Informazione
Regolamentata n.
30041-26-2026Data/Ora Inizio Diffusione 12 Agosto 2026 19:25:58MTF
Societa' :ICCREA BANCA S.p.A
Utenza - referente :ICCREABANCAN03 - Maggi Simone
Tipologia :REGEM
Data/Ora Ricezione :12 Agosto 2026 19:25:58 Data/Ora Inizio Diffusione :12 Agosto 2026 19:25:57 Oggetto :1H26 Results Testo del comunicato
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1 Press release BCC Iccrea Group: Consolidated results as of 30
June 2026
First -half results confirm the Group's strong capital and financial position and its ongoing support for the growth of local communities, in line with the principles of the Cooperative Credit model .
The positive growth in lending and total funding continued, reflect ing the Group's strong territorial presence .
• New credit disbursements1: €10.5 billion ( approximately +13% YoY) • Net customers loans (stock ):2 €100.9 billion (+ 4.0% YoY) • Direct funding (stock ):3 €144.3 billion (+ 3.1% YoY) • Indirect funding ( stock ):4 €84.6 billion ( +12.9 % YoY).
• Net equity: €18.5 billion (€1 6.8 billion at the end of June 2025).
• CET 1 ratio : 26.7% (2 5.2% at the end of June 2025 ) • LCR : 293% ( 288% at the end of June 2025 ), NSFR: 160% (160% at the end of June 2025 ) • Gross NPL ratio : 2.4% ( 3.1% at the end of June 2025 ); Net N PL ratio : 0.6% (0.8% at the end of June 2025 )5.
1 Consolidated management figures as of June 30th, 2026.
2 They include operations (mainly repurchase agreements) with institutional counterparties amounting to approximately €4.4 billion (approximately €3.2 billion at the end of 2025; approximately €5.2 billion at the end of June 2025).
3 Due to customers and securities issued.
4 Consolidated management figures . Indirect funding consisting of assets under custody, assets under management and bancassurance.
5 NPL Ratio calculated as the ratio of non -performing loans to customers and total loans to customers at amortised cost (gross and net values). Even applying the EBA methodology, the gross and the net NPL ratio s remain unchanged at 2.4% and 0.6% respectively . Excluding transactions with institutional counterparties, as of June 30th, 2026, the gross NPL ratio stood at 2.5% and the net NPL ratio was 0.6% .
2 Rome, 12 August 2026 The Board of Directors of Iccrea Banca has examined the consolidated results of the BCC Iccrea Group as of June 30th, 2026.
During the first half of 2026, the BCC Iccrea Group, the largest cooperative banking group in Italy , continued on its growth path, with an increase in lending activity and direct funding, together with further strengthening of its fundamentals . This confirm s the Group’s strong capital and financial position and the effectiveness of the Cooperative Credit service model.
Indirect funding also recorded positive growth, increasing by approximately €10 billion compared with June 2025, also supported by recent initiatives in the insurance and asset management segments aimed at diversifying revenue sources.
Further confirmation of the Group’s positive performance came from the rating agency Fitch, which during the second quarter upgraded the Group’s Long -Term Rating to “BBB+” from “BBB”, aligning it with Ital y’s sovereign rating. This represents the Group’s eleventh rating upgrade since the end of 2022 .
Consolidated Balance Sheet Net customers loans amounted to €100.9 billion ( +4.0% compared to the end of June 2025 ; +3.1% compared to the end of 2025). This trend was also supported by new credit disbursements during the half -year, amounting to €10.5 billion ( approximately +13% y/y).
The incidence of non -performing loans was confirmed at extremely sound levels both at gross level (gross NPL ratio) at 2.4% ( 3.1% at the end of June 2025 ; 2.5% at the end of 2025) and at net level (net NPL ratio) at 0.6% ( 0.8% at the end of June 2025 ; 0.6% at the end of 2025).
The coverage ratio of total non -performing loans was also particularly high at 75.6% ( 74.3% at the end of June 2025 ; 75.8% at the end of 2025). The share of bad loans in the portfolio continued to decline (less than 1/3 of the total non -performing portfolio ), showing a high coverage ratio (coverage ratio 89.6%).
Total financial assets stood at €59.7 billion ( €56.5 billion at the end of June 2025 ; €57.5 billion at the end of 2025).
3 Direct funding6 reached €144.3 billion ( +3.1% compared to the end of June 2025 ; +0.8% compared to the end of 2025).
The loan -to-deposit ratio stood at 69.9% ( 69.3% at the end of June 2025 ;
68.4% at the end of 2025).
Net equity rose to €18.5 billion ( €16.8 billion at the end of June 2025 ; €17.7 billion at the end of 2025).
Finally, indirect funding rose to €84.6 billion ( €74.9 billion at the end of June 2025 ; €78.3 billion at the end of 2025).
Consolidated Income Statement In terms of revenues, in the first half of 2026, the Group reported a gross income of €3,004 million (+5.2% y/y; +13.2% q/q), with a net interest income of €2,106 million (+4.6% y/y; +10.1% q/q). Net fees and commission income reported a positive trend amounting at €767 million (+7.5% y/y; +4.7% q/q).
Operating costs amounted to €1,637 million (+4.3% y/y; +7.1% q/q); the Group's cost/income ratio stood at 54.5% ( 55.0% at the end of June 2025 ;
55.5% at the end of 2025).
Net loan loss provisions7 amounted to €158 million ( €67 million at the end of June 2025), with an annualized cost of credit of approximately 31 bps8.
Net profit for the period amounted to €1,068 million (+1.5% y/y).
Capital ratios and liquidity indicators As of June 30th, 2026, the CET1 ratio was 26.7% (25.2% at the end of June 2025;
26.0% at the end of 2025) and the TC ratio ( Total Capital ratio ) was 27.1% (25.7% at the end of June 2025; 26.4% at the end of 2025).
As regards the liquidity position, as June 30th, 2026 , the LCR ( Liquidity Coverage Ratio ) ratio was 293% ( 288% at the end of June 2025; 276% at the end of 2025), and the NSFR ( Net Stable Funding Ratio ) at 160% (160% at the end of June 2025; 162% at the end of 2025).
6 Due to customers and securities issued.
7 It includes net adjustments for credit risk and net losses from contract changes without derecognition.
8 Loan loss provisions on loans to customers .
4 Finally, on the same date, immediately available liquidity reserves amounted to €44.7 billion ( €42.8 billion at the end of June 2025 ; €42.9 billion at the end of 2025).
Key events after the end of the period • No relevant events to report after June 30th, 2026.
5 The BCC Iccrea Group is the largest cooperative banking group in Italy and the 9th largest worldwide in terms of revenue. It is also the only national banking group with entirely Italian capital, the second in terms of number of branches and one of the seven systemically important institutions. The Group, at the top of the system in terms of capital strength, currently comprises 111 cooperative credit banks, operating in over 1,600 Italian municipalities with over 2,400 branches, and other banking, financial and instrumental companies controlled by BCC Banca Iccrea. The Group is affiliated with Tertio Millennio ETS Foundation, a nonprofit organization established in 2002 within the Cooperative Credit system, dedicated to promoting social solidarity activities in Italy and abroad.
www.gruppobcciccrea.it/en
Contacts BCC Iccrea Group:
Name Role Phone Number Email address Raffaella Nani Chief Corporate Communications Officer +39 335 1217721 rnani@iccrea.bcc.it Marco Bellabarba Resp. Media Relations +39 340 8867477 mbellabarba@iccrea.bcc.it Chiara Paciucci Media Relations +39 340 4643230 cpaciucci@iccrea.bcc.it Simone Maggi Resp. Investor Relations +39 366 6739550 smaggi@iccrea.bcc.it Alessia Scaltrito Investor Relations +39 335 7220951 ascaltrito@iccrea.bcc.it
Contacts Barabino & Partners for BCC Iccrea Group:
Name Phone Number Email address Domenico Lofano +39 334 1412995 d.lofano@barabino.it Aurora Gianfelici +39 346 00707 a.gianfelici@barabino.it
The consolidated financial statements as of June 3 0th, 2026, used for the preparation of this document were subjected to a limited audit by the auditing firm Forvis Mazars S.p.A. for the sole purpose of issuing the certificate required by Article 26, paragraph 2 of Regulation (EU) no. 575/2013 of 26 June 2013 (CRR ) and European Central Bank Decision no. 2015/656. This is the certificate required for the application to be submitted to the ECB for the inclusion of the result for the period in common equity tier 1 (CET1).
The manager responsible for preparing the company’s financial reports, Marianna Di Prinzio, declares, pursuant to paragraph 2 of Article 154 -bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the document results, books and accounting records.
Rome, August 12th, 2026 Iccrea Banca S.p.A.
The Manager in charge of preparing the company's financial reports
Marianna Di Prinzio
6 RECLASSIFIED CONSOLIDATED INCOME STATEMENT9
(figures in millions of euros) (€mln) 1H26 1H25 Δ 1H26 vs 1H25 Δ % 1 H26
vs 1H25
Net interest income 2,106 2,013 93 4.6% Net fees and commission income 767 713 53 7.5% Other financial income 131 129 2 1.2% Gross Income 3,004 2,856 148 5.2% Net writedowns / writebacks for credit risk (158) (67) (91) n.s.
Operating expenses (1,637) (1,570) (68) 4.3% Personnel expenses (1,083) (1,049) (34) 3.2% Other administrative expenses (644) (581) (64) 11.0% Net provisions 17 1 16 n.s.
Net adjustments (115) (113) (2) 1.6% Other operating expenses/income 188 172 16 9.4% Operating Result 1,208 1,219 (11) (0.9%) Other non -operating items 111 3 109 n.s.
Taxes (251) (211) (40) 18.7% Net profit (loss) from current operations 1,068 1,010 58 5.7% Profit after tax from discontinued operations - 43 (43) n.s.
Net profit (loss) 1,068 1,053 15 1.4%
9 The items are reclassified compared to the consolidated financial statements envisaged by the Bank of Italy Circular n. 262/2 005.
Net interest income corresponds to the item 30 of the consolidated income statement. Net fees and commission income (expense) correspond to the item 60 of the consolidated income statement. Other financial income includes the items 70 “Dividend and similar income”, 80 “Profit (Loss) on trading”, 90 “Fair value adjustments in hedge accounting”, 100 “Profit (Loss) on dispos al or repurchase of” financial assets and liabilities, 110 “Profit (Loss) on other financial assets and liabilities measured at fair value through profit or loss”. Gross Income corresponds to the item 120 of the consolidated income statement. Net writedowns / writ ebacks for credit risk include the items 130 “Net losses/recoveries for credit risk associated with” financial assets measured at amorti sed cost and at fair value through other comprehensive income, 140 “Profit (Loss) on changes in contracts without dereco gnition”.
Operating expenses correspond to the item 240 of the consolidated income statement. Personnel expenses correspond to the item 190 “Administrative expenses, a) personnel expenses”. Other administrative expenses correspond to the item 190 “Administ rative expenses, b) other administrative expenses”. Net provisions correspond to the item 200 of the consolidated income statement. Net adjustments include the items 210 “Net adjustments to / recoveries on property and equipment”, 220 “Net adjustments to / recoveries on intangible assets”. Other operating expenses/income correspond to the item 230 of the consolidated income statement. The item Other includes the items 250 “Profit (Loss) on investments in associates and companies subject to joint control”, 2 60 “Valuation differences on property, equipment and intangible assets measured at fair value”, 270 “Goodwill impairment”, 280 “Profit (Loss) on disposal of investments”. The item Taxes corresponds to the item 300 of the consolidated i ncome statement. Prof it (loss) after tax from continuing operations corresponds to the item 310 of the consolidated income statement.
Profit after tax from discontinued operations corresponds to the item 320 of the consolidated income statement. Net profit (l oss) corresponds t o the item 330 of the consolidated income statement.
7 CONSOLIDATED INCOME STATEMENT – QUARTERLY RESULTS
(figures in millions of euros)
(€mln)
1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Δ 2Q26
vs 1Q26 Δ%
2Q26
vs 1Q26
Net interest income 1,026 987 977 1,002 1,002 1,104 101 10.1% Net fees and commission income 352 362 354 388 374 392 18 4.7% Other financial income 52 77 42 (22) 32 99 67 n.s.
Gross Income 1,430 1,426 1,373 1,368 1,409 1,594 186 13.2% Net writedowns / writebacks for credit risk (4) (63) (37) (131) (56) (102) (46) 82.5% Operating expenses (769) (800) (737) (798) (790) (847) (56) 7.1% Personnel expenses (536) (513) (461) (557) (545) (538) 7 (1.3%) Other administrative expenses (267) (314) (302) (353) (294) (350) (56) 18.9% Net provisions 7 (6) (4) 59 17 0 (16) n.s.
Net adjustments (54) (59) (58) (69) (56) (58) (2) 2.7%
Other operating
expenses/income 81 91 88 122 89 99 10 11.1% Operating Result 657 563 599 438 562 646 83 14.8% Other non -operating items 3 (0) 2 (1) 14 97 83 n.s.
Taxes (112) (100) (104) (56) (122) (129) (7) 5.3% Net profit (loss) from current operations 548 463 497 382 454 614 160 35.2% Profit after tax from discontinued operations 43 0 - - - - - n.s.
Net profit (loss) 590 463 497 382 454 614 160 35.2%
8 RECLASSIFIED CONSOLIDATED BALANCE SHEET
(figures in millions of euros)
Assets10 30.06.26 31.12.25 Δ 30.06.26 vs 31.12.25 Δ % 30.06.26 vs
31.12.25
Financial Assets 59,664 57,474 2,190 3.8% Net loans to customers 100,890 97,902 2,988 3.1% Net loans to banks 3,364 3,431 (67) (2.0%) Other assets 8,169 8,840 (671) (7.6%) Total Assets 172,087 167,647 4,439 2.6%
Liabilities and Equity11 30.06.26 31.12.25 Δ 30.06.26 vs 31.12.25 Δ % 30.06.26 vs
31.12.25
Financial liabilities to customers 128,689 127,934 755 0.6% Securities issued 15,613 15,274 338 2.2% Financial liabilities to banks 2,629 2,437 192 7.9% Other liabilities 6,658 4,334 2,324 53.6% Group shareholders' equity 18,498 17,668 829 4.7% Total liabilities and shareholders' equity 172,087 167,647 4,439 2.6%
10 The items are reclassified compared to the consolidated financial statements envisaged by the Bank of Italy Circular n. 262/2 005.
Financial Assets include the item 20 “Financial assets measured at fair value through profit or loss”, the item 30 “Financial assets measured at fair value through other comprehensive income”, “Debt securities” in the item 40 “Financial assets measured at amortised cost”. Net loans to customers include “Loans” in the item 40 “Financial assets measured at amortised cost, b) loans to customers”. Net loans to banks include “Loans” in the item 40 “Financial assets measured at amortised cost, a) loans to banks ” and item 10 Cash and cash equivalents. Other assets include the items 50 “Hedging derivatives”, 60 “Fair value change of finan cial assets in hedged portfolios”, 70 “Equity investments”, 90 “Property, plant and equipment”, 100 “intangible assets”, 110 “Tax assets” , 120 “Non -current assets and disposal groups classified as held for sale”, 130 “Other assets”.
11 The items are reclassified compared to the consolidated financial statements envisaged by the Bank of Italy Circular n. 262/2 005.
Financial liabilities to customers correspond to the item 10 “Financial liabilities measured at amortised cost, b) due to cus tomers”.
Securities issued correspond to the item 10 “Financial liabilities measured at amortised cost, c) debt securities issued”. Fi nancial liabilities to banks correspond to the item “Financial liabilities measured at amortised cost, a) due to banks”. Ot her liabilities include the items 20 “Financial liabilities held for trading”, 30 “Financial liabilities designated at fair value”, 40 “Hedging deriv atives”, 50 “Fair value change of financial liabilities in hedged portfolios”, 60 “Tax liabilities”, 70 “Li abilities associated with non -current assets held for sale and discontinued operations”, 80 “Other liabilities”, 90 “Employee termination indemnities”, 100 “Allowances for ris ks and charges”. Group shareholders' equity includes the items 120 “Valuation res erves”, 140 “Equity instruments”, 150 “Reserves”, 160 “Share premium reserve”, 170 “Share capital”, 180 “Treasury shares”, 200 “Net income (loss)”.
9 CONSOLIDATED BALANCE SHEET – QUARTERLY RESULTS
(figures in millions of euros)
Assets12
31.03.25 30.06.25 30.09.25 31.12.25 31.03.26 30.06.26 Δ 30.06.26 vs 30.06.25 Δ
%30.06.26
vs 30.06.25
Financial Assets 56,403 56,549 57,350 57,474 58,952 59,664 3,115 5.5% Net loans to customers 93,383 96,996 97,589 97,902 98,332 100,890 3,894 4.0% Net loans to banks 4,910 3,422 3,130 3,431 2,128 3,364 (58) (1.7%) Other assets 8,842 8,758 8,773 8,840 8,508 8,169 (589) (6.7%) Total Assets 163,538 165,725 166,841 167,647 167,920 172,087 6,361 3.8%
Liabilities and
shareholders'
equity13 31.03.25 30.06.25 30.09.25 31.12.25 31.03.26 30.06.26 Δ 30.06.26 vs 30.06.25 Δ %
30.06.26 vs
30.06.25
Financial
liabilities to
customers 123,449 124,833 125,905 127,934 126,197 128,689 3,856 3.1%
Securities
issued 14,362 15,092 15,385 15,274 15,520 15,613 521 3.5%
Financial
liabilities to
banks 3,542 2,590 2,145 2,437 2,535 2,629 39 1.5% Other liabilities 5,888 6,417 6,132 4,334 5,836 6,658 241 3.8%
Group
shareholders'
equity 16,297 16,793 17,274 17,668 17,832 18,498 1,705 10.2%
Total liabilities
and
shareholders'
equity 163,538 165,725 166,841 167,647 167,920 172,087 6,361 3.8%
12 The items are reclassified compared to the consolidated financial statements envisaged by the Bank of Italy Circular n. 262/2 005.
Financial Assets include the item 20 “Financial assets measured at fair value through profit or loss”, the item 30 “Financial assets measured at fair value through other comprehensive income”, “Debt securities” in the item 40 “Financial assets measured at amortised cost”. Net loans to customers include “Loans” in the item 40 “Financial assets measured at amortised cost, b) loans to customers”. Net loans to banks include “Loans” in the item 40 “Financial assets measured at amortised cost, a) loans to banks ” and item 10 Cash and cash equivalents. Other assets include the items 50 “Hedging derivatives”, 60 “Fair value change of fina ncial assets in hedged portfolios”, 70 “Equity investments”, 90 “Property, plant and equipment”, 100 “intangible assets”, 110 “Tax assets” , 120 “Non -current assets and disposal groups classified as held for sale”, 130 “Other assets”.
13 The items are reclassified compared to the consolidated financial statements envisaged by the Bank of Italy Circular n. 262/2 005.
Financial liabilities to customers correspond to the item 10 “Financial liabilities measured at amortised cost, b) due to cus tomers”.
Securities issued correspond to the item 10 “Financial liabilities measured at amortised cost, c) debt securities issued”. Fi nancial liabilities to banks correspond to the item “Financial liabilities measured at amortised cost, a) due to banks”. O ther liabilities include the items 20 “Financial liabilities held for trading”, 30 “Financial liabilities designated at fair value”, 40 “Hedging deriv atives”, 50 “Fair value change of financial liabilities in hedged portfolios”, 60 “Tax liabilities”, 70 “L iabilities associated with non -current assets held for sale and discontinued operations”, 80 “Other liabilities”, 90 “Employee termination indemnities”, 100 “Allowances for ris ks and charges”. Group shareholders' equity includes the items 120 “Valuation re serves”, 140 “Equity instruments”, 150 “Reserves”, 160 “Share premium reserve”, 170 “Share capital”, 180 “Treasury shares”, 200 “Net income (loss)”.
10 ASSET QUALITY14
(figures in millions of euros and %) 30.06.26 31.12.25 30.06.25 Δ 30.06.26 vs 31.12.25 Δ %
30.06.26
vs 31.12.25
Past Due 239 257 321 (17) (6.8%)
UTP 1,455 1,529 1,720 (74) (4.9%)
Bad Loans 808 755 886 53 7.0% Gross Non -Performing Loans 2,502 2,541 2,927 (39) (1.5%) Performing Loans - Stage 1 93,078 90,095 83,726 2,983 3.3% Performing Loans - Stage 2 7,835 7,819 7,975 16 0.2% Total Gross Loans to customers 103,415 100,454 94,628 2,961 2.9% Gross NPL Ratio 2.4% 2.5% 3.1% (0.1%) (4.3%) Writedowns 1,893 1,925 2,174 (33) (1.7%) Coverage Ratio NPL 75.6% 75.8% 74.3% (0.1%) (0.2%) Coverage Ratio Past Due 49.5% 48.4% 47.5% 1.1% 2.4% Coverage Ratio UTP 72.2% 73.0% 72.2% (0.8%) (1.2%) Coverage Ratio Bad Loans 89.6% 90.7% 87.9% (1.1%) (1.2%) Coverage Ratio Performing Loans 0.6% 0.6% 0.7% (0.0%) (2.1%) Coverage Ratio Performing - Stage 1 0.2% 0.3% 0.3% (0.0%) (12.3%) Coverage Ratio Performing - Stage 2 5.3% 4.9% 5.2% 0.3% 7.1% Net Non -Performing Loans 610 616 753 (6) (0.9%) Net NPL Ratio 0.6% 0.6% 0.8% (0.0%) (4.5%)
CAPITAL RATIOS
(figures in millions of euros and %) 30.06.26 31.12.25 30.06.25 Δ vs 31.12.25
RWA 68,172 66,437 65,268 1,734
CET1 18,170 17,242 16,458 928
Total Capital 18,487 17,566 16,787 921 CET1 ratio 26.7% 26.0% 25.2% 0.7% TC ratio 27.1% 26.4% 25.7% 0.7%
14 Total gross loans to customers include , among Performing Loans - Stage 1 , operations (mainly repurchase agreements) with institutional counterparties amounting to approximately €4.4 billion (approximately €3.2 billion at the end of 2025; approxim ately €5.2 billion at the end of June 2025).
Fine Comunicato n.30041-26-2026 Numero di Pagine: 12