(Alliance News) - Banca Monte dei Paschi di Siena Spa announced Tuesday that it generated a first-quarter profit of EUR520.8 million, up from EUR413.1 million in the same period of 2025.
Revenue amounted to EUR1.96 billion, compared to EUR1.01 billion in the first quarter of 2025. Excluding the contribution from Mediobanca, which totaled EUR925 million, revenue stood at EUR1.03 billion, up 2.7% year-on-year. This growth was driven by positive momentum in net interest income, net commissions, and other financial management income, the company specified in a note.
Net interest income reached EUR1.04 billion, up from EUR543.0 million in 2025. Excluding Mediobanca, the figure for the first quarter of 2026 was EUR547.2 million.
Net commissions rose to EUR618.3 million - or EUR409.7 million excluding Mediobanca - from EUR397.9 million as of March 31, 2025.
Operating profit totaled EUR946.8 million - EUR490.3 million without Mediobanca - compared to EUR447.7 million in the prior-year period.
As of March 31, the group's total funding volumes stood at EUR360.6 billion, remaining substantially stable compared to December 31, 2025, across both direct and indirect funding.
The stock of gross non-performing loans amounted to EUR3.7 billion, including EUR800 million from Mediobanca. This represents a decrease from EUR3.9 billion on December 31, 2025, and, on a like-for-like basis, a decline from the EUR3.6 billion recorded on March 31, 2025.
Regarding capital ratios, as of March 31, the Common Equity Tier 1 Ratio stood at 15.9%, compared to 19.6% on March 31, 2025, and 16.2% on December 31, 2025. The Total Capital Ratio was 17.9%, compared to 22% on March 31, 2025, and 18.4% on December 31, 2025. These figures do not include period profits, as they anticipate a dividend pay-out of up to 100% of the MPS group's net profit.
By Chiara Bruschi, Alliance News reporter
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