Q1 2026 Erste Group Bank AG Earnings Call Transcript

Apr 30, 2026 / 07:00 AM GMT

Release Date Price: $113.31 (-7.05%)

Transcript

Key Points

Positve

Erste Group Bank AG. (EBKDY) reported a strong start to 2026 with a year-on-year increase in net interest income and net fee income by 6.5% and 7.3%, respectively.
The consolidation of Ersta Bank Polsker has positively contributed to the financial attractiveness of the franchise, with operating profit including the new unit comfortably above EUR 2 billion.
The bank achieved a record operating result, excluding Ersta Bank Polsker, at over EUR 1.6 billion, indicating strong operational performance.
Asset quality remained robust with a stable group NPL ratio at 2.4%, and the inclusion of Ersta Bank Polsker had a positive effect on asset quality metrics.
Erste Group Bank AG. (EBKDY) is on track to achieve its financial goals for 2026, including a return on tangible equity of around 19% and earnings per share growth of more than 20%.

Negative

Cost inflation was driven by staff and IT costs, including EUR 30 million in Polish integration costs, which could pressure future profitability.
Banking taxes spiked this quarter due to the inclusion of Ersta Bank Polsker and increased extra profit taxes in Hungary.
The net interest margin, excluding Ersta Bank Polsker, decreased compared to the fourth quarter of 2025 due to slacks in retail net interest income and higher interest-bearing assets.
The macroeconomic environment remains uncertain, with geopolitical tensions and energy market disruptions potentially impacting growth and inflation expectations.
The bank does not expect further releases from FLI or portfolio overlays due to volatility in geopolitics and its effects on energy markets, which could lead to higher risk costs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ERST.VI - Erste Group Bank AG
Q1 2026 Erste Group Bank AG Earnings Call
Apr 30, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, welcome to the ERSTE Group first quarter 2026 results conference call.

I am Sandra, the course call operator.

I would like to remind you that all participants have been listened only mode and the conference is being recorded.

The presentation will be followed by a Q&A session.

You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast.

At this time, it is my pleasure to hand over to Thomas Sommerhauer, Head of Group Investor Relations. Please go ahead, sir.

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