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1H2025 24th of July 2025 Earnings Presentation
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2 Similarly, Bankinter advises that this presentation may contain forward-looking statements, regarding the business evolution and results of the entity. While these statements represent our opinion and future expectations, various risks, uncertainties and other important factors may cause results to differ significantly from our expectations. These factors include, but are not limited to, (1) general market trends, macroeconomic, political, and new regulations, (2) variations in both local and international stock markets, foreign exchange and interest rates, as well as other market and operational risks, (3) competitive pressures, (4) technological developments, (5) changes in the financial situation, credit capacity, or solvency of our clients, debtors, and counterparties, etc. The financial information contained in this document has been prepared in accordance with International Financial Reporting Standards (IFRS). This document also includes certain Alternative Performance Measures (APMs), as defined in the Guidelines on Alternative Performance Measures published by the European Securities and Markets Authority (ESMA) in October 2015 (ESMA/2015/1415). Bankinter uses certain APMs, which have not been audited, to allow users to better understand the Company’s financial performance. These measures should be considered as additional information and under no circumstances replace the financial information prepared under IFRS. Furthermore, the way in which Bankinter defines and calculates these measures may differ from other similar measures calculated by other companies and, therefore, may not be comparable. The ESMA Guidelines define APMs as a financial measure of historical or future financial performance, financial position or cash flows, other than a financial measure defined or specified in the applicable financial reporting framework. To learn more about the APMs used and the reconciliation of certain indicators, please see the relevant quarterly financial report of Bankinter, which can be found in Excel format on its website under Shareholder and Investor Relations/Financial Information/Quarterly financial information in excel. Notwithstanding any legal requirements or any limitations imposed by Bankinter that may be applicable, any form of use or application of the contents of this presentation, as well as the use of the signs, trademarks, and logos contained therein, is expressly prohibited. This prohibition extends to all types of reproduction, distribution, transfer to third parties, public communication, and transformation, by any means or medium, for commercial purposes, without the prior and express authorization of Bankinter and/or other respective owners of the presentation. Failure to comply with this restriction may constitute an infringement that the current legislation may sanction in such cases. In the event of any discrepancies between this presentation and the original version in Spanish, the latter shall prevail as the authoritative document over this translation. Disclaimer Bankinter presents its financial statements in accordance with the regulatory framework applicable to the Group, set out in the Commercial Code and other company regulations, as well as by International Financial Reporting Standards adopted by the European Union, and prudential regulation with our best estimation of regulatory ratios. The purpose of this presentation is purely informative, and its content should not be understood as an offer or recommendation to buy or sell financial instruments issued by Bankinter, S.A. ("Bankinter" or "BKT") or any other companies mentioned herein. Investors should make their own investment decisions, seeking the specialized advice they deem necessary and not relying on the information contained in this presentation.
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3 /01 Highlights /03 Geographies & Businesses /02 Results & Solvency /04 Closing Remarks AGENDA
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4 /01 Highlights
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5 +11% CUSTOMER LENDING +6% RETAIL DEPOSITS +6% AUMs +18% Accelerated growth & earnings momentum. Margins hold strong. Uplift in customer volumes Resilience in margins NPL RATIO 2,14%Best-in-class management ratios COST-TO-INCOME RATIO 36% vs 1H24 1H25 Net profit €542M ROTE 19,5% Last 12 months CUSTOMER VOLUMES1 +9% 1Includes customer lending, retail deposits and Assets under Management (“AUMs”). .1 Highlights 1H25 1H25 NIM 1,83% CUSTOMER MARGIN 2,73% Strength in fee & revenue results NII -5% NET FEES vs 1H24 GROSS OPERATING INCOME +6%
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6 Highlights 01. Strong customer volume trends Commercial ambition continues to drive long-term growth .1 By category € billion, % variation vs jun-24 +9% +€19Bn vs jun-24 79 80 83 81 83 86 53 58 62 212 221 231 jun-24 dec-24 jun-25 AUMs +18% Retail deposits +6% Customer lending +6% By new origination % YTD, % variation vs jun-24 88% 10% 2% Spain +8% Portugal +15% Ireland +20% By geography % customer volumes, % variation vs jun-24 27% 14% 59% Mortgages +21% Consumer -10% Corp & SME +15%
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7 -1% Highlights 01. Core revenues € million Earnings inflection point. Net interest income increases 4%. Fees supporting income growth .1 Gross operating income € million € million Net interest income +2% +6% 1.160 1.101 342 380 1.502 1.481 1H24 1H25 NII Net Fees 1.410 1.494 1H24 1H25 +4% 550 541 560 4Q24 1Q25 2Q25
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8 31 33 35 4,3 € 4,4 € 4,5 € 4,6 € 4,7 € 4,8 € 20 25 30 35 40 45 dec-23 dec-24 jun-25 01. Productivity by employee Highlights .1 Technological & customer migration from EVO to Bankinter completed. Economies of scale +20 new cases this year, with tangible impact on operational and commercial efficiency, implemented in business segments and corporate services.AI GEN Cases New deployment, multiplying AI models’ commercial productivity, prioritizing initiatives that promote scalability and better governance.Cloud platform for IA models Costs to customer volumes 4,8 € 4,8 € 4,6 € 3,0 € 3,2 € 3,4 € 3,6 € 3,8 € 4,0 € 4,2 € 4,4 € 4,6 € 4,8 € 5,0 € dec-23 dec-24 jun-25 Customer volumes / Employees (€ million) Operating expenses / Customer volumes (€ million for each € billion) Digital transformation driving efficiency: IA and Cloud catalysts for scalability & productivity improvements
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9 17,1% 17,9% 18,4% 2023 2024 1H25 37,3% 36,3% 35,9% 2023 2024 1H25 Highlights Record profitability, strengthened by efficiency and asset quality levels.1 1 4Q24 aggregated data from ECB Data Portal. Supervisory data Business model Diversified Lenders includes 30 European Peers. Table T02 and T04.05. Quartile data, Significant Institutions (SIs). European peers1 Cost-to-income ratio: 47,8% European Peers1 ROE: 12,2% 1st quartile out of +100 European SIs 4º quartile out of +100 European SIs NPL & Coverage ratiosCost-to-income ratio ROE 19,5% ROTE 2,1% 2,1% 2,1% 65% 69% 70% 40,0% 45,0% 50,0% 55,0% 60,0% 65,0% 70,0% 0,0% 2,0% 4,0% 6,0% 8,0% 10,0% 12,0% 14,0% 16,0% 18,0% 20,0% 2023 2024 1H25 NPL ratio Coverage ratio 12-month periods
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10 10 /02 Results & Solvency
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11 Results & Solvency Solid P&L results Bankinter Group 1H25 1H24 Dif. € Dif. % Net interest income 1.101 1.160 -59 -5% Net fees 380 342 +38 +11% Other income / expenses 13 -92 +105 n.a. Gross operating income 1.494 1.410 +84 +6% Operating expenses -536 -481 -55 +11% Pre-provision profit 958 929 +29 +3% Cost of risk & other provisions -193 -214 +21 -10% Profit before taxes 766 715 +50 +7% Net profit 542 473 +68 +14% .2 € million
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12 583 568 550 541 560 2Q24 3Q24 4Q24 1Q25 2Q25 Results & Solvency Increasing NII driven by significant reduction in cost of deposits Δ Δ 4,41 4,33 4,14 3,95 3,71 1,40 1,47 1,40 1,21 0,98 3,01 2,86 2,74 2,74 2,73 2,06 1,92 1,87 1,84 1,83 2Q24 3Q24 4Q24 1Q25 2Q25 Customer credit yield Customer deposit cost Customer margin NIM +4% vs 1Q25 quarterly in % Customer margin & NIMNet interest income € million .2 -23bps vs 1Q25 Cost of deposits
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13 Results & Solvency ALCO bond portfolio continues to support NII momentum 2,4x11%ALCO Portfolio / Total Assets ALCO Portfolio / Equity 12,7 13,9 14,1 14,7 0,0 2,0 4,0 6,0 8,0 10,0 12,0 14,0 16,0 18,0 20,0 jun-24 dic-24 mar-25 jun-25 ALCO Portfolio Size € billion as of jun-25 HTC FV Total YoY Difference Amount (€Bn) 14,2 0,5 14,7 +2,0 Duration (years) 5,1 1,5 4,9 -0,2 Avg. maturity (years) 9,6 1,7 9,3 +0,5 Yield (%) 2,5 1,4 2,5 +0,0 Unrealised Capital gains (€M) -110 -9 -119 +485 +16% vs jun-24 .2
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14 33 192 249 Insurance Transactional Management & Brokerage 1 Results & Solvency Continued strength in fee dynamics Net fees € million Gross fees received vs 1H24, € million +13% +2% +6% .2 +11% Net Fees vs 1H24 40% 53% 7% % Fees received 303 342 380 1H23 1H24 1H25 1 Including additional income from the insurance JV, +13% vs 1H24
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15 Bankinter Group 1H25 1H24 Dif. € Dif. % Equity method 21 12 +9 +77% Trade income/losses & Dividends 37 30 +7 24% Regulatory charges -16 -111 +95 n.a. o/w banking tax 0 -95 +95 n.a. Other operational income/losses -29 -22 -7 +25% Total 13 -92 +105 n.a. Results & Solvency Other income & expenses € million .2
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16 Results & Solvency Reduced seasonality and stability in operating expenses Operating expenses € million .2 232 249 263 309 269 267 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Operating expenses Average quarterly expenses in the year €263M 2024 quarterly average +2% / +€4M vs 2024 quarterly average 36% Cost-to- income ratio 1H25
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17 Results & Solvency Operating expenses breakdown02. 451 59 26 Spain Portugal Ireland 536M € +15%+15% +11% 316 175 44 Personnel expenses Admin expenses Amortization 536M € +19% +1% By geography % vs 1H24, € million .2 % vs 1H24, € million By type +4%
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18 155 176 150 0,38% 0,40% 0,32% 0,00% 0,05% 0,10% 0,15% 0,20% 0,25% 0,30% 0,35% 0,40% 0,45% 0 50 100 150 200 250 1H23 1H24 1H25 Provisions and other impairments Annualized cost Results & Solvency Improvements in cost of risk and provisions 1. Calculations based on end of period data and excluding extraordinaries Other provisions % of eligible risk, columns in € million Credit risk % of eligible risk, columns in € million .2 46 37 37 0,11% 0,09% 0,08% 0,00% 0,05% 0,10% 0,15% 0,20% 0,25% 0,30% 0,35% 0,40% 0,45% 0 50 100 150 200 250 1H23 1H24 1H25
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19 273 258 222 270 272 2Q24 3Q24 4Q24 1Q25 2Q25 Results & Solvency Return to historical quarterly profits 389 367 277 378 387 2Q24 3Q24 4Q24 1Q25 2Q25 Net profit € million Profit before taxes € million ~ 0% vs 2Q24 ~ 0% vs 2Q24 .2 19
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20 Results & Solvency Credit risk and asset quality NPLs, NPL ratio & coverage ratio € billion and in % .2 -3bps NPL ratio vs. +6% eligible risk vs jun-24 2,4% 1,3% 0,3% 3,2% 2,4% 1,0% Bk Spain Bk Portugal Bk Ireland Bankinter Sector NPL by region vs last sector data 1Sector NPL data based on the last available data published by each national bank as of July 2025 Asset quality1 1,90 1,88 1,98 2,17% 2,11% 2,14% 68% 69% 70% jun-24 dec-24 jun-25 NPLs NPL ratio Coverage ratio
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21 Results & Solvency Solid liquidity metrics02. Liquidity gap € billion Loan to Deposits 94,7% In % Wholesale funding maturities € million 1.100 1.024 1.632 4.550 2025 2026 2027 2028 2029 ≥2030 €21,1BnHQLAs 12M average €5,3BnIssuance Capacity €35,9BnLiquid Assets 193%LCR 12M average 95,6% dec-24jun-24 97,3% jun-25 .2 -4,5 -4,8 -3,9 -6 -4 -2 0 jun-24 dec-24 jun-25
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22 12,41 12,58 12,570,59 -0,34 -0,08 0,13 -0,14 dec-24 Retained earnings Business (RWAs) Intangible & others % CET1 pre CRR3 & valuation adj. Valuation adjustments CRR3 Impact jun-25 Results & Solvency Strong capital & solvency ratios CET1 12,57% Buffer +4,63% Regulatory Min. 7,94% CET1 ratio % Leverage ratio Total Capital ratio 17,3% +25pbs organic generation 5,1% 2025 Capital Pillar II (P2R) Capital Requirement 1,30% 4º lowest out of 110 European entities .2
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23 /03 Geographies & Businesses
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24 Robust commercial activity and revenues across regions Geographies & Businesses 03..3 Gross operating income % contribution, % variation vs 1H24 84% 12% 4% Spain Portugal Ireland +11% +6% +3% Customer volumes % customer volumes, % variation vs jun-24 88% 10% 2% Spain Portugal Ireland +15% +20% +8%
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25 €68Bn €78Bn AUM €57Bn AUC €76Bn +18% YoY +13% YoY Corp. & SME banking €33bn +6% Retail Banking €34bn +4% Retail deposits +5% YoY Customer lending +4% YoY €133Bn1 +15% YoY Spain Geographies & Businesses 03. 1H25 1H24 Dif. % Net interest income 904 972 -7% Net fees 337 300 +12% Other income / expenses 20 -85 n.a. Gross operating income 1.261 1.187 +6% Operating expenses -451 -408 +11% Pre-provision profit 809 779 +4% Cost of risk & other provisions -169 -187 -9% Profit before tax 640 593 +8% Business KPIs € million P&L Spain includes corporate center and consolidation adjustments 1 Assets under Management:+ Assets under Custody Cost-to- income ratio 36% .3 +1% Costs 2Q vs ‘24 quarterly average
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26 Geographies & Businesses Portugal 1H25 1H24 Dif. % Net interest income 142 140 +1% Net fees 39 37 +4% Other income / expenses -3 -4 -40% Gross operating income 178 173 +3% Operating expenses -59 -51 +15% Pre-provision profit 120 122 -2% Cost of risk & other provisions -15 -20 -24% Profit before tax 104 102 +2% €11Bn €10Bn 1 Corp. & SME Banking €3,5Bn +8% Retail Banking €7,2Bn +12% Customer deposits+20% YoY Customer lending +11% YoY €10Bn 2 +13% YoY Business KPIs Cost-to- income ratio 33% P&L € million .3 AUM €5Bn AUC €5Bn +17% YoY +8% YoY 1 Includes wholesale customer deposits 2 Assets under Management + Assets under Custody +6% Costs 2Q vs ‘24 quarterly average
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27 €4Bn Consumer €1Bn +13% Mortgages €3Bn +22% Customer lending +20% YoY Geographies & Businesses Ireland 1H25 1H24 Dif. % Net interest income 55 48 +15% Net fees 5 5 +5% Other income / expenses -5 -3 +74% Gross operating income 55 50 +11% Operating expenses -26 -23 +15% Pre-provision profit 29 28 +7% Cost of risk & other provisions -9 -7 +19% Profit before tax 21 20 +2% Business KPIs P&L € million Cost-to- income ratio 47% .3 0,3% NPL ratio +6% Costs 2Q vs ‘24 quarterly average
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28 +6% vs jun-24 Geographies & Businesses Corporate & SME banking growth acceleration 1Data BoS May 25. Table 19.16 Customer lending € billion 34 35 36 jun-24 dec-24 jun-25 BKT Spain +6% Customer lending growth (Spain) jun-25 vs jun-24 .3 International Business segment size & growth (Spain) New origination 63% 37% Domestic International Business % of total, % increase vs jun-24 Sector1 +3% 68% 32% Customer lending +2% +14% % of origination YTD
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29 Geographies & Businesses Wealth Management: growth reflects the high-quality customer base Customer wealth1 € billion +€9Bn Incremental wealth In 2025 .3 1 Customer wealth includes accounts, deposits, AUMs y AUCs Net new money ~ 50% +13% / +€16Bn Market effect ~ 50% 122 129 138 68 72 77 53 57 61 jun-24 dec-24 jun-25 Private Banking Retail Banking
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30 +7% Geographies & Businesses Retail Banking: increased trends in mortgage activity and strong account gathering Mortgage Backbook € billion New mortgage origination € billion Spain +3% Sector 4 +2% +6% vs jun-24 Portugal +11% Sector2 +6% Spain1 6% Portugal2 6% Ireland3 ,1 6% Ireland +22% 3Bank of Ireland, May 25, YTD 4BoS Table 19.16. May 25, last twelve months. 1INE April 25.Market share in Spain in the last 12 months. 2Bank of Portugal April 25, last twelve months. ~80% Fixed / Mixed .3 Market share +21% vs 1H24 Salary & 100% Digital accounts Thousand of accounts 1,3 1,61,6 1,8 1H24 1H25 1Q 2Q 35,6 36,5 37,7 jun-24 dec-24 jun-25 2,8 3,4 665 692 709 jun-24 dec-24 jun-25
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31 22 24 26 31 34 36 53 58 62 jun-24 dec-24 jun-25 Third party investment funds Bankinter products Geographies & Businesses Off Balance sheet volumes, leading the sector in growth € billion AUMs +17% +19% 03. €143Bn +€19Bn / +15% AUMs + AUCs vs jun-24 +7% +16% € billion AUCs1 vs jun-24 vs jun-24 47 48 54 24 25 26 71 73 80 jun-24 dec-24 jun-25 Fixed income securities Equity securities .3 c. 8bps p.a.in feesc. 60bps p.a. in fees 1 Includes securities from institutional clients
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32 /04 Closing Remarks
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33 418 473 542 1H23 1H24 1H25 5,36 5,94 6,55 0,18 0,22 0,27 5,54 6,16 6,82 1H23 1H24 1H25 TBV Dividends +23% Tangible Book value + Dividends approved in the period Closing Remarks Net profit ROE Generating value through compounding investment in profitable organic growth04. € million € per share Last twelve months +30% 17,1% 17,9% 18,4% 2023 2024 1H25 .4 +11%+14% 19,5% ROTE
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34 Closing Remarks 1H25 €542M +14% €1,494M +6% NII -5% Fees +11% €83Bn +6% €86Bn +6% Customer volumes CET1 12,6% NPL ratio 2,14% €958M +3% Results Cost-to-income ratio 36% Ratios €62Bn +18% vs jun-24 ROTE 19,5% TBV +10% Dividend yield 5,1% Value vs 1H24 vs 1H24 Customer lending Retail deposits AUMs Gross operating income Pre-provision profit Net profit jun-25jun-25 Last twelve monthsLast twelve months .4 +9% / €231Bn in Customer volumes s/ jun-24 1H25
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35 Bankinter | 60 years of profitable growth. ~6.600 employees shaping a bank that stands out for its quality and innovation. Presence in 4 countries and growing with international ambition. With a consistent strategy of organic, profitable growth. >10 billion euros market capitalization. Anchored by a committed & stable shareholder base. +130 billion euros in total assets. Aspiring to break the billion euros glass ceiling in net profit. One of the most profitable, solvent and efficient banks in Spain and Europe. One of the most sustainable banks in the world. The most profitable listed Spanish bank in the last decade. One constant, always Bankinter.
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36 Results 1H2025 24thJULY 2025
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37 /01 Results /02 Solvency Appendix /03 Geographies & Businesses /04 Glossary
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38 Bankinter Group 2Q25 1Q25 Dif. € Dif. % 2Q24 Dif. € Dif. % Net Interest Income 560 541 +20 +4% 583 -22 -4% Net Fees & Commissions 192 188 +4 +2% 176 +16 +9% Other Income/Expenses 10 3 +7 n.a. -7 17 n.a. Gross Operating Income 763 732 +31 +4% 752 +11 +1% Operating Expenses -267 -269 +2 -1% -249 -18 +7% Pre-provision Profit 495 463 +33 +7% 503 -7 -1% Cost of Risk and Other Provisions -108 -84 -24 +28% -114 +6 -5% Profit before Taxes 387 378 +9 +2% 389 -2 0% Total Group Net Profit 272 270 +1 +1% 273 -1 0% Results 2Q25 Profit & Loss Summary € million A.1
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39 -0,35% 0,38% 1,49% 2,83% 2,10% -1,00% 0,00% 1,00% 2,00% 3,00% 4,00% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Q122 Q222 Q322 Q422 Q123 Q223 Q323 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Sight Deposits EVO Sight EVO Term Term Deposits E12 Months 8% Results Deposit structure 76% Maturing 3Q25 76%73%69%65% 14%17%18%18% 5%5%8%8% 6%4%5%9% jun-25mar-25dec-24sep-24 Next quarter (Q) Q+2 Q+3 > Q+4 Deposit maturity profile 100% stacked bar, representing % of fixed term customer deposits and indexed sight deposits Deposit “Mix Shift” Quarterly evolution avg. 12M Euribor, Deposits 100% staked bar chart 20% Time deposits1 A.1 1. Including the impact of the migration of EVO accounts to the Bankinter Cuenta Inteligente structure
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40 A1. Results ALCO Portfolio 63% 25% 12% Spanish Sovereign Other Sovereign Other 295 417 853 1.681 911 10.513 2025 2026 2027 2028 2029 ≥2030 14,7Bn€ Maturities (as of jun-25) € million ALCO breakdown (as of jun-25) In % A.1 84% Fixed Rate
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41 12,35 12,49 12,57 0,29 -0.16 0,01 0,08 mar-25 Retained earnings Business, market & op. risk (RWAs) Intangibles & other % CET1 pre-adj. Valuation adj. jun-25 Solvency Strong capital & solvency ratios CET1 12,57% Buffer +4,63% Regulatory Min. 7,94% CET1 ratio Movements 2Q25, in % Leverage ratio Total Capital ratio 17,3% +13bps organic generation 5,1% 2025 Capital Pillar II (P2R) Capital Requirement 1,30% 4º lowest out of 110 European entities A.2
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42 Solvency Minimum Requirement for own funds and eligible liabilities MREL ratio % RWAs (TREA) A.2 12,4% 12,6% 1,6% 1,8% 2,5% 2,9% 5,0% 6,4% 1,3% 2,9% 22,8% 26,5% jun-24 jun-25 CET1 AT1 Tier 2 Senior non-preferred + other subordinated liabilities Senior preferred Requirement + CBR: 20,9% Requirement + CBR: 23,0% 21,5% Subordination 23,7% Subordination
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43 Geographies & Businesses 03.A.3 Mutual and pension funds diversification %, jun-25 Equities; 22% Mixed; 21% Fixed income; 32% Monetary funds; 8% Alternative Investment and others; 17% 53 58 62 jun-24 dec-24 jun-25 € billion Customer Off-Balance Sheet AUMs +18% vs jun-24 AUMs: Well diversified asset classes
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44 Glossary - Acronyms Concept Definition ALCO Asset–Liability Committee RWAs Risk weighted assets AUCs Assets under custody AUMs Assets under management BoS / BoP Bank of Spain / Bank of Portugal, Central banks from Spain and Portugal respectively BKT Bankinter EPS Earnings per share CET1 Common Equity Tier 1 ESMA European Securities and Markets Authority INE Instituto Nacional de Estadística, Spanish national statistics institute APMs Alternative performance measures MREL Minimum Requirement for own funds and Eligible Liabilities NPL Non-performing loan Customer wealth Includes volumes in accounts and deposits, AUMs and AUCs from Wealth and Commercial clients P2R (Pilar II) It is a specific capital requirement for each entity that complements the minimum capital requirement (known as Pillar 1 requirement) in cases where it undervalues or does not cover certain risks. It is determined in the context of the Supervisory Review and Evaluation Process(SREP) ROE Return on Equity ROTE Return on Tangible Equity SICAV Investment Company with Variable Capital SREP Supervisory Review and Evaluation Process CAGR Compound annual growth rate Customer volumes Includes loan book, retail deposits and AUMs A.4