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Results presentation (1H25 Presentacion Resultados EN)

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Watch Bankinter Sa explain itBankinter, S.A. (BKIMF) Q2 2026 Earnings Call · Replay · Jul 23


Earnings Presentation 1H2025

24th of July 2025



Highlights





Geographies & Businesses

Results & Solvency

Closing Remarks



.1

Highlights

Accelerated growth & earnings momentum. Margins hold strong. Resilience in margins

vs 1H24

Uplift in customer volumes

1H25

vs 1H24

+6%

CUSTOMER LENDING

2,73%

CUSTOMER MARGIN

+9%

1H25

Net profit €542M

ROTE 19,5%

Last 12 months

CUSTOMER VOLUMES1

RETAIL DEPOSITS

+6%

+6%

+18%

AUMs

1,83%

NIM

Strength in fee & revenue results

-5%

NII

GROSS OPERATING INCOME

+11%

NET FEES

Best-in-class management ratios

1H25

36%

COST-TO-INCOME RATIO

2,14%



NPL RATIO

.1

+9%

+€19Bn

vs jun-24

Highlights

Strong customer volume trends

Commercial ambition continues to drive long-term growth

By category

€ billion, % variation vs jun-24

By geography

% customer volumes, % variation vs jun-24

By new origination

% YTD, % variation vs jun-24

AUMs +18%

Retail deposits +6%

Customer lending +6%

212

221

53

58

62

81

83

86

79

80

83

231

Spain +8%

Portugal +15%

Ireland +20%

2%

Mortgages +21%

Consumer -10%

Corp & SME +15%

10%

88%

27%

59%

14%

jun-24 dec-24 jun-25

01.

.1

Highlights

Earnings inflection point. Net interest income increases 4%.

Fees supporting income growth

Net interest income

€ million

Core revenues

€ million

Gross operating income

+6%

€ million

-1%

+2%

+4%

1.160

1.101

380

342

1.502 1.481

1.410 1.494

550

541

560

4Q24 1Q25 2Q25

1H24 1H25

NII
Net Fees

1H24 1H25

01.

.1

Highlights

Digital transformation driving efficiency:

IA and Cloud catalysts for scalability & productivity improvements

Productivity by employee Costs to customer volumes

Customer volumes / Employees (€ million) Operating expenses / Customer volumes (€ million for each € billion)

31

33

35

4,8 €

4,8 €

4,6 €

dec-23 dec-24 jun-25

dec-23 dec-24 jun-25

Cloud platform for IA models AI GEN Cases

New deployment, multiplying AI models' commercial productivity, prioritizing

Technological & customer migration from EVO to Bankinter completed.

Economies of scale

initiatives that promote scalability and better governance.

+20 new cases this year, with tangible impact on operational and commercial

efficiency, implemented in business segments and corporate services.

.1

Highlights

19,5%

ROTE

Record profitability, strengthened by efficiency and asset quality levels

Cost-to-income ratio

European peers1

Cost-to-income ratio: 47,8%

NPL & Coverage ratios

ROE

69%

70%

65%



12-month periods

17,9%

17,1%

4º quartile out of +100 European SIs



18,4%

37,3%

36,3%



35,9%

European SIs

out of +100

1st quartile

0,

2023 2024 1H25

2,1% 2,1% 2,1%



2023 2024 1H25

NPL ratio
Coverage ratio

European Peers1

ROE: 12,2%

2023 2024 1H25



1 4Q24 aggregated data from ECB Data Portal. Supervisory data Business model Diversified Lenders includes 30 European Peers. Table T02 and T04.05. Quartile data, Significant Institutions (SIs).

10



10



.2

Results & Solvency

Solid P&L results

Bankinter Group

€ million

1H25 1H24 Dif. € Dif. %

Net interest income

1.101

1.160 -59

-5%

Net fees

380

342 +38

+11%

Other income / expenses

13

-92 +105

n.a.

Gross operating income

1.494

1.410 +84

+6%

Operating expenses

-536

-481 -55

+11%

Pre-provision profit

958

929 +29

+3%

Cost of risk & other provisions

-193

-214 +21

-10%

Profit before taxes

766

715 +50

+7%

Net profit

542

473 +68

+14%

.2

Results & Solvency

Increasing NII driven by significant reduction in cost of deposits

Net interest income

€ million

Customer margin & NIM

quarterly in %

Cost of deposits

4,14

3,95

3,71



+4%

vs 1Q25

-23bps

vs 1Q25

4,41 4,33

583

568

550

541

560



3,01 2,86 2,74 2,74 2,73

2,06 1,92 1,87 1,84 1,83

1,40 1,47 1,40



1,21

0,98

2Q24 3Q24 4Q24 1Q25 2Q25

2Q24 3Q24 4Q24 1Q25 2Q25

Customer credit yield
Customer deposit cost

Customer margin
NIM

.2

Results & Solvency

ALCO bond portfolio continues to support NII momentum

as of jun-25

HTC

FV

Total

YoY Difference

ALCO Portfolio Size

+16%

vs jun-24

€ billion

12,7

13,9

14,1

14,7

Amount (€Bn)

14,2

0,5

14,7

+2,0

Duration (years)

5,1

1,5

4,9

-0,2

Avg. maturity (years)

9,6

1,7

9,3

+0,5

Yield (%)

2,5

1,4

2,5

+0,0

Unrealised Capital gains (€M)

-110

-9

-119

+485

jun-24 dic-24 mar-25 jun-25

ALCO Portfolio / Equity 2,4x

ALCO Portfolio / Total Assets 11%



.2

Results & Solvency

Continued strength in fee dynamics

Net fees

€ million

Gross fees received

vs 1H24, € million

+11%

Net Fees

vs 1H24

53%

% Fees received

Management & Brokerage

249

+13%

380

303

342

Transactional

192

+2%

40%

Insurance1

33 +6%

7%

1H23 1H24 1H25 1 Including additional income from the insurance JV, +13% vs 1H24

.2

Results & Solvency

Other income & expenses

Bankinter Group

€ million

1H25 1H24 Dif. € Dif. %

Equity method

21

12 +9

+77%

Trade income/losses & Dividends

37

30 +7

24%

Regulatory charges

-16

-111 +95

n.a.

o/w banking tax

0

-95 +95

n.a.

Other operational income/losses

-29

-22 -7

+25%

Total

13

-92 +105

n.a.

36%

Cost-to-

income ratio

1H25

.2

Results & Solvency

Reduced seasonality and stability in operating expenses

Operating expenses

309

232

249

263

269

267

€263M

2024 quarterly average

+2% / +€4M

vs 2024 quarterly average

€ million

1Q24 2Q24 3Q24 4Q24 1Q25 2Q25

Operating expenses Average quarterly expenses in the year

02.

.2

Results & Solvency

Operating expenses breakdown

By geography

% vs 1H24, € million

By type

% vs 1H24, € million

59

26

536M €

+11%

451



+15%

+15%

+4%

+1%

44

175

536M €

+19%

316



Spain
Portugal
Ireland
Personnel expenses
Admin expenses
Amortization

.2

Results & Solvency

Improvements in cost of risk and provisions

Credit risk

% of eligible risk, columns in € million

Other provisions

% of eligible risk, columns in € million

0,38%

0,40%

0,32%

155

176

150

0,11%

0,09%

0,08%

46

37

37



1H23 1H24 1H25 1H23 1H24 1H25

Provisions and other impairments
Annualized cost

1. Calculations based on end of period data and excluding extraordinaries

.2

Results & Solvency

Return to historical quarterly profits

Profit before taxes

€ million

Net profit

€ million

~ 0%

vs 2Q24

~ 0%

vs 2Q24

273

258

222

270

272

389

367

378

387

277

2Q24 3Q24 4Q24 1Q25 2Q25

2Q24 3Q24 4Q24 1Q25 2Q25

.2

Results & Solvency

Credit risk and asset quality

NPLs, NPL ratio & coverage ratio

€ billion and in %

Asset quality1

NPL by region vs last sector data

-3bps NPL ratio

vs. +6% eligible risk

vs jun-24

68% 69% 70%

3,2%

2,4%

2,4%

1,3%

1,0%

0,3%



2,17%

2,11%

2,14%

1,90 1,88 1,98

jun-24 dec-24 jun-25

NPLs NPL ratio
Coverage ratio

Bk Spain Bk Portugal Bk Ireland

Bankinter
Sector

1Sector NPL data based on the last available data published by each national bank as of July 2025

02.

.2

Results & Solvency

Solid liquidity metrics

Liquidity gap

€ billion

Wholesale funding maturities

€ million

-4,5

-4,8

-3,9

jun-24 dec-24 jun-25

Loan to Deposits

94,7%

In %

4.550

1.100

1.024

1.632





HQLAs 12M average

€21,1Bn

Liquid Assets

€35,9Bn

2025 2026 2027 2028 2029 ≥2030

95,6%

97,3%

Issuance Capacity

€5,3Bn





LCR 12M average

193%

jun-24

dec-24

jun-25

.2

2025 Capital Pillar II (P2R) Capital Requirement

1,30%

4º lowest out of 110 European entities

Results & Solvency

Strong capital & solvency ratios

CET1 12,57%

Buffer +4,63%

Regulatory Min. 7,94%

CET1 ratio

%

-0,34

-0,08

-0,14

+25pbs organic generation

Leverage ratio

5,1%

Total Capital ratio

17,3%

12,41

0,59

12,58

0,13

12,57

dec-24

Retained

Business

Intangible &

% CET1 pre

Valuation

CRR3 Impact

jun-25

earnings

(RWAs)

others

CRR3 &

adjustments

valuation adj.





03.

.3

Geographies & Businesses

Robust commercial activity and revenues across regions

Customer volumes

% customer volumes, % variation vs jun-24

Gross operating income

% contribution, % variation vs 1H24

+11%

+3%

4%

12%

+6%

84%



+15%

2%

10%

+8%

88%



+20%

Spain
Portugal
Ireland

Spain
Portugal
Ireland

03.

.3

Geographies & Businesses

Spain

Business KPIs

P&L

€ million

Net interest income

1H25

904

1H24

972

Dif. %

-7%

Net fees

337

300

+12%

Other income / expenses

20

-85

n.a.

Gross operating income

1.261

1.187

+6%

Operating expenses

-451

-408

+11%

Pre-provision profit

809

779

+4%

Cost of risk & other provisions

-169

-187

-9%

Profit before tax

640

593

+8%



€68Bn

Customer lending +4% YoY

Retail Banking

€34bn +4%

Corp. & SME banking

€33bn +6%

€78Bn

Retail deposits +5% YoY

€133Bn1 +15% YoY

AUM €57Bn AUC €76Bn

+18% YoY +13% YoY

Cost-to-

income ratio

36%

+1%

Costs 2Q vs '24 quarterly average

Spain includes corporate center and consolidation adjustments

25 1 Assets under Management:+ Assets under Custody

.3

Geographies & Businesses

Portugal

Business KPIs P&L

€11Bn

Customer lending +11% YoY

Retail Banking

€7,2Bn +12%

Corp. & SME Banking

€3,5Bn +8%

€10Bn 1

Customer deposits+20% YoY

€10Bn 2 +13% YoY

AUM €5Bn AUC €5Bn

+17% YoY +8% YoY

Cost-to-

income

ratio

33%

+6%

Costs 2Q vs '24 quarterly average

€ million

1H25

1H24

Dif. %

Net interest income

142

140

+1%

Net fees

39

37

+4%

Other income / expenses

-3

-4

-40%

Gross operating income

178

173

+3%

Operating expenses

-59

-51

+15%

Pre-provision profit

120

122

-2%

Cost of risk & other provisions

-15

-20

-24%

Profit before tax

104

102

+2%

  1. Includes wholesale customer deposits

  2. Assets under Management + Assets under Custody

.3

Geographies & Businesses

Ireland

€4Bn

Customer lending +20% YoY

Mortgages

€3Bn +22%

Consumer

€1Bn +13%

0,3%

NPL ratio

Cost-to-

income ratio

47%

+6%

Costs 2Q vs '24 quarterly average

Business KPIs P&L

€ million

Net interest income

1H25

55

1H24

48

Dif. %

+15%

Net fees

5

5

+5%

Other income / expenses

-5

-3

+74%

Gross operating income

55

50

+11%

Operating expenses

-26

-23

+15%

Pre-provision profit

29

28

+7%

Cost of risk & other provisions

-9

-7

+19%

Profit before tax

21

20

+2%

.3

Geographies & Businesses

Corporate & SME banking growth acceleration

Customer lending

€ billion

International Business segment size & growth (Spain)

+6%

vs jun-24

New origination

% of origination YTD

Customer lending

% of total, % increase vs jun-24

37%

63%

+14%

32%

68%

+2%



36

34

35

Domestic
International Business

Customer lending growth (Spain)

jun-25 vs jun-24

+3%

Sector1

+6%

BKT Spain

jun-24 dec-24 jun-25

1Data BoS May 25. Table 19.16

.3

+€9Bn

Incremental wealth

In 2025

~ 50%

Net new money

~ 50%

Market effect

Geographies & Businesses

Wealth Management: growth reflects the high-quality customer base

Customer wealth1

€ billion

122

129

138

61

53

57

68

72

77

+13% / +€16Bn

jun-24 dec-24 jun-25

Private Banking
Retail Banking

1 Customer wealth includes accounts, deposits, AUMs y AUCs

.3

Geographies & Businesses

Retail Banking: increased trends in mortgage activity and strong account gathering

Salary & 100% Digital accounts

Portugal

+11%

Ireland

+22%

Thousand of accounts

New mortgage origination

Market share

Spain1

6%

Portugal2

6%

Ireland3

,1 6%

€ billion

Mortgage Backbook

+3%

Spain

Sector 4

+2%

Sector2

+6%

€ billion

709

692

665

+7%

1,6

1,3

1,8

1,6

~80%

Fixed / Mixed

+6%

vs jun-24

+21%

vs 1H24

2,8

3,4

jun-24 dec-24 jun-25

30

1H24 1H25

37,7

36,5

35,6

1Q
2Q

1INE April 25.Market share in Spain in the last 12 months.

2Bank of Portugal April 25, last twelve months.

jun-24 dec-24 jun-25



3Bank of Ireland, May 25, YTD

4BoS Table 19.16. May 25, last twelve months.

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