Monte dei Paschi posts €543 million third-quarter profit, beating forecasts
Key Facts
Monte dei Paschi’s net profit rose to €543 million in the third quarter of 2026, beating analysts’ average forecast of €533 million, according to figures reported by Reuters. Revenue came to €2 billion, also above expectations. The figures showed that profit for July to September exceeded market estimates, while the available information did not include a numerical comparison with net profit in the same quarter of the previous year. Reuters said net profit “rose to €543 million, beating the consensus forecast of €533 million.” The results come as Intesa Sanpaolo’s takeover and exchange offer proceeds, putting Monte dei Paschi’s financial performance alongside the steps in the acquisition process.
Revenue exceeded market expectations to reach €2 billion in the third quarter, according to Reuters. This gives the revenue figure weight alongside net profit’s outperformance, with the bank posting two key results above analysts’ estimates for the same period. The information did not provide an average revenue forecast or details on the components of income, so the assessment is limited to revenue exceeding expectations at the reported level. The third-quarter results remain a financial indicator of the bank’s performance during the period as the institutional process for Intesa’s offer continues. The available information included no further details on the offer’s effect on the bank’s results or the market reaction to the earnings announcement.
Intesa said its voluntary public takeover and exchange offer was proceeding in light of the outcome of Monte dei Paschi’s shareholder meeting held on October 29, 2026. Intesa’s disclosure identifies the outcome as the context for the offer’s continuation, without saying the meeting settled whether the deal would be completed. The disclosure also did not establish that Monte dei Paschi shareholders rejected a defensive plan or that this paved the way for the takeover. According to Intesa, the bidder will publish the offer document and a European follow-up prospectus before the offer’s acceptance period begins. The offer terms remain applicable, while the documents will be published ahead of the acceptance period and set out details for shareholders.
In trading, Monte dei Paschi shares, listed under the ticker BMDPF, closed at 11.98 on November 4, 2026, according to EL7 data. The data do not specify the currency for this price, and the closing date precedes the session in which the third-quarter results cited in the report were announced. The information provided contains no verified closing price for Intesa shares on November 5, so no corresponding price can be given. The 11.98 figure remains a reference for the share’s trading in the specified session, without assigning it a currency or describing a price movement not included in the data.
Intesa’s interim dividend is scheduled to go ex-dividend on November 23, 2026, with payment due on November 25, according to the bank’s disclosure. Reuters reported that the acceptance phase of the takeover offer is expected to begin in the week of November 23. Before the acceptance period opens, Intesa said it would publish the offer document and the European follow-up prospectus. These steps provide the announced timetable following the earnings release: the dividend goes ex, then the offer documents are published before the acceptance period opens. The disclosure did not set another start date for the period, saying only that the documents would precede it, while Reuters reported the week of November 23 as the expected start of the offer phase.