Alpha Bank S.A. (ALPHA) Earnings Call Transcripts

Alpha Bank S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Alpha Bank S.A. reported a profit of EUR 182 million, down from previous quarters, but normalized profit stood at EUR 221 million, reflecting ongoing operational strength despite one-off costs. Revenue growth was driven by a 5% increase in net interest income year-over-year and a remarkable 29% rise in fees. Management maintained its full-year guidance for reported profits at EUR 950 million and EPS at EUR 0.40, signaling confidence in their operational strategy amidst geopolitical uncertainties.

Reported metrics

Guidance from management

Management maintained its full-year guidance for reported profits at EUR 950 million and EPS at EUR 0.40, indicating confidence in their operational strategy despite geopolitical uncertainties.

What management said

Hello, everyone, and welcome to the presentation of our first quarter results. I am Iason Kepaptsoglou, Alpha Bank's Head of Investor Relations. Our CEO, Vassilios Psaltis will lead the call with the usual summary and a few updates. Our CFO, Vassilios Kosmas, will then go through this quarter's numbers in some detail, and Q&A will come at the end of the call, and we should wrap up within the hour. Vassili, over to yo...

Well, as you do know, devaluation and one-off taxes are those things that are never discussed before. What I can sense is that as it was the case in last year, the dialogue that we have with the government does not lead us to believe that we may be faced with such an adverse event. So in my book, there are no extraordinary taxes in sight.

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical tensions on loan growth and the sustainability of fee income. There were inquiries about potential risks to the bank's performance due to external economic pressures and the evolving macroeconomic landscape.

Main topics on the call

• Profitability and Normalization — Alpha Bank reported a profit of EUR 182 million, with a normalized profit of EUR 221 million. CEO Vassilios Psaltis noted that these figures were impacted by 'one-off items that do not reflect underlying dynamics in the ...
• Revenue Growth — Net interest income increased by 5% year-over-year and 1% quarter-over-quarter. Management stated, 'We are firing on all cylinders', highlighting the bank's operational resilience.
• Fee Income Surge — Total fees rose by 29% year-over-year and 3% quarter-over-quarter, showcasing strong client engagement. The CFO noted, 'We are still up 4.5% versus last quarter and up on, quite frankly, stellar 20% year-on-year'.
• Cost Management — The cost-to-income ratio remained stable at 39%, in line with guidance. This reflects disciplined cost management despite ongoing investments and M&A activities.

Read the full Alpha Bank S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 32 Alpha Bank S.A. earnings call transcripts on record, spanning March 27, 2020 to July 31, 2026. Based on this history, Alpha Bank S.A. reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ALPHA

Exchange

ATSE

Country

GR

Sector

Financials

Industry

Banks

Calls on record

32

First call

March 27, 2020

Most recent

July 31, 2026

Reporting cadence

quarterly