Commerzbank (CBK) Q3 2026 (Media) earnings summary

Executive summary

• 9M operating result rose 17% YoY to a record €4.0bn; net result increased 41% to €2.7bn.

• Revenue grew 8% to €9.7bn, with stronger commissions and slightly higher net interest income.

• Net RoTE reached 12.4% for 9M; full-year net result and net RoTE targets were confirmed.

Financial highlights

• Q3 revenue increased 9% YoY to €3.2bn; 9M revenue rose 7.6% to €9.7bn.

• 9M net commission income rose 8.3% to €3.25bn; net interest income edged up 0.7% to €6.22bn.

• Q3 operating result advanced 25% to €1.31bn; 9M operating result increased 17.3% to €4.04bn.

• Q3 net result rose 45% to €859m; 9M net result increased 41% to €2.67bn.

• 9M costs rose 1% to €5.13bn; cost-income ratio improved to 52.8% including compulsory contributions.

Outlook and guidance

• FY 2026 net result target remains at least €3.4bn; revenue guidance remains around €13.2bn.

• Net interest income outlook trimmed to around €8.5bn from €8.6bn, reflecting increased deposit competition.

• Net commission income is expected to grow around 7% to approximately €4.3bn; net fair value result and other income expected at around €0.4bn.

• FY costs remain around €7.0bn; risk result around €850m; net RoTE around 12%; CET1 above 14% after capital return.