Overview

• Commerzbank achieved its highest quarterly profit since 2011, reporting €834 million for Q1 2025, surpassing analyst expectations.
• The bank reaffirmed its 2025 profit outlook of €2.4 billion, or €2.8 billion excluding restructuring costs, signaling confidence in its financial trajectory.
• Plans for a 3,900-job reduction by 2027 continue, with simultaneous hiring in growth markets like Poland and Asia to maintain a stable workforce of 36,700 employees.
• Shareholder-focused measures, including a €0.65 per-share dividend and upcoming share buybacks, aim to bolster the stock price and deter UniCredit's acquisition bid.
• Commerzbank leadership, backed by labor representatives and the German government, remains resolute in opposing UniCredit's near-30% stake and potential takeover.