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Spanish regional bank formed from the merger of Unicaja and Liberbank, focused on retail and SME banking.
Spanish regional bank formed from the merger of Unicaja and Liberbank, focused on retail and SME banking.
Earns mostly the spread between loan interest and the cost of deposits, and Spanish mortgages are largely variable-rate, so income follows euro interest rates quickly. It also earns commissions from selling insurance and funds through its branches. The 2021 merger with Liberbank made it a larger regional bank.
In one line: A Spanish regional savings-bank-turned-commercial-bank.
Moat: narrow (scale, distribution). Regional retail banking franchise strengthened by the Unicaja-Liberbank merger, but sub-scale vs national banks.
Headquarters: Malaga, Spain · Founded: 1991 · Employees: 7,509
Size Unicaja Banco (UNI.MC) is a Spain Financials company (Major Banks) with a market value of $9.53B, the 21st largest of 97 Spain companies the cockpit tracks. Shares closed at €3.31 on 6 Nov 2026.
Performance Over six months the shares gained 19.7%, against +2.2% for the median peer and +8.2% for the Spain market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 2.9% over the last twelve months (peer median +7.4%); the operating margin is 44.0% (peer median 40.7%).
Valuation It trades at 1.34× book value against a peer median of 1.17× (7th most expensive of 21).
Price implies The share price implies a return on equity of about 12.2%; Unicaja Banco delivers 10.1%, so the price asks more than the business earns today.
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €2.97B | €2.97B | €3.32B | €2.97B | €1.96B |
| Revenue growth | — | -11% | +12% | +51% | — |
| Net income | €674M | €626M | €566M | €260M | €271M |
| Free cash flow | n/a | €167M | €682M | €2.11B | -€456M |
| Capital expenditure | n/a | €109M | €51.0M | €68.7M | €64.8M |
| Total debt | €9.31B | €13.1B | €11.5B | €13.7B | €13.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Unicaja Banco UNI.MC | $9.53B | +20% | -3% | 10% | 1.34× | 12.2% |
| CaixaBank CABK.MC | $91.9B | +7% | -2% | 16% | 2.05× | 13.3% |
| Banco de Sabadell SAB.MC | $19.2B | +8% | -35% | 5% | 1.40× | 15.5% |
| Banco Santander SAN.MC | $174B | +4% | +15% | 13% | 1.40× | 17.1% |
| Banco Bilbao Vizcaya Argentaria BBVA.MC | $140B | +20% | +9% | 20% | 2.15× | 24.8% |
| Bankinter BKT.MC | $14.5B | +4% | 0% | 18% | 1.87× | 12.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | UNI.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.0% | +2.3% | 9th highest of 21 |
| 6-month return | +19.7% | +2.2% | 5th highest of 21 |
| Return on equity | 10.1% | 10.9% | 8th lowest of 21 |
| Price / book | 1.34× | 1.17× | 7th most expensive of 21 |
| Trailing P/E | 12.6× | 11.1× | 8th most expensive of 21 |
| ROE the price implies | 12.2% | 10.4% | 8th most demanding of 21 |
| ROE delivered | 10.1% | 10.9% | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Unicaja Banco UNI.MC | Spain | $9.53B | +20% | -3% | 10% | 1.34× | 12.2% | 10.1% |
| Old National Bancorp ONB | United States | $9.43B | +3% | +18% | 12% | 1.17× | 10.3% | 11.5% |
| Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd ZIONP | United States | $9.72B | -16% | +4% | 16% | 0.31× | 4.0% | 16.5% |
| AL Sydbank A/S ALSYDB.CO | Denmark | $9.20B | +37% | +27% | 10% | 1.78× | 6.3% | 9.6% |
| IDBI Bank IDBI.NS | India | $9.04B | +5% | +3% | 12% | 1.18× | 26.1% | 11.8% |
| SouthState Bank SSB | United States | $10.1B | +8% | +18% | 10% | 1.11× | 9.3% | 10.3% |
| Jyske Bank A/S JYSK.CO | Denmark | $9.02B | +25% | +3% | 10% | 1.32× | 5.3% | 10.3% |
| UMB Financial UMBF | United States | $10.2B | +2% | +17% | 14% | 1.34× | 11.2% | 13.5% |
| Shinkin Central Bank Pfd Subs Cert 8421.T | Japan | $10.3B | -1% | +47% | 3% | 1.02× | 4.4% | 3.0% |
| Federal Bank Ltd. (India) FEDERALBNK.NS | India | $8.81B | +14% | +11% | 13% | 1.97× | 27.7% | 13.1% |
| Huishang Bank 3698.HK | Hong Kong | $8.31B | -8% | +1% | 11% | 0.36× | 3.8% | 10.7% |
| China Zheshang Bank 601916.SS | China | $11.2B | -2% | -4% | 7% | 0.44× | 2.0% | 7.2% |
| BOK Financial BOKF | United States | $7.87B | -2% | +3% | 11% | 1.33× | 10.6% | 11.2% |
| Fukuoka Financial 8354.T | Japan | $7.75B | 0% | +22% | 9% | 1.08× | 7.0% | 8.7% |
| Valley National Bancorp VLY | United States | $7.75B | +5% | +3% | 9% | 1.03× | 10.6% | 9.4% |
| Canara Bank CANBK.NS | India | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% | 16.8% |
| Mebuki Financial 7167.T | Japan | $7.57B | +6% | +25% | 9% | 1.16× | 6.2% | 9.2% |
| IndusInd Bank INDUSINDBK.NS | India | $7.48B | -4% | -2% | 5% | 1.04× | 17.8% | 4.5% |
| Credito Emiliano CE.MI | Italy | $7.48B | +26% | -2% | 12% | 1.41× | 13.1% | 12.3% |
| Lion Finance BGEO.L | United Kingdom | $7.39B | +20% | +19% | 27% | 1.89× | 21.1% | 27.3% |
| Bank of Maharashtra MAHABANK.NS | India | $7.08B | +2% | +17% | 23% | 1.79× | 26.2% | 23.3% |