Bankinter SaBME: BKT

Results presentation (9M25 BKT Earnings)

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


9M2025

Earnings

Presentation

1

23rd of October 2025



Highlights





3

Geographies & Businesses

Results & Solvency

Closing Remarks

4

Highlights




ROTE

19,4%

LTM

.1

Highlights

Record profitability through sustainable growth and disciplined execution

Exceptional customer volume growth

+5%

+9%

CUSTOMER VOLUMES

+5%

+20%

CUSTOMER LENDING

RETAIL DEPOSITS

AUMs

Disciplined margin management

9M25

2,70% 1,79%

CUSTOMER MARGIN NIM

Continued strength in fees & results

-3,5%

+5%

GROSS OPERATING INCOME

+10,6%

NII

NET FEES

Execution excellence across core pillars

9M25 Sep-25

36,2% 2,05%

COST-TO-INCOME RATIO NPL RATIO

Volumes

+9%

+€19Bn

vs sep-24

.1

Highlights

Commercial ambitions driving long-term diversified customer growth

By category

€ billion, % variation vs sep-24

By geography

% customer volumes, % variation vs sep-24

By new credit production

% YTD, % variation vs 9M24

AUMs +20%

Retail deposits +5%

Customer lending +5%

215

55

58

66

81

83

85

78

80

83

221 234

sep-24 dec-24 sep-25

Spain +7%

Portugal +12%

Ireland +20%

2%

11%

87%

Mortgages +16%

Consumer -3%

Corp & SME +6%

22%

8%

70%

01.

.1

Highlights

Diversified organic growth across all geographies and business lines

Customer lending evolution: Bankinter vs Sector

% 12-month variation

20,4%

11,3%

6,8%2

3,4%

3,1%1

2,5%1

2,0%3

BKT

Portugal

Sector

BKT Ireland Sector

Sector

Corp&SME

banking

Sector

Retail

Banking

4,3%

SPAIN

(1) BoS (August 2025, chapter 19, table 16) (2) BoP July 2025 (3) CBI June 2025

01.

.1

Highlights

Core revenues strengthened by strong fee growth and positive NII trends

Net interest income

€ million

Core revenues

2,70%

Customer Margin 9M25

€ million

~0%

541

560

566

+1%

550

+3%

+5%

4Q24 1Q25 2Q25 3Q25

2.249 2.244

1.728

1.667

577

521

- €61M / -3,5%

+€55M / +10,6%

9M24 9M25

NII
Net Fees

vs sep-24

01.

.1

Highlights

Applied innovation driving productivity and operational scalability

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 €

4,7 €

dec-23 dec-24 sep-25

dec-23 dec-24 sep-25

Success stories that reflect our culture of innovation

Personal productivity

+600 personalized AI agents created, tailored to specific tasks and departmental processes

AI in risk management

+100.000 documents processed automatically every month

AI powered email

Automatic review & classification of email distribution groups (internal and client-facing), enhancing response times and accuracy

Operational scalability

Internal AI agents managing employee inquiries across HR, IT, operations, and call centers

Product innovation

Launch in Ireland of the first variable-rate mortgage indexed to Euribor, as well as fully digital time deposit gathering



10

10



.2

Results & Solvency

Solid P&L results

Bankinter Group

€ million

9M25 9M24 Dif. € Dif. %

Net interest income

1.667

1.728 -61

-3,5%

Net fees & commisions

577

521 +55

+10,6%

Other income / expenses

8

-98 +106

n.a.

Gross operating income

2.251

2.151 +100

+4,7%

Operating expenses

-815

-745 -70

+9,4%

Pre-provision profit

1.437

1.407 +30

+2,1%

Cost of risk & other provisions

-294

-324 +30

-9,4%

Profit before taxes

1.143

1.083 +60

+5,6%

Net profit

812

731 +80

+11,0%

.2

Results & Solvency

Net interest margin on a positive trajectory during the year, with customer margin at 2,70%

Net interest income

€ million

Customer margin

1,79%

NIM

9M25

2,70%

Customer Margin 9M25

quarterly in %

568

550

541

560

566



3,95



3,71

3,49

2,74 2,73 2,65



1,21



0,98 0,84

3Q24 4Q24 1Q25 2Q25 3Q25

1Q25 2Q25 3Q25

Customer Credit Yield
Customer Deposit Cost
Customer Margin

.2

Results & Solvency

Successful digital account strategy driving increase in sight deposits

Digital acquisition campaigns creating a more flexible deposit structure with additional fee income at marginal servicing costs

Retail Deposit type structure

100% staked bar chart

Repricing correlated with rate reductions

in %

Digital accounts: x4

since Sep-24



115bps

Flexible shorter duration deposit accounts

2,55 2,45



2,10

2,12



1,40

1,21

0,98

0,84

128bps spread over E12M

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

Digital renumerated accounts
Treasury accounts

Term deposits
Sight accounts

4T24 1T25 2T25 3T25

Cost of Deposits
Euribor 12M

.2

Results & Solvency

Robust fee expansion +11% YoY with sustained quarterly momentum

Net fees

521

577

+11%

€ million

Gross fees received

vs 9M24, € million

Management & Brokerage

40%

381

+13%

53%

% Fees

9M24 9M25

Transactional

292

+2%

+2%

192

196

Insurance

49 +7%

7%

0

2Q25 3Q25

.2

Results & Solvency

Other income & expenses

Bankinter Group

€ million

9M25 9M24 Dif. € Dif. %

Equity method

36

23 +13

+57%

Trading income/losses & dividends

40

36 +4

+11%

Sub Total

75

58 +17

+29%

Other operating income/expenses

-68

-157 +89

-57%

Total

8

-98 +106

n.a.

36%

Cost-to-

income ratio

9M25

.2

Results & Solvency

Reduced seasonality in operating expenses

Operating expenses

€ million

€272M

9M25 quarterly average



€263M

2024 quarterly average

+3%

Reduce 4Q

Costs vs. 4Q24

232

249

263

309

269

267

279

1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25E

.2

Results & Solvency

Improving cost of risk and provisions

Credit risk

% of eligible risk, columns in € million



0,38% 0,40%

0,33%

Other provisions

% of eligible risk, columns in € million

238

262

240

0,10%

0,09%

0,08%

64

62

53



9M23 9M24 9M25 9M23 9M24 9M25

Provisions and other impairments
Annualized cost

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

.2

Results & Solvency

Achieving record profit levels

Profit before taxes

€ million

Net profit

€ million

+6%

vs 9M24

+11%

vs 9M24

1.004

1.083

1.143

685

731

812

9M23 9M24 9M25 9M23 9M24 9M25

.2

Results & Solvency

Improving credit risk and asset quality metrics across all geographies

NPLs, NPL ratio & coverage ratio

€ billion and in %

Asset quality1

NPL by region vs last sector data

-17bps NPL ratio

vs. +5% eligible risk

vs sep-24

69% 69% 70%

1,93 1,88 1,88

2,9%

2,3%



2,3%

1,4%

2,22%

2,11%

2,05%

0,9%

0,3%

sep-24 dec-24 sep-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 October 2025

.2

2025 Capital Pillar II (P2R) Capital Requirement

1,30%

4º lowest out of 110 European entities

Results & Solvency

Strong capital & solvency ratios

CET1 12,9%

Buffer +4,99%

Regulatory Min. 7,95%

CET1 ratio

%

Leverage ratio

5,2%

0,87

12,84

0,10

12,94

12,41

-0,26

-0,18

+61bps organic generation



Total Capital ratio

17,8%

dec-24 Retained earnings

Business (RWAs) Intangibles and

others

% CET1 pre valutation adj.

Valuation adjustments

sep-25

2025 EBA Stress Test: Lowest Capital depletion amongst Spanish and Eurozone listed banks

-55bps in adverse scenario





21

03.

.3

Geographies & Businesses

Increased commercial activity and profitability across regions

Customer volumes

% customer volumes, % variation vs sep-24

Gross operating income

% contribution, % variation vs 9M24

2% 4%

11%

87%

12%

84%

Spain +7%
Portugal +12%
Ireland +20%

Spain +4%
Portugal +3%
Ireland +14%

03.

.3

Geographies & Businesses

Spain

Business KPIs P&L

€ million

Net interest income

9M25

1.369

9M24

1.444

Dif. %

-5%

Net fees

510

458

+11%

Other income / expenses

16

-88

n.a.

Gross operating income

1.895

1.814

+4%

Operating expenses

-685

-628

+9%

Pre-provision profit

1.210

1.185

+2%

Cost of risk & other provisions

-255

-282

-10%

Profit before tax

955

903

+6%

€67Bn

Customer lending +4% YoY

Retail Banking

€35bn +3%

Corp. & SME banking

€31bn +4%

€77Bn

Retail deposits +4% YoY

€139Bn1 +17% YoY

AUM €60Bn AUC €79Bn

+19% YoY +16% YoY

Cost-to-

income ratio 36%

+3% quarterly avg. cost 9M25 vs FY24

1 Assets under Management:+ Assets under Custody Based on management criteria. Impact from banking tax is included. When excluded, variation is -4% YoY

.3

Geographies & Businesses

Portugal

Business KPIs

P&L

€ million

Net interest income

9M25

213

9M24

211

Dif. %

+1%

Net fees

59

56

+5%

Other income / expenses

-1

-5

-69%

Gross operating income

271

263

+3%

Operating expenses

-89

-79

+12%

Pre-provision profit

182

183

-1%

Cost of risk & other provisions

-25

-30

-14%

Profit before tax

157

154

+2%

€11Bn

Customer lending +11% YoY

Retail Banking

€7Bn +12%

Corp. & SME Banking

€4Bn +10%

€10Bn 1

Customer deposits+5% YoY

€11Bn 2 +23% YoY

AUM €6Bn AUC €5Bn

+27% YoY +19% YoY

Cost-to-

income ratio 33%

+7% quarterly avg. cost 9M25 vs FY24

Based on Management criteria

1 Includes wholesale customer deposits

.3

Geographies & Businesses

Ireland

Business KPIs P&L

€ million

Net interest income

9M25

85

9M24

73

Dif. %

+16%

Net fees

7

7

+3%

Other income / expenses

-6

-5

+24%

Gross operating income

86

75

+14%

Operating expenses

-39

-34

+12%

Pre-provision profit

47

41

+16%

Cost of risk & other provisions

-13

-12

+13%

Profit before tax

34

29

+17%

€4,4Bn

Customer lending +20% YoY

Mortgages

€3,4Bn +23%

Consumer

€1,0Bn +11%

0,3%

NPL ratio

Cost-to-

income ratio 45%

+4% quarterly avg. cost 9M25 vs FY24

Based on Management criteria

.3

Geographies & Businesses

Corporate & SME banking growth acceleration

Customer lending

€ billion

International business segment size & growth (Spain)

+5%

vs sep-24

New credit origination

% of origination YTD

Customer lending

% of total, % increase vs sep-24

34%

66%

+9%

32%

68%

+2%



34,5

35,0

33,4

Domestic
International business

Customer lending growth (Spain)

sep-25 vs sep-24

+4,3%

Bankinter

+2,5%

Sector1

sep-24 dec-24 sep-25

1Data BoS Aug 25. Table 19.16

.3

Geographies & Businesses

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

Salary account balances

13,5

12,5

12,6

+7%

vs sep-24

€ billion

sep-24 dic-24 sep-25

New mortgage origination

€ billion

Market share

Spain1

6%

Portugal2

6%

Ireland3

,1 6%

~75%

Fixed / Mixed

+16%

vs 9M24

4,2

4,2

4,9

9M23 9M24 9M25

Mortgage backbook

+3,4%

Spain

+5%

vs sep-24

Sector 4

+2,9%

Sector2

+8%

Portugal

+11%

Ireland

+23%

€ billion

38,0

36,2

36,5

sep-24 dic-24 sep-25

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

27 2Bank of Portugal July 25, last twelve months.

3Bank of Ireland, Aug 25, YTD



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

.3

+€16Bn

Incremental wealth

In 2025

€7,5Bn

Net New Money

€8,5Bn

Market Effect

Geographies & Businesses

Wealth Management: growth reflects the high-quality customer base

Customer wealth1

57

70

72

80

55

69

133 129

+16% / +€20Bn

€ billion

149

sep-24 dec-24 sep-25

Private Banking
Retail Banking
Integrated from EVO



1 Customer wealth includes accounts, deposits, AUMs y AUCs

28

€150Bn

+€22Bn / +18%

AUMs + AUCs

vs sep-24

.3

Geographies & Businesses

Off Balance sheet volumes, leading the sector in growth

AUMs

€ billion

AUCs1

€ billion

55 58

66

+19%

vs sep-24

38

84

vs

73

73

25

25

25

48

48

59

+24%

+1%

sep-24

32 34

+21%

23 24 28

sep-24 dec-24 sep-25

sep-24 dec-24 sep-25

Third Party Investment Funds
Bankinter Products

29

Fixed Income securities
Equity securities



1 Includes securities from institutional clients





30

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