Bankinter SaBME: BKT

Results presentation (q1 2026 results presentation)

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

Earnings Presentation Q12026

23rd April 2026



Highlights

/01 /02

Results & Solvency

Geographies &

Businesses

/03

Closing Remarks

/04

Agenda

3



Highlights



.1

Highlights

+17%

AUMs

+5%

CUSTOMER LENDING

Profitable and disciplined volume growth

vs 1Q25

+6,5%

CUSTOMER VOLUMES

+1%

RETAIL FUNDS

Profitable and disciplined growth, supported by a high-quality balance sheet

Continued improvement in margin discipline

1Q26

2,68%

CUSTOMER MARGIN

1,76%

NIM

Diversified and resilient income model

vs 1Q25

+6,5%

GROSS OPERATING INCOME

+5,5% +8,1%

NII

Operational excellence and balance sheet strength

1Q26

35,4%

COST-TO-INCOME RATIO

1,92%

NPL RATIO

NET FEES

13,0%

CET1 RATIO

ROTE 20% Net Profit €291M / +7,6%

.1

Highlights

Broad-based volume growth across products and geographies

Customer Volumes1

+6,5% /

€14Bn

€Bn

Volume Breakdown

€Bn

Customer Lending +5% / €4Bn

By Geography

% of customer volumes, % and € vs mar-25

85

81

239

224

10% 2%

+€14Bn

87%

mar-25 mar-26

+1% / €0,5Bn

Retail Funds

84

85

mar-25 mar-26

1.Customer volumes include Customer Lending, Retail Funds and AUMs

mar-25 mar-26

AUMs

69

59

mar-25 mar-26

+17% / €10Bn

Spain: +5% / €11Bn

Portugal: +13% / €3Bn

Ireland: +24% / €1Bn

01.

.1

Highlights

Sustainable revenue growth supported by a differential business model

Stronger and more diversified core revenues

Margin discipline sustaining NII growth

€ million € million

+5,5%

571

541

729

188

203

+€30M

+€15M

+6,2%

774

560

566

570 571

541



2,74% 2,73% 2,65% 2,61% 2,68%



1Q25 1Q26

NII Net Fees

1Q25 2Q25 3Q25 4Q25 1Q26

NII Customer Margin

.1

Highlights

Disciplined management strengthening the foundations for sustainable profitability

Cost-to-income ratio

NPL & Coverage ratios



69% 68% 70%

CET1 ratio

12,7%



13,0%

36,3%

36,1%



35,4%

1,

2024 2025 1Q26

2,11%

1,94%

1,92%



2024 2025 1Q26

NPL ratio Coverage ratio

12,4%

2024 2025 1Q26

.1

Highlights

Bankinter Portugal: solid profitable growth with a sustainable and scalable model

Since 2016



Evolution

x2

Customers (thousands)

134

278

2016 2025

Cost-to-income ratio (%)

33%

124%

2016 2025

Customer volumes1 (€Bn)

30

10

2016 2025

PBT(%)

10

210

2016 2025

x3

Focus on value added segments: Private Banking x8

Corp. & SME Banking x6

x20

Scalability: integrated model with in-house capabilities,

strengthened by JVs and strategic partnerships

Steady advancement in Portuguese rankings

Disciplined market share gains

Profitable double-digit growth

Ambitions

Efficiency: AI-driven transformation

Projects





9 1. Includes Customer Lending, Retail Funds, AUMs and AUCs



.1

Highlights

Strategic transactions strengthen scale, capabilities and leadership

Strong structural sector growth

Strengthen leadership in Iberia in direct alternative investments

x4,5

Source: Preqin ($ trillion)

Strategic rationale

19,3

4,3





Client-centric model, with greater value and product diversification

Accelerate pan-European expansion with greater scale and specialization

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E 2027E 2028E

Disciplined capital allocation focused on growth

Plenium

Partners SGEIC

Bk Investment SGIIC

ACP

Bk Investment SGIIC

72,5% 27,5%

+19 yrs, partner since 2017

+€7.500M cumulated investments

Renewable energy Student housing Energy transition

€1.300M co-investment with Bk

+28 yrs, 6 European countries, partner since 2019

+€15.000M funds raised historically

+€9.000M committed funds

Infrastructure

Private equity mid-market

700M€ co-investment with Bk

1ST Transaction

Q3 '26

2nd Transaction

Q4'26

64%

Closing of the transactions is subject to necessary regulatory approvals 1st Merger by absorption



2nd Economic rights. ACP to maintain full management independence

11

Results & Solvency

.2

Results & Solvency

Profit & Loss Summary

Bankinter Group

€ million

1Q26

Dif vs 4Q25 Dif vs 1Q25

€ % € %

Net Interest Income (NII)

571

1

-15

-2

0%

-7%

-25%

+30

+15

+2

+5,5%

Net fees & commissions

Other income / expenses

203

+8,1%

5

+80%

Gross Operating Income

779

-16

-2%

+47

+6,5%

Operating expenses

-276

+9

-3%

-7

+3%

Pre-provision profit

503

-8

-2%

+40

+9%

Cost of risk & other provisions

-93

+25

-21%

-9

+11%

Profit before taxes

410

+17

+4%

+31

+8%

Taxes

-119

-5

+5%

-11

+10%

Total Net Income

291

+12

+4%

+21

+8%

.2

Results & Solvency

Resilient net interest income driven by margin discipline and volumes

NII quarterly evolution

€ million

Customer Margin & NIM

%

+5,5%

vs 1Q25

3,95

3,71

3,49

3,48

3,48



570

571

560

566

541



2,74 2,73 2,65 2,61 2,68

1,84 1,83 1,72 1,76 1,76

1,21

0,98

0,84

0,87

0,81



1Q25 2Q25 3Q25 4Q25 1Q26

1Q25 2Q25 3Q25 4Q25 1Q26

Customer credit yield Customer deposit cost

Customer margin NIM

.2

Results & Solvency

Deposit mix optimization: shifting to more stable, lower-beta retail funding

Higher operational balances, with lower pricing sensitivity

More stable, relationship-driven retail funds

€ billion

Active pricing discipline lowers retail deposit costs

%

+19% Current accounts

-43% Term deposits

6

22

7

16

6

14

5

14

5

12

69

57

63

65

68

2,45

2,35



84 86 85 88 85

Average deposit spread

~130bp

1,21



0,81

mar-25 jun-25 sep-25 dec-25 mar-26

Current accounts Term deposits Other retail funds

1Q25 2Q25 3Q25 4Q25 1Q26

Average retail deposit cost Euribor 12M

.2

‌Results & Solvency

Fee income: resilient, diversified and value-driven

Net fees: sustainable positive trends

+8%

vs 1Q25

€ million

Mix of recurring fee streams

€ million 1Q26, yoy variation

94 0%

17

+8%

Asset Management & Brokerage

146

+18%

57%

% Fees Received

218

203

188

192

196

36%

Transactional

7%

Insurance1

1Q25 2Q25 3Q25 4Q25 1Q26

1Insurance: including the corresponding equity-accounted results, the year-on-year increase would be 10%.

.2

Results & Solvency

Other income and expenses: diversified underlying businesses supporting results

Bankinter Group

€ million

1Q26 1Q25 Dif. € Dif. %

Equity method

Trade Income/losses & Dividends Subtotal

12

10 +2

16 +3

26 +5

+16%

19

+20%

31

+18%

Other operational income/taxes

-26

-23 -3

+11%

Total

5

3 +2

+80%

.2

Results & Solvency

Structural and sustainable efficiency improvements

Control, simplification and pragmatic use of AI

Sustainable and recurring improvement

Cost-to-income ratio, for the quarter

47%

Disciplined cost growth

% total, % vs 1Q25

45%



9%

33%

58%

Personnel +2%

Admin +3%

Amort +8%

35,4%



36,8%

Cost by geography

5%

12%

83%

% total, % vs 1Q25



33% 33%

1Q25 1Q26

Group Portugal Ireland

Spain +1%

Portugal +7%

Ireland +15%

01.

~10%

Technology Spend

% of Gross Op.

Margin since 2018

.2

Results & Solvency

Maximizing the potential of AI

Productivity per Employee Costs over Customer Volumes

Customer volumes / Employees

€ million

221

34

Operating costs / Customer Volumes

million of € per billion in volumes

4,8

4,6

36

6,401

mar-25 mar-26

Peers BKT

mar-25 mar-26

BKT Peers

AI First program generating tangible value

Top down

Bottom up

Customer and corporate process efficiencies

Competitive differentiation

Client AI Whatsapp, advanced AI models deployed in sales & UX customizations

Software development

Assistants deployed to reduce development cycles and increase quality

Employee productivity

Increased AI Tools, Copilots and Agents

.2

‌Results & Solvency

Credit cost and other provisions remain well controlled

Cost of Risk

over total risk1, € million

Other provisions

over total risk1, € million

0,36%

0,32%

0,32%

97

71

78

0,07%

0,09%

0,07%

13

21

15



1Q25 4Q25 1Q26 1Q25 4Q25 1Q26

Provisions and other impairments Annualized cost

1. Cost of risk in % includes impairment losses and gains (losses) on disposal of assets, excludes extraordinary items

.2

Results & Solvency

Net profit continues to grow, reflecting the strength of the business model

Profit before tax

€ million

Net Profit

€ million

+8%

vs 1Q25

+8%

vs 1Q25

378

392

410

270

278

291

1Q25 4Q25 1Q26 1Q25 4Q25 1Q26

.2

Results & Solvency

Consistent strong asset quality, outperforming the sector

Non-performing loans & coverage ratio

€ billion

NPL ratio by geography

69%

68%

70%

2,16%

1,9

1,8

1,8

1,94% 1,92%

mar-25 dec-25 mar-26

Spain

1Q26

vs. 1Q25

Last Sector Data

2,1%

-26bps

2,7%

1,3% -1bps

2,1%

0,3% +2bps

0,8%

Portugal

Ireland

NPL NPL Ratio

Coverage Ratio

Sector source: Each country's central bank. Latest available data as of April 2026

.2

2026

Pillar II (P2R) Capital Requirement

1,50%

4th lowest out of 110

European entities

Results & Solvency

Strong capital & solvency ratios

CET1

12,96%1

CET1 ratio

%

12,72

0,29

-0,02 -0,03

12,96

Leverage ratio

5,3%

Buffer

Total capital ratio

17,5%

Minimum

Requirement

4,36

8,36

+27bps organic generation

4,49

8,47

MREL2

25,9%

dec-25 Retained earnings RWAs Intangibles, Adj. &

Others

mar-26

1 CET1 Fully Loaded 12,76%.

23

Geographies & Businesses

03.

.3

Geographies & Businesses

Solid diversified growth in volumes and revenues across geographies

Customer volumes1

€Bn

Gross operating income

+6% /

€14Bn

% total, % vs 1Q25

Customer lending growth

% vs 1Q25

3,2%

4,1%

209

198

4

22

5

25

224

239

BKT Spain Sector

6,8%

8,9%

12%

4%

+6% /

€779M

84%

BKT Portugal Sector

3,0%

22,8%

mar-25 mar-26

Spain Portugal Ireland

Spain: +6% Portugal: +7% Ireland: +20%

BKT Ireland Sector

1.Customer volumes include Customer Lending, Retail Funds and AUMs

BoS February 2026; Associaçao Portuguesa de Bancos December 2025; CBI December 2025

03.

.3

Geographies & Businesses

Spain

Business KPIs P&L

€69Bn

Customer Lending+3% YoY

Retail Banking

€35Bn

Corp & SME Banking

€34Bn +8%

€77Bn

Retail Funds

€145Bn1

AUM €63Bn

+15% YoY

+15% YoY

AUC €82Bn

+15% YoY

1Q26

1Q25

Dif. %

€ million

Net Interest Income

461

442

+4%

Net Fees

180

167

+8%

Other Income / Expenses

10

6

+63%

Gross operating Income

651

615

+6%

Operating costs

-229

-226

+1%

Cost-to-income ratio

35,2%

36,7%

-1,5pp

Pre-Provision Profit

422

389

+8%

Cost of risk & Other Provisions

-80

-77

+3%

Profit before tax

342

312

+10%

.3

Geografies & Businesses

Portugal

Business KPIs P&L

€11Bn

Customer Lending +9% YoY

Retail Banking

€7,5Bn +13%

Corp & SME Banking

€3,4Bn +4%

€10Bn

Customer deposits +10% YoY

€12Bn1

AUM €6Bn

+39% YoY

+27% YoY

AUC €6Bn

+16% YoY

1Q26

1Q25

Dif. %

€ million

Net Interest Income

77

72

+8%

Net Fees

21

19

+11%

Other Income / Expenses

-3

-1

+109%

Gross operating Income

96

90

+7%

Operating costs

-32

-30

+7%

Cost-to-income ratio

33,1%

33,1%

-

Pre-Provision Profit

64

60

+7%

Cost of risk & Other Provisions

-8

-4

+115%

Profit Before Taxes

56

56

0%

.3

Geographies & Businesses

Ireland

Business KPIs P&L

€5,0Bn

Customer Lending +23% YoY

Mortgage Book

€4Bn +27%

Consumer Credit

€1Bn +8%

0,3%

NPL Ratio

1Q26

1Q25

Dif. %

€ million

Net Interest Income

33

27

+22%

Net Fees

2

2

-5%

Other Income / Expenses

-2

-2

+11%

Gross operating Income

33

27

+20%

Operating costs

-15

-13

+15%

Cost-to-income ratio

45,0%

47,1%

-2pp

Pre-Provision Profit

18

14

+25%

Cost of risk & Other Provisions

-6

-3

+68%

Profit before taxes

12

11

+12%

.3

Geographies & Businesses

Corporate & SME banking: strong growth and market share gains

Customer Lending

€Bn

International Business customer lending

€Bn

+8%

vs mar-25

11

12

10

+17%

vs mar-25

36,7

37,5

35,0

mar-25 dec-25 mar-26

Customer Lending growth

1Q26 vs 1Q25

+8%

BKT Spain

3%

Sector1

mar-25 dec-25 mar-26

1. BdE feb 2026 (chapter 19, table 16)

.3

Geographies & Businesses

Retail Banking: disciplined growth focused on margins and capital allocation

Salary and Digital account balances

+47%

vs mar-25

€Bn

New Mortgage Origination

-22%

vs mar-25

€Bn

Mortgage Backbook

+4%

vs mar-25

€Bn

Growth by Geography

Spain

-40%

Portugal

+8%

Ireland

,1 +37%

18

27

1,6

1,3

37

39

mar-25 mar-26

1Q25 1Q26

mar-25 mar-26

.3

Geographies & Businesses

Wealth Management: resilient growth supported by a high-quality customer base

Customer Wealth1

€Bn

+€18Bn /+13%

137

63

71

71

74

84

84

154 155

mar-25 dec-25 mar-26

Private Banking Retail Banking

1 Customer wealth includes balances in current accounts, term deposits, AUMs and AUCs

€157Bn

+€21Bn / +16%

vs mar-25

.3

Geographies & Businesses

Off-Balance Sheet: clients remain invested despite elevated uncertainty

AUMs1

€Bn

AUCs2

€Bn

77

25

26

25

51

62

62

~8bps fees p.a.

+15% /

€11Bn

+17% /

€10Bn

87 88

~60bps fees p.a.

69 69

59

29

29

25

34

40

40

mar-25 dec-25 mar-26

mar-25 dec-25 mar-26

Bankinter Products Third party Investment Funds Fixed Income Securities Equity Securities

32

Closing Remarks

.4

Closing Remarks

Resilient performance and sustainable value creation

Disciplined management & execution through the cycle

Net Profit High and sustainable ROTE

€ million

Management Pillars

1,9%

NPL ratio

13,0%

CET1

35,4%

Cost-to-income

Shareholder value creation

TBV + Dividends for the period

270

291

+8%

6,50

0,12

6,99

0,15

6,37

6,83

+8%

+25%

Dividends

20,0% 20,0%

19,0%

18,1%



1Q25 1Q26

2023 2024 2025 1Q26

mar-25 mar-26

TBV Dividend for the period

Highlights

/01 /02

Results & Solvency

Geographies &

Businesses

/03

Closing Remarks

/04

Appendix

34



A.2

Appendix

ALCO bond portfolio continues to support NII momentum

as of mar-26

HTC

FV

Total

vs. Dec. 25

Limited balance sheet risk, predominantly fixed-rate, held-to-collect and moderate in size

ALCO Portfolio Distribution

12%

23%

65%

84%

Fixed rate

Amount (€Bn)

14,8

0,8

15,6

+0,6

Duration (years)

4,8

2,6

4,7

+0,1

Avg. maturity (years)

8,4

2,7

8,1

+0,1

Yield (%)

2,6

2,1

2,5

+0,0

Unrealised Capital gains (€M)

-273

-11

-284

-228

% of total

Spanish Sovereign

Other Sovereign

Other

ALCO Maturity

€ million

11.642

281

1.030

1.706

911

2026 2027 2028 2029 ≥2030

ALCO Portfolio / Total Assets

11%

2,4x

ALCO Portfolio / Equity

02.

98,4%

LTD Ratio

1T26

A.2

Appendix

Strong liquidity position, supported by efficient balance management

Liquidity gap

€Bn

mar-25 jun-25 sep-25 dec-25 mar-26

Wholesale funding maturities

€ million

-4,8

-3,9

-4,4

-5,1

-2,3

5.050

750

1.024

1.632

2026 2027 2028 2029 ≥2030

HQLAs 12M average €26Bn

Liquid Assets €29Bn



Issuance Capacity €6Bn

LCR 12M average 197%



A.2

Appendix

Minimum Requirement for own funds and Eligible Liabilities

MREL ratio

% RWAs (TREA)

25,44% 25,87%

2,89%

Requirement + CBR: 23,0%

3,85%

Requirement + CBR: 23,4%

12,35%

12,96%

1,51%

1,75%

2,27%

2,82%

4,50%

6,42%

22,6%

Subordination

22,0%

Subordination

mar-25 mar-26

CET1

AT1 Tier 2 Senior non-preferred + other subordinated liabilities Senior preferred

03.

A.3

Appendix

AUMs: Well diversified asset classes

Customer Off-Balance Sheet AUMs

+17% /

10Bn€

€Bn

Mutual and pension funds diversification

%, mar-26

Alternative Investment and others; 6%

69

29

25

17

20

8

5

9

4

5

5

59 Monetary funds;

9%

Equities;

29%

mar-25 mar-26

Pension Funds Alternative Investment Funds

Advisory Management Bk Mutual Funds

Mutual Funds with Third Parties

Fixed income; 40%

Mixed; 29%

A

Glossary - Acronyms

Concept

Definition

ALCO

Asset-Liability Committee

APMs

Alternative performance measures

AUCs

Assets under custody

AUMs

Assets under management

BoS / BoP

Bank of Spain / Bank of Portugal, Central banks from Spain and Portugal respectively

BKT

Bankinter

CAGR

Compound annual growth rate

CET1

Common Equity Tier 1

Customer volumes

Includes loan book, retail funds and AUMs

Customer wealth

Includes volumes in accounts and deposits, AUMs and AUCs from Wealth and Retail customers

EPS

Earnings per share

ESMA

European Securities and Markets Authority

FV

Fair Value

HTC

Held to collect

INE

Instituto Nacional de Estadística, Spanish national statistics institute

LtD

Loan-to-Deposit

MREL

Minimum Requirement for own funds and Eligible Liabilities

NPL

Non-performing loan

P2R (Pilar II)

It is a specific capital requirement for each entity that complements the minimum capital requirement (known as Pillar 1 requirement) in cases where it

undervalues or does not cover certain risks. It is determined in the context of the Supervisory Review and Evaluation Process (SREP)

ROE

Return on Equity

ROTE

Return on Tangible Equity

RWAs

Risk weighted assets

SICAV

Investment Company with Variable Capital

SREP

Supervisory Review and Evaluation Process

TBV

Tangible Book Value

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