PT Bank Negara Indonesia (BBNI) Q1 2026 earnings summary

Executive summary

• Delivered record core profit in Q1 2026, with strong revenue and disciplined cost management driving healthy pre-provision operating profit expansion year-over-year.

• Loan growth reached 20.1% YoY, led by wholesale and corporate segments, with third-party funds up 34.3% YoY and CASA up 27%.

• Asset quality improved, with gross NPL at 1.9% and LAR below 9%, supported by robust provisioning and conservative risk management.

• Capital adequacy remains strong, with CAR at 18.5% and CET1 at 16% post-dividend, further strengthened by a successful USD 700mn AT-1 issuance.

• Transformation initiatives, including the BRAVE program, improved branch productivity, digital adoption, and CASA growth.

Financial highlights

• Total assets grew 24.4% YoY to IDR 1,426.8T; net profit rose 5.2% YoY to IDR 5.66T in Q1 2026.

• Operating income grew 12.3% YoY; net interest income up 12.1% YoY; non-interest income up 12.6% YoY.

• Net interest margin at 3.6%, down 30 bps YoY due to lower rates and higher liquidity.

• CASA ratio at 66.5%, cost of funds improved to 2.49% (-26bps YoY); time deposits up 53% YoY, mainly from government placements.

• Basic earnings per share for Q1 2026 was 152 rupiah, compared to 144 rupiah in Q1 2025.

Outlook and guidance

• Full-year loan growth guidance maintained at 8%-10%, expecting slower growth after Q1 surge.

• NIM guidance 3.5%-3.8%, with potential pressure from rising deposit costs.

• Credit cost guidance 1%-1.2%, with Q1 at 1.1%.

• OPEX growth budgeted below 7% YoY; focus on sustainable earnings and cost discipline.

• No changes to guidance despite macro uncertainty; stress tests show resilience even under severe scenarios.