Crédit Agricole Toulouse 31: First-Half Net Income Up to €54.7 Million
The Toulouse regional bank has published consolidated net income of €54.7 million for the first half of 2026, compared to €41.8 million a year earlier. This growth is driven by an increase in net banking income and a decline in cost of risk, in an interest rate environment deemed favorable by the institution.
Beyond the result alone, the publication illustrates the impact of the improvement in the net interest margin on the profitability of a retail bank whose activity remains concentrated in Haute-Garonne.
Consolidated Net Banking Income Up 14%
Consolidated net banking income stood at €167.6 million in the first half of 2026, compared to €146.4 million a year earlier, a rise of 14%. According to the institution, customer net banking income increased by €12 million and own funds net banking income by €8.5 million, the latter driven mainly by an increase in dividends from SAS Rue de la Boétie.
On a social basis, net banking income came to 172 million euros, up 12.9%, with a net interest margin growing by more than 34%. Commissions declined slightly by 0.6% year-on-year, penalized by a base effect linked to the recognition of exceptional insurance products in the first half of 2025.
Consolidated cost of risk fell from €11.1 million to €8.5 million, a decrease of 23%. Consolidated gross operating profit amounted to €71.8 million, compared to €51.6 million a year earlier.
Stable Credit Quality and Prudential Ratios in Compliance
The rate of doubtful and disputed receivables changed from 1.58% in June 2025 to 1.71% in June 2026, with no significant deterioration according to the institution. On a social basis, the cost-to-income ratio declined by 6.5 percentage points to 55.1% and net income stood at €53.4 million, up 18.8%.
Outstanding loans increased by 1.1% year-on-year to reach more than €12.3 billion, with over €830 million in credit realizations during the semester, of which nearly €450 million for mortgage lending. Deposit collections stood at €17.7 billion, up 3.6% year-on-year, driven notably by life insurance (+10.6%) and securities (+10.6%).
As of June 30, 2026, the phased CET1 ratio stood at 25.55% (compared to 24.94% at end-2025) and the global solvency ratio at 25.84%. The LCR ratio came to 110.26% and the NSFR ratio to 104.94%, both above the regulatory floor of 100%.
Dividend of €4.44 and Client Base Growth
The institution now has nearly 485,400 clients, with a net customer base increasing by more than 3,500 clients compared to December 31, 2025. The Client Recommendation Index stands at +13, up 4 points compared to the last survey conducted in 2024.
The General Meeting of March 27, 2026 approved the remuneration of the cooperative investment certificate at €4.44 per share, representing a yield of 4.16% on the closing price as of December 31, 2025. The CCI closing price on June 30, 2026 was €130.06.
A buyback program of up to 141,529 CCIs, or 10% of CCIs on the market, was approved, with a maximum budget of €14.1 million in 2026. In the first half of 2026, no CCIs were repurchased under this program.
