BTV Vier Länder Bank (BTS) Q2 2025 earnings summary

Executive summary

• Net profit before tax fell by 31.5% year-over-year to €139.4m; net profit after tax dropped by 32.2% to €111.8m, but remained above budget.

• Total assets decreased by 1.8% to €15.1bn since year-end 2024; customer loans rose by 1.9% to €9.0bn.

• Regulatory capital ratios improved: CET1 and total capital ratio at 15.9% and 18.6%, respectively.

• The cost-income ratio worsened to 47.2% from 38.6% year-over-year.

Financial highlights

• Net interest income declined by 8.1% year-over-year to €123.8m; risk provisions in lending increased sharply to €15.1m from a €3.1m release last year.

• Net fee and commission income rose by 10.6% to €32.7m, driven by securities business.

• Operating expenses increased by 9.3% to €138.2m, mainly due to higher personnel and administrative costs.

• Other operating income fell by 19.6% to €97.7m, reflecting the absence of prior-year one-off effects.

• Earnings per share (annualized) dropped to €5.57 from €8.42 year-over-year.

Outlook and guidance

• Full-year 2025 pre-tax profit is expected in the range of €150–170m, with ongoing geopolitical and economic uncertainties posing risks, especially regarding credit risk.