Bankinter net profit rises 11% to 901 million euros through September

Profit rises on commercial growth

Bankinter reported a net profit attributable of 901 million euros for the first nine months of 2026, 11% above the same period of 2025. The bank sent the figures to the Comisión Nacional del Mercado de Valores (CNMV) on Thursday, 22 October, and the unrounded profit figure is 900.67 million euros, up 10.99%. Profit before tax reached 1,267 million euros, 10.8% higher than a year earlier. The bank attributed the gain to growth in its commercial activity with clients and to a more diversified revenue base. Bankinter opened the Spanish banking results season with these numbers.

Income lines

Net interest margin, the gap between what the bank earns on loans and what it pays on deposits, improved 5.68% to 1,761 million euros, which the bank linked to larger business volumes and better management of spreads. A second set of reports puts that figure at 1,762 million euros, with the rise at 6%. Gross margin, which captures all revenue, rose 6.49% to 2,397 million euros, driven by fee income. Net commissions, after payments to partners in its Agent Network and Banca Partner, totalled 650.73 million euros, 12.86% higher than a year earlier. Operating costs reached 833.9 million euros, up 2.3%, which left an operating margin of 1,563.6 million euros, 8.84% higher than at 30 September 2025.

Net interest margin1,761

Gross margin2,397

Net commissions650.73

Pre-tax profit1,267

Net profit901

Net interest margin

1761 million euros

Gross margin

2397 million euros

Net commissions

650.73 million euros

Pre-tax profit

1267 million euros

Net profit

901 million euros

Data from the article text

Lending and balance sheet

New mortgage production in the third quarter came to a little over 1,500 million euros, 8% more than in the same quarter of 2025. Roughly 720 million euros of that volume came from the Spanish business. Customer resources and assets under management reached 163,008 million euros, up 7.9%. Measured across lending, retail deposits and assets under management, customer volumes stood at 250,142 million euros, 7.1% higher than a year before. Total group assets closed the quarter at 132,149 million euros, up 2.7%.

Returns, capital and asset quality

Return on equity (ROE) stood at 19.2% at the end of the third quarter, and return on tangible equity (ROTE) at 20.4%, against 19.4% a year earlier. The CET1 capital ratio closed September at 13.2%, 24 basis points above September 2025 and well above the 8.6% minimum the European Central Bank requires of Bankinter. One report gives the CET1 ratio as 19.1%, a figure that conflicts with the 13.2% given elsewhere. The non-performing loan ratio fell 21 basis points to 1.84%. Loan-loss provisions dropped 1.07% to 52.73 million euros, while impairment losses on assets reached 239.65 million euros, 5.46% higher than in the same period last year.

The bank's account

Bankinter's statement to the CNMV framed the period in these terms:

“The Bankinter Group maintains a solid evolution of its results at the close of the third quarter, supported by growth in client activity, diversification of income and disciplined business management.”

The bank also said it intends to keep combining profitable growth with financial strength, and to keep generating value for shareholders in what it described as a particularly demanding market.

Efficiency and generative AI

The efficiency ratio improved to 34.78%, or 34.8% in another report, which the bank linked to a lean group structure, the recent integration of its consumer subsidiary and a broad rollout of digital transformation measures. Generative AI was singled out. According to the bank, the technology is raising employee productivity, improving customer service quality and reducing operating costs. La Vanguardia reported that the bank applies generative AI across all its processes.