Credit Agricole SA (ACA.PA, CDA.L) reported second-quarter net income attributable to shareholders of 2.05 billion euros, a decline of 11.9% from the same period last year.
Net earnings per share came in at 0.59 euros, compared to 0.72 euros in the prior year quarter, reflecting the drag from a one-time item.
The headline decline was heavily influenced by a capital gain recorded in the prior year related to the deconsolidation of Amundi US, which inflated the year-ago comparison.
Stripping out that capital gain effect, adjusted net income attributable to shareholders rose 1.4% compared to the same period in the previous year.
Revenues at Credit Agricole SA reached 7.36 billion euros for the quarter, representing a strong 7.7% increase on a year-over-year basis.
At the broader Credit Agricole GROUP level, second-quarter net income attributable to the group increased 7.8% to 2.778 billion euros, up from 2.577 billion euros a year ago.
When adjusted for the capital gain related to the deconsolidation of Amundi US in the prior year quarter, net income at the Group level rose a substantial 22.4%.
Group revenues grew 12.9% to 10.88 billion euros, compared to 9.638 billion euros in the same quarter of the prior year, signalling broad-based business momentum.
The divergence between the reported and adjusted figures underscores how significantly the Amundi US deconsolidation distorted year-over-year comparisons for the banking group.
At last close on Euronext Paris, Credit Agricole SA shares were trading at 18.78 euros, up 2.26%, suggesting investors responded positively to the underlying earnings trajectory.
The results highlight Credit Agricole’s ability to grow core revenues and adjusted profitability even as one-time items cloud the top-line net income comparisons for the quarter.
With revenue growth of nearly 13% at the Group level, the French banking giant appears well-positioned as it moves through the second half of 2026.
