Banca Monte dei Paschi di Siena closes the first semester cin a double -digit growth of the profit, confirming the growth of operational performance thanks to a commercial network capable of generating “quality revenues with a significant commission component”.
The results of the first half
At the end of the first semester, the group made a total of 2,054 million euros, increasing compared to the same period of the previous year (+1.1%). This dynamic was mainly determined by the growth of net commissions (+9.1%) and other revenues of financial management (+32.2%), which more than compensating the dynamics of the margin of interest (-6.7%), which in the first half of 2024 had benefited from interest rates on higher levels, and the flexion of other proceeds and management charges.
The margin of interest as of June 30, 2025 was equal to 1,094 million euros, falling compared to the corresponding semester of 2024 (-6.7%, equal to -78.1 million euros). The net commissions, equal to 803 million euros, highlight growth compared to those held in the same period of the previous year ( +9.1%, equal to +66.7 million euros).
The group operating result of the group stands at 1,111 million euros, growing compared to 30 June 2024 (equal to 1,106 million euros). The net operating result is equal to 936 million euros, growing compared to the result of 897 million euros recorded in the first half of 2024.
The profit of the gross period of taxes amounts to 857 million euros, growing +151 million euros ( +21.4%) compared to the profit of 606 million euros of euros recorded in the corresponding period of 2024 of 2024.
2nd quarter in acceleration
The revenues of the second quarter were equal to 1,047 million euros, resulting increasing compared to the previous quarter (+3.9%) thanks to the positive dynamic recorded on all components and, in particular, on the margin of interest (+1.5%), on net commissions (+1.7%) and on other revenues of financial management (+32.8%).
The result of the second quarter of the 2025 year is higher than the previous quarter ( +1.7%, equal to +6.7 million euros), thanks to the combined effect of greater income recorded on the commercial banking sector ( +9.9%, equal to +18.4 million euros) and a flexion on the management/intermediation and consultancy activity (-5.5%, equal to -11.7 mln. euro).
The gross operating result of the second quarter 2025, equal to 576 million euros, is increasing by +7.6% compared to the previous quarter (equal to 535 million euros). The net operating result, equal to 488 million euros, is increasing compared to the 448 million euros of the previous quarter. The profit of the second quarter, equal to 479 million euros, is growing by 15.7% compared to that accounted for in the previous quarter (equal to 413 million euros).
Assets confirmed
As of June 30, 2025, the net assets of the group and relevance of third parties is equal to 11.5 billion euros, which is compared with the 12 billion euros to 31 March 2025: the difference is attributable to the combined effect of payment, in May 2025, of dividend 2024 for an amount equal to 1,083.4 million euros, and of the profit recorded in the second quarter. Compared to 31 December 2024, the net assets of the group and relevance of third parties, as of 30 June 2025, is 0.2 billion euros lower, also in this case, as a consequence of the profit of the first semester 2025 and the distribution of dividend 2024.
As regards the capital coefficients, the Cet1 Capitio Ratio Fully Loaded attest to 19.6% at 30 June 2025, including the profit of the period, whose computability is subject to the approval of the European Central Bank and deducing from the capital the dividends accrued in the semester by taking a pay out of 75% of the profit assets; The Total Capital Ratio Fully Loaded was 21.8%.
The results of the 2025 stress test – recalls the bank – were the best ever and confirm the strong solidity of the group and its ability to generate capital in a sustainable way, placing the patrimonialization of MPS at the top of the Italian and European banking system.
