Piraeus Bank S.A. (TPEIR) Earnings Call Transcripts

Piraeus Bank S.A.'s Latest Earnings Call - Q1 FY2026

Piraeus Bank S.A. reported strong financial results for Q1 2026, with net profit reaching EUR 281 million and EPS at EUR 0.21, aligning with their full-year target of EUR 0.90 EPS. Revenue grew by 8% YoY, driven by a 32% increase in fee income and 11% growth in the loan book. Management maintained their guidance for the year despite macroeconomic uncertainties, emphasizing their strong balance sheet and risk management.

Reported metrics

Guidance from management

Management maintained their guidance for 2026, expecting to achieve EUR 3 billion in net credit growth and confirming EPS targets despite macroeconomic uncertainties.

What management said

Well, that's already in the plan. We've got a number of transactions in play. Obviously, the cost over CET1 released is very good and very attractive and remain so. We're taking advantage of that. We were at 70 basis points capital relief as of Q4. We're going to travel towards our average of 100 basis points of capital release. So you're going to understand that a 30 basis point enhancement over the course of the ye...

Very, very slim numbers, I would say, Stephan, over the course of the year. I mean, this quarter had approximately EUR 6 million I would say, headwind that we classified as one-off. This is pretty much the vicinity of the numbers that we should be seeing in the coming quarters. may that be on some, as you say, Ethniki transformation costs, some BES cost. But I would say, reported pretty much we'll be matching normali...

What analysts pressed on

Analysts expressed concerns about the impact of macroeconomic volatility on lending and provisions, particularly in relation to energy prices and potential GDP growth revisions. Questions were raised about the sensitivity of the lending pipeline and capital adequacy amid increased distributions.

Main topics on the call

• Revenue and Earnings Performance — Piraeus Bank reported EUR 281 million in net profit and EUR 0.21 EPS for Q1 2026. Core revenues grew 8% YoY, supported by strong fee income and loan growth. Management stated, 'We delivered EUR 281 million net profit in ...
• Loan and Fee Income Growth — The loan book increased by 11% YoY to EUR 39 billion, with net credit expansion of EUR 1.3 billion in Q1. Fee income grew 32% YoY, reaching EUR 210 million. Management highlighted, 'Fee income grew 32% year-on-year reach...
• Asset Quality and Capital Position — The NPE ratio improved to 2.1%, with a cost of risk at 32 basis points. The total capital ratio stood at 18.5%, with a buffer of 260 basis points above Pillar 2 guidance. Management noted, 'Our capital position remains s...
• Macroeconomic Environment — Management expressed confidence in their guidance despite global uncertainties, stating, 'We remain firmly confirming our guidance for the year.' They acknowledged potential impacts from high energy prices but maintained...

Read the full Piraeus Bank S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 31 Piraeus Bank S.A. earnings call transcripts on record, spanning February 3, 2020 to July 29, 2026. Based on this history, Piraeus Bank S.A. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TPEIR

Exchange

ATSE

Country

GR

Sector

Financials

Industry

Banks

Calls on record

31

First call

February 3, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly