Commerzbank AG, the second largest bank in Germany, reduced net profit by 7.9% in the third quarter of 2025, moreover, the figure was worse than analysts’ expectations.
According to a press release from Commerzbank, net profit in July-September was 591 million euros against 642 million euros in the comparable period last year.
Analysts, whose consensus forecast is provided by the bank itself, had estimated net income at €659 million.
Net interest income fell slightly to €2.04bn compared to €2.05bn in the third quarter of 2024. Net fee and commission income was up 6.5 per cent to €985m.
Operating profit for the third quarter rose 18.1% to €1.05bn.
Revenue increased by 7.4% to €2.94bn.
The bank’s core capital adequacy ratio (CET 1) stood at 14.7% at the end of September, up from 14.8% a year earlier.
Commerzbank also said it is preparing to launch a share buyback programme of up to EUR600m in addition to the buyback of up to EUR1bn launched in September.
The bank reaffirmed its full-year net profit forecast of €2.5bn and improved its estimate for net interest income to around €8.2bn (previously €8bn).
Commerzbank shares are cheaper by 1.8 per cent in Frankfurt trading on Thursday. Since the beginning of this year, the bank’s capitalisation has more than doubled to €36.7bn, while Germany’s DAX index has added 20.5% over the period.