UniCredit S.p.A. (UNCRY) Q2 2026 Earnings Call Transcript

SA Transcripts 161.18K Followers Follow 5 Share Save Comments UniCredit S.p.A. ( UNCRY ) Q2 2026 Earnings Call July 23, 2026 4:00 AM EDT Company Participants Iacopo Dalu Andrea Orcel - Group CEO, Head of Italy Region & Director Stefano Porro - Head of Group Finance Conference Call Participants Andrea Filtri - Mediobanca - Banca di credito finanziario S.p.A., Research Division Noemi Peruch - Morgan Stanley, Research Division Antonio Reale - BofA Securities, Research Division Delphine Lee - JPMorgan Chase & Co, Research Division Ignacio Ulargui - BNP Paribas, Research Division Britta Schmidt - Bernstein Autonomous LLP Andrew Coombs - Citigroup Inc., Research Division Giovanni Razzoli - Deutsche Bank AG, Research Division Presentation Operator Good morning, ladies and gentlemen. Before I hand you over to Mr. Iacopo Dalu, Investor Relations. A reminder that today is being recorded. The conference is being recorded. I apologize. Sir, you may begin. Iacopo Dalu Good morning, and welcome to UniCredit's Second Quarter 2026 Results. Our CEO, Andrea Orcel, will take you through the presentation. This will be followed by an analyst Q&A session with Andrea and with our CFO, Stefano Porro. As ever, please limit yourself to 2 questions. With that, I'll hand over to Andre. Andrea Orcel Group CEO, Head of Italy Region & Director Good morning, and thank you all for joining us. Following an outstanding first quarter, I am pleased to present another record performance propelled by our core contributing to the strongest first half in UniCredit history. These results demonstrate the strength of our business, the magnitude of our profitable organic growth and the impact of our continued transformation. Unlocked, built the foundation unlimited is leveraging them, accelerating our trajectory and ensuring we are future ready. This quarter, we achieved significant quality market share gains across all our regions while accelerating our transformation agenda, further improving efficiency and structural profitability. It is proof our model is winning. It