Italy's Mediolanum Q1 profit rises on higher interest income

Banca Mediolanum SpA

07/05/2026 09:51

Overview

Italy banking group's Q1 net income rose 13% yr/yr to EUR 276 mln

Net commission income and net interest income saw double-digit growth

Company attributed results to higher contribution from deposits and sound pricing

Outlook

Company says business results support a positive outlook for the remainder of the yr

Company notes global uncertainty and financial market volatility may impact results

Result Drivers

NET INTEREST INCOME - Co said net interest income rose 31% yr/yr, mainly due to reduced funding costs and higher contribution from customer deposits and deposit pricing

NET COMMISSION INCOME - Co said net commission income rose 12% yr/yr, supported by growth in management fees, investment management fees and banking service fees

TIME DEPOSIT PROMOTION - Co said time deposit promotion helped strengthen market position and gather new liquidity

Company press release: ID:nBIA3tBpDr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
EUR 276 mln
Q1 CET1 Capital Ratio
22.80%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Banca Mediolanum SpA is €21.60, about 12.7% above its May 6 closing price of €19.16

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)