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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Banca Mediolanum
Banca Mediolanum (BMED) investor relations material
Banca Mediolanum Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary10 Nov, 2026
Executive summary
Record 9M net income reached €843.3m, up 16% YoY; operating margin rose 18% to €1,056.3m.
Total net inflows were €9.52bn, up 17%, including €7.24bn into managed assets; total assets reached €170.59bn, up 13% YoY.
Growth spanned banking, managed assets, lending and insurance; Spain also increased operating margin and net income.
Financial highlights
Contribution margin rose 13% to €1,760.3m; net commission income increased 10% to €1,068.6m and net interest income rose 24% to €723.9m.
Profit before tax increased 18% to €1,151.3m; net income grew 16% to €843.3m.
Non-recurring items totaled €94.9m, up 17%, including €89.9m of performance fees, up 42%.
Acquisition costs rose 19% to €682.8m; total costs grew slightly more than 6% and the cost/income ratio improved to 35.1%.
Outlook and guidance
2026 managed-asset net inflows expected above €9bn; 2027 volumes expected to grow assuming stable markets.
Net interest income expected to rise 20% in 2026 and ~10% in 2027, assuming average 3-month Euribor of 3.0%.
Cost/income ratio expected below 38% in 2026 and to decline further in 2027; cost of risk guided at ~20 bps.
2026 base dividend per share expected to exceed €0.80, subject to approval; accumulated unrecognized performance fees were ~€206m at Nov. 6.
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Latest events from Banca Mediolanum
- Record earnings and asset growth, powered by higher interest income and a 40% dividend increase.BMED
Q4 2023 - Net income up 16% to €555.5M, record assets, and robust growth across all core metrics.BMEDQ2 2026
- Q1 2026 net income up 13% to €276.2M, with strong asset growth and resilient inflows.BMEDQ1 2026
- Record net income, strong asset growth, and a 25% higher dividend highlight a standout year.BMEDQ4 2025
- Net income up 6% to €477.3M, with record assets, strong inflows, and robust capital ratios.BMEDQ2 2025
- Net income up 24% to €449.9M, CET1 at 23.7%, and managed asset inflows guidance raised.BMEDQ2 2024
- Net income up 18% to €674.3M, assets at €133B, CET1 at 23.4%, interim dividend approved.BMEDQ3 2024
- Net income up 10–10.4% YoY to €243.3m, with record inflows and strong capital ratios.BMEDQ1 2025
- Record net income and €10.44B inflows drive 42% dividend hike; 2025 inflows to stay strong.BMEDQ4 2024
Next Banca Mediolanum earnings date
Q4 20263 Feb, 2027
Banca Mediolanum
Next Banca Mediolanum earnings date
Q4 20263 Feb, 2027
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Frequently asked questions
Banca Mediolanum S.p.A., originally founded as Programma Italia SpA in 1982 and transformed into its current form in 1997, is an Italian financial institution that provides a wide array of banking, insurance, and asset management services. Its offerings include various types of accounts and deposits, such as current and savings accounts, along with debit, credit, and prepaid cards. The bank also provides mortgages, loans, and e-banking solutions, catering to both individual and family needs. Banca Mediolanum emphasizes tailored, comprehensive financial solutions delivered through innovative and user-friendly technological platforms. The company also engages in investment solutions like mutual funds, unit-linked policies, bond issues, certificates, financial planning and advisory, asset management, and trading services. Additionally, it offers life and non-life insurance, private banking, and pension services. The company is headquartered in Basiglio, Milan, Italy, and its shares are listed on the Borsa Italiana under the ticker symbol BMED.