Alpha Bank (APHBF)
OTHER OTC:APHBF
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Earnings Data
Report Date
Jul 31, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.12Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call was constructive: the bank reiterated 2026 guidance (EUR 950 million reported profit; EPS EUR 0.40), highlighted recurring revenue momentum (NII and fees), strong loan growth, improved efficiency (39% cost-to-income) and strategic M&A that expands fee-generating capabilities. Key near-term negatives were one-off charges (VSS) and a negative contribution from associates, RWA-driven CET1 pressure and geopolitical/macroeconomic uncertainty. Management provided mitigants and remained confident in capital and earnings trajectories.Company Guidance
Reported and Normalized Profitability
Reported profit of EUR 182 million in Q1 2026 and EUR 221 million on a normalized basis, with management reaffirming full-year reported profit guidance of EUR 950 million and EPS guidance of EUR 0.40.
Net Interest Income and Rate Sensitivity
Net interest income (NII) up 1% quarter-on-quarter and 5% year-on-year (CEO comment); underlying NII up ~2.2% Q/Q after calendar effects (CFO). Bank reports a positive rate sensitivity—management cited roughly EUR 1 million per basis point in one comment and CFO cited approximately EUR 20 million per 25 bps sensitivity—supporting NII upside if rates remain elevated.
Strong Fee Income Momentum
Fees increased (CEO: +3% Q/Q and +29% YoY; CFO: +4.5% Q/Q and +20% YoY), management reiterates >EUR 600 million fee guidance for 2026 and expects continued growth from asset management, bancassurance and investment banking.
Operating Efficiency and Cost Discipline
Cost-to-income ratio at 39% (in line with guidance). Recurring operating expenses excluding M&A decreased ~3.1% versus Q4, reflecting ongoing productivity and restructuring benefits.
Loan and Deposit Growth
Performing loans at EUR 38.2 billion, up 2% quarter-on-quarter and double-digit year-on-year; net disbursements EUR 3.2 billion in Q1. Customer deposits showed headline growth, supported by a single-ticket inflow of EUR 5.8 billion and underlying deposit inflows of ~EUR 300 million in the quarter.
Asset Quality and Cost of Risk
NPE ratio of 3.7% with coverage at 55%. Cost of risk around 44 basis points for the quarter and management comfortable with a ~45 bps full-year guidance, suggesting asset quality remains benign.
Capital and Tangible Book Value
Fully loaded CET1 at 14.7% (15.0% transitional). Tangible book value up 2% Q/Q and 10% YoY. Organic capital generation of ~25 basis points in the quarter.
Strategic M&A and Wealth Platform Expansion
Multiple bolt-on acquisitions progressing: AstroBank (now ~#3 with ~10% market share, doubled local profitability), AXIA, FlexFin, Altius & Universal; announced acquisition of Alpha Trust (EUR 2.2 billion AuM, ~19% CAGR 2022–25), expected ~1% EPS accretion on a fully integrated basis and limited CET1 impact (~17 bps). Management expects full EPS accretion visible from 2027.
Recurring Revenue and Business Model Shift
Management emphasizes shift toward capital-light, fee-generating activities (wealth, transaction banking, investment banking) and partnership with UniCredit as structural accelerators for recurring fee growth and improved revenue mix; operating-income guidance reiterated above EUR 2.4 billion for 2026.
APHBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
APHBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 20, 2026 | $3.29 | $3.29 | 0.00% |
Feb 27, 2026 | $3.90 | $3.90 | 0.00% |
Nov 07, 2025 | $4.08 | $4.08 | 0.00% |
Aug 01, 2025 | $3.73 | $3.73 | -0.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Alpha Bank (APHBF) report earnings?
Alpha Bank (APHBF) is schdueled to report earning on Jul 31, 2026, Before Open (Confirmed).
What is Alpha Bank (APHBF) earnings time?
Alpha Bank (APHBF) earnings time is at Jul 31, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APHBF EPS forecast?
APHBF EPS forecast for the fiscal quarter 2026 (Q2) is 0.12.