CaixaBank has recorded financial results for the first quarter of the year that beat those of those, which were already records. The entity has recorded a profit of 1,572 million euros from January to March, which represents an increase of 7%. The interest margin increased by 0.6%, to 2,662 million, according to the accounts presented to the market regulator this Thursday.
The announced profit exceeds the expectations of Bloomberg analysts, who expected 1,480 million, in line with the results of 2025, while the interest margin figure remains within the expected environment. The gross margin grew by 2.9%, to 4,127 million euros, in line with expectations.
The entity explains that the period from January to March has been marked by a reduction in credit performance, in an environment of lower interest rates. This effect has been offset by a lower cost of deposits and institutional financing, despite the increase in volume. On the other hand, the entity recognizes higher fixed income income due to the positive effect of average rate and volume. Gross customer credit stands at 388,183 million euros, with an increase of 1% in the quarter.
The banking sector faces a context of strong uncertainty as a result of the conflict in the Middle East, in an environment of rising oil prices, which may lead to increases in interest rates, but also higher inflation and lower economic growth. “Although the markets anticipate a short-term conflict, uncertainty about its evolution and geographical scope remains high,” CaixaBank acknowledges.
In this context, Caixabank’s non-performing loan ratio stands at 1.98%, after reducing doubtful loans by 278 million euros in the quarter. For its part, the coverage ratio increases to 79%, which implies an increase of 2 basis points in the quarter. Regarding solvency, the Common Equity Tier 1 (CET1) ratio stands at 12.5%, which reflects the extraordinary impact of 20 basis points of the eighth share buyback program announced on April 30, 2026, for 500 million euros.
The entity has focused on service income in the quarter, especially wealth management. This heading, which includes wealth management, protection insurance and banking commissions, amounts to 1,374 million euros, with an increase of 7.5% year-on-year. The increase in managed assets boosts wealth management income by 9.5%, which stands at 536 million euros. For its part, income from banking fees amounted to 512 million, 2% more.
In addition, Caixabank has announced a capital reduction through the amortization of its own shares. The entity’s share capital is reduced by 48,590,729 euros, through the amortization of 48,590,729 treasury shares of one euro nominal value each, representing approximately 0.69% of the share capital, which corresponds to the seventh share buyback program that was concluded in March. The maximum amount planned is 500 million euros,
[Noticia en desarrollo. Habrá ampliación]
