Bank of Ireland Group (BIRG) Q3 2026 earnings summary

Executive summary

• Momentum across lending, deposits and wealth supports upgraded FY26 guidance and confidence in medium-term earnings growth; performance remains on track for 2026 and 2028 targets.

• Customer volumes increased by more than €13bn year-to-date; asset quality remained resilient, with an NPE ratio of 2.0%.

Financial highlights

• 9M total income rose 6% YoY; NII rose 4%, fee income 6% and operating costs 2%.

• Customer loans increased €3.6bn year-to-date to €86.1bn, with ~5% growth excluding FX; deposits rose €2.8bn to €110.3bn, with ~3% growth.

• Wealth and Insurance AUM reached €67bn, up 16%, with €2.8bn net inflows; sustainable finance lending reached €20.7bn, up 17%.

• Year-to-date capital generation was 210 bps; the NPE ratio was 2.0%, improved from 2.2% at December 2025.

Outlook and guidance

• FY26 NII guidance was upgraded for the second time to >€3.5bn, expected to be €20m–€30m above that threshold; loan book growth guidance increased to 5%.

• FY26 fee income is expected to rise ~4%; total costs are guided at ~€2.2bn, up ~2%, with the cost-income ratio flat versus 2025.

• FY26 statutory ROTE is guided above 14%, EPS growth above 35% and capital generation above 270 bps; impairment charge is expected in the mid-to-high teens bps, subject to economic conditions.

• 2028 targets include ROTE above 16%, NII of ~€3.95bn or higher and a cost-income ratio in the mid-40s, incorporating a €250m cost-efficiency target.

• NII is expected to reach ~€3.75bn in 2027 and >€3.95bn in 2028 on a 2.5% ECB rate assumption; current rates offer further upside.