CaixaBank profit rises 12.9% to 4,962 million euros in nine months, with 1,281 million interim dividend

Profit rises on lending and fees

CaixaBank earned 4,962 million euros in the first nine months of the year, 12.9% more than in the same period a year earlier, a result the bank put down to growth in its business. Net interest income reached 8,186 million euros, up 2.9%, and the third quarter alone rose 2.5% on the second quarter to 2,796 million. Service revenue, which covers wealth management, insurance and commissions, climbed 7.7% to 4,182 million euros. Within that, wealth management income rose 12.5% to 1,669 million and protection insurance income rose 14.5% to 1,000 million, while banking commissions fell 0.9% to 1,513 million. Gross margin came to 12,656 million euros, up 4.4%, and third-quarter profit was 1,759 million euros, 7.8% above the previous quarter.

Management view

Chief executive Gonzalo Gortázar described the period in a statement the bank sent to Spain's securities regulator, the CNMV.

“We are growing in a solid and balanced way, winning customers and increasing our activity.”

Gortázar also pointed to artificial intelligence being rolled out across the organisation, with improvements he said were already visible in customer experience and sales capacity. The bank reported 47,747 employees at the end of September, 627 more than a year earlier. The tax levied on banks was booked at 452 million euros, against 446 million euros a year earlier.

Lending, customers and asset quality

Performing loans reached 397,469 million euros, up 8%. Lending to businesses rose by 19,404 million euros (11.4%), mortgages by 9,551 million euros (7%) and consumer loans by 2,195 million euros (9.8%). The bank said 60% of its mortgage book is now tied to fixed rates, against 20% in 2021. Customer funds totalled 760,353 million euros, up 5.6%, with deposits at 438,932 million euros (up 2.7%) and managed assets at 216,333 million euros (up 10.6%). CaixaBank now serves 21.1 million customers in Spain and Portugal, adding 480,000 net new customers over the last 12 months. Non-performing loans fell by 891 million euros since December, and the non-performing loan ratio stood at 1.76%.

Business loans11.4%

Mortgages7%

Consumer loans9.8%

Business loans

11.4 %

Mortgages

7 %

Consumer loans

9.8 %

Data from the article text

Costs, capital and returns

Operating costs, including administration and amortisation, rose 4.3% to 5,004 million euros, lifting the efficiency ratio to 39.4%. Return on tangible equity reached 18.8% over twelve months, against 17.8% in September 2025, and the bank has said it expects to reach 20% by the end of its strategic plan in 2027. The CET1 ratio of the highest-quality capital stood at 12.5%, a level that already reflects a 20 basis point impact from a 500 million euro share buyback programme. Coverage of non-performing loans was 82%, and the cost of risk was 0.24%.

Dividend and sector comparison

The board approved an interim dividend of 1,281 million euros, or 18.44 cents gross per share, to be paid on 6 November. On Friday, 30 October, the bank filed its results with the CNMV. Among six large Spanish banks (Santander, BBVA, CaixaBank, Sabadell, Bankinter and Unicaja), combined nine-month profit reached 29,253 million euros, up 15.09%. Santander led with 12,405 million euros, including a net gain of 1,895 million euros from selling its Polish subsidiary. BBVA reported 9,066 million euros, CaixaBank ranked third, and Sabadell earned 1,376 million euros, 1% less than a year earlier.

Santander12,405

BBVA9,066

CaixaBank4,962

Sabadell1,376

Santander

12405 million euros

BBVA

9066 million euros

CaixaBank

4962 million euros

Sabadell

1376 million euros

Data from the article text