MPS values Banco BPM at EUR 16.92. Banco BPM stock falls 1.05 percent

Published on 10/07/2026 at 10:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net profit was EUR 1.06 billion, down 15.40 percent year over year. Banco BPM stock costs EUR 15.12 on October 7, 2026 versus EUR 15.28.

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Banco BPM (ISIN IT0005218380) was valued at EUR 16.92 per share in a September 28, 2026 report on MPS's proposed exchange offer, while Banco BPM stock was trading at EUR 15.12 at Lang & Schwarz on October 7, 2026, down 1.05 percent versus the prior close of EUR 15.28. The valuation reference sits EUR 1.80 above the live euro quote, a difference of 11.91 percent measured against the quote.

MPS offer sets EUR 16.92 value

According to eMarket Storage in its report dated September 28, 2026, MPS's voluntary public exchange offer covers up to 1,515,182,126 Banco BPM shares, representing the bank's entire share capital. The proposed consideration is 1.567 newly issued MPS shares for each Banco BPM share, with a maximum offer value of EUR 25.35 billion.

The same report states that MPS shareholders will vote on the offer on October 29, 2026. The transaction remains subject to approval and other offer conditions, so the stated EUR 16.92 value is a transaction reference rather than a completed cash bid.

Profit falls as fees gain weight

The report's first-half 2026 figures show net profit of EUR 1.06 billion, down 15.40 percent from the pro forma first-half 2025 figure of EUR 1.25 billion. Operating profit moved in the opposite direction, rising 3.90 percent to EUR 1.83 billion, while core revenue declined 0.70 percent to EUR 3.10 billion.

Net fee and commission income increased 2.80 percent to EUR 1.42 billion in the first half of 2026, lifting its share of core income to 45.90 percent from 44.30 percent. The comparison points to a stronger fee contribution, but the lower net profit keeps interest income and one-time effects central to the investment case.

Stock stays below offer value

Banco BPM stock was trading at EUR 15.12 at Lang & Schwarz on October 7, 2026 at 10:30 a.m. CEST, down 1.05 percent versus the Lang & Schwarz prior close of EUR 15.28 on October 6, 2026. The quote was 10.65 percent below the EUR 16.92 per-share valuation cited in the MPS report. The further course of trading is shown by the continuously updated real-time quote of Banco BPM stock.