CaixaBank (CABK) investor relations material

Executive summary

• Net profit reached €3.2 billion in H1 2026, an 8.5% increase year-over-year, driven by strong commercial activity and customer acquisition.

• Customer base expanded to 20.9 million in Spain and Portugal, with over 1.1 million new customers in Spain and 210,000 new payroll accounts.

• Business volumes rose 7.8% year-over-year to nearly €1.2 trillion, reflecting robust lending and customer fund growth.

Financial highlights

• Net interest income grew 2% year-over-year to €5.39 billion; service revenues increased 7.4% to €2.77 billion.

• Gross income rose 3.7% to €8.34 billion; operating income up 3.2% to €5.02 billion.

• EPS for the last 12 months was €0.88, up from €0.83 a year earlier.

• Cost-to-income ratio stood at 39.6%; cost of risk remained low at 0.24%.

Outlook and guidance

• Interim dividend for 2026 to be set in October, expected between €961 million and €1.28 billion (30–40% of H1 net profit), payable in November.

• Full-year payout ratio targeted at 50–60% of consolidated net profit, with final dividend in April 2027.