Brief: Bank Of Ireland FY profit before tax 1.4 bln eur, sees earnings growth to 2028

Bank of Ireland

02/03/2026 07:07

March 2 (Reuters) - Bank of Ireland Group PLC BIRG.I:

BANK OF IRELAND - FY PROFIT BEFORE TAX 1.4 BILLION EUR VERSUS 1.986 BILLION EUR IN 2024

BANK OF IRELAND - PROPOSED DISTRIBUTION 1.2 BILLION EUR (1.22 BILLION EUR LAST YEAR), 667 MILLION EUR ORDINARY DIVIDEND, 530 MILLION SHARE BUYBACK (100% PAY-OUT RATIO)

BANK OF IRELAND - NET INTEREST INCOME (NII) 3.37 BILLION EUR (VERSUS >EUR 3.3BN F'CAST), IRISH LENDING, DEPOSIT BOOK BOTH +6%; WEALTH ASSETS UNDER MANAGEMENT +9%

BANK OF IRELAND - FULLY LOADED CORE TIER 1 CAPITAL RATIO 15.1% VERSUS 16.2% AT END-SEPT

BANK OF IRELAND - ADJUSTED ROTE OF 13.9% (16.3% EX UK MOTOR FINANCE PROVISION), STATUTORY ROTE OF 10.9% (12.8% EX UK MOTOR FINANCE PROVISION)

BANK OF IRELAND - NET CREDIT IMPAIRMENT 193 MILLION EUR, NON-CORE CHARGE OF €430M, INCLUDING UK MOTOR FINANCE PROVISION OF €264M

BANK OF IRELAND - OPERATING EXPENSES WERE UP 3% TO €2.03BN, IN LINE WITH EXPECTATIONS, COST-INCOME RATIO 49%

BANK OF IRELAND - NII GUIDANCE UPGRADED; C.€3.4BN IN FY26; >€3.6BN IN FY27; >€3.85BN IN FY28

BANK OF IRELAND - LOAN BOOK GROWTH TO AVERAGE C.4% P.A.; DEPOSIT BOOK C.3% P.A. FROM 2026-2028

BANK OF IRELAND - SEES 2026 STATUTORY ROTE OF C.12.5%  (EQUIVALENT TO C.15.5% ON PRIOR ADJUSTED BASIS), BUILDING TO >16% BY 2028

BANK OF IRELAND - TARGETS CET1 CAPITAL GUIDANCE UPDATED TO C.14.5% 2026-28, PROJECTED CUMULATIVE NET CAPITAL GENERATION1 OF C.€3.7BN WITH SIGNIFICANT SURPLUS CAPITAL GENERATION

BANK OF IRELAND - SEES 2026 TOTAL COSTS OF €2.2BN, COST INCOME RATIO FLAT VERSUS 52% IN FY25 (ON NEW BASIS); TARGETING MID-40S IN FY28

Further company coverage: BIRG.I

 (Reporting By Padraic Halpin)

 ((Padraic.Halpin@thomsonreuters.com;))