Belgium's KBC Q4 net profit falls, EPS down

KBC Groep NV

12/02/2026 06:18

Overview

Belgium bank-insurer's Q4 net profit was 1.003 bln euros, down from last year

Basic EPS for Q4 was 2.44 euros, down from 2.75 euros last year

Company completed acquisitions in Slovakia and Czech Republic

Outlook

KBC aims for cost/income ratio below 38% by 2028

Company maintains guidance for combined ratio below 91% in non-life insurance

KBC expects capital impact of 50 basis points from acquisitions in 1Q2026

Result Drivers

INCOME DIVERSIFICATION - Higher net interest income, trading & fair value income, insurance revenues, and fee income contributed to Q4 results

LOAN AND DEPOSIT GROWTH - Loan portfolio grew 1% qtr-on-qtr and 7% yr-on-yr; customer deposits up 2% qtr-on-qtr and 3% yr-on-yr

COST MANAGEMENT - Operating expenses rose but remained within guidance; credit cost ratio at favorable 13 basis points

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
EUR 1.003 bln
Q4 Basic EPS
EUR 2.44


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Kbc Groep NV is €115.00, about 5.2% below its February 11 closing price of €121.30

Press Release: ID:nGNE9VlsRM

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)