Business · Companies · 8 hrs ago
Banco BPM posts record €1.53bn profit in first nine months
Banco BPM earned €1.53bn in the first nine months, a record for the Italian bank and 2.6% more than a year earlier.
The bank said its performance benefited from varied revenue, cost controls and lower loan-loss provisions.
It plans to raise its dividend, with the payment for 2026 expected to exceed €1 per share and an interim payment of €0.50 per share.
Crédit Agricole, which owns 29.6% of Banco BPM, is its largest shareholder.
Banco BPM says it has received no merger proposal from Crédit Agricole, and chief executive Giuseppe Castagna said the bank would not make the first move.
If a proposal comes, Banco BPM says it will assess whether it benefits shareholders, including the other 70% of owners.
The bank expects net profit to exceed €1.95bn and plans to present a new strategic plan in the first half of next year.
Banco BPM reported a record adjusted net profit of €1.53 billion for the first nine months, up 2.6% year on year.
ANSA reported net profit of €1.51 billion and adjusted net profit of €1.53 billion, while Corriere della Sera described €1.53 billion as net profit.
The bank raised its dividend guidance to more than €1 per share for 2026 and increased its interim dividend to €0.50 per share from €0.46.
Banco BPM confirmed its target for 2026 net profit of more than €1.95 billion.
Chief executive Giuseppe Castagna said the bank would consider a proposal from Crédit Agricole but would not make the first move.
- Who
- Banco BPM, led by chief executive Giuseppe Castagna.
- What
- It reported record nine-month profit and raised its dividend guidance.
- When
- The results cover the first nine months of 2026 and were reported on November 5, 2026.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Banco BPM recorded adjusted net profit of €1.53 billion, according to ANSA.
Banco BPM reported its results and raised its interim dividend to €0.50 per share from €0.46.
The interim dividend is due to be paid, bringing shareholders €750 million.
Banco BPM plans to present a new strategic plan.
- Adjusted net profit
- €1.53 billion
- Net profit
- €1.51 billion, according to ANSA
- Year-on-year increase
- 2.6%
- Interim dividend
- €0.50 per share, up from €0.46
- 2026 net profit target
- More than €1.95 billion
- Crédit Agricole stake
- 29.6%
2 sources
What people are saying
We do not see any kind of proposal at this moment for a combination from Crédit Agricole, but if there is one, it is an opportunity we will examine without any problem.
Frankly, we are not the ones who will make the first move; it is up to them to decide the best way forward, if they decide to proceed.
We have reached almost all the targets of the business plan one year ahead of schedule.