FY2025
Earnings PresentationJanuary 22nd 2026
Dow Jones Sustainability Index Member
AGENDA
Highlights
Results & Solvency
Geographies & Businesses
Highlights
Results & Solvency
Geographies & Businesses
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
CUSTOMER MARGIN
1,78%NIM
-1,8%NII
Excellence across core pillars
2025
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 Volumes1
€ 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
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
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
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
>100k clients >215k clients
AGENDAHighlights
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 Margin
.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
6%
10%
€15Bn
6%
76%
2%
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
.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
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 risk1 , € million
Other provisions
as % over total total1 , € 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
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 Requirement
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
8,361
MREL2
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.
AGENDAHighlights
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
03.
.3
Geographies & Businesses
Spain
Business KPIs P&L
€68BnCustomer lending +3% YoY
Retail Banking
€35Bn +1%1
Corp. & SME banking
€33Bn +6%
€80BnCustomer funds +5% YoY
€145Bn2 +18% YoYAUM €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% |
€11Bn
Customer lending +9% YoY
Retail Banking
€7,4Bn +11%
Corp. & SME Banking
€3,5Bn +6%
€10Bn 1
Customer funds+8% YoY
€11Bn 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
€5Bn
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 (1st 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 Income1
€ 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
38%
24%
12%
CAGR20-25in 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
9 sectors
16 5
4
22
2
30
80
362
34 assets
60
51
58
Commercial Real State
Infrastructure
Residencies
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