Slide 1: Earnings Presentation 1H2025
Earnings Presentation 1H2025 24th of July 2025
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 factors may cause
Slide 3: Agenda
/01 /02 Highlights Results & AGENDA Solvency /03 /04 Geographies & Closing Businesses Remarks 3
Slide 4: Highlights
/01 Highlights 4
Slide 5: Net profit €542M ROTE 19,5%
Highlights .1 Accelerated growth & earnings momentum. Margins hold strong. vs 1H24 +9% CUSTOMER VOLUMES1 Uplift in customer volumes +6% +6% +18% CUSTOMER LENDING RETAIL DEPOSITS AUMs 1H25 Resilience in margins 2,73% 1,83% CUSTOMER MARGIN NIM vs 1H24 +6% GROSS OPERATING INCOME Strength in fee & reven
Slide 6: Strong customer volume trends
.1 01. Highlights +9% Strong customer volume trends +€19Bn Commercial ambition continues to drive long-term growth vs jun-24 By category By geography By new origination € billion, % variation vs jun-24 % customer volumes, % variation vs jun-24 % YTD, % variation vs jun-24 AUMs +18% Spain +8% Mortgag
Slide 7: Earnings inflection point. Net interest income increases 4%
Highlights .1 01. Earnings inflection point. Net interest income increases 4%. Fees supporting income growth Net interest income Core revenues Gross operating income € million € million € million -1% +6% 1.502 1.481 +2% 1.494 1.410 342 380 +4% 550 560 541 1.160 1.101 4Q24 1Q25 2Q25 1H24 1H25 1H24 1H
Slide 8: Digital transformation driving efficiency: AI and Cloud
Highlights .1 01. Digital transformation driving efficiency: IA and Cloud catalysts for scalability & productivity improvements Productivity by employee 45 Costs to customer volumes Customer volumes / Employees (€ million) 4,8 € Operating expenses / Customer volumes (€ million for each € billion) 40
Slide 9: Record profitability, strengthened by efficiency and asset quality levels
Highlights .1 Record profitability, strengthened by efficiency and asset quality levels 19,5% ROTE Cost-to-income ratio NPL & Coverage ratios ROE 12-month periods European peers1 Cost-to-income ratio: 20,0% 69% 70% 70,0% 47,8% 18,0% 65% 18,4% 16,0% 65,0% 37,3% 14,0% 17,9% 12,0% 60,0% 4º quartile out
Slide 10: Results & Solvency
/02 Results & Solvency 10
Slide 11: Solid P&L results
Results & Solvency .2 Solid P&L results Bankinter Group € million 1H25 1H24 Dif. € Dif. % Net interest income 1.101 1.160 -59 -5% Net fees 380 342 +38 +11% Other income / expenses 13 -92 +105 n.a. Gross operating income 1.494 1.410 +84 +6% Operating expenses -536 -481 -55 +11% Pre-provision profit 9
Slide 12: Increasing NII driven by significant reduction in cost of deposits
Results & Solvency .2 Increasing NII driven by significant reduction in cost of deposits Net interest income Customer margin & NIM € million quarterly in % Cost of deposits +4% -23bps vs 1Q25 vs 1Q25 4,41 4,33 4,14 3,95 3,71 3,01 2,86 2,74 2,74 2,73 2,06 1,92 1,87 1,84 1,83 583 568 550 560 1,40 1,47
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 Size as of jun-25 Difference € billion 20,0 +16% Amount (€Bn) 14,2 0,5 14,7 +2,0 18,0 vs jun-24 16,0 Duration (years) 5,1 1,5 4,9 -0,2 14,0 12,0 Avg. maturity (years) 9,6 1,7 9,3 +0,5 10,0 8,0
Slide 14: Continued strength in fee dynamics
Results & Solvency +11% .2 Continued strength in fee dynamics Net Fees vs 1H24 Net fees Gross fees received € million vs 1H24, € million % Fees received Management & 249 +13% 53% Brokerage 40% Transactional 192 +2% 380 342 303 1 Insurance 33 +6% 7% 1 Including additional income from the insurance JV
Slide 15: Other income & expenses
Results & Solvency .2 Other income & expenses Bankinter Group € million 1H25 1H24 Dif. € Dif. % Equity method 21 12 +9 +77% Trade income/losses & Dividends 37 30 +7 24% Regulatory charges -16 -111 +95 n.a. o/w banking tax 0 -95 +95 n.a. Other operational income/losses -29 -22 -7 +25% Total 13 -92 +1
Slide 16: Reduced seasonality and stability in operating expenses
Results & Solvency 36% .2 Reduced seasonality and stability in operating expenses Cost-to- income ratio 1H25 Operating expenses € million +2% / +€4M vs 2024 quarterly average €263M 2024 quarterly average 309 249 263 269 267 232 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Operating expenses Average quarterly expen
Slide 17: Operating expenses breakdown
Results & Solvency .2 02. Operating expenses breakdown By geography By type % vs 1H24, € million % vs 1H24, € million +15% +15% +4% +1% 59 26 44 175 536M € 536M € +11% +19% 451 316 Spain Portugal Ireland Personnel expenses Admin expenses Amortization 17
Slide 18: Improvements in cost of risk and provisions
Results & Solvency .2 Improvements in cost of risk and provisions Credit risk Other provisions % of eligible risk, columns in € million % of eligible risk, columns in € million 0,40% 250 0,45% 250 0,45% 0,38% 0,40% 0,40% 200 0,32% 0,35% 200 0,35% 0,30% 0,30% 150 150 0,25% 0,25% 0,20% 0,20% 100 100 1
Slide 19: Return to historical quarterly profits
Results & Solvency .2 Return to historical quarterly profits Profit before taxes Net profit € million € million ~ 0% ~ 0% vs 2Q24 vs 2Q24 389 367 378 387 277 273 258 270 272 222 2Q24 3Q24 4Q24 1Q25 2Q25 2Q24 3Q24 4Q24 1Q25 2Q25 19
Slide 20: Credit risk and asset quality
Results & Solvency .2 Credit risk and asset quality NPLs, NPL ratio & coverage ratio Asset quality1 € billion and in % NPL by region vs last sector data -3bps NPL ratio vs. +6% eligible risk vs jun-24 3,2% 68% 69% 70% 2,4% 2,4% 1,90 1,98 1,88 1,3% 1,0% 0,3% 2,17% 2,11% 2,14% jun-24 dec-24 jun-25 Bk
Slide 21: Solid liquidity metrics
Results & Solvency .2 02. Solid liquidity metrics Liquidity gap Wholesale funding maturities € billion € million 0 -2 -4,5 -3,9 -4,8 -4 -6 4.550 jun-24 dec-24 jun-25 Loan to Deposits 1.632 1.100 1.024 In % 2025 2026 2027 2028 2029 ≥2030 95,6% 94,7% 97,3% HQLAs 12M average €21,1Bn Liquid Assets €35,9
Slide 22: Strong capital & solvency ratios
2025 Capital Results & Solvency .2 Strong capital & solvency ratios Pillar II (P2R) Capital Requirement 1,30% 4º lowest out of 110 CET1 ratio European entities CET1 % 12,57% Buffer +4,63% 0,59 12,58 0,13 12,57 Regulatory Min. 7,94% 12,41 -0,34 -0,08 -0,14 +25pbs organic generation Leverage ratio 5,1
Slide 23: Geographies & Businesses
/03 Geographies & Businesses 23
Slide 24: Robust commercial activity and revenues across regions
Geographies & Businesses .3 03. Robust commercial activity and revenues across regions Customer volumes Gross operating income % customer volumes, % variation vs jun-24 % contribution, % variation vs 1H24 +20% +11% 2% +3% 4% +15% 10% 12% +8% +6% 88% 84% Spain Portugal Ireland Spain Portugal Ireland
Slide 25: Spain
Geographies & Businesses .3 03. Spain Business KPIs P&L € million 1H25 1H24 Dif. % €68Bn Net interest income 904 972 -7% Customer lending +4% YoY Retail Banking Corp. & SME banking Net fees 337 300 +12% €34bn +4% €33bn +6% Other income / expenses 20 -85 n.a. €78Bn Gross operating income 1.261 1.187
Slide 26: Portugal
Geographies & Businesses .3 Portugal Business KPIs P&L € million 1H25 1H24 Dif. % €11Bn Net interest income 142 140 +1% Customer lending +11% YoY Retail Banking Corp. & SME Banking Net fees 39 37 +4% €7,2Bn +12% €3,5Bn +8% Other income / expenses -3 -4 -40% €10Bn 1 Gross operating income 178 173 +3%
Slide 27: Ireland
Geographies & Businesses .3 Ireland Business KPIs P&L € million 1H25 1H24 Dif. % Net interest income €4Bn 55 48 +15% Customer lending +20% YoY Net fees 5 5 +5% Mortgages Consumer Other income / expenses -5 -3 +74% €3Bn +22% €1Bn +13% Gross operating income 55 50 +11% +6% Costs 2Q vs Operating expens
Slide 28: Corporate & SME banking growth acceleration
Geographies & Businesses .3 Corporate & SME banking growth acceleration Customer lending International Business segment size & growth (Spain) € billion +6% New origination Customer lending % of origination YTD % of total, % increase vs jun-24 vs jun-24 37% +14% 32% 63% 68% +2% 36 Domestic Internatio
Slide 29: Wealth Management: growth reflects the high-quality customer base
Geographies & Businesses .3 Wealth Management: growth reflects the high-quality customer base +€9Bn Incremental wealth Customer wealth1 In 2025 € billion ~ 50% ~ 50% Net new Market money effect +13% / +€16Bn 138 129 122 61 57 53 68 72 77 jun-24 dec-24 jun-25 Private Banking Retail Banking 1 Customer
Slide 30: Retail Banking: mortgage activity and strong account gathering
Geographies & Businesses .3 Retail Banking: increased trends in mortgage activity and strong account gathering Salary & 100% Digital accounts New mortgage origination Mortgage Backbook Thousand of accounts € billion € billion Market share Spain +3% Sector 4 +2% Spain1 Portugal2 Ireland3 +7% 6% 6% 6%
Slide 31: €143Bn Off Balance sheet volumes, leading the sector in growth
.3 03. Geographies & Businesses €143Bn Off Balance sheet volumes, leading the sector in growth +€19Bn / +15% AUMs + AUCs vs jun-24 AUMs c. 60bps p.a. in fees AUCs1 c. 8bps p.a.in fees € billion € billion 80 vs jun-24 71 73 +7% 62 vs jun-24 26 58 25 53 24 +19% 36 34 31 54 +16% 47 48 +17% 22 24 26 jun
Slide 32: Closing Remarks
/04 Closing Remarks 32
Slide 33: Generating value through compounding investment in profitable organic growth
Closing Remarks .4 04. Generating value through compounding investment in profitable organic growth Tangible Book value + Net profit Dividends approved in the period ROE € million € per share Last twelve months 19,5% +30% +23% ROTE +14% +11% 18,4% 6,82 0,27 17,9% 6,16 0,22 5,54 0,18 17,1% 542 473 41
Slide 34: +9% / €231Bn in Customer volumes
Closing Remarks .4 1H25 +9% / €231Bn in Customer volumes s/ jun-24 Customer volumes vs jun-24 Results vs 1H24 Customer Retail Gross operating Pre-provision Net profit AUMs lending deposits income profit €83Bn €86Bn €62Bn €1,494M €958M €542M +6% +6% +18% +6% +3% +14% NII Fees -5% +11% Ratios Value NP
Slide 35: Bankinter
Bankinter | 60 years of profitable growth. Presence in 4 >10 billion Aspiring to One of the most The most countries and euros market break the billion profitable, profitable listed growing with capitalization. euros glass solvent and Spanish bank in international ceiling in net efficient banks the l
Slide 36: Results 1H2025
24thJULY 2025 Results 1H2025 36
Slide 37: Appendix
Appendix /01 /02 Results Solvency /03 /04 Geographies & Glossary Businesses 37
Slide 38: A.1 2Q25 Profit & Loss Summary
Results A.1 2Q25 Profit & Loss Summary Bankinter Group € million 2Q25 1Q25 Dif. € Dif. % 2Q24 Dif. € Dif. % Net Interest Income 560 541 +20 +4% 583 -22 -4% Net Fees & Commissions 192 188 +4 +2% 176 +16 +9% Other Income/Expenses 10 3 +7 n.a. -7 17 n.a. Gross Operating Income 763 732 +31 +4% 752 +11 +
Slide 39: A.1 Deposit structure
Results A.1 Deposit structure 76% Maturing 3Q25 Deposit “Mix Shift” Deposit maturity profile Quarterly evolution avg. 12M Euribor, Deposits 100% staked bar chart 100% stacked bar, representing % of fixed term customer deposits and indexed sight deposits 100% 8% 4,00% 90% 20% 9% 5% 4% 6% 8% 5% 5% Tim
Slide 40: A.1 ALCO Portfolio
Results A1. A.1 ALCO Portfolio ALCO breakdown (as of jun-25) Maturities (as of jun-25) In % € million 84% 10.513 Fixed Rate 12% 25% 14,7Bn€ 63% 1.681 853 911 295 417 Spanish Sovereign Other Sovereign Other 2025 2026 2027 2028 2029 ≥2030 40
Slide 41: A.2 Strong capital & solvency ratios
2025 Capital Solvency A.2 Strong capital & solvency ratios Pillar II (P2R) Capital Requirement 1,30% 4º lowest out of 110 CET1 ratio European entities CET1 Movements 2Q25, in % 12,57% Buffer +4,63% 0,29 Regulatory Min. 7,94% 0,08 12,57 0,01 12,49 12,35 -0.16 Leverage ratio +13bps organic generation
Slide 42: A.2 Minimum Requirement for own funds and eligible liabilities
Solvency A.2 Minimum Requirement for own funds and eligible liabilities MREL ratio % RWAs (TREA) 26,5% 2,9% 22,8% Requirement + CBR: 23,0% 1,3% Requirement + CBR: 20,9% 6,4% 5,0% 2,9% 2,5% Subordination Subordination 1,8% 21,5% 23,7% 1,6% 12,4% 12,6% jun-24 jun-25 CET1 AT1 Tier 2 Senior non-preferre
Slide 43: A.3 AUMs: Well diversified asset classes
Geographies & Businesses A.3 03. AUMs: Well diversified asset classes Customer Off-Balance Sheet AUMs Mutual and pension funds diversification € billion %, jun-25 +18% vs jun-24 Alternative Investment and others; 17% 62 58 Equities; 22% 53 Monetary funds; 8% Mixed; 21% Fixed income; 32% jun-24 dec-2
Slide 44: A.4 Glossary - Acronyms
A.4 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