UniCredit lifted earnings and shareholder-distributions guidance after reporting better-than-expected profit for the second quarter, as the Italian bank looks to turn the page on its aborted takeover bid for smaller peer Banco BPM.

The company now expects to make around 10.5 billion euros ($12.34 billion) in net profit in 2025, up from more than 9.3 billion euros previously, it said Wednesday. Revenue is anticipated to come in above 23.5 billion euros, compared with around that figure previously, though still lower than its 24.84 billion-euro result last year.