PKO BP beats market forecasts with nearly PLN 3 billion net profit in Q3

Profit beats forecasts

PKO BP's group net profit rose to PLN 2,933 million in the third quarter of 2026, up from PLN 2,837 million a year earlier (Największy polski bank chwali się zyskiem. Mimo wyższego podatku padł rekord – Business Insider Polska). The figure exceeded analysts' consensus of PLN 2,818 million by about 4.1% (Największy polski bank pokazał wyniki. Zysk przekroczył 8 miliardów złotych – WNP.pl). The bank said the result was its highest quarterly earnings on record, even though lower policy rates and a higher tax burden for companies weighed on income (Zysk netto PKO BP w III kwartale wyniósł 2,93 mld zł. To trochę więcej od oczekiwań – Puls Biznesu).

Quarterly comparison

| Measure | Q3 2026 (PLN million) | Comparison | |---|---|---| | Net profit, actual | 2,933 | Q3 2025: 2,837 | | Net profit, analyst forecast | 2,818 | Actual above forecast by 4.1% |

Nine-month and cost picture

After nine months, the group's net profit reached PLN 8.22 billion (PKO BP powyżej oczekiwań rynku. Prawie 3 mld zł zysku netto w III kwartale – Bankier.pl). Gross profit grew nearly 25% in the quarter, while net profit grew only 3.3%, because a large part of the improvement was absorbed by higher taxes. Lower legal costs tied to foreign-currency mortgages supported the result, according to the bank's figures. Lending volumes are expanding, but the bank is also facing rising costs linked to consumer-credit risk.

Market reaction

PKO BP shares were trading at PLN 116.42 in the session reported on the day of the release, up 0.67% (Zaskoczenie w wynikach PKO BP. Bank zarobił znacznie więcej, niż prognozowano - Biznes w INTERIA.PL – interia.pl). The stock move was modest relative to the earnings surprise.

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