Eurobank Ergasias Services and Holdings (EUROB) Q3 2025 earnings summary

Executive summary

• Adjusted net profit for 9M25 was €1,058m, with reported net profit at €1,033m, reflecting a 9% decrease year-over-year.

• Favorable macroeconomic conditions in Greece, Bulgaria, and Cyprus supported strong financial performance and growth across all core markets.

• Strategic acquisitions, including 80% of Eurolife and CNP Insurance in Cyprus, advanced diversification and integration goals.

• International/SEE operations contributed 53% of adjusted net profit, with Cyprus and Bulgaria as key contributors.

• Interim dividend of €0.047 per share was paid/announced for November 12, 2025.

Financial highlights

• Net interest income rose 4% year-over-year to €1,902m; net fee and commission income up 23.7% to €557m.

• Core operating profit was €1,292m, stable year-over-year; core income increased 7.9% to €2,459m.

• Loan growth of €3.3bn in nine months, on track to exceed the €4bn full-year target.

• Deposits increased by €0.9bn in 9M2025; managed funds up 32% year-over-year to €9.3bn.

• Adjusted net profit down 7.6% year-over-year; tangible book value per share at €2.46, up 6.5%.

Outlook and guidance

• RoTBV for 2025 expected to exceed original target, approaching 16%, supported by higher net interest income and fees.

• Full-year loan growth projected to exceed €4bn.

• Fee and commission income guidance revised upwards to above €740m for 2025.

• Dividend payout ratio to be between 50%-60%, with interim dividend of €0.047 per share.

• Management targets continued organic capital generation and asset growth, with a focus on sustainable financing and Net Zero roadmap.