Bankinter (BKT) investor relations material

Executive summary

• Achieved profitable and disciplined growth in Q1 2026, with net profit rising 7.6%–8% year-over-year to €291M, supported by improved margins and diversified income streams across all geographies.

• Customer volumes increased 6.5% year-over-year, with broad-based growth in products and geographies.

• Maintained strong balance sheet quality, best-in-class efficiency, and robust risk metrics, with ROTE at 20%.

• Strategic focus on digital transformation, AI-driven initiatives, and expansion in alternative investments and key geographies.

• CET1 capital ratio at 12.96%, well above regulatory minimums.

Financial highlights

• Net interest income grew 5.5% year-over-year to €571M; net fees and commissions up 8.1% to €203M.

• Gross operating income increased 6.5% year-over-year to €779M; cost-to-income ratio improved to 35.4%.

• Total assets grew 10.4% year-over-year to €136.7B; customer lending up 4.9% to €84.7B.

• Retail funds declined by €3B due to seasonality, while digital accounts grew by €2B to over €13B.

• Dividend per share up 25.4% year-over-year.

Outlook and guidance

• Guidance for 2026 remains unchanged, expecting stable volume growth, sustained profitability, and high ROTE.

• Lending volumes projected to grow at mid-single digits, with deposit management focused on liquidity and resilience.

• NII expected to grow quarter-on-quarter, driven by volume; fee income targeted for high single-digit growth.

• Cost-to-income ratio expected to decline below 35% for the year.

• Strategic use of AI and digitalization to drive efficiency and customer value.