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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.
BPER Banca
BPER Banca (BPE) investor relations material
BPER Banca Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary6 Aug, 2026
Executive summary
Achieved record adjusted net profit of €1,326m in H1 2026, up 14.7% half-on-half and over 15% year-on-year, marking the best half-year in the bank's history, driven by strong net interest and commission income and the integration of Banca Popolare di Sondrio.
Integration of BPSO completed, creating a scalable platform for further organic and inorganic growth, with IT migration finished and over 3,500 employees onboarded.
Over-delivered on business plan targets, with strong internal capital generation, operational efficiency improvements, and strategic initiatives in corporate lending, wealth management, bancassurance, digital transformation, and operational excellence.
Shareholder remuneration since 2024 exceeds 460%, with cumulative distributions of over €3.1bn between 2025 and H1 2026, and a payout ratio of at least 85% targeted for 2025-2028, equivalent to ~€7.5bn.
Sustained value creation supports attractive shareholder remuneration, with both dividends and buybacks, and no plans to use buyback shares for M&A.
Financial highlights
Total revenues in H1 2026 reached €3.9bn, up 4.5% half-on-half; core revenues at €3.6bn (+2.6% H/H); net interest income at €2.2bn (+1.4% H/H); net commission income at €1.35bn (+4.8% H/H).
Cost/income ratio improved to 41.4% (down from 45.0% in H1 2025), with total costs down 3.9% half-on-half.
CET1 ratio at 15.0% as of June 2026, with organic capital generation of €1.3bn (163bps) in six months.
Loan-to-deposit ratio stable at 77.6%; LCR at 162%, NSFR at 132%, and total financial assets at €424.3bn (+4.4% Y/Y).
Net loans to customers stood at €129.7bn; new loan originations reached €13.5bn (+1.5% Y/Y).
Outlook and guidance
FY26 guidance improved: total revenues expected at ~€8.0bn, net profit at ~€2.7bn, and cost/income ratio to decrease to ~40% by 2028.
Net interest income expected to increase by €300m by 2028, despite a €300m negative impact from Ecobonus phase-out; net commission income projected to grow mid-single digit.
CET1 ratio expected to remain above 14.5% through 2029.
Shareholder distributions, including buybacks, to reach ~€7.5bn (≥85% payout) between 2025-2028.
Lending to corporate clients targeted to grow by 13% and AuM by 18% by 2028.
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Latest events from BPER Banca
- Q1 2026 adjusted net profit €549m, CET1 14.9%, strong efficiency and BPSO integration.BPE
Q1 2026 - Record €2.1bn profit, 75% dividend payout, and BIPSO integration on track.BPEQ4 2025
- Net profit up 30% to €1.48bn, with strong capital and BPSO integration progressing.BPEQ3 2025
- Net profit up 29.5% to €903.5m, with upgraded FY25 guidance and strong asset quality.BPEQ2 2025
- Targets €1.5bn net income, 75% payout, digital growth, and strong capital by 2027.BPECMD 2024
- 1H24 net profit up 2.8% to €724.2m, with strong capital, asset quality, and revenue growth.BPEQ2 2024
- Net profit up 2.2% YoY to €1.1bn, CET1 at 15.8%, with strong capital and asset quality.BPEQ3 2024
- Record Q1 profit, strong commissions, robust capital, and Sondrio merger progressing smoothly.BPEQ1 2025
- Net profit up 4.1% to €1.41bn, dividend doubles, major merger targets top-3 status.BPEQ4 2024
Next BPER Banca earnings date
Q3 20265 Nov, 2026
BPER Banca
Next BPER Banca earnings date
Q3 20265 Nov, 2026
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Frequently asked questions
BPER Banca SpA, originally known as Banca Popolare dell'Emilia Romagna S.C., is an Italian banking group that provides a wide array of traditional banking services. Its offerings cater to individuals, as well as corporate and public entities. The bank offers a comprehensive suite of financial products and services. These include various accounts and deposits, loans for personal needs, education, mortgage, and corporate finance, along with card products, investment solutions, insurance coverage, and treasury services. BPER Banca is also engaged in wealth management, private banking, investment banking, money transfers, and digital banking services, ensuring a broad service portfolio that addresses the needs of individuals, corporate customers, and small and medium-sized enterprises. The company is headquartered in Modena, Emilia-Romagna, Italy, and its shares are listed on the BIT.