mBank reported PLN 78 million legal cost: mBank stock sits 8.10 percent below its high

Published on 10/12/2026 at 09:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 net income reached PLN 2.013 billion, up 20.90 percent year over year. mBank stock costs EUR 325.45 on October 12, 2026, with seven analysts rating it Neutral.

Key points in brief

mBank reported PLN 78 million in estimated legal risk costs for foreign-currency loans in the third quarter of 2026.
H1 2026 net income reached PLN 2.013 billion, up 20.90 percent year over year.
mBank stock was at EUR 325.45 at Lang & Schwarz on October 12, 2026 at 9:48 a.m. CEST.
Seven analysts raised the mBank target range to as high as PLN 1,555, according to Simply Wall St.
mBank is scheduled to publish its third-quarter 2026 report on October 28, 2026.

mBank, PLBRE0000012, Illustration mit AI erstellt.

mBank reported estimated legal risk costs of PLN 78 million for foreign-currency loans in the third quarter of 2026 on October 6, according to Bankier.pl. mBank stock was at PLN 1,424.50 on the Warsaw Stock Exchange on October 12, 2026, 8.10 percent below its PLN 1,550.00 52-week high.

What changed before the report?

The PLN 78 million estimate relates to legal risk connected with foreign-currency-indexed loans. The final amount is due with the third-quarter financial report on October 28, 2026, giving the cost a defined reporting date rather than leaving it as a full-year assumption.

The figure matters because the bank's first-half profit growth also reflected lower legal-risk charges. The market therefore has a concrete cost marker for the next report, while the second-quarter figures provide the latest operating baseline.

H1 profit reached PLN 2.013 billion

According to stockd.pl, mBank reported PLN 2.013 billion of net income and PLN 6.221 billion of revenue in the first half of 2026. Net income was up 20.90 percent from PLN 1.665 billion in the first half of 2025, while revenue was broadly stable year over year.

That comparison points to a mixed earnings profile: the profit increase was substantial, but the revenue base did not expand at the same pace. For investors, the October report will show whether lower legal-risk charges continue to support earnings while the core banking business carries the revenue load.

Analysts lifted the upper target

Simply Wall St reported on October 5, 2026 that analysts raised the mBank price target from PLN 1,478.00 to PLN 1,555.00. The update linked the higher target to improved projected revenue growth, firmer profit margins and a higher future valuation multiple.

The target change contrasts with the immediate legal-cost issue. It shows that analysts are looking beyond one quarterly charge, while the October 28 report will test whether that longer-term view survives another PLN 78 million provision.

Three dated milestones shape the next report

On July 29, 2026, mBank published first-half results showing PLN 2.013 billion in net income. On September 15, 2026, the bank moved the publication date for its third-quarter report to October 28, 2026. On October 6, 2026, it estimated PLN 78 million of third-quarter legal risk costs, the latest dated event in this sequence.

What dates come next?

mBank's investor-relations calendar lists the third-quarter 2026 report for October 28, 2026 and selected unaudited fourth-quarter 2026 data for February 4, 2027, according to mBank. These dates frame the next two checkpoints for legal costs, earnings and revenue trends.

Stock remains below its yearly high

mBank stock was trading at EUR 325.45 at Lang & Schwarz on October 12, 2026 at 9:48 a.m. CEST. The primary-market quote was PLN 1,424.50 on the Warsaw Stock Exchange at 9:37 a.m. CEST, compared with a PLN 893.60 to PLN 1,550.00 52-week range; the currencies are separate and are not combined.

The further course of trading is shown by the continuously updated real-time quote of mBank stock.