Bankinter quarterly net profit beats forecasts on lending income (updated)

BANKINTER

23/04/2026 08:11

Recasts and writes through, adding CFO comment and share price reaction

First-quarter net profit up 8% at 291 million euros

Net interest income jumps 5.5%

By Jesús Aguado

MADRID, April 23 (Reuters) - Spain's Bankinter BKT.MC kept its 2026 guidance unchanged on Thursday despite an uncertain outlook for lending income owing to the economic impact of the war in Iran.

Finance chief Jacobo Diaz said that the bank would consider changes to its guidance in its next results presentation, adding that current profitability is expected to be sustained in the coming quarters.

The bank expects quarter-on-quarter growth in net interest income (NII) this year and remains confident in its ability to deliver high-single-digit growth in fee income, he said.

In January, Bankinter said it expected margins to rise in 2026 alongside an expected mid-single-digit percentage rise in loan volumes.

The bank's NII, earnings on loans minus deposit costs, rose 5.5% to 571 million euros, in line with forecasts. NII also rose slightly, by 0.1%, from the previous quarter, helped by lower deposit costs.

Shares in Bankinter were down 2% in morning trade, having climbed by more than 80% in 2025.

The bank beat forecasts with an 8% rise in first-quarter net profit to 291 million euros, helped by solid economic growth in its home market.

($1 = 0.8543 euros)

(Reporting by Jesús Aguado; additional reporting by Emma Pinedo;
Editing by David Goodman)

((jesus.aguado@thomsonreuters.com; +34 91 835 68 32; Reuters Messaging: Reuters Messaging: jesus.aguado.reuters.com@reuters.net))