Slide 1: 1Q26 Results
1Q26 RESULTS 30 April 2026
Slide 2: Disclaimer
Disclaimer The purpose of this presentation is purely informative and should not be considered as a detected. Moreover, in reproducing these contents by any means, CaixaBank may introduce service or offer of any financial product, service or advice, nor should it be interpreted as, an any changes it
Slide 3: Highlights
CONTENTS Highlights 3
Slide 4: Sustained momentum into 2026
Sustained momentum into 2026 1Q26 Highlights » Volume growth continues at high pace (business volume(1) up c.7% yoy) 1Q26 Net income €1,572 M » Positive revenue trends: NII in line with guidance; Revenues from services(1) +7.5% yoy +7.0% yoy+5.2% qoq » Best-ever asset quality (1.98% NPL; 79% covera
Slide 5: The Iberian economies have started 2026 on a solid footing
Highlights The Iberian economies have started 2026 on a solid footing –facing a more uncertain backdrop with resilience and sustained outperformance Post-Iran GDP forecasts still at ~2% yoy across our core economies – with the Spanish economy >2% Higher interest rate expectations 2026e Real GDP, % y
Slide 6: Strong operating momentum – with sustained growth in clients and volume
Highlights Strong operating momentum – with sustained growth in clients and volume Growing number of clients With a larger relational base Steady volume growth # of clients in Spain, millions # of relational indiv. clients (2) in Spain, millions Business volume (2) , €Bn +c.0.4 Million +c.0.3 Millio
Slide 7: Swift and continuous AI advances – to drive growth, efficiency, and resilience
Highlights Swift and continuous AI advances – to drive growth, efficiency, and resilience SWIFT GEN-AI DEPLOYMENT AT SCALE TO DRIVE: STEADY ROLLOUT – selected examples of initiatives launched in 2026 AI ALREADY DELIVERING TANGIBLE VALUE » Smarter and streamlined AI-driven digital onboarding Rated ba
Slide 8: Continuous loan growth across all core segments
Highlights Continuous loan growth across all core segments –despite usual adverse seasonality in Q1 PERFORMING LOANS(1) o/w: 31 March 2026 RESIDENTIAL MORTGAGES CONSUMER LENDING BUSINESS LENDING €380 Bn +6.7% yoy +1.4% qoq +12.3% yoy +2.7% qoq +8.8% yoy +2.0% qoq +7.2% yoy Performing residenti
Slide 9: Customer funds up 6.3% yoy
Highlights Customer funds up 6.3% yoy Holding up well qoq amid market volatility and deposit seasonality CUSTOMER FUNDS(1) o/w: MARKET SHARES IN SPAIN 31 March 2026 WEALTH MANAGEMENT(2) DEPOSITS & OTHERS(3) WM(5) DEPOSITS(6) €734 Bn +9.3% yoy +0.1% qoq +4.4% yoy +0.4% qoq 29% 25% (+1.0% ex m
Slide 10: Continuous growth in Wealth Management – supported by resilient net inflows
Highlights Continuous growth in Wealth Management – supported by resilient net inflows Sustained growth in WM balances… …with support from positive net inflows… …despite strong market volatility WM(1) avg. balances, rebased to 100 = FY25 avg. 1Q26 net inflows into WM(1) (ex market effects) VIX index
Slide 11: Double-digit protection insurance growth – driven by commercial dynamism
Highlights Double-digit protection insurance growth – driven by commercial dynamism PROTECTION INSURANCE Positive production dynamics bolstered by innovative offering and loan origination Rising weight of MyBox PREMIUMS(1) New protection insurance premiums breakdown by segment(2), 1Q26 ttm in €M and
Slide 12: Navigating volatility from the strongest position in over 15 years
Highlights Navigating volatility from the strongest position in over 15 years CaixaBank CORE ECONOMIES BETTER SHIELDED from Middle East- related energy risks SOUND CLIENTS’ FINANCIALS – The lowest private sector Reinforced scale Strong Contained leverage in 25 years and leadership balance sheet risk
Slide 13: P&L and balance sheet
CONTENTS P&L and balance sheet 13
Slide 14: Net income grows yoy and qoq
P&L and Balance Sheet Net income grows yoy and qoq –confirming earnings resilience amid seasonality and market volatility CONSOLIDATED INCOME STATEMENT – €M and % REVENUES 1Q26 1Q25 % yoy % qoq Net interest income 2,662 2,646 +0.6% -2.0% NII in line with guidance: up yoy; qoq affected by seasonal
Slide 15: BPI: profitable growth while accelerating digital transformation
P&L and Balance Sheet BPI: profitable growth while accelerating digital transformation Business volume growth Broad-based market share gains Accelerating transformation Business volume(3,4), €Bn Market share in Portugal(6), % and in bps while digital banking gains relevance yoy 67.2 70.9 49.5 Mo
Slide 16: NII returns to growth yoy – with sequential qoq growth expected from now on
P&L and Balance Sheet NII returns to growth yoy – with sequential qoq growth expected from now on NII resumes growth yoy QoQ NII BRIDGE , €M €M YoY up as volumes and ALCO begin to offset impact from yields 2,646 (330) +191 2,662 2,715 (28) (37) +6 +6 2,662 QoQ affected by lower day-count and oth
Slide 17: Solid deposit trends continue to support NII outlook
P&L and Balance Sheet Solid deposit trends continue to support NII outlook Volumes up yoy, steady mix improvement, and cost of remunerated deposits stable at low levels Steady growth in non-interest-bearing balances Total deposits breakdown(1), average quarterly balance, €Bn Interest-bearing YIELDS
Slide 18: Revenues from services grow 7.5% yoy
P&L and Balance Sheet Revenues from services grow 7.5% yoy on the back of WM, protection insurance, and CIB – qoq affected by seasonality Revenues from services(1) €M 1Q26 breakdown by main category 1Q26 +7.5% WEALTH Strong growth yoy driven by 39% 24% MANAGEMENT higher managed balances +1 pp yoy
Slide 19: Costs evolve in line with guidance – keeping efficiency well ahead of peer average
P&L and Balance Sheet Costs evolve in line with guidance – keeping efficiency well ahead of peer average Operating costs Cost-to-income at low levels… €M % recurrent C/I(1) 1,620 1,617 1,652 1,580 1,599 54.0% +4.6% yoy 41.6% 39.6% +2.2% qoq 1Q25 2Q25 3Q25 4Q25 1Q26 2014-21 avg. 2022-25 avg. Mar-26 t
Slide 20: Credit quality stronger than ever
P&L and Balance Sheet Credit quality stronger than ever Record-low %NPL, record-high coverage, and CoR broadly stable at very low levels Lower NPLs and record-low % NPL CoR broadly stable at reduced levels NPLs(1) (€Bn) and % NPL(1) % NPL by segment, 31 March 2026 CoR ttm (%) Peer avg. – Spain(2) 2.
Slide 21: Ample liquidity buffers – keeping regulatory ratios well above peers
P&L and Balance Sheet Ample liquidity buffers – keeping regulatory ratios well above peers Strong liquidity 194% 145% 16.0% 87.6% €45 Bn metrics % LCR(1) % NSFR % ASSET % LtD COMMERCIAL GAP(2) ENCUMBRANCE 31 March 2026 (eop) Solid liquidity sources Liquidity ratios well above peers Strong and stable
Slide 22: Comfortable MREL position – with well-advanced execution of 2025-27 issuance plan
P&L and Balance Sheet Comfortable MREL position – with well-advanced execution of 2025-27 issuance plan MREL structure vs. requirements 2025-27 issuance plan: over halfway executed PF Group MREL stack as at 31 March 2026(1) vs. requirements(2), % of RWAs Issues by instrument (CABK ex BPI), €Bn equiv
Slide 23: Strong capital accretion supports growth and returns
P&L and Balance Sheet Strong capital accretion supports growth and returns % CET1 already above target – with new €500 M 8th SBB fully deducted from solvency ratios Strong and sustained earnings-driven organic generation % CET1 qoq(1), % and bps DRIVING UP SHAREHOLDER VALUE BVPS eop(4), € DPS paid a
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 Up 5% 2026 % Cash payout target from services +5.4% yoy 50-60% Operating €6,415 M Up 4.5% costs +5.0% yoy 2026 % CET1 threshold for additional
Slide 25: Appendix
CONTENTS Appendix A1. FY27e Ambition A2. 1Q26 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 – reiterated
A1. FY27e Ambition 2025-27e ambition and capital targets – reiterated 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%
Slide 27: Interest rate sensitivity management
A2. 1Q26 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) % of interest-bearing STRUCTURAL DEPOSIT HEDGES (5) NON-INTEREST-BEARING DEPOSITS WITH STRUCTURAL HEDGE
Slide 28: Wholesale funding: back-book volumes, costs and maturities
A2. 1Q26 Supplementary information Wholesale funding: back-book volumes, costs and maturities WHOLESALE FUNDING COSTS AFFECTING NII WHOLESALE MATURITIES (2) Group ex BPI, as at 31 March 2026 Group ex BPI, as at 31 March 2026 Volumes − Wholesale funding back-book volumes(1), €Bn 2026 2027 2028 >2028
Slide 29: Fair value of assets and liabilities measured at amortised cost
A2. 1Q26 Supplementary information Fair value of assets and liabilities(1) measured at amortised cost ASSETS(2) LIABILITIES(2) As at 31 March 2026, €Bn As at 31 March 2026, €Bn FV – Carrying Carrying Fair Carrying Fair Carrying amount – amount Value (FV) amount Value (FV) amount FV(3) Loans and adva
Slide 30: Group customer loans and funds
A2. 1Q26 Supplementary information Group customer loans and funds LOAN BOOK CUSTOMER FUNDS Breakdown, €Bn Breakdown, €Bn 31 Mar 26 % yoy % qoq 31 Mar 26 % yoy % qoq I. Loans to individuals 188.6 +5.7% +1.1% I. On-balance-sheet funds 526.4 +5.3% +0.3% Residential mortgages 143.3 +5.8% +1.2% Deposits
Slide 31: Customer loans – additional information
A2. 1Q26 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 31 March 2026: breakdown by date of origination, % of total 1Q26 1Q25 % of total by origination date Curr
Slide 32: Additional information on imagin
A2. 1Q26 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 focuses on younger, digitally
Slide 33: Revenues breakdown: by nature and service provided vs. by accounting heading
A2. 1Q26 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 1Q26 €M 1Q26 Net interest income 2,662 (a) Net interest income 2,662 (a) Net fees and
Slide 34: Revenues from services: breakdown
A2. 1Q26 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 % 1Q26 % yoy % qoq 1Q26 % yoy % qoq 1Q26 % yoy % qoq
Slide 35: Sustainability: 1Q26 highlights
A2. 1Q26 Supplementary information Sustainability: 1Q26 highlights 2025-2027 SUSTAINABILITY PLAN: PRIORITIES AND KEY TARGETS Evolution of main KPIs vs. target, 31 March 2026 End-of-period Target OTHER HIGHLIGHTS cumulative figure • Continued PRI recognition; VidaCaixa, CaixaBank AM 1. ADVANCING TOWA
Slide 36: IFRS9 Scenarios and CoR sensitivities
A2. 1Q26 Supplementary information IFRS9 Scenarios and CoR sensitivities IFRS 9 Scenarios(1) SPAIN PORTUGAL CoR sensitivities(2) Δ Cum. Δ Cum. 2025 2026E 2027E 2028E 2025 2026E 2027E 2028E 2026E-28E 2026E-28E Base case (60%) -1 pp in GDP +4 bps Real GDP (% yoy) 2.8 2.0 1.9 1.7 5.7 1.9 2.0 2.0 2.0
Slide 37: Group P&L − €M
A3. P&L: Group, by perimeter, and by segment Group P&L − €M 1Q26 4Q25 3Q25 2Q25 1Q25 Net interest income 2,662 2,715 2,674 2,636 2,646 Revenues from services , o/w: (1) 1,374 1,383 1,302 1,303 1,278 Wealth management 536 527 511 483 490 Protection insurance 326 321 298 287 287 Banking fees 512 535 4
Slide 38: Income statement by perimeter − €M
A3. P&L: Group, by perimeter, and by segment Income statement by perimeter − €M 1Q26 % yoy 1Q26 CABK % yoy 1Q26 BPI % yoy Net interest income 2,662 +0.6% 2,445 +0.8% 217 -1.9% (1) Revenues from services , o/w: 1,374 +7.5% 1,295 +7.6% 79 +4.5% Wealth management 536 +9.5% 519 +9.4% 17 +13.2% Protectio
Slide 39: Income statement by segment − €M
A3. P&L: Group, by perimeter, and by segment Income statement by segment − €M Bancassurance BPI Corporate center 1Q26 % yoy 1Q26 % yoy 1Q26 % yoy SEGMENT REPORTING FROM 1Q22 Net interest income 2,431 +1.6% 209 -3.2% 21 -41.0% (2) Revenues from services , o/w: 1,295 +7.6% 79 +5.3% (1) Wealth manageme
Slide 40: Credit ratings
A4. Ratings Credit ratings Improved vs. Dec-25 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 7 October 2025 A- F1 positive A A- BBB - A (high) R-1 (middle) stable
Slide 41: 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: very high 5 4 3 2 1 Transparency level Decile rank: #1 Very low Low Medium High Very h
Slide 42: Glossary (I/IV)
A5. Glossary Glossary (I/IV) 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 the
Slide 43: Glossary (II/IV)
A5. Glossary Glossary (II/IV) Term Definition Term Definition €Bn ǀ €M Billion euros ǀ Million euros. INE Instituto Nacional de Estadística. Spain. €STR Euro Short Term Rate. Insur. Abbreviation of insurance. ECB European Central Bank. It includes the accrual of the margin on savings insurance contr
Slide 44: Glossary (III/IV)
A5. Glossary Glossary (III/IV) Definition Term Definition New lending New mortgages, consumer and business loans in Spain. P# Abbreviation of Peer #. NFC Non-financial corporation. P2R Pillar 2 Requirement. Net interest income. Under IFRS 17, it continues to consider revenues from financial Payout P
Slide 45: Glossary (IV/IV)
A5. Glossary Glossary (IV/IV) Term Definition Term Definition SRT Significant Risk Transfer. TGSS Tesorería general de la seguridad social. Spain. SSA Sovereign, supra-national, and agencies. Subordinated MREL: Minimum Requirement for own funds and Eligible Liabilities to absorb Gains/(losses) on fi
Slide 46: mas
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