Italy's BPER Banca Q1 net profit reaches EUR 549 mln after Sondrio integration

Bper Banca SpA

07/05/2026 06:10

Overview

Italy bank's Q1 net interest income reached EUR 1.09 bln, net commission income EUR 681 mln

Adjusted consolidated net profit for Q1 was EUR 549 mln

Integration of Banca Popolare di Sondrio completed, expanding scale and capital base

Outlook

Company plans update on business plan B:DYNAMIC in August 2026, targeting full value in 2027

Company says outlook depends on geopolitical and macroeconomic developments

Result Drivers

BANK INTEGRATION - Completion of Banca Popolare di Sondrio integration expanded scale and capital base, per CEO Gianni Franco Papa

INTEREST RATE DYNAMICS - Net interest income benefited from positive commercial trends and interest rate movements

FEE INCOME GROWTH - Net commission income was driven by fees from assets under management and bancassurance

Company press release: ID:nBIAgmpk9

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Interest Income
EUR 1.09 bln
Q1 CET1 Capital Ratio
14.90%
Q1 Net Commission Income
EUR 680.90 mln
Q1 Operating Income
EUR 1.77 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "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 BPER Banca SpA is €13.80, about 5% above its May 6 closing price of €13.14

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 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.)