Business
Bankinter S A : Results presentation (FY25 BKT Results)
Bankinter S A : Results presentation (FY25 BKT
About this update from Bankinter Sa
FY2025 Earnings Presentation January 22 nd 2026 Dow Jones Sustainability Index Member AGENDA Highlights Results & Solvency Geographies & Businesses AGENDA Highlights Results & Solvency Geographies & Businesses ROTE 20% .1 Highlights Record profitability, driven by diversified growth, strong asset quality and efficiency +9% Exceptional customer volume growth vs 2024 +5% CUSTOMER LENDING CUSTOMER VOLUMES +6% CUSTOMER FUNDS +19% AUMs Disciplined margin management 2025 2,68% CUSTOMER MARGIN 1,78% NIM -1,8% NII Excellence across core pillars 2025 36% COST-TO-INCOME RATIO +5% Continued strength in fees & income vs 2024 GROSS OPERATING INCOME 1,94% NPL RATIO +10,9% NET FEES 12,7% CET1 Net Profit €1.090M / +14,4% €241Bn +€20Bn / +9% Volumes vs. 2024 .1 Highlights Intense commercial activity driving diversified growth Customer Volumes 1 € billion Volume Breakdown € billion Customer Lending CAGR (2020) vs. 2024 64 80 84 +5% +5% 241 206 221 182 187 161 +€80Bn / +50% +8% CAGR '20-'25 dec-20 dec-24 dec-25 Customer Funds 65 83 88 +6% +6% dec-20 dec-21 dec-22 dec-23 dec-24 dec-25 6 1 Customer volumes include customer lending, customer funds and AUMs dec-20 dec-24 dec-25 AUMs 31 58 69 +17% +19% dec-20 dec-24 dec-25 01. .1 Highlights Revenue growth underpinned by our client profile and business model Core Revenues € million Income Catalysts Growth in customer lending & customer funds Higher AUMs and AUCs Bankinter Investment +€78M / +11% Macro Outlook Spain, Portugal & Ireland 2.838 2.995 3.032 717 2.143 624 795 1.744 1.879 606 497 603 2.214 2.278 2.237 1.247 1.275 1.537 +12 % CAGR -€41M / -1,8% +1% NII quarterly evolution € million +4 % +1% 550 541 560 566 570 2020 2021 2022 2023 2024 2025 Net Interest Income Fees 4Q24 1Q25 2Q25 3Q25 4Q25 .1 Highlights Record results year after year, creating further value to shareholders Results € million ROE TBV per share + Shareholder remuneration 20% ROTE € per share 17,9% 17,1% 12,0% 9,6% 7,0% +14% 1.090 845 953 317 437 560 x3 7,29 +9% 18,9% 6,65 6,69 2020 2021 2022 2023 2024 2025 2020 2021* 2022 2023 2024 2025 * Excludes the impact of the Linea Direct spin-off; ROE 29% 2020 2021 2022 2023 2024 2025 1,31 5,33 0,23 5,43 0,28 6,04 0,45 5,10 5,15 5,24 0,10 5,59 6,18 6,72 0,51 0,57 TBV Dividends paid LDA Premium 01. .1 Highlights 100% digital accounts, catalyst for future growth & efficiency Strategy Deposit gathering engine € billion +64 % 7 3 12 12 5 Reduce acquisition & servicing costs Boost acquisition of high-value clients EVO Bankinter Spain Provide full access to Bankinter's branch network & contact center dec-24 dec-25 New retail client acquisition trends 2x New clients p.a. 12% 2022 88% 48% 2025 52% Promote shorter-term funding Increase deposit granularity Digital Accounts Branch >100k clients >215k clients AGENDA Highlights Results & Solvency Geographies & Businesses Priorities .2 Results & Solvency P&L: another record-year Bankinter Group € million 2025 2024 Dif. € Dif. % Net interest income 2.237 2.278 -41 -1,8% Net fees & commisions 795 717 +78 +10,9% Other income / expenses 15 -94 +109 n.a. Gross operating income 3.047 2.901 +145 +5,0% Operating expenses -1.099 -1.054 -46 +4,3% Pre-provision profit 1.947 1.848 +100 +5,4% Cost of risk & other provisions -412 -488 +76 -15,5% Profit before taxes 1.535 1.360 +175 +12,9% Net profit 1.090 953 +137 +14,4% .2 Results & Solvency Net Interest Income Net Interest Income € million Customer Margin % +1% -1,8% 2.213 2.278 2.237 1.247 1.275 1.537 4,32 1,88 1,82 1,78 3,00 0,97 2,91 2,05 2,09 3,89 2,00 2,68 1,42 1,47 1,33 0,89 1,48 3,65 0,05 0,03 0,10 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 Customer Credit Yield Customer Cost of Deposits Customer Margin NIM .2 Results & Solvency as of dec-25 HTC FV Total YoY Difference ALCO bond portfolio continues to support NII momentum ALCO Portfolio Distribution & Maturity 11% 23% €15Bn 66% 84% Fixed Rate Amount (€Bn) 14,4 0,7 15,0 +1,1 Duration (years) 4,7 2,8 4,6 -0,3 Avg. maturity (years) 8,3 1,9 8,0 -1,8 Yield (%) 2,5 2,0 2,5 +0,0 Unrealised Capital gains (€M) -49 -7 -56 +249 % of total Spanish Sovereign Other Sovereign Other 6% 10% €15Bn 6% 76% 2% 2026 2027 2028 2029 ≥2030 ALCO Portfolio / Equity 2,3x ALCO Portfolio / Total Assets 11% .2 +€78Bn +11% Fees vs 2024 Results & Solvency Fee growth sustained momentum Net Fees € million Gross Fees received breakdown vs 2024, € million 538 392 +2% 67 +7% 1 Asset Management & Brokerage '20-'25 CAGR 10% +14% % Fees 54% 39% 497 603 606 624 717 795 +11% Transactional 7% Insurance 2020 2021 2022 2023 2024 2025 1 Including equity method results, the annual increase would be 8% .2 Results & Solvency Other operating income and expenses Bankinter Group € million 2025 2024 Dif. € Dif. % Equity method 49 35 +14 +40% Trading income/losses & dividends 58 54 +4 +8% Subtotal 107 89 +18 +21% Other operating income/expenses -92 -183 +90 -50% of which Banking Tax 0 -95 +95 -100% Total 15 -94 +109 n.a. .2 Results & Solvency Strong revenue growth across all geographies 12% CAGR '20-'25 Gross Operating Income by Geography € million +5% 2.901 3.047 11% Portugal & Ireland 1.709 1.855 138 152 2.084 191 2.661 97 306 2.257 103 346 2.452 118 367 2.563 16% Portugal & Ireland 1.513 1.644 1.814 -77 -95 2020 2021 2022 2023 2024 2025 Spain Banking Tax Portugal Ireland .2 Results & Solvency Strict cost control as lever for improved efficiency Operating Costs € million Cost-to-income ratio 46,0% 44,1% 48,5% 37,3% 36,3% 36,1% 2020 2021 2022 2023 2024 2025 829 853 918 993 1.054 1.099 +4% Breakdown of operating costs % vs 2024, % of total 11% 5% 1.099 84% 8% 34% 1.099 58% 2020 2021 2022 2023 2024 2025 Spain +4% Portugal +8% Ireland +6% Personnel +7% Administration +0% Amortization +3% 2,2x Since 2020 .2 Results & Solvency Pre-provision profit Evolution € million 1.745 1.848 1.947 1.166 880 1.002 +17% CAGR 2020 2021 2022 2023 2024 2025 .2 Results & Solvency Improvement in cost of risk and provisions Credit risk cost as % over total risk 1 , € million Other provisions as % over total total 1 , € million 0,39% 0,39% 0,39% 0,32% 0,34% 0,33% 359 361 229 283 338 274 0,19% 0,13% 0,09% 0,10% 0,08% 75 88 80 107 138 178 0,25% 0 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 Provisions and other impairments Cost 1. Calculations based on end of period balances, excluding extraordinary items .2 Results & Solvency Historic milestone: 1.000 in Net Profit surpassed Profit Before Taxes € million Net Profit € million +13% 1.535 1.229 1.360 785 537 231 +25% +14% 1.090 845 953 437 560 174 +29% 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 .2 Results & Solvency Credit risk and asset quality reflect our strict risk culture Non-Performing Loans, NPL & Coverage Ratio Asset Quality € billion NPL Ratio by region, with latest sector data available 4,5% 2,8% 2,4% 2,4% 2,1% 2,3% 2,3% 2,4% 1,8 1,8 1,7 1,7 1,7 2,37% 2,24% 2,10% 2,11% 2,11% 1,94% 1,9 dec-20 dec-21 dec-22 dec-23 dec-24 dec-25 4,9% 2,1% 1,7% 2,3% 1,3% 1,2% 1,3% 1,4% dec-20 dec-21 dec-22 dec-23 dec-24 dec-25 3,5% 1,0% 0,6% 0,4% 0,4% 0,3% 0,9% 0,3% dec-20 dec-21 dec-22 dec-23 dec-24 dec-25 dec-20 dec-21 dec-22 dec-23 dec-24 dec-25 Data: Bankinter columns, market lines Source for sector: each country's central bank, latest available data as of January 2025. .2 2026 Capital Pillar II (P2R) Capital R equiremen t 1,50% 4º lowest out of 110 European entities Results & Solvency Strong capital & solvency ratios CET1 Phased-in 12,7% CET1 ratio % 1,11 12,69 0,03 12,72 Buffer 12,41 4,40 -0,51 -0.35 +28bps organic generation 0,03 4,36 Leverage ratio 5,3% Total capital ratio 17,3% Min. Requirement 8,01 8,36 1 MREL 2 25,7% dec-24 Retained earnings Business (RWAs) Operational & Mkt. Risk (RWAs) Intangibles and others % CET1 pre valutation adj. Valuation adjustments dec-25 2025 EBA Stress Test: Lowest Capital depletion amongst Spanish and Eurozone listed banks -55bps in adverse scenario 1 Spanish countercyclical capital buffer of 41bps active from October 1, 2025. AGENDA Highlights Results & Solvency Geographies & Businesses Priorities 03. .3 Geographies & Businesses Stronger diversified growth Volume evolution € billion Volume growth % of customer volumes, % variation vs dec-24 Profit Before Taxes % contribution, % variation vs 2024 10% +€20Bn 88% 14% €1.535M 83% 241 2% 3% 4 22 211 195 5 25 221 2024 2025 Spain Portugal Ireland Spain: +8% Portugal: +15% Ireland: +23% Spain: +14% Portugal: +7% Ireland: +13% 03. .3 Geographies & Businesses Spain Business KPIs P&L €68 Bn Customer lending +3% YoY Retail Banking €35Bn +1% 1 Corp. & SME banking €33Bn +6% €80 Bn Customer funds +5% YoY €145 Bn 2 +18% YoY AUM €63Bn AUC €82Bn +18% YoY +19% YoY Cost-to- income ratio 36% € million Net interest income FY25 1.836 FY24 1.902 Dif. % -3% Net fees 704 631 +12% Other income / expenses 23 -80 n.a. Gross operating income 2.563 2.452 +5% Operating expenses -924 -890 +4% Pre-provision profit 1.638 1.562 +5% Cost of risk & other provisions -356 -435 -18% Profit before tax 1.283 1.127 +14% 1 Excluding the impact from lower consumer balances, the increase would be +2% YoY 2 Assets under Management:+ Assets under Custody Based on management criteria. Impact from banking tax is included. When excluding variation is +5% YoY .3 Geographies & Businesses Portugal Business KPIs P&L € million Net interest income FY25 285 FY24 277 Dif. % +3% Net fees 82 77 +6% Other income / expenses 0 -7 -98% Gross operating income 367 346 +6% Operating expenses -120 -111 +8% Pre-provision profit 247 236 +5% Cost of risk & other provisions -37 -40 -7% Profit before tax 210 195 +7% €11 Bn Customer lending +9% YoY Retail Banking €7,4Bn +11% Corp. & SME Banking €3,5Bn +6% €10 Bn 1 Customer funds+8% YoY €11 Bn 2 +28% YoY AUM €6Bn AUC €5Bn +30% YoY +27% YoY Cost-to- income ratio 33% LtD ratio 105% Based on Management criteria 1 Includes wholesale customer customer funds .3 Geographies & Businesses Ireland Business KPIs P&L €5 Bn Customer lending +23% YoY Mortgages €4Bn +27% Consumer €1Bn +11% 0,3% NPL ratio Cost-to- income ratio 44% € million Net interest income FY25 116 FY24 100 Dif. % +16% Net fees 10 10 +1% Other income / expenses -8 -6 +27% Gross operating income 118 103 +14% Operating expenses -52 -49 +6% Pre-provision profit 65 54 +22% Cost of risk & other provisions -19 -13 +48% Profit before tax 46 41 +13% Based on Management criteria .3 Geographies & Businesses Corporate & SME banking growing strongly, consistently gaining market share Customer Lending € billion Growth Catalysts 1 International Business Segment € billion 2x 11 6 36,7 34,5 31,4 32,8 28,4 28,7 +6% vs dec-24 dec-20 dec-25 2 Sustainability / ESG: new solutions for clients Energy efficiency certificate advances (1 st to launch in market) Client advisory fee services regarding decarbonization plans 5,8% 5,4% 5,3% 6,1% €0.8Bn in renewable energy and sustainability-linked operations Spain Market Share dec-20 dec-21 dec-22 dec-23 dec-24 dec-25 6,4% 6,6% 3 Bankinter Investment .3 Geographies & Businesses Bankinter Investment Gross Operating Income 1 € million 233 231 181 45 154 69 86 105 115 60 67 72 164 145 144 56 69 82 249 2 Alternative Investments & Vintage Profile 31 Structured vehicles + 15.300 Bankinter Investors + €1,5Bn Cumulated payout + €5,2Bn Committed capital # structured vehicles €Bn committed capital by vintage 21% €5,2Bn 29% 18% 31 25% 28% 17% 2020 2021 2022 2023 2024 2025 NII Fees + Investment yield Helia I 38% 2017 - 2018 2019 - 2020 2021 - 2022 2023 - 2024 24% 12% CAGR 20-25 in Fees x2 Gross Op. Income vs 2020 Debt products €5,5Bn Structured finance 1 Pro-forma data of Bk Investment contribution to group incomes. .3 Geographies & Businesses Bankinter Investment Strong Alternative Investment Vehicles' diversification 11 INVESTMENT STRATEGIES 14 COUNTRIES +360 UNDERLYING ASSETS 2 Assets by geography Assets by sector 213 assets Other countries 149 assets 2 10 sectors 60 32 28 1 20 1 2 2 3 80 48 33 26 15 3 2 2 9 sectors 16 5 4 22 2 30 80 362 34 assets 60 51 58 Commercial Real State Renewable Energy Infrastructure Venture Capital Hotels Student Residencies Private Equity Logistics Environment Residential Agriculture Attention : This is an excerpt of the original content. To continue reading it, access the original document here .