Banco di Desio e della Brianza (BDB) Q3 2025 earnings summary

Executive summary

• Consolidated net profit for the first nine months of 2025 was €105.9 million, down 9.0% year-over-year, with annualised ROE at 10.1% and commission growth of 5.1%.

• Operating profit reached €185.8 million, with net interest income declining 9.4% due to market rate movements, while net fees increased.

• Cost/income ratio rose to 59.0% from 54.9% in Q3 2024, reflecting higher personnel and administrative expenses.

Financial highlights

• Operating income was €453.1 million, down 3.2% year-over-year; net interest income fell by €27.0 million (-9.4%), partially offset by a €8.1 million (+5.1%) rise in net commissions.

• Operating expenses increased by €17.3 million (+6.9%), mainly due to higher personnel and administrative costs.

• Result from operations dropped 14.8% to €185.8 million; current result after taxes was €105.9 million, down 7.7%.

• Non-recurring items were negligible in 2025, compared to a positive €1.0 million in the prior period.

Outlook and guidance

• The macroeconomic environment remains uncertain due to geopolitical tensions, high US rates, and subdued Eurozone growth.

• Italian banking sector saw modest deposit and lending growth, with declining funding costs and loan rates.