Credit Agricole Sa · EURONEXT:ACA
Credit Agricole Sa — Q1 2026 Earnings Presentation
19 slides from Credit Agricole Sa's earnings presentation, Apr 30, 2026
Slide 1: Results for the 1st Quarter 2026
RESULTS FOR THE 1ST QUARTER 2026
Slide 2: Working every day in the interest of our customers and society
Working every day in the interest of our customers and society Olivier Gavalda FIRST QUARTER 2026 RESULTS 2 RESULTS FOR THE 1ST QUARTER 2026
Slide 3: Solid results in the face of turbulence
SOLID RESULTS IN THE FACE OF TURBULENCE CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. Revenues Revenues Evolution of Crédit Agricole S.A.’s quarterly revenues €10.0bn €7.0bn (€bn) +2.8% Q1/Q1 +0.9% Q1/Q1 6.9 7.0 6.8 Operating income Operating income €4.0bn €3.0bn 6.1 5.6 +6.2% Q1/Q1 +2.4% Q1/Q1 5.5 5.2
Slide 4: Thanks to sustained progress
THANKS TO SUSTAINED PROGRESS ■ Strong activity in all business lines Customer capture Retail banking Insurance Net inflows Corporate and France, Italy, Other loan production Premium income Amundi Investment Banking France, Italy and Poland #2 Green, Social & Sustainable 600,000 €33bn €17bn +€32bn bo
Slide 5: And thanks to controlled costs
AND THANKS TO CONTROLLED COSTS ■ Stable costs and lower cost/income ratio ■ Positive jaws effect CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE GROUP Expenses C/I Ratio +0.7% Q1/Q1 60.3% +2.7 pp (1) Q1/Q1 €6.0bn -1.3 pp Q1/Q1 CRÉDIT AGRICOLE S.A. CRÉDIT AGRICOLE S.A. Expenses C/I Ratio -0.2% Q1/Q1 56.9% +1.7
Slide 6: Risks under control, conservative provisioning
RISKS UNDER CONTROL, CONSERVATIVE PROVISIONING ■ Controlled cost of risk ■ Level of capital Cost of risk/outstandings CET 1 phased-in 30 bp 17.1% ■ High coverage ratios and loan loss reserves ■ Liquidity profile Coverage ratio Loan loss reserves Liquidity reserves 82.6% €22.6bn €475bn 6 RESULTS FOR
Slide 7: Working every day in the interest of our customers and society
Working every day in the interest of our customers and society Clotilde L’ANGEVIN FIRST QUARTER 2026 RESULTS 7 RESULTS FOR THE 1ST QUARTER 2026
Slide 8: Sustained activity in all business lines
CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. SUSTAINED ACTIVITY IN ALL BUSINESS LINES Change March 26/March 25 France: 450k • Retail Banking in France: overall increase in home loan production (+6% New retail banking Italy: 54k Q1/Q1), with contrasting trends between networks, in a stable and competit
Slide 9: Robust Group results
CRÉDIT AGRICOLE GROUP ROBUST GROUP RESULTS Q1/Q1 change in net income Group share by P&L line (€m) Gross operating income +8.7% on a like-for-like +€324m basis (1) +5.5% +€110m Cost of 30 bp risk/outstandings +1 bp Q1/Q4 2.2% NPL ratio Unchanged Q1/Q4 Loan loss reserves €22.6bn Coverage ratio 82.6%
Slide 10: Revenues: up +3.2% on a like-for-like basis
CRÉDIT AGRICOLE S.A. REVENUES: UP +3.2% ON A LIKE-FOR-LIKE BASIS (1) Change in revenues by business line Q1/Q1 (€m) +115 6,994 68 6,935 +59 +94 6,994 90 -99 -50 -1 Up on a like-for-like Slightly up basis (1) excluding unfavourable foreign exchange impact Q1-25 Asset Large SFS Retail Corporate Q1-26
Slide 11: Expenses: jaws effect up +1.7 pp on a like-for-like basis
CRÉDIT AGRICOLE S.A. EXPENSES: JAWS EFFECT UP +1.7 PP ON A LIKE-FOR-LIKE BASIS (1) Q1/Q1 change in expenses, by business line (€m) 3,991 +43 +3 3,981 67 -16 +4 -42 Favourable foreign exchange impact Q1-25 Asset Large SFS Retail Corporate Q1-26 proforma gathering customers banking centre Expenses und
Slide 12: Solid income in a volatile environment
CRÉDIT AGRICOLE S.A. SOLID INCOME IN A VOLATILE ENVIRONMENT Q1/Q1 change in net income Group share by P&L line (€m) Gross operating income +5.5% on a like-for-like basis (1) +€160m +1.8% +€30m +217 -57 +93 +1 1,676 1,646 -133 -91 One-off first ICG consolidation +€85m Q1-25 GOI Impact: Revenues Opera
Slide 13: A strong Group
A STRONG GROUP ■ Level of capital ■ Asset quality CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. CRÉDIT AGRICOLE GROUP CET 1 phased-in CET 1 phased-in 17.1% 11.4% Cost of risk/outstandings 30 bp €22.6bn Loan loss reserves +6.7 pp vs SREP requirement +2.6 pp vs SREP requirement ■ Liquidity profile NPL ra
Slide 14: Results for the 1st Quarter 2026
14 RESULTS FOR THE 1ST QUARTER 2026
Slide 15: Key figures
KEY FIGURES CRÉDIT AGRICOLE GROUP 1st QUARTER 2026 CRÉDIT AGRICOLE S.A. 1st QUARTER 2026 €10,000m 6,994 m€ Revenues Revenues +0.9% Q1/Q1 T1/T1 +2.8% Q1/Q1 €3,967m 3,013 m€ GOI GOI +6.2% Q1/Q1 +2.4% Q1/Q1 T1/T1 Net income Group €2,097m Net income Group 1,676 m€ share +5.5% Q1/Q1 share +1.8% Q1/Q1 T1/
Slide 16: Retail banking
RETAIL BANKING Regional Banks LCL Italy International • Gross customer capture: +320k • Gross customer capture: +79k new • Gross customer capture: +54k new • Loans outstanding: +8.0% year on year new customers customers (increase in digital customers, ~40% of which acquired at constant exchange rate
Slide 17: Asset gathering
ASSET GATHERING Insurance Asset management Wealth management • Record premium incomes of €17.0bn (+14%) • Assets under management: a new record of • Assets under management: rose to €234bn €2,398bn with strong inflows of +€32bn; negative (+0.4% over the quarter) thanks to positive net • Savings/reti
Slide 18: Large customers
LARGE CUSTOMERS Corporate and investment banking Asset servicing • Capital markets and investment banking: -2.2%, and stable excluding the • Assets under custody and administration: respectively amounting to foreign exchange impact; FICC -6.4% excluding the foreign exchange impact in €6,126bn and €3
Slide 19: Specialised financial services
SPECIALISED FINANCIAL SERVICES Personal Finance and Mobility Leasing and Factoring • Production: +3.5% at €11.4bn, resilient across all business lines; automotive • Leasing: production fell by 1.3%, less favourable environment in France; activity still impacted by the unfavourable market environment