Italy's Banca Mediolanum hikes interest income target after Q1 growth

Banca Mediolanum SpA

07/05/2026 10:23

May 7 (Reuters) - Italy's Banca Mediolanum BMED.MI reported a 13% rise in its first-quarter net profit to 276.2 million euros ($325.2 million) and raised its net interest income guidance for the full year on Thursday.

The lender's net interest income grew 31% from a year ago to 236.3 million euros in the quarter. It now expects the key metric to grow 15% in 2026, instead of the previously guided 10%.

Q1 net commissions amounted to 353.3 million euros, up 12% from the same period in 2025

CET1 capital ratio, a core measure of a bank's capital strength, stood at 22.8% at end-March, versus 23.0% in December

April net inflows were 1.29 billion euros, up from 1.13 billion euros a year ago

Shares up 2.2% after the results, extending their early gains

(Reporting by Anna Uras in Gdansk, editing by Milla Nissi-Prussak)

((Anna.Uras@thomsonreuters.com))