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MBK GPW WIG20 Periodic report · PAP Biznes

mBank (MBK) · Q3 2026 results

Share price: 1692.50 zł · 2026-11-10

mBank is a universal bank providing financial services. It operates in the Polish market and offers products such as foreign currency loans. Sources: Half-year report (2026-07-29) · Wikipedia

Results Q3 2026 vs Q3 2025 · year over year · published 28 Oct 2026 and 30 Oct 2025

Net income up 29.6% year on year. The report's language is unchanged.

1 · Numbers

+29.6%

Net income vs Q3 2025

Net income 1.08B vs 837.0M

Revenue +8.6%

Why Net income rose mainly because total income increased to PLN 3,250 million, supported by a 9.0% increase in net interest income and a 4.4% increase in net fee and commission income.

2 · How the report reads

Unchanged

Language tone vs last period

Report language: typical for a company report — about as upbeat as in Q3 2025.

Weak signal: formal report language, not a call.

3 · What stood out

mBank Group mortgage loan sales reached PLN 8,227 million in Q3 2026, increasing 33.2% quarter-on-quarter and 79.9% year-on-year.

Official channels

The company's own website and social media accounts.

Read between the lines

  1. Figure

    Total income rose 3.9% quarter-on-quarter to PLN 3,250 million, supported by a 9.0% increase in net interest income and a 4.4% increase in net fee and commission income.

    Source quote
    “Increase in total income to PLN 3,250 million (+3.9% quarter on quarter), supported by a 9.0% increase in net interest income and a 4.4% increase in net fee and commission income.”
  2. Figure

    Mortgage loan sales in mBank Group reached PLN 8,227 million in Q3 2026, increasing 33.2% quarter on quarter and 79.9% year on year.

    Source quote
    “In Q3 2026, mortgage loan sales in mBank Group reached PLN 8 227 million, up by 33.2% quarter on quarter and 79.9% year on year.”
  3. Figure

    Cost efficiency improved as the cost-to-income ratio decreased to 29.1% from 30.4% in Q2 2026.

    Source quote
    “Cost efficiency improved, with the cost-to-income ratio decreasing to 29.1% from 30.4% in Q2 2026.”
  4. Figure

    MBank Group's net interest margin increased from 3.5% in the previous quarter to 3.6% in Q3 2026.

    Source quote
    “Net interest margin at mBank Group increased on a quarterly basis and amounted to 3.6% in Q3 2026, compared to 3.5% in the previous quarter.”
  5. Figure

    Total net impairment losses and fair value change on loans and advances decreased from -261 to -125, representing a 91.9% change.

    Source quote
    “Total net impairment losses and fair value change on loans and advances -136 -261 -125 91.9%.”
4 more
  1. Figure

    Gross mortgage and housing loans to individuals increased by 10.5% compared to the previous quarter and by 24.1% year on year.

  2. Figure

    Non-performing receivables decreased by 1.6% as of 30 September 2026 compared to 30 June 2026.

    Source quote
    “As at 30 September 2026, the amount of non-performing receivables decreased by 1.6% compared with 30 June 2026.”
  3. Figure

    At the end of Q3 2026, amounts due to customers, mBank Group’s principal source of funding, reached PLN 254 674 million.

    Source quote
    “At the end of Q3 2026, amounts due to customers, mBank Group’s principal source of funding, amounted to PLN 254 674 million.”
  4. Figure

    Retail deposit volumes in Poland and foreign branches rose 2.7% quarter on quarter and 19.3% year on year due to inflows into current accounts.

    Source quote
    “Retail deposit volumes in Poland and the foreign branches increased by 2.7% quarter on quarter and by 19.3% year on year, driven by inflows into current accounts.”

Tone

How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q3 2026. Ring: Q3 2025.

Report language Typical (was typical)

Typical for a company report — about as upbeat as in Q3 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.

Sentences that drove the tone
“The largest impact on the quarterly decline was the reduction of funds in current accounts.”
“Gross profit amounted to PLN 1,735 million, while net profit attributable to mBank shareholders reached PLN 1,085 million, the highest level in the Group's history.”
“Total losses”

Full figures

PLN · PAP Biznes report (2026-10-28)

Metric Q3 2026 Q3 2025 Change
Revenue 2.67B 2.46B +8.6%
Operating income 1.97B 1.59B +23.7%
Net income 1.08B 837.0M +29.6%
EPS 25.50 19.68 +29.6%
P/E today 19.6 19.4 19.3 +0.1

Topics

Topics are drawn from the full report text, not management commentary.

Most discussed now

  • In the third quarter of 2026, including the consolidation of business units, the acquisition or sale of subsidiaries and long-term…
  • With regard to financial instruments measured on a recurring basis to fair value, classified at level 1 and 2 of the fair value hierarchy…
  • Type and amounts of items affecting assets, liabilities, equity, net financial result, or cash flows
  • 2 Directive 93/13, however, implies that a failure to comply with this requirement cannot, in itself, give this condition an unfair…
  • Higher risk costs result from a growing retail loan portfolio while maintaining its stable quality.

Faded since Q3 2025

  • Fading Impairment and change in fair value of loans and advances in the Retail Banking segment increased slightly (by PLN 5.8 million) on a…
  • Fading In exchange for assuming currency risk or interest rate risk, the seller receives a premium from the buyer.
  • Fading In the Bank's assessment, the following factors will have an impact: customers' expectations regarding future CHF/PLN exchange rate…
  • Fading Revenues and costs related to the sale of insurance products associated with loans

Latest announcements

Official filings, newest first. Summaries are generated from each filing and its attachment; every figure is checked against the source.

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