CaixaBank (CABK) Q1 2026 (Media) earnings summary

Executive summary

• Net income reached €1.57 billion in Q1 2026, up 7% year-over-year, driven by robust commercial activity and business growth.

• Customer base expanded to 20.8 million across Spain and Portugal, with 372,000 net new customers added in the past year.

• Business volumes rose 6.6% year-over-year to €1.1 trillion, reflecting strong lending and deposit growth.

• The Board approved a new €500 million share buyback programme.

Financial highlights

• Net interest income was €2.66 billion, up 0.6% year-over-year; gross income increased 2.9% to €4.13 billion.

• Revenue from services grew 7.5% to €1.37 billion, with wealth management and insurance income up 9.5% and 13.5%, respectively.

• Pre-impairment income rose 1.8% to €2.48 billion; profit attributable to the group increased 7% to €1.57 billion.

• Administrative expenses and amortisation increased 4.6% year-over-year.

• EPS for the last 12 months was €0.85, up from €0.83.

Outlook and guidance

• Strategic Plan 2025-2027 focuses on accelerating growth, business transformation, and sustainability.

• Management expresses confidence in supporting the resilient Spanish economy despite geopolitical uncertainties.