Italy's Banco BPM Q1 net income rises 15% sequentially, CET1 ratio above plan threshold

Banco BPM SpA

05/05/2026 14:17

Overview

Italy bank's Q1 net income rose 15% q/q to EUR 480 mln

CET1 capital ratio at 13.59%, above strategic plan minimum threshold

Company cites improved operating profit, higher revenues, and contained costs for Q1 results

Outlook

Banco BPM confirms confidence to deliver €1.00 dividend per share in 2026

Company sees trajectory consistent with €2.15 bln net income target for 2027

Banco BPM expects sustainable profitability ahead of €7.7 bln cumulative net income target for 2024-2027

Result Drivers

FEE INCOME GROWTH - Co said record net fees and commissions, driven by investment products, supported Q1 revenue

COSTS DECLINE - Co attributed lower operating costs to efficiency measures and voluntary exits

ASSET QUALITY IMPROVEMENT - Co reported improved asset quality with lower default and NPE ratios

Company press release: ID:nBIANCfxw

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
EUR 480 mln
Q1 CET1 Capital Ratio
13.59%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and 3 "sell" or "strong sell"

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

Wall Street's median 12-month price target for Banco BPM SpA is €13.50, about 11.2% above its May 4 closing price of €12.15

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 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.)