GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banca Monte dei Paschi di Siena (OTCPK:BMDPF) » Definitions » Net Income

Banca Monte dei Paschi di Siena (Banca Monte dei Paschi di Siena) Net Income : $2,223 Mil (TTM As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Banca Monte dei Paschi di Siena Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Banca Monte dei Paschi di Siena's Net Income for the three months ended in Dec. 2023 was $1,225 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $2,223 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Banca Monte dei Paschi di Siena's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.97.


Banca Monte dei Paschi di Siena Net Income Historical Data

The historical data trend for Banca Monte dei Paschi di Siena's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Banca Monte dei Paschi di Siena Net Income Chart

Banca Monte dei Paschi di Siena Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,147.79 -2,051.71 349.73 -188.94 2,237.49

Banca Monte dei Paschi di Siena Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 165.25 252.36 415.28 330.42 1,224.86

Banca Monte dei Paschi di Siena Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Banca Monte dei Paschi di Siena's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=1860.968+376.354+0+0.17099999999982
=2,237

Banca Monte dei Paschi di Siena's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=855.289+369.466+0+0.10899999999992
=1,225

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,223 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Banca Monte dei Paschi di Siena  (OTCPK:BMDPF) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Banca Monte dei Paschi di Siena's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Banca Monte dei Paschi di Siena Net Income Related Terms

Thank you for viewing the detailed overview of Banca Monte dei Paschi di Siena's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Banca Monte dei Paschi di Siena (Banca Monte dei Paschi di Siena) Business Description

Traded in Other Exchanges
Address
Piazza Salimbeni, 3, Siena, ITA, 53100
Banca Monte dei Paschi di Siena S.p.A. is a banking group operating primarily in Italy, and mainly providing traditional retail and commercial banking services. The group is also active in other business areas such as leasing, factoring, corporate finance, and investment banking through its various subsidiaries. The bank's strategy emphasizes efficiency as well as strengthening of its balance sheet, including its credit quality, liquidity, and capital base. A majority of the group's net revenue is net interest income, followed by net fees and commission income. Loans to customers overwhelmingly constitute a majority of the bank's earning assets, approximately half of which are mortgages.

Banca Monte dei Paschi di Siena (Banca Monte dei Paschi di Siena) Headlines

From GuruFocus

The Status of Italian Banks

By Holmes Osborne, CFA Holmes Osborne, CFA 12-06-2016

Italy May Cross the Debt Rubicon by December

By Matt Winkler Matt Winkler 10-03-2018