Banco BPM SpA
MIL:BAMI

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Banco BPM SpA Logo
Banco BPM SpA
MIL:BAMI
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Price: 11.99 EUR -0.7% Market Closed
Market Cap: 18.2B EUR

Banco BPM SpA
Investor Relations

Banco BPM SpA, a stalwart pillar in the Italian banking industry, emerged onto the scene through the merger of two venerable institutions: Banco Popolare and Banca Popolare di Milano in 2017. This unification carved out a significant niche for Banco BPM as the third-largest bank in Italy, solidifying its presence in a competitive financial landscape. The bank's operations span the full spectrum of banking services, from retail banking to corporate and investment services, providing a comprehensive suite of financial products. This expansive reach allows Banco BPM to effectively serve a broad clientele, including individual consumers, small and medium enterprises (SMEs), and larger corporates, facilitating their financial needs through loans, mortgages, and credit offerings.

Central to Banco BPM's revenue generation is its ability to deftly manage an extensive portfolio of financial products. The bank capitalizes on its strong foothold in Italy's economically vital regions, leveraging localized knowledge to foster relationships and drive customer loyalty. Fee-based income from advisory services, asset management, and insurance products complements its interest income from traditional banking operations. By maintaining a strategic focus on innovation and digital transformation, Banco BPM seeks to streamline operations and enhance customer experiences, ensuring that while it honors its rich legacy, it remains agile and responsive to the evolving dynamics of modern finance.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
May 7, 2025
AI Summary
Q1 2025

Record Net Profit: Banco BPM reported its best-ever quarterly results with net profit of €511 million, up 38% year-on-year.

Guidance Raised: 2025 net profit guidance was increased from €1.7 billion to €1.95 billion, matching the previous 2026 target.

Strong Revenue Growth: Total revenues rose 2.9% year-on-year to €1.476 billion, despite a lower net interest income due to falling Euribor rates.

Cost Control: Operating costs fell 3.5% and the cost/income ratio improved to 44%, ahead of plan.

Asset Quality Improvement: Cost of risk reduced to 30 basis points and gross NPEs dropped from €3.6 billion to €2.8 billion.

Anima Acquisition: The Anima acquisition will be consolidated starting Q2, expected to contribute over 10% EPS accretion and drive noninterest income higher.

Capital Strength Maintained: CET1 ratio remains close to or above 13% even after Anima, with a strong MDA buffer and capital generation from both profit and DTAs.

Key Financials
Net Profit
€511 million
Total Revenues
€1.476 billion
Customer Loans
up 2.5% quarter-on-quarter
Investment Products
€6.7 billion
Operating Costs
down 3.5%
Cost/Income Ratio
44%
Cost of Risk
30 basis points
Gross NPEs
€2.8 billion
Return on Tangible Equity (ROTE)
16.7%
Return on Investment (ROI)
22.1%
CET1 Ratio
15.3%
MDA Buffer
459–559 basis points
Noninterest Revenues (% of Total Revenues)
49% (pro forma including Anima)
Net Fee and Commission Income
up 6% year-on-year
Earnings Call Recording
Other Earnings Calls
2025
2024
2023
2021
2020
2019

Management

Mr. Giuseppe Castagna
CEO & Director
No Bio Available
Mr. Edoardo Maria Ginevra
Co-GM & CFO
No Bio Available
Mr. Domenico De Angelis
Co-GM & Chief Business Officer
No Bio Available
Giovanni Sordello
Head of Operations & Real Estate
No Bio Available
Mr. Alberto Gasparri
Head of Investments
No Bio Available
Gianpietro Val
Executive in charge of drafting of corporate accounting documents
No Bio Available
Arne Riscassi
Investor Relations Manager
No Bio Available
Ms. Antonia Cosenz
Head of Legal & Regulatory Affairs
No Bio Available
Matteo Cidda
Head of Communication
No Bio Available
Mr. Roberto Speziotto
Head of Human Resources
No Bio Available

Contacts

Address
VERONA
Verona
Piazza Nogara, 2
Contacts
+390458675048.0
www.bancobpmspa.it