UniCredit closed the first quarter with net profit rising 16.1% to 3.2 billion euros, significantly exceeding analyst expectations compared to the same period in 2025, with EPS up 19.7% to 2.15 euros, according to a statement from the lender.

Quarterly revenues grew 5% year-on-year to 6.9 billion euros, while net revenues rose 3.3% to 6.7 billion euros, 'absorbing negative impacts related to interest rates, loan loss provisions, and Russia, underscoring the resilience and diversification of a model structured to perform across the entire macroeconomic cycle', the press release added.

Net interest income stood at 3.6 billion euros, driven by 6% growth in loans and a 5% increase in deposits.

Regarding full-year guidance, the bank upgraded its net profit outlook to 'equal to or greater than' 11 billion euros, up from a previous estimate of approximately 11 billion euros.

(Giancarlo Navach, editing Antonella Cinelli)