By Adria Calatayud
Mediobanca reported a decline in net profit for its fiscal second quarter, reflecting lower revenue and higher costs.
The Italian bank, majority owned by Banca Monte dei Paschi di Siena, said late Monday that it made a net profit of 221.4 million euros ($263.8 million) for the quarter ended Dec. 31 compared with 329.7 million euros in the year-earlier period. Mediobanca said this included one-off costs related to last year's takeover offer by Monte Paschi and to write-downs for two non-Italian subsidiaries.
Total income for the quarter declined to 918.4 million euros from 984.6 million euros, with income from both interest rates and fees and commissions down.
Mediobanca said it expects a sound commercial performance in consumer finance, with a robust pipeline in its corporate-and-investment banking arm in the current quarter.
The bank said it changed its reporting year to align with its parent Monte Paschi, whose reporting year ends on Dec. 31, and that it would revise its expectations for the 2025-28 period in line with the revised strategic guidelines of the broader group.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
February 10, 2026 01:35 ET (06:35 GMT)
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