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Profile & Fundamentals

Banco Comercial Portugues Profile & Fundamentals

Name: Banco Comercial Portugues financial chart data preview
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Company and Market Context

Company Profile & Ownership

Banco Comercial Português, S.A. engages in the provision of various banking and financial products and services in Portugal and internationally. The company operates through Retail Banking; Companies and Corporate; Private Banking; International Business, and Other segments. It offers a range of financial products and services, including current accounts, payment systems, savings and investment products, private banking, asset management, and investment banking services, such as mortgage loans, personal loans, commercial banking, leasing, factoring, insurance, and other products. The company is also involved in the provision of investment fund and real estate management, e-commerce, web portal, leasing, consulting, brokerage, marketing, and real estate investment fund management services; and internet, telephone, and mobile banking services as well as buying and selling real estate. In addition, it offers credit, debit, and prepaid cards; personal, mortgage, car loan, and salary loan; health, car, life, travel, personal accident, home, pet, work accident, payment protection, and transportation and repatriation insurance; retirement services; structured products, discretionary management, investment funds, and other technology and services. Further, the company provides short, medium, and long term financing solutions; internacional operations financing; and treasury services. Banco Comercial Português, S.A. was incorporated in 1985 and is based in Porto, Portugal.

Company profile record

Banco Comercial Portugues

Common Stock · Financials · Diversified Banks

Official website

Company

Company / asset: Banco Comercial Portugues
Security type: Common Stock
Sector: Financials
Industry: Diversified Banks
HQ: 🇵🇹 Portugal
Head office: Praça D. João I, 28, Porto, Portugal, 4000-295

Leadership & scale

Chief executive: Mr. Miguel Maya Dias Pinheiro
CEO year born: 1964
Full-time employees: 15.6K
Fiscal year end: December

Fundamentals snapshot

Updated 2026-09-05

Market Cap: EUR 17.8B
P/E: 13.5x
Revenue (Q2 26): EUR 1.0B
Profit (Q2 26): EUR 260.1M
Dividend Yield: 2.2%
Revenue (FY 25): EUR 3.9B
Shares in public float: 8.8B
Insider ownership: 40.53%

Reporting & identifiers

Symbol: BCP.LIS
Listing: 🇵🇹 Portugal | Dividend Tax: 25%
Ticker Currency: EUR
Income Statement Currency: EUR
Balance Sheet Currency: EUR
Cash Flow Currency: EUR
EPS Currency: EUR
Contract Type: SPOT
ISIN: PTBCP0AM0015
Asset ID: equity_df98ce48-aad4-5b70-be97-63a29513723b

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The bank has delivered an impressive financial turnaround, generating a record 1.02 billion euros in net income in fiscal 2025 and 565.8 million euros in the first half of 2026. This success was powered by wider lending margins from elevated European interest rates and a dramatic 65% drop in costly legacy Polish mortgage lawsuits. These results reflect real balance-sheet rehabilitation rather than accounting tricks. However, the latest quarterly trends show that earnings growth is slowing, with second-quarter profit expanding by less than 1% as lending margins plateau. Because the benefit of higher interest rates has peaked and customer deposit costs are starting to rise, future earnings will rely on operational efficiency and customer fees rather than easy spread expansion.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Profitability has reached cyclical peaks, with net profit margins touching 26% and return on equity reaching 13.0% in 2025 and 14.6% in early 2026. This margin surge was created because loans repriced immediately with higher central bank interest rates, while the interest paid to everyday depositors stayed close to zero in Portugal's concentrated banking market. These peak margins are fundamentally temporary rather than a permanent competitive moat. As depositors gradually move their money into higher-yielding term accounts and competition forces tighter loan spreads, net interest margins will shrink. Long-term will naturally normalize toward 10.5% to 11.0% over the forecast horizon.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-06.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	2,025,352,600	3,203,676,160	25,374,280	35.04	-23.22	1.25	158.18
2017-12-31	2,645,217,680	581,696,990	221,805,290	63.65	16.35	8.39	21.99
2018-12-31	2,615,492,880	4,438,862,460	343,214,100	72.95	24.37	13.12	169.71
2019-12-31	2,807,453,600	474,913,600	338,243,360	76.09	25.95	12.05	16.92
2020-12-31	2,987,903,220	3,628,033,560	223,274,640	Not reported	Not reported	7.47	121.42
2021-12-31	2,862,753,180	4,937,588,520	157,413,480	Not reported	Not reported	5.5	172.48
2022-12-31	3,300,278,040	-755,173,900	222,021,790	Not reported	Not reported	6.73	-22.88
2023-12-31	4,247,260,600	4,232,272,000	941,655,000	Not reported	Not reported	22.17	99.65
2024-12-31	3,882,416,720	5,621,738,720	942,633,120	Not reported	Not reported	24.28	144.8
2025-12-31	4,585,734,270	4,009,573,620	1,191,816,990	Not reported	Not reported	25.99	87.44

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	10.73	Trailing four quarters
2024-12-31	6.16	Trailing four quarters
2023-12-31	4.84	Trailing four quarters
2022-12-31	10.63	Annual net income
2021-12-31	15.43	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2015-01-01	4,568,476,700
2016-01-01	4,554,801,600
2017-01-01	15,113,666,200
2018-01-01	15,113,666,200
2019-01-01	15,113,666,200
2020-01-01	15,113,666,200
2021-01-01	15,113,666,200
2022-01-01	15,113,990,000
2023-01-01	15,113,990,000
2024-01-01	15,113,990,000

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