Bankinter (BKT) Q3 2025 earnings summary

Executive summary

• Net profit for the first nine months of 2025 reached €812 million, up 11% year-over-year, driven by robust commercial activity, sustainable growth, and disciplined execution across all geographies.

• Customer volumes rose 9% to €234 billion, with lending and retail deposits each up 5% and AUMs up 20% compared to September 2024.

• Maintained strong asset quality and efficiency, with a cost-to-income ratio at 36% and NPL ratio at 2.05%.

• All business lines and regions contributed to growth, with Spain, Portugal, and Ireland showing notable volume increases.

• Pre-tax profit reached €1.14 billion, up 5.6% year-over-year.

Financial highlights

• Net interest income declined 3.5% year-over-year to €1.67 billion, while fee income grew 10.6% to €577 million.

• Gross operating income increased 4.7% to €2.25 billion; pre-provision profit up 2.1% to €1.44 billion.

• Operating expenses rose 9.4% to €815 million; cost of risk improved to 0.33%.

• Customer loan book grew 5.3% to €82.5 billion; customer funds rose 11% to €151.1 billion.

• Off-balance-sheet managed funds surged 19.9% to €65.8 billion.

Outlook and guidance

• Loan and deposit volumes expected to grow at mid-single-digit rates, with assets under management following similar trends.

• Customer margin targeted to remain around 270 basis points in 2025 and 2026.

• NII expected to continue growing quarter-on-quarter, with some pressure on asset yields moderating in 2026.

• Fee growth guidance raised to double-digit for the year, with cost growth to remain mid-single digit.

• Continued focus on high-value customers, digital transformation, and geographical diversification expected to support further profitable growth.