BFF Bank SpA (CHIX:BFFm)
€ 8.09 (0%) Market Cap: 1.92 Bil Enterprise Value: 1.81 Bil PE Ratio: 9.01 PB Ratio: 2.40 GF Score: 74/100
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Q1 2025 BFF Bank SpA Earnings Call Transcript

May 8, 2025 / 04:30 PM GMT
Release Date Price: €8.09

Key Points

Positve
  • BFF Bank SpA (FRA:2BF) reported an adjusted net profit of 35 million, in line with their targets.
  • The loan book grew by 5% year over year, with Italy showing a double-digit growth of over 10%.
  • The company achieved the highest level of volumes in the first quarter in its history.
  • Liquidity remains strong with 8.5 billion in deposits and a loan to deposit ratio of 68%.
  • Capital generation is robust with a CT1 ratio of 13.7%, above target levels.
Negative
  • Gross interest income is down year on year due to higher reschedulings.
  • Spain's loan book decreased due to government cash injections at the end of 2024.
  • Revenues are slightly down due to some flat fee impacts and lower check settlements.
  • The cost of funding remains a concern despite a reduction by over $20 million.
  • There is uncertainty regarding the removal of the dividend ban by the Bank of Italy.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BFF.MI - BFF Bank SpA
Q1 2025 BFF Bank SpA Earnings Call
May 08, 2025 / 04:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to the BFF Banking Group first quarter 2025 earnings call.

All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your touchtone phone.

To withdraw your question, press 2.

Please note this event is being recorded.

I would like to turn the conference over to Mr. Massaliano Belanieri, group CEO, and Joseph Besica, Group CFO. Please go ahead, gentlemen.

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Unidentified_2
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