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EarningsQ2 2026 Earnings Report
DE:PCZ Q2 2026 EPS Results
Actual EPS€0.28
Consensus EPS―
Beat/Miss―
One Year Ago EPS€0.37
DE:PCZ Q2 2026 Revenue Results
Actual Revenue€200.85M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+10.01%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeBefore Open
Conference CallThursday, August 13, 2026
DE:PCZ Upcoming Earnings
ProCredit Holding AG's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive operating and strategic progress narrative: strong loan growth (H1 +8%), marked expansion in higher-yielding retail/micro segments (micro loans +46% YoY, retail +29% YoY), sustained net interest income momentum (+11.6% YoY; Q2 NII +~15% YoY) and a successful EUR 150m AT1 issuance that improved capital ratios. These positives are balanced against remaining challenges — an elevated cost-income ratio (71.2%), modest overall deposit growth in H1 (2.2%) versus loan growth, declining fee income (–EUR 3m YoY) due to euro introduction and SEPA adoption, and cautious additional provisioning given geopolitical risks. Management provided confidence on sustaining margin improvements and achieving FY targets (12%–15% loan growth; 7% RoE guidance), while acknowledging ongoing macro and tax headwinds.Company Guidance
Strong Loan Growth and Record Portfolio
Loan portfolio grew 8% in H1 2026, crossing EUR 8.0 billion for the first time. Growth was broad-based with particularly strong contributions from Georgia, Kosovo, Bosnia, Bulgaria, Romania and Ukraine. Management confirms FY2026 loan growth guidance of 12%–15%.
High-Yielding Segment Expansion
Meaningful shift toward higher-yielding segments: year-on-year growth of 46% in micro enterprise loans, 29% in retail loans and 17% in small enterprise loans. The share of higher-yield segments in total loans increased by 3 percentage points year-on-year to 49%.
Client Acquisition Momentum
Active client base increased by ~27,000 customers in H1, with active micro clients up nearly 18% and retail active clients up 8%. Mobile app rollouts progressed to 7 of 10 banks and digital onboarding is live in 8 banks, supporting acquisition and engagement (e.g., nearly 60% of micro clients onboarded in North Macedonia within two months).
Net Interest Income and Margin Improvement
Net interest income increased 11.6% year-on-year (~EUR 20 million) in H1; quarterly NII reached EUR 99 million in Q2, ~15% higher versus Q2 2025. Net interest margin improved 6 basis points year-on-year and rose 18 basis points quarter-on-quarter to 3.4% in Q2, with management indicating this improvement is structural and expected to be sustained in H2.
Capital Strength and Successful AT1 Issuance
Inaugural Additional Tier 1 issuance of EUR 150 million in May was ~3x oversubscribed, priced below benchmark, initial coupon 8% (reset at 5‑year intervals). Pro forma impact increased Tier 1 ratio by ~2 percentage points; as of June 30 CET1 12.7%, Tier 1 14.7%, total capital 17.8% — all above regulatory requirements.
Operating Income and Profitability Progress
Operating income increased 7% driven mainly by net interest income expansion. Profit for the period was EUR 38.5 million and profit before tax and loan loss provisions increased nearly 6% year-on-year. Return on tangible equity (including AT1 accrual) stood at 7.3% for H1.
Deposit Quality Improvements in Target Segments
Although overall deposit growth was modest, the quality/mix improved: deposits grew 2.2% in H1 with retail deposits +13% YoY and micro-enterprise deposits +37% YoY. Nearly 70% of the >EUR 1.1 billion deposit increase over 12 months came from sight and savings deposits, supporting lower refinancing costs.
Operational and Digital Execution
Continued rollout of mobile-first retail banking and a dedicated app for legal entities for micro/small businesses. Early adoption metrics and positive customer engagement reported; management expects digital rollouts to improve scalability, efficiency and medium-term profitability.
DE:PCZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed