Banca Ifis (CHIX:IFm)
€ 23.97 (0%) Market Cap: 1.44 Bil Enterprise Value: 4.17 Bil PE Ratio: 7.80 PB Ratio: 0.71 GF Score: 61/100
Back to the Transcripts List

Preliminary Q4 2024 Banca IFIS SpA Earnings Call Transcript

Feb 10, 2025 / 03:00 PM GMT
Release Date Price: €21.57

Key Points

Positve
  • Banca Ifis (FRA:0I6) reported a net income of 162 million euros for the full year 2024, slightly up year-on-year despite a challenging macroeconomic environment.
  • The company maintained a robust financial position with 1.4 billion euros in available cash and equivalents and a solid CT1 ratio of 16.1%.
  • The board proposed total dividends for 2024 of 111.5 million euros, reflecting a strong shareholder remuneration policy.
  • Banca Ifis successfully completed its three-year business plan, exceeding financial targets and achieving sustainable recurrent profitability.
  • The bank completed its digital transformation, enhancing customer service and operational efficiency through new front-end platforms and internal processes.
Negative
  • Net revenues in the fourth quarter were slightly down year-on-year, impacted by the rate scenario and the stickiness of the cost of funding.
  • The company faces a challenging environment for 2025, with expectations of moderate loan demand and potential interest rate reductions by the ECB.
  • There is increased competition in the NPL business, with slightly fewer loans being offered in the market.
  • The cost of funding remains a concern, with a target to remain below 3.3% average over 2025, indicating ongoing pressure to manage funding costs.
  • The macroeconomic outlook for Italy remains uncertain, with expectations of subdued loan growth and modest GDP growth.


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

IF.MI - Banca IFIS SpA
Preliminary Q4 2024 Banca IFIS SpA Earnings Call
Feb 10, 2025 / 03:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good afternoon. This is the Corrus call conference operator. Welcome and thank you for joining the Banker Efis full year 2024 results conference call.

As a reminder, all participants are in listen-only mode.

After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing and 0 on their telephone.

At this time, I would like to turn the conference over to Mr. Frederick Gertmann, Chief Executive Officer of PANA II. Please go ahead, sir.

--------------------------------------------------------------------------------
Unidentified_2 [2]
-------------------------------------------------------
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.