During the third quarter, the five major Italian banks collectively recorded net profits totaling 5.2 billion euros, more than doubling their earnings from the preceding year. This revelation comes from the DBRS Morningstar rating agency, which further clarified that after excluding certain one-time expenses—such as provisions made for sanctions against Russia, restructuring costs incurred by MPS, and expenses related to the Bper-Carige operation—the year-over-year profit growth stands at an impressive 86%. The agency explained that the growth in profits was primarily driven by an increase in interest rate revenues. Additionally, effective cost management practices have contributed to bolstering operating margins for these banks. The study encompasses the financial results achieved between July and September by prominent institutions including Intesa San Paolo, UniCredit, Banco Bpm, Bper, and Mps.