Bankinter SA reported consolidated net income of €90.1 million for the fourth quarter of 2016, up from €76.4 million in the last three months of 2015.
Fourth-quarter net interest income amounted to €266.2 million, up from €221.3 million a year earlier, while net fees and commissions increased year over year to €105.1 million from €88.6 million. The net interest margin rose to 1.65% from 1.53% over the same period.
Provisions in the quarter nearly doubled to €10.3 million from €5.2 million a year earlier, but impairment charges dropped to €34.5 million from €57.1 million.
For full year 2016, Bankinter reported consolidated net income attributable to the group of €490.1 million, up from €375.9 million in 2015. EPS increased year over year to 55 cents from 42 cents.
The Spanish lender's ROE reached 13.48% in 2016, up from 10.91% in 2015. The nonperforming loan ratio stood at 4.01% at the end of 2016, compared to 4.13% a year earlier.
Bankinter's common equity Tier 1 capital ratio stood at 11.77% as of 2016-end, down from 11.89% at Sept. 30, 2016, and unchanged from the 2015-end level. Its capital adequacy ratio declined to 12.59% as of Dec. 31, 2016, compared to 12.73% at the end of 2015.