Poland · Delayed Price · Currency is PLN mBank Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 profit driven by strong loan and deposit growth, robust fee income, and cost discipline. Capital ratios remain well above regulatory minimums, with stable asset quality and a 30% dividend payout targeted for 2026.
Fiscal Year 2025
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Record 2025 results with net profit of PLN 3.5 billion, double-digit growth in loans and deposits, and significant reduction in Swiss franc legal risk. 2026 guidance anticipates stable performance, resilient fee income, and further decline in legal risk costs.
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Revenues rose 5% year on year to over PLN 9.4 billion for the first nine months, with strong loan and deposit growth and a record Q3 in mortgage sales. Legal risk costs and Swiss franc exposures are declining, while capital and profitability remain robust. 2025 is expected to be a record year, with further business expansion and sustainability initiatives ahead.
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The strategy targets over 10% market share in core products by 2030, driven by organic growth, digital innovation, and a focus on affluent and SME clients. Financial goals include a cost-to-income ratio below 35%, return on tangible equity above 22%, and tripling net profit by 2030, with a rising dividend payout.
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Record revenues and profits were achieved in H1 and Q2 2025, driven by strong loan and deposit growth, improved asset quality, and declining legal risks. Capital was further strengthened by a major Tier II bond issuance, and full-year revenues are expected to surpass PLN 12 billion.
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Strong Q1 2025 results with 9% loan growth, revenues over PLN 3 billion, and ROE of 15.6%. Legal risks from Swiss franc loans are declining, with settlements accelerating and provisions expected to peak in 2025. Capital and efficiency remain robust amid positive macroeconomic trends.
Fiscal Year 2024
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Record 2024 results with highest-ever net profit, strong loan growth, and improved capital position. Swiss franc mortgage risk sharply reduced through settlements and provisioning. 2025 guidance anticipates slightly lower revenue, higher costs, and final material FX legal risk impact.
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Record revenues and strong loan growth marked Q3, with historic mortgage sales and robust capital ratios. Swiss franc legal risks are declining, and 2024 income is set to reach a historic high, while 2025 will see slightly lower but still strong revenues.
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Q2 2024 saw record net profit despite legal and credit holiday costs, with revenues up 7.7% quarter-on-quarter excluding one-offs. Capital ratios remain strong, cost-income ratio is at 27%, and the bank aims to exceed PLN 11 billion income in 2024 while increasing market share.