Europe Banks Earnings Tracker

Goldman Sachs updates its European Banks Earnings Tracker for 1Q26, showing a strong 16.3% ROTE and a 4.5% beat on PBT consensus.

Key Takeaways

• 1.European banks reported a strong 1Q26 ROTE (clean) of 16.3%, an improvement of 1.1pp year-on-year.
• 2.The sector has generally outperformed expectations this season, with Reported Profit Before Tax (PBT) beating consensus by 4.5%.
• 3.Reporting is near completion for the quarter, with 40 out of 45 tracked banks (95%) having released results.

Table of Contents

• Earnings Dashboard (1Q-2026)
• Reporting stats
• Operating performance
• Beat / Miss
• Banks Earnings Tracker & Tool
• Dedicated earnings website
• Disclosure Appendix
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

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