Slide 1: FY2025 Earnings Presentation
FY2025 Earnings Presentation January 22nd 2026 Dow Jones Sustainability Index Member 1
Slide 2: Disclaimer
Disclaimer Similarly, Bankinter advises that this presentation may contain forward-looking statements, regarding the business evolution and results of the entity. While these statements represent our opinion and future expectations, various risks, uncertainties and other important Bankinter presents
Slide 3: Agenda
AGENDA 01. Highlights 02. Results & Solvency 03. Geographies & Businesses 04. Priorities 3
Slide 4: Agenda
AGENDA 01. Highlights 02. Results & Solvency 03. Geographies & Businesses 04. Priorities 4
Slide 5: Net Profit €1.090M / +14,4%
Highlights ROTE .1 Record profitability, driven by diversified growth, strong asset quality and efficiency 20% +9% CUSTOMER VOLUMES Exceptional customer volume growth vs 2024 +5% +6% +19% CUSTOMER LENDING CUSTOMER FUNDS AUMs Disciplined margin management 2,68% 1,78% 2025 CUSTOMER MARGIN NIM +5% GROS
Slide 6: Intense commercial activity driving diversified growth
Highlights €241Bn .1 +€20Bn / +9% Intense commercial activity driving diversified growth Volumes vs. 2024 Customer Volumes1 Volume Breakdown € billion € billion Customer Lending CAGR (2020) vs. 2024 +8% CAGR ’20-’25 80 84 +5% +5% +€80Bn / +50% 64 dec-20 dec-24 dec-25 Customer Funds 83 88 +6% +6% 241
Slide 7: Revenue growth underpinned by our client profile and business model
Highlights .1 01. Revenue growth underpinned by our client profile and business model Core Revenues Income Catalysts € million Growth in customer lending & customer funds +12% CAGR Higher AUMs and AUCs +1% Bankinter Investment 2.995 3.032 2.838 Macro Outlook Spain, Portugal & Ireland +€78M / 717 795
Slide 8: Record results year after year, creating further value to shareholders
Highlights .1 Record results year after year, creating further value to shareholders TBV per share + Results ROE Shareholder remuneration € million 20% € per share ROTE x3 18,9% +14% 17,9% +9% 17,1% 7,29 6,65 6,69 0,57 6,04 0,51 12,0% 1,31 5,33 5,43 0,45 1.090 9,6% 0,10 0,23 0,28 953 6,72 845 6,18 7
Slide 9: 100% digital accounts, catalyst for future growth & efficiency
Highlights .1 01. 100% digital accounts, catalyst for future growth & efficiency Strategy Deposit gathering engine € billion Boost acquisition +64% of high-value 12 clients 7 EVO Reduce acquisition & 5 12 Bankinter Spain servicing costs 3 dec-24 dec-25 Provide full access to Bankinter’s branch netwo
Slide 10: Agenda
AGENDA 01. Highlights 02. Results & Solvency 03. Geographies & Businesses 04. Priorities 10
Slide 11: P&L: another record-year
Results & Solvency .2 P&L: another record-year Bankinter Group € million 2025 2024 Dif. € Dif. % Net interest income 2.237 2.278 -41 -1,8% Net fees & commisions 795 717 +78 +10,9% Other income / expenses 15 -94 +109 n.a. Gross operating income 3.047 2.901 +145 +5,0% Operating expenses -1.099 -1.054
Slide 12: Net Interest Income
Results & Solvency .2 Net Interest Income Net Interest Income Customer Margin € million % +1% -1,8% 4,32 3,89 3,65 3,00 2,91 2,68 2,05 2,09 2,00 1,88 1,82 2.278 1,78 2.213 2.237 1,42 1.537 1,48 Δ 1,47 0,89 0,97 1.247 1.275 1,33 Δ 0,05 0,03 0,10 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024
Slide 13: ALCO bond portfolio continues to support NII momentum
Results & Solvency .2 ALCO bond portfolio continues to support NII momentum YoY HTC FV Total ALCO Portfolio Distribution & Maturity as of dec-25 Difference % of total 84% Amount (€Bn) 14,4 0,7 15,0 +1,1 11% Fixed Rate Spanish Sovereign 23% €15Bn Duration (years) 4,7 2,8 4,6 -0,3 Other Sovereign Othe
Slide 14: Fee growth sustained momentum
Results & Solvency +€78Bn .2 Fee growth sustained momentum +11% Fees vs 2024 Net Fees Gross Fees received breakdown € million vs 2024, € million 10% % Fees CAGR ‘20-’25 Asset Management & 538 +14% 54% +11% Brokerage 39% Transactional 392 +2% 795 717 603 606 624 497 Insurance 67 +7%1 7% 2020 2021 202
Slide 15: Other operating income and expenses
Results & Solvency .2 Other operating income and expenses Bankinter Group € million 2025 2024 Dif. € Dif. % Equity method 49 35 +14 +40% Trading income/losses & dividends 58 54 +4 +8% Subtotal 107 89 +18 +21% Other operating income/expenses -92 -183 +90 -50% of which Banking Tax 0 -95 +95 -100% Tota
Slide 16: Strong revenue growth across all geographies
Results & Solvency .2 Strong revenue growth across all geographies Gross Operating Income by Geography 12% € million CAGR ‘20-’25 +5% 3.047 2.901 16% 118 2.661 103 Portugal 367 97 346 & Ireland 306 2.084 1.855 1.709 191 11% 152 Portugal & 138 Ireland 2.452 2.563 2.257 1.644 1.814 1.513 -77 -95 2020
Slide 17: Strict cost control as lever for improved efficiency
Results & Solvency .2 Strict cost control as lever for improved efficiency Operating Costs Cost-to-income ratio € million 48,5% 46,0% 44,1% +4% 37,3% 36,3% 36,1% 2020 2021 2022 2023 2024 2025 Breakdown of operating costs % vs 2024, % of total 11% 5% 8% 1.054 1.099 34% 993 853 918 829 1.099 1.099 58%
Slide 18: Pre-provision profit
2,2x Results & Solvency .2 Pre-provision profit Since 2020 Evolution € million +17% CAGR 1.848 1.947 1.745 1.166 880 1.002 2020 2021 2022 2023 2024 2025 18
Slide 19: Improvement in cost of risk and provisions
Results & Solvency .2 Improvement in cost of risk and provisions Credit risk cost Other provisions as % over total risk1 , € million as % over total total1 , € million 500 0,45% 500 0,45% 450 0,39% 0,39% 0,39% 450 0,40% 0,40% 0,34% 0,33% 400 0,32% 0,35% 400 0,35% 350 350 0,25% 0,30% 0,30% 300 300 0,
Slide 20: Historic milestone: 1.000 in Net Profit surpassed
Results & Solvency .2 Historic milestone: 1.000 in Net Profit surpassed Profit Before Taxes Net Profit € million € million +25% +13% +29% +14% 1.535 1.360 1.090 1.229 953 845 785 560 537 437 231 174 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 20
Slide 21: Credit risk and asset quality reflect our strict risk culture
Results & Solvency .2 Credit risk and asset quality reflect our strict risk culture Non-Performing Loans, NPL & Coverage Ratio Asset Quality € billion NPL Ratio by region, with latest sector data available 3,0% 4,5% 5,0% 4,5% 2,8% 2,8% 4,0% 3,5% 2,6% 3,0% 2,5% 2,4% 2,0% 1,5% 2,20 2,2% 2,4% 2,4% 2,3%
Slide 22: Strong capital & solvency ratios
2026 Capital Results & Solvency .2 Strong capital & solvency ratios Pillar II (P2R) Capital Requirement 1,50% 4º lowest out of 110 CET1 ratio European entities CET1 % Phased-in 1,11 12,41 0,03 12,69 0,03 12,72 12,7% -0,51 -0.35 Buffer 4,40 +28bps organic generation 4,36 Leverage ratio 5,3% Total cap
Slide 23: Agenda
AGENDA 01. Highlights 02. Results & Solvency 03. Geographies & Businesses 04. Priorities 23
Slide 24: Stronger diversified growth
Geographies & Businesses .3 03. Stronger diversified growth Volume evolution Volume growth Profit Before Taxes € billion % of customer volumes, % variation vs dec-24 % contribution, % variation vs 2024 241 2% 3% 221 5 4 25 10% 22 14% +€20Bn €1.535M 211 195 88% 83% 2024 2025 Spain: +8% Spain: +14% Po
Slide 25: Spain
Geographies & Businesses .3 03. Spain Business KPIs P&L € million FY25 FY24 Dif. % €68Bn Net interest income 1.836 1.902 -3% Customer lending +3% YoY Net fees 704 631 +12% Retail Banking Corp. & SME banking €35Bn +1%1 €33Bn +6% Other income / expenses 23 -80 n.a. €80Bn Gross operating income 2.563 2
Slide 26: Portugal
Geographies & Businesses .3 Portugal Business KPIs P&L € million FY25 FY24 Dif. % €11Bn Net interest income 285 277 +3% Customer lending +9% YoY Retail Banking Corp. & SME Banking Net fees 82 77 +6% €7,4Bn +11% €3,5Bn +6% Other income / expenses 0 -7 -98% €10Bn 1 Gross operating income 367 346 +6% C
Slide 27: Ireland
Geographies & Businesses .3 Ireland Business KPIs P&L € million FY25 FY24 Dif. % Net interest income 116 100 +16% €5Bn Customer lending +23% YoY Net fees 10 10 +1% Mortgages Consumer Other income / expenses -8 -6 +27% €4Bn +27% €1Bn +11% Gross operating income 118 103 +14% Operating expenses -52 -49
Slide 28: Corporate & SME banking growing strongly, consistently gaining market share
Geographies & Businesses .3 Corporate & SME banking growing strongly, consistently gaining market share Customer Lending Growth Catalysts € billion 1 +6% International Business Segment € billion 2x vs dec-24 11 6 dec-20 dec-25 2 Sustainability / ESG: new solutions for clients 36,7 34,5 Energy effici
Slide 29: Bankinter Investment
Geographies & Businesses .3 Bankinter Investment Gross Operating Income1 Alternative Investments & Vintage Profile € million 31 Structured vehicles 249 2 + 15.300 Bankinter Investors 233 231 + €1,5Bn Cumulated payout 181 69 105 86 154 45 + €5,2Bn Committed capital 115 72 # structured vehicles €Bn co
Slide 30: Strong Alternative Investment Vehicles' diversification
Geographies & Businesses .3 Bankinter Investment Strong Alternative Investment Vehicles’ diversification 11 INVESTMENT STRATEGIES 14 COUNTRIES +360 UNDERLYING ASSETS Assets by geography Assets by sector 80 15 2 16 5 4 213 10 sectors 48 3 2 22 assets 33 2 2 30 26 2 Other countries 362 80 34 assets 60
Slide 31: Retail Banking: increased trends in mortgage activity and strong account gathering
Geographies & Businesses .3 Retail Banking: increased trends in mortgage activity and strong account gathering Salary Account Balances New Mortgage Origination Mortgage Backbook € billion € billion € billion +7% +10% +5% vs dec-24 vs 2024 vs dec-24 Market share Spain1 Portugal2 Ireland3 5% 5% 7% ,1
Slide 32: Wealth Management: growth reflects the high-quality customer base
Geographies & Businesses +€21Bn .3 Wealth Management: growth reflects the high-quality customer base +16% Incremental wealth Customer wealth1 2025 € billion +14% CAGR / +€50Bn 154 134 10 118 11 105 71 62 55 50 72 84 55 63 2022 2023 2024 Market effect New net money 2025 Wealth Banking Retail Banking
Slide 33: Off Balance sheet volumes, leading the sector in growth
.3 03. Geographies & Businesses €156Bn Off Balance sheet volumes, leading the sector in growth +€25Bn / +19% AUMs + AUCs vs dec-24 AUMs1 AUCs2 € billion € billion +15% CAGR 22-25 +19% CAGR 22-25 88 vs dec-24 73 +1% 25 69 62 58 58 25 vs dec-24 47 23 21 41 40 +18% 34 28 62 27 48 +29% 37 39 29 +19% 20
Slide 34: Agenda
AGENDA 01. Highlights 02. Results & Solvency 03. Geographies & Businesses 04. Priorities 34
Slide 35: Consistent and disciplined execution of priorities
Priorities .4 Consistent and disciplined execution of priorities 1 High-quality volume growth, strengthening margins and risk profile. 2 Greater diversification, increasing the weight of income from services and geographies. 35 3 AI with tangible impact, driving competitive differentiation and effic
Slide 36: AI First
Priorities AI First .4 AI Strategic Roadmap Deliver tangible returns, with a differentiated client experience and improved operational efficiency. Commercial Employee Process Productivity Efficiencies +10% increase in Competitive +5% increase in capacity differentiation personal productivity ~1M hou
Slide 37: Maximizing the potential of AI
.4 01. Priorities ~10% Maximizing the potential of AI Technology spend o/ Gross Operating Income since 2018 Employee Productivity Costs over volumes Efficiency Ratio Customer Volumes/ Employees , € million Operating costs / Customer Volumes % of costs / income (millions of € per billion in volumes)
Slide 38: +9% / €241Bn in Customer volumes
Closing Remarks .0 FY25 +9% / €241Bn in Customer volumes YoY Customer volumes vs dec-24 Results vs FY24 Customer Customer Gross operating Pre-provision Net profit AUMs lending funds income profit €84Bn €88Bn €69Bn €3.047M €1.947M €1.090M +5% +6% +19% +5% +5% +14% NII Fees -1,8% +10,9% Ratios Value N
Slide 39: 22nd January 2026 Results FY2025
22nd January 2026 Results FY2025 39
Slide 40: Appendix
APPENDIX 01. Results 02. Glossary 40
Slide 41: 4Q25 Profit & Loss Summary
Results A.1 4Q25 Profit & Loss Summary Bankinter € million 4Q25 3Q25 Dif. € Dif. % 4Q24 Dif. € Dif. % Net Interest Income 570 566 +4 +1% 550 +20 +4% Net Fees & Commissions 218 196 +22 +11% 196 +22 +11% Other Income/Expenses 7 -5 +12 n.a 4 +3 +70% Gross Operating Income 795 757 +38 +5% 750 +45 +6% Op
Slide 42: Quarterly net interest margin, a trough year with signs of recovery
Results A.1 Quarterly net interest margin, a trough year with signs of recovery Net Interest Margin Customer Margin € million % quarterly +4% 4,14 3,95 +1% 3,71 3,49 3,48 2,74 2,74 2,73 2,65 2,61 1,87 1,84 1,83 1,76 1,72 560 566 570 1,40 550 541 1,21 0,98 0,87 Δ 0,84 Δ 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24
Slide 43: Solid liquidity metrics
Results A.1 02. Solid liquidity metrics Liquidity gap Wholesale funding maturities € billion € billion -1,5 -2,2 -5,3 -5,2 -4,8 -5,1 5,1 2020 2021 2022 2023 2024 2025 Loan to Deposits 1,1 1,6 1,0 In % 2026 2027 2028 2029 ≥2030 97% 95% 95% HQLAs 12M average €25Bn Liquid Assets €40Bn Issuance Capacity
Slide 44: Diversified organic growth, outperforming the sector
Results A.1 Sovereign Rating Updates Diversified organic growth, outperforming the sector A → A+ A- → A Baa1 → A3 Customer lending evolution. Bankinter Spain vs Sector1 Sector: Lending to households and companies2 % variation 12 months € million 7% 6% 5% 3,3%3,9% 952.605 -52% 2% 1% 3% 1% 1% 0% -3% d
Slide 45: Diversified organic growth, outperforming the sector
Results A.1 Diversified organic growth, outperforming the sector Evolution of credit investment. Bankinter vs Sector2 % variation 12 months PORTUGAL IRELAND 132% 15% 16% 97% 8% 9% 7% 6% 7% 5% 34% 3% 2% 3,2% 27% 23% 6% 1% 1% 3% -1% -1% -1% 0% dec-20 dec-21 dec-22 dec-23 dec-24 dec-25 dec-20 dec-21 de
Slide 46: Strong capital & solvency ratios
2026 Capital Results A.1 Strong capital & solvency ratios Pillar II (P2R) Capital Requirement 1,50% 4º lowest out of 110 CET1 ratio European entities CET1 % Phased-in 0,28 12,41 12,35 12,57 12,94 0,19 12,79 12,72 12,7% -0,51 -0,11 -0,07 Buffer 4,63 4,99 -15bps organic generation 4,36 4,40 4,42 Lever
Slide 47: Subordination
Results A.1 Minimum Requirement for own funds and eligible liabilities MREL ratio % RWAs (TREA) 25,7% 24,0% Requirement + CBR: Requirement + CBR: 23,0% 23,4% 3,9% 3,0% 4,5% 4,8% 2,8% 2,3% Subordination Subordination 1,5% 1,8% 21,1% 21,8% 12,4% 12,7% dec-24 dec-25 CET1 AT1 Tier 2 Senior non-preferred
Slide 48: Wealth management: outstanding franchise with record inflows
Results 9% Market A.1 Wealth management: outstanding franchise with record inflows Share of inflows1 2nd of Spanish banks Wealth Management AUMs Inflows2 Mgmt. & Service Fee Income € billion € billion, % € million, % +15% +17% 500 0,65% vs vs +19% 450 0,60% 2024 2024 400 +19% CAGR22-25 0,55% vs dec-
Slide 49: Brokerage and Custody activity
Results A.1 03. Brokerage and Custody activity Customer Off-Balance sheet AuCs New acquisition trends € billion In thousands +32% +19% 22 increase vs dec-24 200 16 17 25 in 2025 12 180 160 20 140 120 15 +15% CAGR22-25 100 80 10 60 40 5 20 0 0 2022 2023 2024 2025 88 # new custody accounts 73 25 Broke
Slide 50: Glossary - Acronyms
A.2 Glossary - Acronyms Concept Definition ALCO Asset–Liability Committee RWAs Risk weighted assets AUCs Assets under custody AUMs Assets under management BoS / BoP Bank of Spain / Bank of Portugal, Central banks from Spain and Portugal respectively BKT Bankinter EPS Earnings per share CET1 Common E