Rankings Financial data & insurance broking Bankinter
Bankinter
97
15070100
A view of the same findings, not a new score. How it works
In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.
Biggest deductions
- Multiples vs own history−7
- Quality of growth−2
- Deposit competition−2
Strengths
- Profitability and efficiency+3
- Dividend covered by earnings+2
- No bank tax+1
How the score is built
From 100 to 97, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 3 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 13.93 EUR
- Median analyst target
- 16.80 EUR
- Upside to median
- +20.6%
- Analysts
- 22
- Target range
- 10.30 – 22.50 EUR
- 52-week change
- +6%
- P/E (trailing)
- 11.0
- Forward P/E
- 9.9
- PEG
- 0.88
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 2 findings−3 of −30
- −2Quality of growthNet interest income rose only 5.4% in H1 2026 to EUR 1,160m, and new mortgage lending fell 16% to 2.9bn; earnings growth (+11.7%) is largely carried by fees (+15.5%), which are more market-sensitive.
- −1Scale and business mixMid-sized bank concentrated in Spain (Spanish pre-tax profit 716m of about 830m including Portugal); Ireland (loans 5.2bn) is still small. Less diversification than the large Spanish banks.
Price
Today's multiples against the company's own history and its peers. · 1 finding−7 of −35
- −7Multiples vs own historyP/B 2.21 vs 0.98–1.98 in 2022–2025, trailing P/E 13.4 vs 6.2–11.7 and forward P/E 11.9 vs 6.2–11.6. The share price has more than tripled since 2022 (5.24 → 16.35 EUR), while EPS has doubled (0.61 → 1.23); dividend yield has fallen from 9.1% (2023) to 3.7%. The re-rating has been taken.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−4 of −35
- −2Deposit competitionIn September 2026 Bankinter raised Cuenta Digital to 3% for new customers on up to EUR 100,000, guaranteed to April 2027, and keeps a welcome bonus of up to EUR 600; the deposit war with Revolut and Openbank is pressuring funding costs just as rates are rising.
- −1Credit qualityNPL ratio 1.92% and coverage only 69.2%, lower coverage than CaixaBank (81%); a slowdown may require extra provisions.
- −1
Plus
Only documented strengths. · 3 findings+6 of +15
- +3Profitability and efficiencyROE 19.1% and ROTE 20.4% in H1 2026 with cost/income 34.3% (36.1% a year earlier); costs rose only 2.7% vs income +7.3%. Among the most profitable banks in Europe.
- +2Dividend covered by earningsPayout ratio about 48% of net profit (dividend 555m vs. earnings 1,150m TTM); dividend per share has grown five years in a row and +14% in 2025.
- +1No bank taxThe CFO stated in January 2026 that Bankinter can fully offset the Spanish bank tax against corporate tax in 2025, 2026 and 2027 (deduction of up to 25% and no large tax credits), unlike CaixaBank, which paid EUR 304m in H1 2026.
Caveats
What the score does not capture, or where the data is weak.
Bank: EV, ROIC and FCF are not meaningful; valuation on P/B, P/TBV and P/E, and the payout is held against net profit. EPS and P/E for 2021 are distorted by the spin-off of Línea Directa, so history is measured mainly from 2022. Stockanalysis shows +2.3% in share count over a year, but the cash flow shows only small offsetting purchases and sales of own shares (about EUR 81m each way); the figure is not reconciled, and no deduction has been made for dilution. Bankinter pays no Spanish bank tax (IMIC) due to the deductions in the law, so there is no bank tax deduction. Forward P/E and EPS forecasts are adjusted figures. Insider ownership 0.67% according to stockanalysis; a large family shareholder (Cartival) has not been investigated and not counted. Q3 figures 22 Oct 2026.
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