CaixaBank posts €1.57B profit in Q1, supported by lending and services growth

CaixaBank earned €1.57 billion in the first quarter 2026, a 7% increase from the €1.47 billion recorded in the same period last year. The bank pointed to continued growth in its core business, with total activity reaching €1.1 trillion, a 6.6% increase, despite uncertainty linked to the war in Iran. 

Total revenues increased to €4,127 million, while operating margin stood at €2,475 million, up 1.8% despite higher costs on salaries and amortization.

Performance was supported by higher income from services, which grew by 7.5%, particularly in wealth management and insurance. 

Gonzalo Gortázar, CaixaBank's CEO, said the bank maintained high levels of commercial activity during the quarter, supporting companies, families and the broader economy.

Alongside the results, CaixaBank's board approved a €500 million share buyback program, set to run for up to six months, and confirmed the cancellation of treasury shares representing 0.69% of its capital.

Customer funds rose by 6.3% to €733.9 billion, while assets under management increased by over 10% to €202.3 billion during the quarter.

Lending activity expanded across all segments, with the loan book growing by 7.2%. 

At the same time, the bank reduced its non-performing loans, bringing the delinquency ratio down to just under 2%.

Liquidity and capital levels remained strong, with a CET1 capital ratio of 12.5%, even after accounting for the impact of the new share buyback program.