BNP Paribas reported third-quarter net income of €3.456 billion on October 28, up 13.5% from the restated year-earlier comparison. Revenue increased 9.5% to €13.757 billion, according to its unaudited results presentation.
The bank said it would launch a €1.3 billion share buyback in November, anticipating the distribution of 2026 earnings. It said the European Central Bank had authorized the program.
Corporate and institutional banking revenue rose 16.6%. Revenue in commercial, personal banking and services increased 3.6%, while investment and protection services gained 5.3%.
Operating expenses rose to €8.016 billion from €7.610 billion. Despite that increase, the cost-to-income ratio improved by 2.3 percentage points to 58.3%, as revenue growth outpaced costs.
The cost of risk totaled €964 million, or 39 basis points of customer loans, within the bank’s annual guidance of less than 40 basis points. Its common equity tier 1 capital ratio stood at 12.9% at September 30, including the impact of the Athlon acquisition.
Source: BNP Paribas, Third-Quarter 2026 Results Presentation, October 28.