, total capital ratio at 19.9%.

• Liquidity indicators well above regulatory requirements: LCR at 334%, NSFR at 180%.

• Strategic focus on supporting economic growth, digital transformation, and prudent risk management.