Unicaja rises after Q3 profit, NII beat

Unicaja Banco SA

31/10/2025 09:16

** Shares of Unicaja UNI.MC rise around 3% after the Spanish lender posted Q3 net profit and net interest income (NII) beat

** Q3 net profit of 165 million euros ($192.42 million) and NII of 375 million euros came in above the analysts' forecast of 153 million euros and 372 million euros, respectively

** Jefferies says that 10% net profit beat is driven by better cost of risk (CoR), with NII also a slight beat on "good margin management"

** The broker also highlights Unicaja's strong capital position with a CET1 ratio of 16.1%

**  "2025 NII, CoR and RoTE guidance is upgraded, but aligned with consensus numbers," Jefferies adds

 (Reporting by Joanna Jonczyk-Gwizdala)

 ((joanna.jonczyk@tr.com))