Q3 2026 report
Rekordowy zysk netto 1 085 mln zł w III kwartale (+29,6% r/r, +2,4% kw/kw) i 3 098 mln zł narastająco (+23,8% r/r) przy ROE 17,6% i ROTE 21,6%.
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MBK
Q3 2026 report
Revenue
3.25 bn PLN
— YoY
Net income
1.09 bn PLN
— YoY
ROE
17.6%
— YoY
Summary
Investment thesis
- Wzrost napędza wynik odsetkowy (+9,0% kw/kw do 2 673 mln zł, marża 3,6%) i przyspieszająca akcja kredytowa (kredyty netto +6,7% w kwartale).
- Koszty pod kontrolą (946 mln zł, −0,4% kw/kw), wskaźnik C/I 29,1% — jeden z najniższych w sektorze.
- Koszty ryzyka prawnego CHF spadły do 275 mln zł narastająco (1 660 mln zł rok wcześniej), a oczekiwana liczba nowych pozwów obniżona do 2,0 tys. z 3,5 tys.; ryzyko nie znika, ale jest coraz lepiej wyceniane.
- Cena wzrostu: współczynnik CET1 spadł do 12,7% (z 14,2% na koniec 2025), a koszt ryzyka kredytowego niemal się podwoił kw/kw (261 mln zł vs 136 mln zł).
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Financials
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MBK · Q3 2026
| Metric | Q3 2026 | Q3 2025 | Δ YoY | YTD 2026 | Δ YoY | Value type | Segment | Conf. |
|---|---|---|---|---|---|---|---|---|
| Group has filter matches — stays expanded | ||||||||
| Revenue | 3,250 | — | — | — | — | reported | — | 1.00 |
| EBT | 1,735 | — | — | 4,956 | — | reported | — | 1.00 |
| Net income | 1,085 | — | — | 3,098 | — | reported | — | 1.00 |
| EPS (basic) (PLN) | — | — | — | 72.83 | — | reported | — | 1.00 |
| EPS (diluted) (PLN) | — | — | — | 72.77 | — | reported | — | 1.00 |
| D&A | 188 | — | — | 511 | — | reported | — | 1.00 |
| Interest expense | 1,142 | — | — | 3,256 | — | reported | — | 1.00 |
| Income tax | 650 | — | — | 1,858 | — | reported | — | 1.00 |
| Group has filter matches — stays expanded | ||||||||
| Net margin | 33.4% | — | — | — | — | derived | — | 0.70 |
| Group has filter matches — stays expanded | ||||||||
| Cash | 26,247 | — | — | — | — | reported | — | 1.00 |
| Equity | 25,419 | — | — | — | — | reported | — | 1.00 |
| Total assets | 307,378 | — | — | — | — | reported | — | 1.00 |
| Goodwill | 2,579 | — | — | — | — | reported | — | 1.00 |
| Group has filter matches — stays expanded | ||||||||
| ROE | 17.6% | — | — | — | — | reported | — | 0.90 |
| ROA | 1.4% | — | — | — | — | reported | — | 0.90 |
| Group has filter matches — stays expanded | ||||||||
| Revenue growth (QoQ) | 3.9% | — | — | — | — | derived | — | 1.00 |
| Net income growth (YoY) | 29.6% | — | — | 23.8% | — | derived | — | 1.00 |
| EPS growth (YoY) | — | — | — | 23.7% | — | derived | — | 1.00 |
Q3 2026 · Δ YoY
Group has filter matches — stays expanded
Revenue
3,250
—
3,250
—
- Q3 2025
- —
- YTD 2026
- —
- Δ YoY
- —
EBT
1,735
—
1,735
—
- Q3 2025
- —
- YTD 2026
- 4,956
- Δ YoY
- —
Net income
1,085
—
1,085
—
- Q3 2025
- —
- YTD 2026
- 3,098
- Δ YoY
- —
EPS (basic)
(PLN)
—
—
—
—
- Q3 2025
- —
- YTD 2026
- 72.83
- Δ YoY
- —
EPS (diluted)
(PLN)
—
—
—
—
- Q3 2025
- —
- YTD 2026
- 72.77
- Δ YoY
- —
D&A
188
—
188
—
- Q3 2025
- —
- YTD 2026
- 511
- Δ YoY
- —
Interest expense
1,142
—
1,142
—
- Q3 2025
- —
- YTD 2026
- 3,256
- Δ YoY
- —
Income tax
650
—
650
—
- Q3 2025
- —
- YTD 2026
- 1,858
- Δ YoY
- —
Group has filter matches — stays expanded
Net margin
33.4%
—
33.4%
—
- Q3 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Group has filter matches — stays expanded
Cash
26,247
—
26,247
—
- Q3 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Equity
25,419
—
25,419
—
- Q3 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Total assets
307,378
—
307,378
—
- Q3 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Goodwill
2,579
—
2,579
—
- Q3 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Group has filter matches — stays expanded
ROE
17.6%
—
17.6%
—
- Q3 2025
- —
- YTD 2026
- —
- Δ YoY
- —
ROA
1.4%
—
1.4%
—
- Q3 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Group has filter matches — stays expanded
Revenue growth (QoQ)
3.9%
—
3.9%
—
- Q3 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Net income growth (YoY)
29.6%
—
29.6%
—
- Q3 2025
- —
- YTD 2026
- 23.8%
- Δ YoY
- —
EPS growth (YoY)
—
—
—
—
- Q3 2025
- —
- YTD 2026
- 23.7%
- Δ YoY
- —