Piraeus Bank S.A.: First Quarter 2026 Financial Results

Key Terms

return on tangible book value financial

Return on tangible book value measures how much profit a company generates each year for every dollar of its recorded net worth after removing intangible items like goodwill and patents. Investors use it to see how efficiently a business turns its real, hard assets into earnings—like checking how well a car earns money for its owner compared with its resale value—helping compare profitability across firms with different levels of intangible assets.

earnings per share financial

Earnings per share represent the amount of profit a company makes for each share of its stock, similar to how a pie’s total size can be divided into slices for each person. It helps investors understand how profitable the company is on a per-share basis, making it easier to compare its performance over time or against other companies. Higher earnings per share generally indicate better profitability and can influence a company's stock value.

tangible book value per share financial

Tangible book value per share is the company's total physical and financial assets minus its liabilities and intangible items (like goodwill and brand value), divided by the number of outstanding shares. It gives investors a conservative, per‑share estimate of what would remain if the business sold only its hard assets and paid its debts—useful for judging whether a stock is priced above or below its underlying, tangible worth, like valuing a property by its bricks and cash rather than its reputation.

cost-to-income ratio financial

Cost-to-income ratio measures how much of a company’s revenue is eaten by its operating costs, expressed as a percentage of income. Think of it as a household budget metric showing what share of your paycheck goes to bills versus savings; lower percentages mean the business keeps more of its sales as profit, so investors use it to compare efficiency and judge whether management is controlling costs effectively.

cost of risk financial

Cost of risk is the total expected financial hit a business expects from its exposure to loss, combining actual payouts (like claims or write‑downs), administrative expenses to handle those losses, and the capital set aside to cover them. Think of it as the combined “insurance premium, deductible and emergency fund” for a company; it directly affects profitability, cash flow and how much capital is tied up, so investors watch it to judge future earnings stability and management quality.

npe ratio financial

The NPE ratio measures the share of a bank’s loans and other credit exposures that are no longer being repaid as agreed (non‑performing) compared with its total lending. It matters to investors because it is a direct indicator of a lender’s credit quality and potential future losses—like the fraction of rotten apples in a fruit basket, a higher proportion suggests more hidden damage that can lower profits, require extra reserves, or trigger regulatory action.

loan-to-deposit ratio financial

Loan-to-deposit ratio measures how much a bank has lent out compared with the money customers have deposited, expressed as a percentage. Think of it like the share of a household’s savings that has been loaned to others: a higher ratio can boost earnings but reduce cash on hand and increase risk, while a lower ratio means more liquidity but potentially lower returns—key for investors assessing a bank’s balance of profit and safety.

liquidity coverage ratio financial

The liquidity coverage ratio is a banking rule that measures whether a bank has enough high-quality, easy-to-sell assets to cover expected net cash outflows for 30 days. Think of it as a household’s emergency fund that must cover a month of bills; for investors, a higher ratio means the bank is better positioned to survive short-term stress, reducing the risk of fire sales, funding problems, or sudden capital needs that can hurt the share price.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

ATHENS, Greece--(BUSINESS WIRE)-- Piraeus Bank S.A. (ATHEX: TPEIR) (OTCQX: BPIRY) (OTCQX: BPIRF) Q1 2026 highlights

Strong loan expansion and client assets growth

• Loans at €38.6bn, with €1.3bn net credit expansion in Q1, supported by all business lending segments
• Mortgage lending recovery continues, with €30mn net credit expansion in Q1; €185mn mortgage disbursements, up 95% yoy
• Client deposits shaped at €64.9bn, +6% yoy
• Client assets under management (AuM) up by 17% yoy, at €14.7bn, with €0.5bn net inflows in Q1

Sustainable profits and shareholder returns

• Solid profitability of €281mn, which translates to 15% normalized return on tangible book value, in line with 2026 target of c.15%
• €0.21 earnings per share, on track to meet the €90c full year EPS target
• Tangible book value per share at €6.11, +3% qoq; combined with dividends paid, shareholder value creation +6.5% yoy
• Core revenues at €692mn, +8% yoy, with strong loan volume and fee growth offsetting lower rates and spreads
• Revenues from services rose to €210mn, at 32% yoy; revenues over assets at market leading 0.94%
• Cost-to-income ratio at 37%, confirming cost discipline despite temporary impact from trading book volatility
• Cash distribution of €494mn out of 2025 net profits approved at the AGM, planned to be paid to Piraeus shareholders on 15 Jun.26, subject to regulatory consent

Balance sheet management to sustain growth and low risk profile

• Controlled organic cost of risk at 32bps
• NPE ratio at 2.1% vs. 2.6% a year ago and NPE coverage at 70% vs. 64%, respectively
• Optimizing loan-to-deposit ratio to 68% through market leading credit growth
• Solid liquidity coverage ratio at 191%, with unutilized capacity to improve further

Capital ratios with comfortable buffers

• CET1 ratio at 12.6% absorbing robust loan growth, the 57% distribution accrual for 2026, and accelerated DTC amortization; total capital ratio at 18.5% with c.260bps buffer, above 2026 overall capital requirement including P2G

View source version on businesswire.com: https://www.businesswire.com/news/home/20260430127524/en/

PressOffice@piraeusbank.gr

Source: Piraeus Bank S.A.