Bankinter presented its results for the first nine months of the year (9M2026) on Thursday, for which we publish the year-on-year comparative table and with the FactSet consensus.
The interest margin of Bankinter reached record levels, up to 1,762 million euros in these first nine months of the year (9M2026), a 5.7% increase compared to the same period in 2025 (and in line with the FactSet consensus estimate), thanks to higher business volumes and good management of spreads.
The net commissions, which are those received from various businesses and activities minus those paid to partners of the Agent Network and Partner Banking, totalled 651 million and represent a 12.9% improvement year-on-year. Thus, the gross margin, which includes all income, grew by 6.5% year-on-year (-0.6%; analyst consensus), reaching 2,397 million euros, driven by strong figures from the commission line.
Meanwhile, operating costs amounted to 833.9 million in 9M2026, a 2.3% increase over the amount from a year ago, a growth that remains contained and below the growth of income. After deducting these costs from the gross margin, the operating margin result before provisions or net operating profit (Ebit) was EUR 1,563.6 million, an 8.8% increase compared to 30 September 2025. In terms of gross margin, the Ebit margin closed September at 65.2% (vs 63.8%; 9M2025; 65.3%; analyst consensus).
Bankinter achieved a profit before tax (BAI) of 1,267 million euros (+10.8% year-on-year; -0.2%: analyst consensus), and a net profit attributable of 901 million (+11% year-on-year; +0.1%; FactSet consensus).
In terms of the balance sheet, Bankinter's total assets reached 132,149 million as of 30 September 2026, a 2.7% increase over the previous year. The investment portfolio totals 87,134 million, representing a 5.6% increase. Regarding client resources plus assets under management, they total 163,008 million, a 7.9% increase compared to the same date in 2025.
As for solvency, the CET1 capital ratio rose at the end of Q3 2026 to 13.2%, well above the minimum required by the ECB for Bankinter, which is currently 8.6%. Another ratio that is clearly differential and in which the bank traditionally holds leading sector positions is efficiency, which stands at 34.8%, substantially lower than the figure from a year ago.
The consistent trend of the year is evidenced in the different ratios from the income statement, starting with the improvement in profitability, with a ROE (return on equity) standing at 19.2% and a ROTE consolidating at an impressive 20.4%
It also experienced a reduction in non-performing loans, which demonstrates the rigor in the bank's credit activity performance with a ratio of 1.84%, 21 basis points lower than a year ago, and with a coverage ratio of 66.8%.
