Caixabank Sa · BME:CABK
Caixabank Sa — Q3 2026 Earnings Presentation
46 slides from Caixabank Sa's earnings presentation, Oct 30, 2026
Slide 1: 3Q26 Results
3Q26 RESULTS 30 October 2026 AI
Slide 2: Disclaimer
Disclaimer The purpose of this presentation is purely informative and should not be considered as a them updated, nor to correct them in the case that any deficiency, error or omission were service or offer of any financial product, service or advice, nor should it be interpreted as, to be detected.
Slide 3: Highlights
CONTENTS Highlights 3
Slide 4: Delivering profitable growth and value
9M26 Highlights Delivering profitable growth and value » Strong commercial execution yoy 9M26 Net income # of clients(1) Performing loans Customer funds Protection insur. premia(2) €4,962 M +13% yoy 480K +8% +6% +12% 3Q26 Net income » Continued NII growth (+3% 9M yoy) – driven qoq by volumes an
Slide 5: Resilient Iberian economies set to keep outperforming
Highlights Resilient Iberian economies set to keep outperforming Robust ytd momentum drives another growth upgrade UNDERPINNED BY SOLID FUNDAMENTALS Real GDP (1), % yoy Previous Projection Current Projection 2026e 2027e Employment yoy(2) +2.1% Household disposable income yoy(3) +5.5% 2.6% 2.4% 2.3%
Slide 6: Strong execution under the 3-year Plan drives growth and share gains
Highlights Strong execution under the 3-year Plan drives growth and share gains Progress since YE24 (outset of the Plan) Customer franchise grows Number of clients with Business volume beyond 21M recurrent income deposits(3) Business volume (4) , €Bn Million and in thousand of clients (2) Mill
Slide 7: imagin: a key engine for client acquisition and growth
Highlights imagin: a key engine for client acquisition and growth Combining neobank simplicity with full-service capabilities # CLIENTS BUSINESS VOLUME(2) CLIENT ACQUISITION(3) 4.3 M +9% yoy €24.3 Bn +18% yoy 50% of Group’s total Mobile banking leader A complete range of solutions Primary bankin
Slide 8: Transformation delivering measurable business impact
Highlights Transformation delivering measurable business impact Selected examples of 2026 initiatives A STRONGER DIGITAL PROPOSITION SCALING AI AND ADVANCE ANALYTICS ACROSS THE ORGANISATION Streamlined digital onboarding process (# screens 25%) AI-assisted customer service automation >200 retail a
Slide 9: Sustained lending momentum across key segments
Highlights Sustained lending momentum across key segments In a seasonal quarter o/w: PERFORMING LOANS(1) 30 September 2026 RESIDENTIAL MORTGAGES CONSUMER LENDING BUSINESS LENDING €397 Bn +7.0% yoy +1.7% qoq +9.8% yoy +1.3% qoq +11.4% yoy(3) +1.0% qoq Lending growth led by loans to the private
Slide 10: Unique asset-gathering franchise fuels customer funds growth
Highlights Unique asset-gathering franchise fuels customer funds growth Quarterly evolution shaped by seasonality and market volatility o/w: CUSTOMER FUNDS(1) WEALTH MANAGEMENT(2) DEPOSITS(3) WEALTH 29% 30 September 2026 MANAGEMENT(6) +15 bps yoy €760 Bn +10.8% yoy +0.4% qoq +2.7% yoy -2.8% qoq
Slide 11: Record Wealth Management balances – supported by sustained inflows
Highlights Record Wealth Management balances – supported by sustained inflows WM balances reach €310Bn Robust net inflows into WM WM balances(1) eop, €Bn WM(1) net inflows, ttm in €Bn +10% CAGR 310 % yoy +17.9% Savings +11.3% Insur.(2) 15.2 43% 280 Savings insurance(2) Mutual 12.9 263 +11.5% funds(
Slide 12: Protection insurance keeps growing at double-digit
Highlights Protection insurance keeps growing at double-digit Commercial momentum and innovative offering drive further share gains Positive production dynamics Sustained market share gains in life-risk… PROTECTION INSURANCE New protection insurance premiums breakdown by segment(2), Sep-26 ttm in €M
Slide 13: Profitable growth translating into shareholder value creation
Highlights Profitable growth translating into shareholder value creation Sustained earnings growth supports attractive shareholder returns RoTE ttm(1), % EPS(1), € BVPS, € DPS paid against FY25, € Interim DPS (2), € 18.8% 0.92 6.22 0.1844 0.50 17.4% 5.47 5.72 0.1679 0.82 +1.4 pp +13% +14% +10% Sep-2
Slide 14: P&L and balance sheet
CONTENTS P&L and balance sheet 14
Slide 15: Strong earnings growth
P&L and Balance Sheet Strong earnings growth –supported by diversified revenue momentum, positive operating leverage, and stable CoR CONSOLIDATED INCOME STATEMENT €M and % 3Q26 3Q25 % yoy % qoq REVENUES Net interest income 2,796 2,674 +4.6% +2.5% (1) Revenues from services 1,410 1,302 +8.3% +0.9%
Slide 16: Delivering on strategic priorities in Portugal
P&L and Balance Sheet Delivering on strategic priorities in Portugal Driving core business growth and transformation Business volume growth Broad-based market share gains Business volume(3,4), €Bn Market share in Portugal(6), % and yoy in bps ACCELERATING TRANSFORMATION yoy 74.2 Digital individu
Slide 17: NII growth accelerates yoy on volumes and NIM expansion
P&L and Balance Sheet NII growth accelerates yoy on volumes and NIM expansion –while customer spread inflection(1) joins volumes in driving client NII growth qoq NII growth yoy gathers pace – €M CLIENT NII SUPPORTED BY BOTH DRIVERS QoQ – €M NII up 4.6% yoy in 3Q QoQ reflects: +4.6% 7,957 (507) +
Slide 18: Strong deposit franchise remains a key NII anchor
P&L and Balance Sheet Strong deposit franchise remains a key NII anchor Healthy deposit mix, growing non-interest-bearing balances, and well-contained costs Sustained growth in non-interest-bearing balances Total deposits breakdown(1), average quarterly balance, €Bn DISCIPLINED DEPOSIT REMUNERATION
Slide 19: Revenues from services reinforce outperformance vs. initial guidance
P&L and Balance Sheet Revenues from services reinforce outperformance vs. initial guidance Up +7.7% yoy in 9M26, driven by WM and protection 3Q26 Revenues from services(1) QUARTERLY EVOLUTION €M €M WEALTH Strong growth MANAGEMENT on higher balances, +7.7% +8.3% underpinned by commercial +13.1% yoy d
Slide 20: Costs remain on track with guidance
P&L and Balance Sheet Costs remain on track with guidance Keeping C/I well below peer average Operating costs on track with guidance %C/I remains at low levels… €M % recurrent C/I(1) 1,652 1,668 1,684 1,599 1,620 1,617 54.0% 1,580 +4.0% yoy 41.6% 39.4% +0.9% qoq 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 20
Slide 21: Steady improvement in asset quality – reaching new record levels
P&L and Balance Sheet Steady improvement in asset quality – reaching new record levels CoR ttm stable at reduced levels Supportive organic trends bring % NPL down to another record low CoR stable at reduced levels NPLs(1) (€Bn) and % NPL(1) % NPL by segment, 30 September 2026 CoR ttm (%) Peer avg. –
Slide 22: Ample liquidity reserves remain a hallmark
P&L and Balance Sheet Ample liquidity reserves remain a hallmark Strong liquidity metrics 178% 139% 15.7% 90.3% €34Bn 30 September 2026 (eop) % LCR(1) % NSFR % ASSET % LtD COMMERCIAL GAP(2) ENCUMBRANCE Robust liquidity sources Liquidity ratios well above peers Strong and stable deposit base €Bn % LC
Slide 23: Strong capital accretion supports growth and attractive returns
P&L and Balance Sheet Strong capital accretion supports growth and attractive returns Underlying drivers remain intact despite 3Q market headwinds Strong and sustained earnings-driven organic generation CREATING SHAREHOLDER VALUE % CET1 qoq(1), % and bps +66 bps (8 bps) (44 bps) BVPS + FY25 DPS €6.2
Slide 24: FY26e guidance and capital targets
FY26e guidance FY26e guidance and capital targets FY25 FY26e 2026 % CET1 Management target NII €10,671 M >€11 Bn 11.5% - 12.5% -3.9% yoy Revenues €5,266 M >€5.6 Bn 2026 % Cash payout target from services (1) +5.4% yoy 50-60% Operating €6,415 M Up 4.5% costs +5.0% yoy 2026 % CET1 threshold for addit
Slide 25: Appendix
CONTENTS Appendix A1. 2025-27e Ambition A2. 3Q26 Supplementar y information A 3 . P & L : G r o u p , b y p e r i m e t e r, a n d b y s e g m e n t A4. Ratings A5. Glossar y 25
Slide 26: 2025-27e ambition and capital targets
A1. 2025-27e ambition 2025-27e ambition and capital targets 2027e 2027e 2025-27e CAGR Capital and distribution targets reiterated NII(3) 4% 2027e: €12.5 Bn 20% € % RoTE(1) % C/I(2) High 30s Rev. from MSD 50-60% % CASH PAYOUT(7) € services >18% THRESHOLD 25-27e avg. Costs 4% 12.5% FOR ADDIT
Slide 27: Interest rate sensitivity management
A2. 3Q26 Supplementary information Interest rate sensitivity management: targeting 12-24M NII sensitivity of ±7.5% to ±100 bps parallel shift in interest rates Key drivers to reduce sensitivity(1) NON-INTEREST-BEARING DEPOSITS WITH % of interest-bearing % OF FLOATING LIABILITIES on-balance-sheet 2
Slide 28: MREL structure and issuances
A2. 3Q26 Supplementary information MREL structure and issuances MREL stack vs. requirements 2025-27 issuance plan: >60% executed As at 30 September 2026, % of RWAs Issues by instrument (CABK ex BPI), €Bn equivalent MREL stack / components SREP and MREL Requirements(1,2) Issuance plan Issued in 2025-
Slide 29: Wholesale funding: back-book volumes, costs and maturities
A2. 3Q26 Supplementary information Wholesale funding: back-book volumes, costs and maturities WHOLESALE FUNDING COSTS AFFECTING NII WHOLESALE MATURITIES (2) Group ex BPI Group ex BPI, as at 30 September 2026 Volumes − Wholesale funding back-book volumes(1), €Bn 2026 2027 2028 >2028 Total 45 46 45 45
Slide 30: Fair value of assets and liabilities measured at amortised cost
A2. 3Q26 Supplementary information Fair value of assets and liabilities(1) measured at amortised cost ASSETS(2) LIABILITIES(2) As at 30 September 2026, €Bn As at 30 September 2026, €Bn FV – Carrying Carrying Fair Carrying Fair Carrying amount – amount Value (FV) amount Value (FV) amount FV(3) Loans
Slide 31: Group customer loans and funds
A2. 3Q26 Supplementary information Group customer loans and funds LOAN BOOK CUSTOMER FUNDS Breakdown, €Bn Breakdown, €Bn 30 Sep 26 % yoy % qoq 30 Sep 26 % yoy % qoq I. Loans to individuals 194.3 +5.9% -0.7% I. On-balance-sheet funds 538.5 +3.8% -2.0% (2) Residential mortgages 148.0 +6.3% +1.7% Depos
Slide 32: Customer loans – additional information
A2. 3Q26 Supplementary information Customer loans – additional information NEW LENDING IN KEY SEGMENTS (1) RESIDENTIAL MORTGAGE PORTFOLIO CABK ex BPI, breakdown by segment, €Bn CABK ex BPI as at 30 September 2026: breakdown by date of origination, % of total 9M26 9M25 % of total by origination date
Slide 33: Additional information on imagin
A2. 3Q26 Supplementary information Additional information on imagin A NEOBANK, WITH A COMPLETE PRODUCT OFFERING − SUPPORTED BY THE LARGEST PHYSICAL FOOTPRINT IN SPAIN imagin is a digital lifestyle and financial services platform launched by CaixaBank in 2016. Initially focused on younger, digitally
Slide 34: Revenues breakdown: by nature and service vs. accounting heading
A2. 3Q26 Supplementary information Revenues breakdown: by nature and service provided vs. by accounting heading ACCORDING TO ACCOUNTING HEADING ACCORDING TO NATURE AND SERVICE PROVIDED (CURRENT PRESENTATION) (1) €M €M 3Q26 9M26 3Q26 9M26 Net interest income 2,796 8,186 (a) Net interest income 2,796
Slide 35: Revenues from services: breakdown
A2. 3Q26 Supplementary information Revenues from services: breakdown Wealth management revenues Protection insurance revenues Banking fees Breakdown by main category, €M and % Breakdown by main category, €M and % Breakdown by main category, €M and % 3Q26 % yoy % qoq 9M26 % yoy 3Q26 % yoy % qoq 9M26
Slide 36: IFRS9 Scenarios
A2. 3Q26 Supplementary information IFRS9 Scenarios 30-Jun-26(1) 31-Dec-25 SPAIN PORTUGAL SPAIN PORTUGAL Real GDP (% yoy) Weight 2026e 2027e 2028e 2026e 2027e 2028e Weight 2026e 2027e 2028e 2026e 2027e 2028e Base case 60% 2.4 2.0 1.7 2.1 1.9 1.8 60% 2.0 1.9 1.7 2.0 2.0 2.0 Upside 10% 3.6 2.7 1.6 3.8
Slide 37: Sustainability: 9M26 highlights
A2. 3Q26 Supplementary information Sustainability: 9M26 highlights End-of-period EVOLUTION OF MAIN KPIs VS. TARGET, SEP-26 cumulative figure Target 9M26 HIGHLIGHTS >€100 Bn » Mobilisation of sustainable finance(2) >€92 Bn Cumulative Recognised as Europe’s #1 2025-27 sustainable bank by S&P Global
Slide 38: Group P&L − €M
A3. P&L: Group, by perimeter, and by segment Group P&L − €M 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 9M26 9M25 Net interest income 2,796 2,729 2,662 2,715 2,674 2,636 2,646 8,186 7,957 Revenues from services (1), o/w: 1,410 1,398 1,374 1,383 1,302 1,303 1,278 4,182 3,883 Wealth management 578 555 536 527
Slide 39: Income statement by perimeter − €M
A3. P&L: Group, by perimeter, and by segment Income statement by perimeter − €M 9M26 % yoy 9M26 CABK % yoy 9M26 BPI % yoy Net interest income 8,186 +2.9% 7,519 +3.0% 668 +2.1% (1) Revenues from services , o/w: 4,182 +7.7% 3,938 +7.7% 244 +7.4% Wealth management 1,669 +12.5% 1,616 +12.3% 53 +19.2% Pr
Slide 40: Income statement by segment − €M
A3. P&L: Group, by perimeter, and by segment Income statement by segment − €M Bancassurance BPI Corporate centre 9M26 % yoy 9M26 % yoy 9M26 % yoy SEGMENT REPORTING FROM 1Q22 Net interest income 7,485 +3.7% 647 +1.5% 54 -47.0% (2) Revenues from services , o/w: 3,938 +7.7% 244 +7.6% (0) Wealth managem
Slide 41: Credit ratings
A4. Ratings Credit ratings Improved during 2026 Issuer Rating Debt instruments Long term Short term Outlook SP SNP Tier 2 Covered bonds A2 P-1 stable A2(1) A3 Baa1 Aaa(2) 21 April 2026 A+ A-1 stable A+ BBB+ BBB AAA(3) 19 March 2026 8 July 2026 A+ F1 stable A+ A BBB+ - A (high) R-1 (middle) stable A
Slide 42: CaixaBank ESG indices – ratings
A4. Ratings CaixaBank ESG indices – ratings Worst Rating scale Best Worst Rating scale Best ESG Entity Rating Score (solicited) ESG corporate rating B- 2 D- D D+ C- C C+ B- B B+ A- A A+ Status: Prime Transparency: 5 4 3 2 1 Transparency level very high Decile rank: #1 Very low Low Medium High Very h
Slide 43: Definitions (I/II)
A5. Glossary Definitions (I/II) In addition to the financial information prepared in accordance with International Financial Reporting Standards (IFRS), this document includes certain Alternative Performance Measures (APMs) as defined in the guidelines on Alternative Performance Measures issued by t
Slide 44: Definitions (II/II)
A5. Glossary Definitions (II/II) Term Definition Term Definition NPL stock / NPLs Non-performing loans including non-performing contingent liabilities. The cumulative sustainable finance mobilisation in the 2025–2027 period is the sum of: (i) new sustainable financing production for individuals and
Slide 45: Acronyms and abbreviations
A5. Glossary Acronyms and abbreviations Term Definition Term Definition ABS Asset-backed security. LCR Liquidity coverage ratio. AC Amortised Cost. LLCs Loan-loss charges. AEB Asociación Española de Banca. Spain. LTV Loan to Value. APFIPP Associação Portuguesa de Fundos de Investimento, Pensões e Pa
Slide 46: CaixaBank
CaixaBank