Unicaja Banco, S.A. (UNJCF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning to everyone, and thank you very much for attending our three-quarter 2025 results presentation. This morning, before the market opened, we published this presentation along with the rest of the usual financial information at the CNMV and on our corporate website. For this presentation, we have today our Chief Financial Officer, Pablo González. As usual, the presentation will last around 20 minutes, and it will be then followed by the regular Q&A. So without further delay, I will give the door to Pablo. Thank you very much, Jaime. I will start on page three, where we show the main highlights of the quarter. Starting with the commercial activity, I would like to highlight that business volumes continue to improve 2% year-on-year, supported by stable loans and deposits and a significant growth of balance sheet funds, mainly in mutual funds, where we are growing an impressive 24% year-on-year, making 9% of net inflows market share. Total performing loans have stopped declining, and as you can see, They were stable in the year-on-year terms, supported by a 39% increase in new lending. Regarding profitability, gross margin grew by 4%, while total provisions fell 19%, leading to a net profit of 503 million in the first nine months of the year. That is 11.5% above the first nine months of 2024. This is quite positive because I would like to remind you that a bit more than one year ago, when we presented our 2027 strategic plan, we explained to you that the initial idea was to reach a net income above 500 million in each of the three years of the plan. And we have already reached that target in the first nine months of the first year. This improvement has also allowed us to reach a return on tangible equity adjusted by the excess of capital higher than 12%, while...