Unicaja Banco, S.A. (UNJCF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us for our first quarter 2026 results presentation. First of all, I would like to confirm that earlier this morning, before the market opened, we published this presentation and the related financial information on the CNNV and our corporate website. Today, our Chief Financial Officer, Pablo, will be the one presenting the first quarter trends. The presentation will last approximately 20 minutes. and it will be followed by our usual Q&A session. Without further ado, I would now like to hand over to Pablo. Thank you very much, Jaime. I will start on page three, where we show the main highlights of the quarter. Starting with our business activity, I would like to highlight that business volumes have accelerated their growth rate to over 3% year-on-year. This progress has been supported by an almost 4% growth in customer funds and supported by an increase of almost 11% in balance sheet funds, mainly mutual funds, where we are showing a 17% year-on-year growth, maintaining a 9% market share in net inflows. This improvement is is also supported by a 2.4% growth in total performing loans, which for the second consecutive quarter continued to accelerate their growth. Turning to profitability, net income for the quarter amounted to $161 million. Both net interest income and fees showed year-on-year growth, something that combined with lower provisions More than offset the mid-single-digit increase in total cost. The adjusted return on tangible equity remained at 12%, while the cost-to-income ratio stood at 46%. Asset quality remained strong. The net MPA ratio stood at just 0.7%. The NPL ratio continued its downward trend, reaching 2%, and its coverage further improved to 80%, significantly above the 70% reached a year ago. Th...