BAWAG Group (BG) Q3 2026 earnings summary

Executive summary

• Q3 net profit was €247.5m, up 13% YoY; EPS was €3.18 and RoTCE 26.9%.

• Core revenues were €599.1m, up 8% YoY; pre-provision profit was €424.5m, up 20% YoY.

• Operating income reached €605.0m, up 9% YoY; expenses fell 10% to €180.5m and the cost-income ratio improved to 29.8%.

• 9M net profit was €734.8m, up 17% YoY, with RoTCE of 28.0%.

• Synergy gains and efficiency improvements continued ahead of expectations.

Financial highlights

• Net interest income was €497.2m, up 8% YoY and 2% QoQ; net commission income was €101.9m, up 8% YoY and stable QoQ.

• Profit before tax was €335.2m; income taxes were €87.7m and net profit was €247.5m, down 3% QoQ.

• 9M core revenues were €1,767.7m, up 8%; pre-provision profit was €1,228.1m, up 19%.

• Q3 risk costs were €78.8m, with a 0.56% risk cost ratio.

Outlook and guidance

• 2026 targets reaffirmed: net profit >€960m, RoTCE >20% and cost-income ratio <33%, excluding potential PTSB impacts.

• 2026 outlook includes net interest income and core revenue growth >6%, operating expenses declining >5%, risk costs of ~50 bps and €48m in regulatory charges.

• Gradual NII growth and stable fee performance expected to continue in Q4; operating expenses expected to be stable without one-offs or seasonal effects.

• Midterm targets planned for update with year-end results.