KBC Group stock falls 3.64 percent as Q2 profit hits EUR 1,152 million

Published on 10/07/2026 at 14:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KBC Group's first-half net profit reached EUR 1,709 million in 2026, up 9 percent year on year. KBC Group stock traded at EUR 121.80 on October 7.

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KBC Group stock (ISIN BE0003565737) was trading at EUR 121.80 on Euronext Brussels at 1:51 p.m. CEST on October 7, 2026, down 3.64 percent from the prior close of EUR 126.40. The move puts the share 9.74 percent below its 52-week high of EUR 134.95.

Second-quarter profit sets the benchmark

KBC reported net profit of EUR 1,152 million for the second quarter of 2026, according to KBC Group. First-half net profit reached EUR 1,709 million, up 9 percent from the year-earlier period.

The operating picture also improved across core banking lines. Net interest income rose 20 percent year on year, the net interest margin reached 2.23 percent, and customer loan volumes increased 7 percent year on year in the second quarter.

Efficiency improves as income expands

KBC's first-half cost-to-income ratio was 43 percent, down from 46 percent for full-year 2025, while the ratio excluding bank and insurance taxes was 40 percent versus 41 percent previously, the company said in the same second-quarter release. The comparison matters because the bank recorded most annual bank and insurance taxes in the first quarter.

The balance sheet carried an unfloored fully loaded common equity ratio of 14.4 percent at the end of June 2026. KBC also raised its 2026 net interest income guidance to EUR 7.05 billion from at least EUR 6,725 million, while total income guidance moved to 11.0 percent year-on-year growth from at least 9.9 percent.

Analysts see value above the quote

The analyst picture remains positive despite the October 7 decline. Investing.com lists a Buy consensus from 20 analysts, with 7 Buy ratings, 11 Holds and 2 Sells; the average 12-month target is EUR 132.35, with a high of EUR 156 and a low of EUR 88.

The next structural step is the legal merger of 365.bank and CSOB on November 1, 2026. KBC Group said the transaction will transfer 365.bank's activities to CSOB and strengthen its position in Slovakia.

Stock trades below yearly high

KBC Group's market capitalization was EUR 48.3 billion and trading volume was 58,535 shares at 1:51 p.m. CEST on October 7, 2026. The 52-week range stood at EUR 98.04 to EUR 134.95, giving the current quote a clear distance from its yearly peak.