BAWAG Group (BG) Q4 2025 TU earnings summary

Executive summary

• On track to exceed 2025 financial targets, with strong loan growth and stable deposit volumes.

• Positive trends in net interest income and core revenues, supported by robust consumer and SME activity.

Financial highlights

• Net interest income expected to surpass €1,800m in 2025, up from €1,312m in FY '24.

• Net profit target set above €800m for 2025, compared to €760m in FY '24.

• Core revenues projected to exceed €2,150m, up from €1,622m in FY '24.

• Earnings per share target above €10.0, compared to €9.60 in FY '24.

Outlook and guidance

• Net interest margin guidance at 325-330 bps, expected to remain stable in Q4'25.

• Operating expenses for Q4'25 expected to be below €200m.

• Risk costs for FY 2025 guided at ~40bps, with specific €8m exposure addressed in Q4'25.

• Regulatory charges estimated at ~€10m for Q4'25.