Bankinter (BKT) Q4 2025 earnings summary

Executive summary

• Achieved record net profit of €1,090 million in 2025, up 14.4% year-over-year, surpassing €1 billion for the first time, driven by diversified growth, strong asset quality, and higher value-added products.

• Customer volumes grew 9% to €241 billion, with lending up 5%, customer funds up 6%, and AUMs up 19% compared to 2024.

• Maintained excellence in digital transformation, AI initiatives, and disciplined margin management, with digital client acquisition and account growth accelerating.

• Integration of EVO Banco and Avant Money (now Bankinter Ireland) completed, supporting future growth.

• Total assets reached €131 billion, up 7.4% from 2024.

Financial highlights

• Net interest income declined 1.8% year-over-year to €2,237 million, while net fees and commissions rose 10.9% to €795 million.

• Gross operating income grew 5% to €3,047 million, exceeding €3 billion for the first time; pre-provision profit up 5.4% to €1,947 million.

• Cost of risk improved to 0.33%, with loan loss provisions below 2023 levels and NPL ratio at 1.94% with a coverage ratio of 68%.

• CET1 capital ratio at 12.72%, well above regulatory requirements; total capital ratio at 17.3%, MREL at 25.7%.

• Cost-to-income (efficiency) ratio improved to 36.1%, with ROTE at 20% and ROE at 18.9%.

Outlook and guidance

• Entering 2026 with the goal of achieving new records in volumes, income, profitability, and efficiency, targeting customer margin recovery to 270 bps and cost-to-income below 35%.

• Fee income expected to grow at high single digits, with ROTE to remain above 20% and stable or improving cost of risk.

• Continued investment in AI and digitalization to drive efficiency and customer experience.