Bankinter Sa · BME:BKT
Bankinter Sa — 9M2026 Earnings Presentation
44 slides from Bankinter Sa's earnings presentation, Oct 22, 2026
Slide 1: Earnings Presentation 9M2026
Earnings Presentation 9M2026 22nd October 2026
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
Highlights /01 Results & solvency /02 Businesses & geographies /03 Outlook & growth /03 priorities /04 Agenda 3
Slide 4: Highlights
Highlights a a
Slide 5: Profitable growth and disciplined execution deliver strong shareholder value creation
Highlights .1 Profitable growth and disciplined execution deliver strong shareholder value creation Grow better Execute better Create more value +7% vs sep-25 34,8% 9M26 €901M +11% vs 9M25 Customer volumes Cost-to-income ratio Net profit 9M26 +6% vs 9M25 1,84% sep-26 20,4% +108bps vs sep-25 Gross op
Slide 6: Diversified organic growth
Highlights .1 01. Diversified organic growth Customer volumes1 Volume breakdown By geography €Bn €Bn % of customer volumes, % and € vs sep-25 Customer lending +6% 2% +7% / +€16Bn 87 83 84 11% sep-25 dec-25 sep-26 Customer funds +7% / +€16Bn +8% 96% 95% 98% 250 241 95% 200 151 157 163 90% 234 150 85%
Slide 7: Solid net interest income growth and resilience in margins
Highlights .1 01. Solid net interest income growth and resilience in margins Good performance regardless of environment Good Customer margin management with record NII € million € million and % +2% +6% 602 15,00% 600 589 13,00% 11,00% 570 571 580 566 560 9,00% 560 7,00% 1.762 541 540 2025 2026 5,00%
Slide 8: Disciplined execution supporting sustainable value creation
Highlights .1 Disciplined execution supporting sustainable value creation Structural efficiency Differential asset quality Strong capital generation Efficiency ratio: annual and period 3,0% 69% 68% 70,0% 36,3% 67% 13,2% 36,1% 2,8% 65,0% 2,6% 12,7% 60,0% 2,4% 12,4% 34,8% 55,0% 2,2% 2,11% 2,0% 1,94% 5
Slide 9: AI strengthens our differentiated model and supports profitable growth
10% + Highlights Technology .1 AI strengthens our differentiated model and supports profitable growth Investment % of gross revenue “AI First” Transformation Scaling AI Capabilities Strategy & Capabilities Advanced AI models Gen AI systems Adoption & Scaling >150 o Strategic programs o Corporate tra
Slide 10: Compounding shareholder value over time
Highlights .1 04. Compounding shareholder value over time High and sustained ROTE Increasing EPS Shareholder value generation Last twelve months € per share YTD TBV + dividends paid since sep-25. In € +1pp +11% +15% 7,81 0,62 6,78 20,4% 0,97 0,87 7,19 19,4% 6,78 sep-25 sep-26 sep-25 sep-26 sep-25 se
Slide 11: Results & solvency
Results & solvency 11
Slide 12: Solid results with increasing revenues and contained expenses
Results & solvency .2 Solid results with increasing revenues and contained expenses € millions 3Q26 vs. 3Q25 vs. 2Q26 9M26 vs. 9M25 Net interest income 602 6% 2% 1.762 6% Net fees and commissions 210 7% (11%) 651 13% Other (18) n/a n/a (15) n/a Gross operating income 795 5% (4%) 2.397 6% Operating e
Slide 13: Positive NII development driven by volumes and margin discipline
Results & solvency 2,7% .2 Customer Positive NII development driven by volumes and margin discipline margin 9M26 NII evolution Customer margin & NIM € million % +6,3% 3,51 3,58 +2,1% 3,49 3,48 3,48 2,65 2,61 2,68 2,71 2,71 1,72 1,76 1,76 1,75 1,75 602 589 Δ 570 571 566 0,84 0,87 Δ 0,81 0,80 0,86 3Q2
Slide 14: Growing fee income supports revenue diversification
Results & solvency .2 Growing fee income supports revenue diversification Net fees: sustainable positive trends Mix of recurring received fee streams € million € million 9M26, YoY variation % Fees +25% Received +13% Asset management & 464 +22% 57% brokerage 651 23 577 521 Transactional 293 0% 36% 2
Slide 15: Positive jaws continue to drive efficiency gains
Results & solvency .2 Positive jaws continue to drive efficiency gains Structural efficiency gains % variation in revenues and expenses during the period Cost-to-income ratio 6,5% 36,1% 34,8% 2025 9M26 5,0% 4,3% Disciplined expenses growth +4,2 pp % of total, % vs 9M25 2,3% 5% 12% 9% Personnel +1% S
Slide 16: Strong loan growth with stable risk costs
Results & solvency .2 Strong loan growth with stable risk costs Cost of risk Other provisions over total risk1, € million over total risk, € million 0,40% 0,40% 0,40% 300 300 0,33% 0,33% 0,35% 0,35% 250 250 0,30% 0,30% 200 200 0,25% 0,25% 150 0,20% 150 0,20% 262 244 240 0,15% 0,15% 100 100 0,10% 0,0
Slide 17: Earnings momentum reflects the strength of our business model
Results & solvency .2 Earnings momentum reflects the strength of our business model Profit before tax Net profit € million € million +17% +11% +23% +11% 1.267 1.143 1.083 901 812 731 9M24 9M25 9M26 9M24 9M25 9M26 17
Slide 18: Asset quality remains a clear differentiator across all geographies
Results & solvency .2 Asset quality remains a clear differentiator across all geographies Further improvement in NPLs with stable coverage NPL ratios remain well below sector levels € billion NPL ratio -21pbs Customer lending +6% vs sep-25 70% 69% 9M26 vs. 9M25 Last sector data 67% 2,05% 1,92% 1,84%
Slide 19: Strong liquidity and funding flexibility support growth
Results & solvency .2 02. 98% LTD Strong liquidity and funding flexibility support growth sep-26 168% LCR Last twelve months sep-26 Liquidity gap1 €Bn 4,4 5,1 2,3 2,9 2,6 9,3 -1,4 -5,3 sep-25 dec-25 mar-26 jun-26 sep-26 Liquidity buffer & issuance capacity Wholesale funding maturities €Bn at sep-26
Slide 20: Strong capital generation and resilience remain key differentiators
Results & solvency .2 Strong capital generation and resilience remain key differentiators 13,2% CET11 CET1 evolution in 9M26 Differential capital resilience Breakdown in % +74bps organic generation 0,91 13,18 EBA Stress test. CET1 impact (bps) in adverse scenario 12,72 -0,17 -0,16 -0,12 -56 Bankinte
Slide 21: Businesses & geographies
Businesses & geographies 21
Slide 22: Corporate & SME banking continues to outperform the market
Businesses & geographies .3 Corporate & SME banking continues to outperform the market Customer lending International business customer lending €Bn €Bn +16% +7% 12 11 10 sep-25 dec-25 sep-26 37 37 Customer lending growth 35 sep-26 vs sep-25 BKT Spain +7,6% Sector1 4,1% sep-25 dic-25 sep-26 1. BoS Ma
Slide 23: Retail banking: disciplined growth focused on margins and capital allocation
Businesses & geographies .3 Retail banking: disciplined growth focused on margins and capital allocation Mortgages evolution Consumer Finance evolution €Bn €Bn New origination +11% excl. OM +8% 5,7 6,0 1,8 1,6 1,6 1,3 1,1 1,6 1,5 0,2 1,4 1,1 1,1 1,3 1,2 1,4 0,3 0,4 2,2 2,4 1,1 0,4 sep-25 sep-26 0,7
Slide 24: Off-Balance Sheet: resiliency both in AUMs and AUCs
Businesses & geographies €172Bn .3 03. Off-Balance Sheet: resiliency both in AUMs and AUCs +€22Bn / +15% vs. sep-25 AUMs1 AUCs2 €Bn €Bn +€10Bn +€12Bn +15% ~ 60 bps p.a. +14% ~8 bps p.a. 95 96 84 88 27 28 75 76 25 66 69 25 32 33 28 29 62 67 68 59 38 40 43 43 sep-25 dec-25 jun-26 sep-26 sep-25 dec-25
Slide 25: Solid diversified growth in volumes and revenues across geographies
Businesses & geographies .3 03. Solid diversified growth in volumes and revenues across geographies Customer volumes1 Gross operating income Customer lending growth €Bn % total, % vs 9M25 % vs sep-25 +7% €16Bn 3,2% 3,2% 250 BKT Spain Sector 234 6 4% 4 26 13% 23 9,5% 8,7% +6% €2,4Bn BKT Portugal Sect
Slide 26: Spain
Businesses & geographies .3 03. Spain Customer volumes evolution P&L € billion Customer lending FY25: +3% | +€2Bn Sep-26 YoY: +3% | +€2Bn € million 9M26 vs. 9M25 69,4 Net interest income 1.419 4% 66,3 Net fees and commissions 575 13% dic-24 mar-25 jun-25 sep-25 dic-25 mar-26 jun-26 sep-26 Other (2)
Slide 27: Portugal
Businesses & geographies .3 Portugal Customer volumes evolution P&L € billion Customer lending FY25: +9% | +€1Bn Sep-26 YoY: +9% | +€1Bn 11,8 € million 9M26 vs. 9M25 Net interest income 240 13% 10,0 Net fees and commissions 67 13% Other income / expenses (5) n.a. Customer funds LtD 114% Gross operat
Slide 28: Ireland
Businesses & geographies .3 Ireland Customer volumes evolution P&L Sep-26 YoY: +26% | +€1Bn € million 9M26 vs. 9M25 FY25: +23% | +€1Bn Net interest income 103 21% 5,6 Net fees and commissions 7 (6%) Other income / expenses (7) 12% 3,9 Gross operating income 102 19% Operating expenses (44) 14% Cost-t
Slide 29: Outlook & growth priorities
Outlook & growth priorities 29
Slide 30: AI-First across all priorities
Outlook & growth priorities .4 Positioned for profitable growth and value creation Priorities 1) Selectively diversify across business segments & Volumes Disciplined growth geographies AI-First across all priorities Positive NII momentum 2) Strengthen customer centric model through core Revenues Sol
Slide 31: Sustainable value creation through the cycle
Outlook & growth priorities .4 04. Sustainable value creation through the cycle Combining franchise depth, scalable growth platforms and future earnings engine diversification Compounding the core franchise Scaling proven growth platforms Building future earnings engines Spain Portugal Netherlands C
Slide 32: Profitable growth and disciplined execution deliver strong shareholder value creation
Outlook & growth priorities .4 Profitable growth and disciplined execution deliver strong shareholder value creation Grow better Execute better Create more value +7% vs sep-25 34,8% 9M26 €901M +11% vs 9M25 Customer volumes Cost-to-income ratio Net profit 9M26 +6% vs 9M25 1,84% sep-26 20,4% +108bps v
Slide 33: Earnings Presentation 9M2026
Earnings Presentation 9M2026 22nd of October 2026
Slide 34: Appendix
Highlights /01 Results & solvency /02 Businesses & geographies /03 Outlook & growth /03 priorities /04 Appendix 34
Slide 35: 3Q26 P&L summary
Appendix A.2 3Q26 P&L summary € millions 3Q26 vs. 3Q25 vs. 2Q26 Net Interest Income 602 6% 2% Net Fees 210 7% (11%) Other (18) n/a n/a Gross Operating Income 795 5% (4%) Operating costs (283) 2% 3% Operating profit 511 7% (7%) Credit provisions and other provisions (97) (4%) (9%) Profit before taxes
Slide 36: ALCO bond portfolio continues to support NII momentum
Appendix A.2 ALCO bond portfolio continues to support NII momentum Limited balance sheet risk, predominantly fixed-rate, held-to-collect and moderate in size HTC FV Total vs. jun-26 vs. dec-25 ALCO Portfolio distribution as of sep-26 % of total 11% 83% Amount (€Bn) 15,7 1,2 16,9 +0,7 +1,9 Fixed Span
Slide 37: Other income and expenses
Appendix A.2 Other income and expenses € million 9M26 vs. 9M25 Equity method 36 0% Trading & dividend income 34 (15%) Subtotal 70 (8%) Other operational income/expenses (85) 25% Total (15) n.a. 37
Slide 38: Solid capital generation and differential resiliency
Appendix 13,2% A.2 1 Solid capital generation and differential resiliency CET1 sep-26 CET1 evolution in Q326 Differential regulatory resiliency Breakdown in % +42bps organic generation EBA Stress test. CET1 impact (bps) on adverse scenario 12,72 12,96 12,91 0,30 0,12 0,01 13,18 -56 Bankinter -0,16 M
Slide 39: Subordination: minimum requirement for own funds and eligible liabilities
Appendix A.2 Minimum requirement for own funds and eligible liabilities MREL ratio % RWAs (TREA) 27,49% 25,42% Requirement + CBR: Requirement + CBR: 3,78% 23,5% 2,91% 23,0% 6,06% 4,73% 2,99% 2,75% Subordination Subordination 1,85% 1,72% 22,5% 23,7% 12,94% 13,18% sep-25 sep-26 CET1 AT1 Tier 2 Senior
Slide 40: AUMs: Well diversified asset classes
Appendix +15% A.3 03. 10Bn€ AUMs: Well diversified asset classes YoY Customer Off-Balance Sheet AUMs Mutual and pension funds diversification €Bn %, sep-26 Sep-26 a/a: +15% | +10MM€ Alternative Investment and others; 6% FY25: +19% | +11MM€ 76 Monetary 75 Equities; funds; 69 69 6 28% 66 5 8% 62 5 5 5
Slide 41: Wealth management: outstanding franchise with strong inflows
Appendix A.3 Wealth management: outstanding franchise with strong inflows Wealth Management AUMs Inflows € billion € billion, % +38% +15% 5,0 76 3,8 2,6 66 sep-24 sep-25 sep-26 55 +13% 43 YoY Management & Service Fees Income 38 Annualized € million 0,65% 600 +21% 0,60% 32 500 YoY 0,55% 0,50% 400 0,4
Slide 42: Brokerage and Custody activity
Appendix A.3 03. Brokerage and Custody activity Customer Off-Balance sheet AuCs New custody accounts € billion In thousands +32% +14% 16 15 12 18 16 14 12 10 8 6 96 4 2 0 84 sep-24 sep-25 sep-26 73 28 Brokerage and custody income 25 Annualized € million 25 +5% 250,0 0,09% YoY 0,08% 200,0 68 0,07% 59
Slide 43: Bankinter Investment: sustained growth driven by scale and recurring income
Appendix A.3 Bankinter Investment: sustained growth driven by scale and recurring income 1 Gross operating income Alternative investments & vintage profile € million except for committed capital (€Bn) As of sep-26 5,1 5,3 5,4 6 350 4,0 4,6 5 32 Structured vehicles 292 3,2 + 20.000 300 Bankinter Inve
Slide 44: Glossary - Acronyms
A Glossary - Acronyms Concept Definition ALCO Asset–Liability Committee APMs Alternative performance measures 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 CAGR Compound annual growt