Credito Emiliano (CE) Q2 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q2 2026 earnings summary
7 Sep, 2026Executive summary
Net profit for H1 2026 reached €312.9 million, up 12.5% year-on-year, excluding the prior year's one-off gain, driven by strong organic growth and diversified revenue streams.
Customer base expanded by 5% year-on-year to 1.7 million, with over 100,000 new customers acquired, reflecting successful client acquisition and retention.
Recurring revenues and commissions achieved record levels, supporting sustainable profitability and robust asset quality.
Strategic focus remains on organic growth, digital transformation, and ESG integration, with openness to M&A if accretive.
Industry-leading capital ratios and low risk metrics maintained.
Financial highlights
Net profit up 24.3% quarter-on-quarter and 12.5% year-on-year to €312.9 million; operating income rose 11.9% YoY to €1,048.7 million.
Net interest income increased 5.7% YoY to €501.5 million; non-interest margin up 18.3% YoY to €547.2 million.
Loans grew 2.1% YoY to €37.5 billion; total customer funding up 12.8% YoY to €120.8 billion.
Cost/income ratio improved to 46.4% from 49.3% YoY; cost of risk at 9 bps; gross NPL ratio at 1.5%.
CET1 ratio at 16.22% (holding), 17.45% (group); liquidity reserves at €19.2 billion (28% of assets).
Outlook and guidance
NII expected to grow at least 5% YoY in 2026, with double-digit growth anticipated in recurring fees from asset management and insurance.
Loan growth target around 3% for 2026; total direct and indirect funding target €4.5 billion by year-end.
Assets under management and insurance expected to reach €2.8 billion by December 2026.
Continued investment in digital transformation, AI, and ESG initiatives.
Guidance assumes stable credit costs and resilience amid geopolitical and market risks.
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