MADRID, April 23 (Reuters) - Spain's Bankinter said on Thursday its first-quarter net profit rose 8% from the same period in 2025, helped by a rise in loans and fees. The country's fifth-largest bank
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)
