Commerzbank posts better-than-expected Q1 profit

(Sharecast News) - Commerzbank posted its highest profits in 14 years during the first quarter, helped by quick growth on its top-line and a decline in credit provisions. The lender's net profits grew by 12% over the first three months of 2025, reaching approximately €840m (consensus: €720m) on the back of a similar jump in its top-line to reach €3.07bn (consensus: €2.97bn).

Net interest income also exceeded the consensus, coming in at €2.07bn.

That was down from the €2.13bn achieved over the same quarter one year before, but ahead of the €2.02bn that analysts had pencilled-in.

Loan loss provisions meanwhile undershot analysts' estimates, printing at €123m (consensus: €162m).

Commerzbank's CET 1 ration improved by two tenths of a percentage point to 15.1% (consensus: 15.0%).

Management raised its CET1 target for 2025 to 14.5% from a prior goal of "more than 14%".

As of 0747 GMT, shares of Commerzbank were advancing by 0.53% to €24.43.