Erste Group Bank AG Q3 2026 Earnings Recap

Erste Group reported record quarterly revenue and profit, alongside upgraded 2026 targets, while the stock rose 1.9%—a modestly positive reaction. The call also flagged a slight pro forma CET1 decline to 15% and deferred 2027 guidance until the outcome of the Erste Bank Polska tender offer is known.

Key Takeaways

• Quarterly net interest income rose 5.9%; revenue approached EUR 4.1 billion and operating profit exceeded EUR 2.3 billion.
• The cost-income ratio reached a quarterly low of 43.1%; risk costs remained in the low-20-basis-point range.
• Erste, excluding Polska, now expects 2026 net interest income growth above 6%, fee growth around 10%, and a cost-income ratio below 46%; group risk costs are expected at the lower end of the 25–30 basis-point range.
• Excluding Polska, customer loans grew 5.8% year to date and deposits 4.5%; year-on-year loan growth was 7.7%.
• Pro forma CET1 slipped to 15% amid higher risk-weighted assets from model effects. Management held back 2027 guidance pending the Polska tender offer outcome.