Finance
Spain's Bankinter Q1 Net Profit Rises 8% From Same Period in 2025
Published by Global Banking & Finance Review®
Posted on April 23, 2026
2 min readLast updated: April 23, 2026
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Bankinter’s Q1 2026 net profit rose to €291 million (+8% yoy), beating analyst expectations, boosted by rising loan volumes and fee income, building on its record 2025 performance.
Bankinter's Q1 net profit rises 8%, buoyed by loans
Bankinter Reports Strong First-Quarter Results
Net Profit and Analyst Expectations
MADRID, April 23 (Reuters) - Spain's Bankinter said on Thursday its first-quarter net profit rose 8% from the same period in 2025 thanks to an increase in fees and loans which was supported by solid economic growth in its home market.
The country's fifth-biggest bank by market value reported a net profit of 291 million euros ($341 million) in the January to March period, above the 283 million euros expected by analysts polled by Reuters.
Growth in Fees and Commissions
As banks try to lift non-core banking revenues, Bankinter's net fees and commissions rose 8% year-on-year in the period, though they fell 7% from the previous quarter.
Impact of Loan Costs and Interest Rates
Spanish banks have benefited from higher costs of loans, although this tailwind had reversed as interest rates had been falling. However, recent geopolitical tensions due to the U.S.-Israeli war on Iran are triggering a rise in inflation and markets are close to fully pricing in two 25-bp rate hikes by the year's end.
Net Interest Income and Forecasts
In this context, Bankinter's net interest income - earnings on loans minus deposit costs - rose in the first quarter 5.5% year-on-year to 571 million euros, in line with forecasts.
($1 = 0.8543 euros)
(Reporting by Jesús Aguado; Editing by David Latona)
Key Takeaways
- •Net profit of €291 million in Q1 2026 vs €270 million a year ago, surpassing consensus of €283 million.
- •Growth driven by expanded loan book and higher fee income, continuing focus on high‑value services.
- •Momentum follows Bankinter’s record >€1 billion net profit in 2025 and proposal of highest-ever dividend.
Frequently Asked Questions about Spain's Bankinter Q1 net profit rises 8% from same period in 2025
1How much did Bankinter's Q1 net profit increase year-on-year?
Bankinter's Q1 net profit increased by 8% compared to the same period last year.
2What was Bankinter's net profit in Q1?
Bankinter reported a net profit of 291 million euros for the first quarter.
3What factors contributed to Bankinter's profit growth?
The profit growth was mainly driven by a rise in loans and fees.
4How did Bankinter's Q1 profit compare to analyst expectations?
Bankinter's net profit exceeded analyst expectations of 283 million euros.
5What is Bankinter's rank by market value among Spanish banks?
Bankinter is the fifth-largest bank by market value in Spain.
