Unicaja Banco S.a. · BME:UNI
Unicaja Banco — Q3 2026 Earnings Presentation
53 slides from Unicaja Banco's earnings presentation, Oct 30, 2026
Slide 1: 3Q26 Presentation, October 2026
Presentation 3Q26 October 2026 1
Slide 2: Index
Index 01 Overview of Unicaja 02 3Q26 Activity & Results 03 Strategic Plan 2025-2027 04 Sustainability Strategy 05 Green Bond Framework 06 Appendix 2
Slide 3: Overview of Unicaja
1 Overview of Unicaja 3| @
Slide 4: Overview of Unicaja Banco
Overview of Unicaja Banco Business Description Geographical footprint (deposits market shares in %) ▪ Unicaja Banco is a listed retail bank with >€9bn market cap(1) with origin in the merger of several regional banks ▪ The 6th largest bank in Spain by total assets with €98bn, €6.4bn equity, €51bn gr
Slide 5: A retail domestic bank with a low risk profile
A retail domestic bank with a low risk profile Assets breakdown as of 3Q26 (€m) Liabilities and equity breakdown as of 3Q26 (€m) 97,860 Performing loans 97,860 Customer funds breakdown 6,800 13,916 4,546 4,768 9% 14% 11% 31,138 7% 22% 60% 75,395 77% 50,930 Mortgages Public sector deposits Corporate
Slide 6: 3Q26 Activity & Results
2 3Q26 Activity & Results (| @
Slide 7: Key highlights for the quarter
Key highlights for the quarter Business activity Profitability Asset quality Solvency Net income improved Business volume NPLs -15% YoY, increasing +8% in the year, 2nd interim dividend of accelerates its growth coverage by 11 p.p. with a supported by gross €6.42 cents to +5% YoY 19bps cost of risk
Slide 8: Shareholder remuneration
Shareholder remuneration 2026 second interim dividend of €6.42 cents per share Evolution of pay-out Interim dividends (1,2) (% net profit) (€ cents) 14,86 ~95% 100% 80% 25% 6.42 60% 40% 60% 70% 70% 8.44 20% 6.00 6.57 0% 2024 2025 2026 2024 2025 2026 Paid Ordinary Additional First Second Dividend pay
Slide 9: Main progress and initiatives in 9M26
Main progress and initiatives in 9M26 Conversational banking Rosetta AI-powered software Innovation lifecycle accelerator Payroll accounts Instant payment App Market share (%) Global NPS(1) Customer 4.7% >1 million 4.2% focus +9.4 p.p. YtD users 3Q25 3Q26 Corporate loans Consumer & other loans Mutua
Slide 10: Customer funds
Customer funds Customer funds grew 4.6% YoY, supported by both on- and off-balance-sheet funds Customer funds (excl. repos) On balance customer funds Breakdown Million Euros 3Q25 2Q26 3Q26 QoQ YoY Customer funds on balance 68,989 70,576 70,909 0.5% 2.8% (excl. Repos) 9% Public institutions 5,802 5,4
Slide 11: Wealth Management & Insurance
Wealth Management & Insurance Wealth management and insurance revenues +9% YoY representing 19% of gross margin Assets under management and insurance Assets under management (€bn) revenues(1)(€m) +10% 26.7 YoY 24.3 +9% 7.5 YoY Other 7.5 312 286 Mutual Funds 16.9 19.2 +14% YoY 3Q25 3Q26 9M25 9M26 Mut
Slide 12: Lending
Lending Total performing book grew 4.9% YoY, with all segments up Performing loan book Performing loan book Structure € million 3Q25 2Q26 3Q26 QoQ YoY QoQ (excl. 7% 11% advances 1) Public sector 4,974 5,498 5,207 -5.3% 4.7% Private sector 42,073 44,444 44,164 -0.6% 5.0% +1.2% Corporate loans 9,790 1
Slide 13: New lending
New lending Private-sector new lending +18% in 9M26 Total private sector lending(€m) Business & SE lending(€m) 8,091 +18% +10% 4,486 YoY 4,092 YoY 6,841 1,713 2,577 2,572 1,548 3Q25 3Q26 9M25 9M26 3Q25 3Q26 9M25 9M26 Mortgages (€m) Consumer lending and others (€m) 2,851 +30% +33% YoY 753 2,185 YoY 7
Slide 14: Income statement
Income statement Net income +8.1% in the year, driven by gross margin growing +3.5% and 20% lower provisions, which more than offset the increase in costs € million 3Q25 2Q26 3Q26 QoQ (%) YoY (%) 9M25 9M26 (%) Net Interest Income 375 382 395 3.5% 5.5% 1,117 1,151 3.0% Main changes Dividends 4 17 4 -
Slide 15: Net interest income
Net interest income Customer spread improved in the quarter due to the higher loan yield Average quarterly yields and costs(1),(2) (%) 2.77% 2.71% 2.73% 2.74% 2.80% 2.32% 2.28% 2.28% 2.26% 2.28% 1.73% 1.73% 1.80% 1.72% 1.69% 0.45% 0.42% 0.45% 0.47% 0.53% 3Q25 4Q25 1Q26 2Q26 3Q26 Customer spread Loan
Slide 16: Net interest income evolution
Net interest income evolution Net interest income improved in the quarter, supported by the repricing of assets Quarterly evolution of net interest income(€m) 9 16 1 Deposits: Higher cost mainly explained by higher rates Lending: Improved contribution from repricing 11 395 382 Liquidity & ALCO: Posi
Slide 17: Fee income
Fee income Fees continue to evolve toward higher value-added services, which now account for 55% of total fees Net fees (€m) Fee income breakdown(%) € million 3Q25 2Q26 3Q26 QoQ YoY 9M25 9M26 YoY 8% 7% 8% 18% 19% 21% Payments and accounts 62 56 51 -9.4% -18.4% 186 167 -10.1% 44% 49% 55% Non-banking
Slide 18: Other income
Other income Other income improving owing to lower real estate costs and higher contribution from affiliates Other income breakdown(€m) € million 3Q25 2Q26 3Q26 QoQ(%) YoY(%) 9M25 9M26 YoY(%) Dividends 4 17 4 -77.1% -7.1% 16 22 34.3% Associates 19 42 21 -48.8% 13.9% 79 82 3.4% Trading income 1 1 1 -
Slide 19: Operating expenses
Operating expenses Operating expenses increased as a result of the investments made under the strategic plan Operating expenses (€m) As part of the strategic plan, we continue +5% 711 746 YoY investing in workforce renewal, talent acquisition, and improvements in processes and 69 72 branch network 2
Slide 20: Cost of risk and other provisions
Cost of risk and other provisions Cost of risk of 19 bps in 3Q (annualized); total provisions down 20% YoY Loan loss provisions and credit cost of risk(1) (€m) Total provisions evolution (€m) 32 -20% YoY 28 25 24 23 155 124 92 72 69 59 (6) (8) 3Q25 4Q25 1Q26 2Q26 3Q26 9M25 9M26 24 bps 27 bps 20 bps
Slide 21: Profitability
Profitability The 8.1% improvement in net profit in 9M26 together with the high dividend enabled by a robust capital position generate high value for shareholders Return on capital evolution (1,2,3)(%) Net profit(€m) 16.5% 16.6% 543 503 12.2% 451 +8% 11.1% 12.0% vs 9M25 9.8% 10.3% 6.8% 7.9% +20% vs
Slide 22: NPLs and NPAs
NPLs and NPAs NPL ratio at 1.8% and NPAs net at 0.5% with NPA coverage ratio at 83% and balances -22% YoY Non-performing loans (€m) Gross non-performing assets (NPAs) (€m, %) 75% 81% 83% Coverage (%) 1,079 -15% YoY 1,033 1,794 -22% YoY 981 1,436 1,392 935 921 1,079 NPLs 935 921 Foreclosed assets 715
Slide 23: Solvency (I/II)
Solvency (I/II) CET1 down 28 bps in the quarter, reflecting a 95% payout ratio, RWA growth and fair value adjustments CET1 quarterly evolution (%) Positive impacts 0.59% • Organic generation from net income 0.56% 0.09% 0.15% 0.06% Negative impacts 15.8% 15.5% • Shareholder remuneration and AT1 coupo
Slide 24: Solvency (II/II)
Solvency (II/II) Comfortable capital position with ample buffers on regulatory requirements Pillar 2 requirement (%) Capital Structure – MREL(1) Capital levels and Regulatory Requirements 26.6% SREP Requirement (Total) (2) 13.0% 2.6% 2.25% MREL Requirement (3) 24.8% 2.15% 4.8% SP 2.00% CET1 buffer(4
Slide 25: Fixed-income portfolio
Fixed-income portfolio Stable portfolio size, with improved yield while maintaining a conservative profile Fixed Income portfolio evolution(€bn) Fixed Income portfolio breakdown (%) 31 84% 29 30 Amortized cost 8% 10% 3Q25 2Q26 3Q26 82% 2.6% 2.7% 2.8% Yield evolution (1) Public debt Sareb Private deb
Slide 26: 2026 guidance
2026 guidance Meeting guidance as of 9M26 2026 2026 2026 Initial guidance 2Q26 Update 9M26 actuals Net interest income >2025 +Low-Mid SD +3% Fees +LSD +LSD +1% Costs +MSD +MSD +5% Cost of risk <30 bps 20–25 bps 19 bps Business volume(1) ~3% ~3% +5% Net profit(2) >2025 +MSD +8% (1) Includes performin
Slide 27: Final remarks
Final remarks Strategic Plan 2025-2027 +5% total expenses 9M26 YoY Business volumes +5% business volumes 3Q26 YoY Profitability +8% net income 9M26 YoY Shareholder remuneration +126% interim dividends 2026 vs 2025 27
Slide 28: Strategic Plan 2025-2027
3 Strategic Plan 2025-2027 28
Slide 29: Strategic Plan 2025-27
Strategic Plan 2025-27 Improved profitability and solid business performance allow raising expected results Accumulated net profit 2025-27(1),(2) (€m) 2000 >€1,900m Initial Updated 1800 >€1,600m 1600 Net interest income >1,400M€ >1,500M€ (2026-27) (2026-27) 1400 1200 +19% Net Profit >500M€ >630M€ 10
Slide 30: Strategic Plan 2025-27
Strategic Plan 2025-27 The shareholder remuneration target throughout the plan remains at >85%, raising the structural payout to 70% Total remuneration(1) (% of accumulated net profit for the three years) Remuneration Plan 2026 & 27 Ordinary dividend with a payout of 70% of net profit Additional rem
Slide 31: Sustainability Strategy
4 Sustainability Strategy 31
Slide 32: ESG
ESG Advancing the development of a more sustainable economy and society 01 02 03 04 Sustainable business Social development Green bond issuance Decarbonization +16% ESG lending to 17 volunteering activities in 3Q26 6 green bonds issued since 2022 ▪ 6 sectors with decarbonization corporates in the ye
Slide 33: ESG
ESG Promoting sustainable business growth through a broad offering, which is also translating into a sustained increase in the elegible portfolio under the Green Bond Framework +13% 3,159 Green Bond Framework eligible projects +16% 2,787(1) +27% 602 (€ million) 2,395 446 1,892 242 3,159 277 1,899 2,
Slide 34: Green Bond Framework
5 Green Bond Framework 34
Slide 35: Green Bond Framework GBF
Green Bond Framework GBF (1) Rationale ✓ To align our financing strategy and funding program with 1 Use of proceeds our sustainable strategy and targets ✓ To promote and support the migration of assets towards a more sustainable balance sheet 2 Project evaluation & selection ✓ To contribute to the d
Slide 36: Green Bond Framework: Use of proceeds / Categories
Green Bond Framework: (1) Use of proceeds / Categories 1 Eligible projects as of 3Q2026(1) EU environmental objective Sustainable Development Goals (SDG) Renewable energy €387m Climate change mitigation Green €602m (Developer Mortgages) Climate change mitigation buildings €2,170m (Residential Mortga
Slide 37: Green Bond Framework: Evaluation and selection & Management of proceeds
Green Bond Framework: (2) Evaluation and selection &(3) Management of proceeds 2 The bank will maintain an inventory of all types of assets/loans, sectors and products associated with the financings included in the GBF that will be assessed in regular basis by the ESG Working group Evaluation and se
Slide 38: Green Bond Framework: Reporting
Green Bond Framework: (4) Reporting 4 • It will be updated in the event of any material changes affecting Eligible Green Projects. Allocation • It will include the amount of the net proceeds of the Green Bond. Report • Percentage of proceeds allocated for financing and refinancing. • The balance of
Slide 39: Green Bond Framework: External review
Green Bond Framework: (5) External review 5 • “On the basis of the information provided by UNICAJA and the work undertaken, it is DNV´s opinion that the Framework meets the criteria established in the Protocol and that it is aligned with the stated definition of green bonds within the Green Bond Pri
Slide 40: Appendix
5 Appendix 40
Slide 41: ESG: 2025 Allocation of eligible projects
ESG 2025 Allocation of eligible projects As of December 31, 2025, Unicaja has eligible projects for €2,787 million, of which €1,600 million have been allocated to the four Green Bonds issued to that date, according to the following breakdown between renewable energy projects and green buildings. Tot
Slide 42: ESG: 2025 environmental impact of assets allocated to Green Bonds
ESG 2025 environmental impact of assets allocated to Green Bonds The breakdown of the estimated environmental impact(1) of the projects allocated to each of the green bonds issued by Unicaja is as follows: Impact indicators Renewable energy Renewable capacity Allocated Projects Total amount Impact o
Slide 43: Liquidity
Liquidity Liquid assets (€m) 41,086 20% over 13,842 total assets 27,245 Net liquid assets Additional capacity to issue Total liquidity 43
Slide 44: Wholesale funding
Wholesale funding Wholesale funding: breakdown and maturity (1) Maturities breakdown (1,2) Instrument 2026 2027 2028 >2028 Total 4.9% 11,000 7.0% 4.2% 4.6% AT1 120 - - 500 620 9,000 3.5% 5.0% Tier 2 3.0% - 300 - 300 600 7,000 Senior non-preferred - 300 - 1,200 1,500 5,000 4,830 1.0% -1.0% Senior pre
Slide 45: Ratings
Ratings Long-term rating evolution Current rating per instrument Moody's Fitch Fitch A2 A A A3 A- ◼ + A- LT Deposits Baa1 BBB+ ◼ BBB+ SP Baa2 BBB ◼ ◼ BBB SNP Baa3 BBB- ◼ ◼ + BBB- T2 Investment Ba1 BB+ Grade BB+ Ba2 BB BB AT1 2023 2024 2025 2026 Moody's Rating Long-Term Deposits Fitch's Long-Term Iss
Slide 46: Non-performing loans
Non-performing loans NPL structure (%) NPL ratio by segment (%) 7% Loan portfolio (€m) 3Q25 2Q26 3Q26 29% Corporates (incl. RED) 3.9% 2.7% 2.5% Residential mortgages 2.1% 1.9% 1.9% Consumer & other 1.8% 1.4% 1.8% 2% Total NPL Ratio 2.2% 1.8% 1.8% 61% Corporate Loans RE Developers Residential mortgag
Slide 47: Breakdown of NPLs and stages
Breakdown of NPLs and stages Credit breakdown by stages September 2026 (€m) Stage 1 Stage 2 Stage 3 Gross balance 47,497 1,874 921 Coverage 250 125 403 Coverage level (%) 0.5% 6.7% 43.8% 47
Slide 48: Foreclosed assets
Foreclosed assets Evolution of foreclosed assets(€m) Breakdown of foreclosed assets (€m) Coverage Foreclosed assets (€m) Gross Debt NBV 7 (%) Residential 135 51 63% Building under construction 25 1 97% Commercial RE 58 21 63% 607 143 Land 253 29 89% 471 Total 471 101 79% 4Q25 Entries Exits 3Q26 48
Slide 49: Share and book value
Share and book value Share and liquidity: 3Q25 2Q26 3Q26 # O/S shares (m) 2,571 2,571 2,571 Last price (€) 2.33 3.12 3.54 Max price (€) 2.45 3.19 3.67 Min price (€) 1.98 2.57 3.16 Avg. daily traded volume (#shares m) 6.89 5.31 3.82 Avg. daily traded volume (€m) 15.05 14.98 13.26 Market Capitalizatio
Slide 50: Income statement
Income statement € million 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 QoQ (%) YoY (%) Net interest income 384 381 369 374 375 378 373 382 395 3.5% 5.5% Dividends 5 1 1 12 4 6 1 17 4 -77.1% -7.1% Equity-accounted income 15 13 22 39 19 14 19 42 21 -48.8% 13.9% Net fees 125 131 132 130 130 135 136 13
Slide 51: Balance sheet
Balance sheet € million 30/09/2025 31/12/2025 31/03/2026 30/06/2026 30/09/2026 Cash and cash balances at central banks 5,792 5,761 5,693 4,173 1,876 Financial assets held for trading and at P&L 285 1,033 1,079 899 1,323 Financial assets at fair value through other comprehensive income 5,015 4,593 4,
Slide 52: Legal disclaimer
Legal disclaimer This presentation (the Presentation) has been prepared by Unicaja Banco, S.A. (the Company or Unicaja Banco) for information purposes only. The recipient of this information must conduct its own analysis of the Company. The information provided in this presentation may not be valued
Slide 53: Thank you
Thank you 3Q26 results presentation 53