Cash flow UniCredit S.p.A.

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UCG

IT0005239360

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Market Closed - Borsa Italiana Other stock markets 19:45:00 16/06/2026 +04			5-day change	1st Jan Change
77.68 ^EUR	0.00%		+8.46%	+9.53%

08:04am	Italy - Factors to watch on June 17	RE
06-16	UniCredit S.p.A. cancelled the acquisition of remaining 73.98% stake in Commerzbank AG.	CI

4793e5736c4537fd.D4vnyiXoArzKehg1u4c9o0PqRnxDR0OzTc7jMup8T5c.f822iRKFaNuBHDVwy_ENkBePflEhFi7dfaWmZrk3G8JA6da9VYlO-YAydw

Published financial data: UNICREDIT S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest Income On Loans	12.7B	16.34B	33.92B	34.84B	26.94B
Interest Income On Investments	351M	437M	305M	468M	673M
Interest Income, Total	13.05B	16.78B	34.22B	35.31B	27.61B
Interest On Deposits	3.61B	5.72B	19.57B	20.17B	12.81B
Interest Expense, Total	3.61B	5.72B	19.57B	20.17B	12.81B
Net Interest Income	9.44B	11.06B	14.65B	15.14B	14.8B
Income From Trading Activities	1.47B	859M	2.26B	2.89B	2.26B
Gain (Loss) on Sale of Loans	53M	133M	199M	-62M	108M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-1.8B	996M	112M	261M	3B
Total Other Non Interest Income	6.75B	7.05B	6.39B	6.52B	5.38B
Non Interest Income, Total	6.48B	9.04B	8.96B	9.6B	10.75B
Revenues Before Provison For Loan Losses	15.92B	20.1B	23.62B	24.74B	25.55B
Provision For Loan Losses	2.17B	2.03B	661M	750M	499M
Total Revenues	13.75B	18.07B	22.96B	23.99B	25.05B
Salaries And Other Employee Benefits	5.95B	5.91B	5.9B	5.89B	5.8B
Amort. of Goodwill & Intang. Assets	485M	514M	429M	493M	557M
Occupancy Expense	777M	759M	683M	673M	609M
Selling General & Admin Expenses, Total	3.69B	3.52B	3.4B	2.98B	2.86B
Total Other Non Interest Expense	-61M	-122M	-426M	-489M	104M
Non Interest Expense, Total	10.84B	10.58B	10B	9.56B	9.93B
EBT, Excl. Unusual Items	2.91B	7.49B	12.96B	14.44B	15.12B
Restructuring Charges	-1.34B	-324M	-1.06B	-841M	-1.19B
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	-108M	-42M	-448M	-128M	-3M
Legal Settlements	-281M	-24M	-70M	-615M	-391M
Other Unusual Items	50M	191M	66M	5M	33M
EBT, Incl. Unusual Items	1.24B	7.29B	11.45B	12.86B	13.57B
Income Tax Expense	-331M	819M	1.92B	3.09B	2.59B
Earnings From Continuing Operations	1.57B	6.47B	9.53B	9.77B	10.98B
Earnings Of Discontinued Operations	4M	3M	-	-	-
Net Income to Company	1.57B	6.47B	9.53B	9.77B	10.98B
Minority Interest	-30M	-15M	-27M	-55M	-64M
Net Income - (IS)	1.54B	6.46B	9.51B	9.72B	10.92B
Preferred Dividend and Other Adjustments	30M	74M	175M	247M	206M
Net Income to Common Incl Extra Items	1.51B	6.38B	9.33B	9.47B	10.71B
Net Income to Common Excl. Extra Items	1.51B	6.38B	9.33B	9.47B	10.71B
Per Share Items
Net EPS - Basic	0.68	3.08	5.11	5.84	6.97
Basic EPS - Continuing Operations	0.68	3.08	5.11	5.84	6.97
Basic Weighted Average Shares Outstanding	2.22B	2.07B	1.83B	1.62B	1.54B
Net EPS - Diluted	0.67	3.06	5.04	5.78	6.91
Diluted EPS - Continuing Operations	0.67	3.05	5.04	5.78	6.91
Diluted Weighted Average Shares Outstanding	2.24B	2.09B	1.85B	1.64B	1.55B
Normalized Basic EPS	0.81	2.25	4.42	5.53	6.11
Normalized Diluted EPS	0.8	2.23	4.36	5.47	6.06
Dividend Per Share	0.54	0.99	1.8	2.4	3.15
Payout Ratio	50.26	26.35	25.67	50.93	45.87
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
Effective Tax Rate - (Ratio)	-26.8	11.24	16.74	24	19.09
Total Current Taxes	-355M	1.08B	1.02B	1.71B	2.84B
Total Deferred Taxes	24M	-260M	894M	1.37B	-246M
Normalized Net Income	1.79B	4.66B	8.07B	8.97B	9.38B
Non-Cash Pension Expense	12M	52M	117M	109M	110M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	69M	57M	76M	73M	102M
Total Stock-Based Compensation	69M	57M	76M	73M	102M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	108B	112B	61.11B	41.55B	38.46B
Investment Securities, Total	137B	122B	136B	156B	207B
Trading Asset Securities, Total	86.6B	62.7B	56.76B	56.1B	61.45B
Total investments	223B	185B	193B	212B	269B
Gross Loans	502B	518B	497B	496B	520B
Allowance For Loan Losses	-13.16B	-11.89B	-10.35B	-9.27B	-8.74B
Other Adjustments to Gross Loans	-	-	-	-	-
Net Loans	489B	506B	487B	486B	511B
Gross Property Plant And Equipment	15.48B	15.79B	15.38B	15.06B	15.3B
Accumulated Depreciation	-7.6B	-8.01B	-8.15B	-8.07B	-8.34B
Net Property Plant And Equipment	7.88B	7.78B	7.22B	6.99B	6.96B
Goodwill	0	0	-	38M	843M
Other Intangibles, Total	2.21B	2.35B	2.27B	2.19B	2.1B
Investment in Real Estate	986M	885M	864M	1.36B	1.47B
Accrued Interest Receivable	722M	833M	848M	1.02B	1.1B
Other Receivables	4.02B	5.02B	7.92B	8.91B	9.27B
Restricted Cash	50.95B	19.42B	7.81B	8.29B	10.18B
Other Current Assets, Total	14.41B	1.33B	487M	535M	640M
Deferred Tax Assets Long-Term (Collected)	11.6B	11.85B	10.75B	9.59B	8.67B
Other Real Estate Owned And Foreclosed	44M	499M	540M	443M	384M
Other Long-Term Assets, Total	4.19B	5.01B	5.18B	4.47B	10.8B
Total Assets	917B	858B	785B	784B	870B
Liabilities
Accounts Payable, Total	1.05B	1.28B	990M	915M	976M
Accrued Expenses, Total	6.65B	5.44B	5.95B	6.28B	6.41B
Interest Bearing Deposits	176B	176B	128B	120B	130B
Non-Interest Bearing Deposits	431B	414B	381B	379B	397B
Total Deposits	607B	590B	509B	498B	527B
Short-Term Borrowings	80.56B	54.36B	55.6B	69.53B	77.28B
Current Portion of Leases	378M	353M	360M	326M	385M
Long-Term Debt	124B	114B	121B	121B	129B
Long-Term Leases	1.68B	1.5B	1.34B	1.16B	873M
Current Income Taxes Payable	627M	1.14B	1.19B	1.46B	2.2B
Accrued Interest Payable	73M	209M	228M	231M	206M
Other Current Liabilities - (Bank / Utility Template)	17.34B	12.69B	11.82B	7.6B	7.17B
Pension & Other Post Retirement Benefits	5.25B	3.33B	3.42B	3.49B	2.99B
Deferred Tax Liability Non-Current	588M	540M	292M	252M	626M
Other Non Current Liabilities	10.04B	9.75B	9.39B	10.57B	47.37B
Total Liabilities	855B	794B	721B	721B	802B
Common Stock, Total	21.13B	21.22B	21.28B	21.37B	21.45B
Additional Paid In Capital	5.45B	2.52B	23M	23M	23M
Retained Earnings	24.45B	30.18B	34.97B	35.08B	38.18B
Treasury Stock	-200M	-	-1.73B	-	-2.93B
Comprehensive Income and Other	10.8B	9.42B	9.53B	5.98B	10.98B
Total Common Equity	61.63B	63.34B	64.08B	62.44B	67.71B
Minority Interest	465M	158M	164M	400M	398M
Total Equity	62.09B	63.5B	64.24B	62.84B	68.11B
Total Liabilities And Equity	917B	858B	785B	784B	870B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.21B	1.94B	1.71B	1.54B	1.5B
ECS Total Common Shares Outstanding	2.21B	1.94B	1.71B	1.54B	1.5B
Book Value / Share	27.87	32.73	37.42	40.5	45.05
Tangible Book Value	59.42B	60.99B	61.81B	60.21B	64.77B
Tangible Book Value Per Share	26.87	31.51	36.09	39.05	43.09
Total Debt	206B	170B	178B	192B	207B
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.71B	2.93B	3.06B	3.17B	2.72B
Net Debt	-32.92B	-49.94B	11B	41.59B	57.69B
Equity Method Investments, Total	4.07B	3.45B	3.92B	4.29B	13.88B
Full Time Employees	78.57K	75.04K	70.75K	65.39K	62.81K
Part Time Employees	-	-	-	9.88K	9.3K
Number Of Offices	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.54B	6.46B	9.51B	9.72B	10.92B
Depreciation, Depletion & Amortization	748M	722M	559M	675M	551M
Amortization of Goodwill and Intangible Assets - (CF)	1M	2M	2M	6M	18M
Total Depreciation, Depletion & Amortization	749M	724M	561M	681M	569M
Amortization of Deferred Charges, Total	497M	500M	427M	537M	544M
(Gain) Loss On Sale of Asset - (CF)	-	-	157M	-	1M
(Gain) Loss on Sale of Investments - (CF)	-2.87B	-4.89B	907M	2.97B	581M
Total Asset Writedown	171M	79M	363M	88M	166M
Restructuring Activities	80M	-	117M	-	-
Provision for Credit Losses	4.25B	4.67B	3.15B	2.9B	2.73B
Change in Trading Asset Securities	3.95B	37.42B	-13.36B	-16.9B	-2.18B
Change in Other Net Operating Assets (Collected)	-18.89B	-35.94B	-45.94B	-11.27B	-7.51B
Other Operating Activities	3B	1.24B	2.98B	4.21B	2.71B
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	-7.52B	10.26B	-41.13B	-7.08B	8.52B
Capital Expenditure	-522M	-517M	-589M	-1.25B	-719M
Sale of Property, Plant, and Equipment	392M	393M	272M	282M	330M
Cash Acquisitions	-99M	-	-	220M	-499M
Divestitures	29M	24M	3M	-	26M
Purchase / Sale of Intangible Assets	-715M	-653M	-561M	-488M	-545M
Investment in Marketable and Equity Securities, Total	66M	380M	-18M	4M	-2.88B
Other Investing Activities, Total	150M	136M	106M	167M	273M
Cash from Investing	-699M	-237M	-787M	-1.06B	-4.02B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-634M	-3.54B	-6.01B	-6.04B	-2.95B
Common Dividends Paid	-774M	-1.7B	-2.44B	-4.95B	-5.01B
Common & Preferred Stock Dividends Paid	-774M	-1.7B	-2.44B	-4.95B	-5.01B
Net Increase (Decrease) in Deposit Accounts - (CF)	-	-	-	-	-
Other Financing Activities, Total	-	-306M	-	-	-2M
Cash from Financing	-1.41B	-5.55B	-8.45B	-10.99B	-7.96B
Foreign Exchange Rate Adjustments	32M	-107M	-408M	-427M	464M
Net Change in Cash	-9.6B	4.37B	-50.78B	-19.56B	-2.99B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.17	0.73	1.16	1.25	1.33
Return On Equity %	2.57	10.26	14.93	15.38	16.77
Return on Common Equity	2.49	10.17	14.65	14.97	16.46
Shareholders Value Added	-4.89B	-869M	2.53B	2.66B	3.87B
Margin Analysis
SG&A Margin	75.75	56.39	43.52	39.81	37.01
Net Interest Income / Total Revenues %	68.67	61.22	63.83	63.09	59.09
EBT Excl. Non-Recurring Items Margin %	21.16	41.44	56.46	60.18	60.35
Income From Continuing Operations Margin %	11.39	35.81	41.53	40.74	43.83
Net Income Margin %	11.2	35.74	41.41	40.51	43.58
Net Avail. For Common Margin %	10.95	35.31	40.65	39.48	42.75
Normalized Net Income Margin	13.01	25.82	35.17	37.38	37.46
Asset quality
Nonperforming Loans / Total Loans %	3.24	2.42	2.35	2.25	2.33
Nonperforming Loans / Total Assets %	1.77	1.46	1.49	1.42	1.39
Nonperforming Assets / Total Assets %	1.78	1.52	1.56	1.48	1.43
NPAs / Loans and OREO	3.25	2.52	2.46	2.34	2.4
NPAs / Equity	26.27	20.55	19.04	18.46	18.31
Allowance for Credit Losses / Nonperforming Loans %	80.93	94.72	88.52	83.07	72.33
Allowance for Credit Losses / Total Loans %	2.62	2.3	2.08	1.87	1.68
Capital And Funding
Total Average Common Equity / Total Average Assets %	6.55	7.07	7.76	8.06	7.87
Total Average Equity / Total Average Assets %	6.6	7.11	7.78	8.1	7.92
Total Equity + Allowance for Loan Losses / Total Loans %	14.9	14.53	14.97	14.47	14.71
Gross Loans / Total Deposits %	82.78	87.76	97.62	99.47	98.6
Net Loans / Total Deposits %	80.61	85.74	95.58	97.61	96.94
Tier 1 Capital Ratio %	17.94	18.65	17.84	17.75	16.42
Total Capital Ratio %	20.14	21.42	20.9	20.41	19
Core Tier 1 Capital Ratio	15.82	16.68	16.14	15.96	14.75
Tier 2 Capital Ratio	2.2	2.77	3.06	2.66	2.58
Coverage Ratio	80.93	94.72	88.52	83.07	72.33
Interbank Ratio	59.47	77.64	80.16	81.14	113.49
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.34	2.28	1.59	1.64	2.06
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-2.71	17.15	32.47	3.32	-2.24
Non Interest Income, 1 Yr. Growth %	4.69	39.6	-0.82	7.14	11.89
Provision For Loan Losses, 1 Yr. Growth %	-53.3	24.6	-67.45	13.46	-33.47
Total Revenues, 1 Yr. Growth %	22.22	26.47	27.05	4.52	4.39
Earnings From Cont. Operations, 1 Yr. Growth %	-155.39	204.9	47.36	2.52	12.33
Net Income, 1 Yr. Growth %	-155.3	208.11	47.21	2.23	12.31
Normalized Net Income, 1 Yr. Growth %	-12.99K	119.14	70.32	12.86	4.96
Diluted EPS Before Extra, 1 Yr. Growth %	-150.71	231.22	65.16	14.59	19.6
Dividend Per Share, 1 Yr. Growth %	348.33	83.49	82.63	33.26	31.09
Gross Loans, 1 Yr. Growth %	2.17	0.69	-4	-0.34	4.85
Allowance For Loan Losses, 1 Yr. Growth %	-21.76	-14.79	-12.91	-10.45	-5.71
Net Loans, 1 Yr. Growth %	3.02	1.12	-3.79	-0.12	5.06
Non Performing Loans, 1 Yr. Growth %	-23.43	-27.47	-6.82	-4.58	8.3
Non Performing Assets, 1 Yr. Growth %	-25.42	-26.9	-8.43	-5.17	7.47
Total Assets, 1 Yr. Growth %	-1.59	-6.48	-8.49	-0.12	11
Total Deposits, 1 Yr Growth %	3.9	-2.89	-13.75	-2.2	5.79
Tangible Book Value, 1 Yr. Growth %	3.53	1.73	1.35	-2.58	7.57
Common Equity, 1 Yr. Growth %	3.56	1.86	1.17	-2.56	8.44
Total Equity, 1 Yr. Growth %	3.59	1.35	1.17	-2.18	8.38
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	-5.47	6.76	24.58	16.99	0.5
Non Interest Income, 2 Yr. CAGR %	-10.03	20.89	17.67	3.08	9.49
Provision For Loan Losses, 2 Yr. CAGR %	-21.07	-33.84	-36.32	-39.23	-13.11
Total Revenues, 2 Yr. CAGR %	-4.54	26.73	26.76	15.23	4.45
Earnings From Cont. Operations, 2 Yr. CAGR %	-14.83	51.28	111.97	22.91	7.31
Net Income, 2 Yr. CAGR %	-32.43	52.28	112.97	22.68	7.15
Normalized Net Income, 2 Yr. CAGR %	-10.82	1.73K	94.76	37.55	8.66
Diluted EPS Before Extra, 2 Yr. CAGR %	-11.4	51.69	133.89	37.57	17.07
Dividend Per Share, 2 Yr. CAGR %	-	186.82	83.06	56	32.15
Gross Loans, 2 Yr. CAGR %	-0.37	2.65	-1.68	-2.19	2.22
Allowance For Loan Losses, 2 Yr. CAGR %	-16.81	-15.95	-13.86	-11.69	-8.11
Net Loans, 2 Yr. CAGR %	0.21	3.25	-1.36	-1.98	2.43
Non Performing Loans, 2 Yr. CAGR %	-19.8	-23.15	-17.79	-5.7	1.66
Non Performing Assets, 2 Yr. CAGR %	-21.29	-22.76	-17.21	-6.81	0.96
Total Assets, 2 Yr. CAGR %	3.5	-4.04	-7.49	-4.4	5.29
Total Deposits, 2 Yr CAGR %	9.48	0.54	-8.44	-8.15	1.72
Tangible Book Value, 2 Yr. CAGR %	0.68	3.09	1.54	-0.64	2.37
Common Equity, 2 Yr. CAGR %	0.17	3.17	1.51	-0.71	2.79
Total Equity, 2 Yr. CAGR %	0.25	2.92	1.26	-0.52	2.96
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	-5.43	1.53	14.72	17.04	10.19
Non Interest Income, 3 Yr. CAGR %	-5.15	4.15	13.17	14.05	5.94
Provision For Loan Losses, 3 Yr. CAGR %	-6.55	-16.42	-47.77	-22.8	-37.37
Total Revenues, 3 Yr. CAGR %	-5.12	6.19	26.84	18.86	11.5
Earnings From Cont. Operations, 3 Yr. CAGR %	-28.1	44.17	49.96	66.38	19.28
Net Income, 3 Yr. CAGR %	-27.89	24.17	50.57	66.75	19.12
Normalized Net Income, 3 Yr. CAGR %	-12.13	27.53	734.88	61.51	25.56
Diluted EPS Before Extra, 3 Yr. CAGR %	-27.19	52.72	56.05	84.38	31.3
Dividend Per Share, 3 Yr. CAGR %	25.84	-	146.75	64.67	47.2
Gross Loans, 3 Yr. CAGR %	-0.7	0.78	0.39	-1.23	0.1
Allowance For Loan Losses, 3 Yr. CAGR %	-20.15	-14.51	-14.95	-12.74	-9.74
Net Loans, 3 Yr. CAGR %	0.14	1.29	0.85	-0.95	0.31
Non Performing Loans, 3 Yr. CAGR %	-24.74	-20.84	-18.05	-13.6	-1.25
Non Performing Assets, 3 Yr. CAGR %	-25.1	-20.86	-17.61	-13.38	-2.27
Total Assets, 3 Yr. CAGR %	3.28	0.08	-5.54	-5.1	0.48
Total Deposits, 3 Yr CAGR %	6.41	5.26	-4.44	-6.41	-3.72
Tangible Book Value, 3 Yr. CAGR %	3.96	1.33	2.5	0.14	2.03
Common Equity, 3 Yr. CAGR %	3.01	1.03	2.5	0.14	2.25
Total Equity, 3 Yr. CAGR %	2.68	0.92	2.34	0.1	2.36
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	-2.49	0.83	5.59	7.46	8.81
Non Interest Income, 5 Yr. CAGR %	-1.75	2.76	3.39	3.72	11.68
Provision For Loan Losses, 5 Yr. CAGR %	-28.9	-0.58	-24.28	-26.42	-35.98
Total Revenues, 5 Yr. CAGR %	18.61	1.94	7.36	9.72	17.36
Earnings From Cont. Operations, 5 Yr. CAGR %	-33.41	15.82	17.74	35.26	31.17
Net Income, 5 Yr. CAGR %	-33.44	3.36	18.28	23.57	31.41
Normalized Net Income, 5 Yr. CAGR %	-20.36	16.43	25.09	31.87	268.16
Diluted EPS Before Extra, 5 Yr. CAGR %	-49.68	16.73	23.66	46.47	39.1
Dividend Per Share, 5 Yr. CAGR %	-	25.27	46.19	-	92.22
Gross Loans, 5 Yr. CAGR %	0.86	1.77	-0.61	-0.41	1.12
Allowance For Loan Losses, 5 Yr. CAGR %	-17.06	-16.48	-16.73	-13.4	-12.28
Net Loans, 5 Yr. CAGR %	1.93	2.75	0	-0.02	1.48
Non Performing Loans, 5 Yr. CAGR %	-22	-23.64	-21.07	-15.1	-10.67
Non Performing Assets, 5 Yr. CAGR %	-21.96	-23.05	-20.63	-15.12	-10.63
Total Assets, 5 Yr. CAGR %	1.3	0.5	-1.16	-1.73	-1.35
Total Deposits, 5 Yr CAGR %	6.49	4.16	0.23	-0.31	-2.03
Tangible Book Value, 5 Yr. CAGR %	10.45	1.74	3.17	0.54	2.45
Common Equity, 5 Yr. CAGR %	9.4	1.32	2.59	0.33	2.62
Total Equity, 5 Yr. CAGR %	7.53	1.06	2.3	0.34	2.59