Published by Global Banking & Finance Review®
Posted on May 7, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleBanco BPM raised its 2025 guidance after a 38% rise in Q1 net profit, driven by fee and trading income, despite a decline in net interest margin.
MILAN (Reuters) -Banco BPM raised its 2025 guidance after a bigger-than-expected 38% rise in first quarter net profit thanks to rising fee and trading income which offset a decline in the net interest margin, it said on Wednesday.
The bank, the target of a 13.8 billion euro all-share offer from UniCredit, reported a net profit of 510.7 million euros ($580.5 million) in the January-March period, up from 370 million a year earlier.
That compared with an analyst consensus forecast compiled by Reuters of 445 million euros.
Net interest margin declined by 5.5% year-on-year in the first three months as the gap between lending and deposit rates shrinks.
Banco BPM said it now expected a net profit of 1.95 billion euros in 2025 from previous target of 1.7 billion euros. ($1 = 0.8798 euros)
(Reporing by Andrea MandalàEditing by Gianluca Semeraro and Keith Weir)
The main topic is Banco BPM raising its 2025 guidance after a strong first quarter performance.
Banco BPM's Q1 net profit was 510.7 million euros, a 38% increase from the previous year.
The net interest margin declined due to a shrinking gap between lending and deposit rates.
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