Commerzbank AG (CRZBF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Sie hören Musik durch der Konferenz. You will hear music until the chairperson will open the conference. You will hear music until the chairperson will open the conference. You will hear music until the chairperson will open the conference. You will hear music until the chairperson will open the conference. You will hear music until the chairperson will open the conference. You will hear music until the chairperson will open the conference. Regarding the first quarter results 2026. Please note that this call is being transmitted as well as recorded by audio webcast and will subsequently be made available for replay in the internet. At this time, all participants have been placed on the listen-only mode. The floor will be open for questions following Bettina Orloff's and Carsten Schmidt's presentations. Let me now turn the floor over to our CEO, Bettina Orloff. Good morning, everyone, and welcome to our earnings call. Carsten and I are pleased to present the results of a very good start to the year for Commerzbank. we have delivered a record quarterly profit, which gives us the confidence to raise our outlook for 2026 and to present an even more ambitious strategic path towards 2030. Our message today is clear. With momentum, we are delivering on our promises. And with momentum 2030, we are accelerating our transformation to deliver higher profitability faster. Let's start with a summary of the key figures for the quarter. we increased our revenues to 3.2 billion euros and delivered a record net result of 913 million euros. The 5% year-on-year growth in our total revenues was broad-based, demonstrating the health of our underlying client business. This top-line growth, combined with our strict cost discipline, translated into an even stronger 11% increase in our opera...