Spain · Delayed Price · Currency is EUR Unicaja Banco Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong growth in business volumes, mutual funds, and net income, with asset quality and capital ratios remaining robust. Guidance for 2026 is reaffirmed despite geopolitical risks, with higher shareholder remuneration and continued focus on digitalization and sustainability.
Fiscal Year 2025
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2025 saw a turnaround with 2% loan growth, 10% higher net profit, and a record 29% dividend increase, driven by strategic diversification, digitalization, and efficiency gains. Outlook for 2026 is positive, with continued growth in income, business volume, and shareholder returns.
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Net profit rose 11.5% year-over-year to €503 million, surpassing annual targets, with strong growth in mutual funds and improved credit quality. Guidance for 2025 was upgraded, with higher net interest income and lower cost of risk expected.
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Net profit rose 15% year-over-year to €338 million, with strong growth in mutual funds, improved asset quality, and a CET1 ratio of 15.8%. Guidance for 2025 was upgraded for NII, fees, and profitability, while an interim dividend 10% higher than last year was approved.
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Net income surged 43% year-on-year to EUR 158 million, with strong loan growth and improved asset quality. CET1 ratio rose to 15.4%, and the cost-to-income ratio improved to 46%. Guidance for NII above EUR 1.4 billion is maintained, with low rate sensitivity.
Fiscal Year 2024
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Record net profit of €573 million in 2024, up 115% year-over-year, driven by strong profitability, cost control, and business growth. Shareholder remuneration increased to 77% of profits, with a new strategic plan targeting further growth, digitalization, and a payout ratio above 85% over the next three years.
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Net income surged 58% year-on-year, driven by higher banking margin and lower provisions, with asset quality and capital ratios at best-in-class levels. 2024 guidance was raised for NII growth and cost of risk, while fee income is expected to decline due to strategic shifts.
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Net income nearly doubled year-over-year to €294 million in H1 2024, driven by higher revenues, lower provisions, and improved asset quality. NII guidance for 2024 was upgraded to close to 10%, with ROTE expected above 10% and strong capital and liquidity maintained.