Banca Monte dei Paschi di Siena, IT0005508921

Intesa approves MPS increase: Banca Monte dei Paschi stock is valued at EUR 32.3 billion

Published on 10/23/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The offer covers 3,037,594,735 shares as of October 19, 2026. Banca Monte dei Paschi stock costs EUR 10.65 on October 23, 2026.

Offer structure and key dates

Intesa Sanpaolo approved a capital increase on October 19, 2026, covering 3,037,594,735 MPS shares.
First-half 2026 net profit exceeded EUR 1.1 billion, while the cost-to-income ratio reached 43 percent.
Banca Monte dei Paschi stock trades at EUR 10.65 at 9:16 a.m. CEST at Lang & Schwarz on October 23, 2026.
The shareholder meeting is scheduled for October 29, 2026, and the next results date is February 10, 2027.

Banca Monte dei Paschi di Siena, IT0005508921, Illustration mit AI erstellt.

Banca Monte dei Paschi di Siena stock is valued at EUR 32.3 billion after Intesa Sanpaolo approved a capital increase linked to its public tender and exchange offer on October 19, 2026. According to Intesa Sanpaolo, the offer covers a maximum of 3,037,594,735 MPS shares and could include a further 272,012,804 shares if the Mediobanca merger becomes effective before the acceptance period ends.

Offer terms set the immediate frame

The latest transaction step builds on Intesa Sanpaolo's October 3 offer terms. Its cash component stands at EUR 1.25 per MPS share, alongside 1.6 newly issued Intesa shares, while the stated value of the consideration was EUR 10.34 per MPS share. The same release put the premium at 15.3 percent against the MPS share price on June 5, 2026, linking the valuation directly to the offer structure.

For investors, the capital increase matters because it defines the scale of the proposed exchange rather than changing MPS's operating results. The offer remains tied to the shareholder meeting and to conditions described in the transaction documents.

Three events shaped the stock

On October 3, 2026, Intesa Sanpaolo raised the cash component to EUR 1.25 per share. On October 12, 2026, MPS's board examined the revised offer terms, including the higher cash component, according to MarketScreener. On October 19, 2026, Intesa approved the capital increase covering up to 3,037,594,735 MPS shares, as reported in its official release.

What does operating performance add?

MPS entered the offer debate with substantial earnings momentum. In the first half of 2026, net profit exceeded EUR 1.1 billion, and second-quarter net profit exceeded EUR 600 million, more than 20 percent above the first quarter, according to the Yahoo Finance earnings transcript. First-half revenue increased 4.1 percent year over year, gross operating profit reached EUR 2.3 billion, and the cost-to-income ratio improved to 43 percent.

Dates that can move the story

The next scheduled decision is the MPS shareholder meeting on October 29, 2026, which will address measures connected with the offer and related transactions. The next results date is February 10, 2027, according to IT Boltwise.

Stock valuation and trading view

The stock's EUR 32.3 billion market capitalization places the offer debate alongside a bank that reported EUR 1.1 billion of first-half net profit. Its 52-week range of EUR 6.85 to EUR 12.08 leaves the current euro quotation below the recorded high, while the October 29 vote provides the next identified corporate decision point.

Banca Monte dei Paschi di Siena stock was trading at EUR 10.65 at Lang & Schwarz on October 23, 2026 at 9:16 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Banca Monte dei Paschi di Siena stock.