Monte dei Paschi di Siena smashes second-quarter profit estimates

Published 06/08/2025, 08:24

Investing.com -- Banca Monte dei Paschi di Siena SpA (BIT:BMPS) (MPS) reported stronger-than-expected second-quarter earnings on Wednesday, bolstering its position as it pursues a takeover of larger rival Mediobanca (BIT:MDBI).

The Italian lender posted a net profit of €479 million for the three months to June, well above the €349 million projected in the company’s analyst consensus.

Revenue rose 4% from the previous quarter to €1.05 billion, driven by a 33% increase in trading income, higher net interest income despite falling rates, and rising fee income. Analysts had expected revenues of €982 million.

Net operating result came in at €488 million, up 9.1% quarter-on-quarter.

MPS said its fully loaded CET1 ratio remained at 19.6%, matching the record level seen in the first quarter and placing it among the highest in the sector.

The strong capital position could give the bank additional flexibility to revise its offer for Mediobanca, ahead of the September 8 deadline.

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