MILANO (ITALPRESS) – UniCredit closed the third trimester of 2026 recording a profit clearly of 3,3 billion euros, in increase of 24% on an annual basis and of 12% regarding the previous trimester, marking the best trimester ever for the Group. In the first nine months of the year, net profit reaches the record of 9,4 billion euros (+7% a/a). In the light of these results, UniCredit has raised the ambition on net profit for the entire exercise 2026 to well beyond 11.5 billion euros before extraordinary posts.
Total revenues of the quarter increased by 12% to/from 6.9 billion euros, supported by core revenues representing 90% of the total. In detail, the margin of interest (NII) grew by 8.2% to/from 3.8 billion euros, while the commissions and the result of the insurance management rose by 10.7% to/from 2.4 billion euros. Operating costs declined by 1.3% to/from 2.3 billion euros, bringing costs to 32.8% (-4.4 p.p. A/a) and gross operating income at 4.6 billion (+19.6% a/a). On the balance sheet, the organic generation of capital in the nine months amounted to 8.2 billion euros, bringing the CET1 ratio to 15.0% (+73 p.b. trim/trim). The Board of Directors approved the distribution of a deposit dividend of 4.5 billion euros (equal to €3,0034 per share, more than doubled per share), with coupon tax on 23 November and payment on 25 November 2026.
With regard to the participation in Commerzbank, following the ECB’s authorisation for the acquisition of control, UniCredit plans to obtain the remaining regulatory authorisations by the end of November 2026, with the entry into force of the new governance and the start of “Commerzbank Unlocked” provided by the first quarter of 2027.
ORCEL “LA STRATEGIA UNLIMITED FUNZIONA”
“UniCredit has achieved its best quarter ever, and the best in the sector, exceeding expectations in all KPIs”: so UniCredit CEO Andrea Orcel commented on the results of the third quarter of 2026. The AD has highlighted how the combination of the highest growth in net profit, the best RoTE, profitability and the generation of capital has supported returns to the top of the sector, while simultaneously strengthening the bank’s wealth structure. Orcel underlined the Group’s ability to gain ground in key markets: “We have successfully balanced the commercial, industrial and technological lever, accelerating our growth, gaining market share in targeted segments without compromising on margins or risk, continuing to invest consistently in our transformation.”.
Results that, according to the CEO, testify “the solidity of our franchise, the talent of our people and the success of the initial phase of our Unlimited strategy”. The AAD then reiterated the change of structural step made by the institute: “We have structurally transformed the way UniCredit operates, combining sustainable profitable growth with structural cost efficiency, regulated allocation of capital and a solid wealth.” “We are building a bank that can achieve its objectives through the macroeconomic cycle,” said Orcel.
“As a Bank for Europe, our diversified business model, the solid capital position and our defence lines give us resilience and strategic flexibility in the different market contexts.”.
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(ITALPRESS).
