Full Year 2025 FinecoBank Banca Fineco SpA Earnings Call Transcript
Key Points
- FinecoBank SpA (FCBBF) reported a stable net profit of EUR647 million for 2025, with revenues around EUR1,317 million, supported by a 10% increase in nonfinancial income.
- The bank achieved a record year for new clients, with 194,000 new clients in 2025, marking a 27% increase year on year.
- FinecoBank SpA (FCBBF) recorded a new high in net sales at EUR13.4 billion, up by 33% year on year.
- The bank's capital position remains strong with a common equity Tier 1 ratio at 23.3% and a leverage ratio at 5.07%.
- FinecoBank SpA (FCBBF) is well-positioned to capture growth opportunities in the Italian market due to its efficient, transparent, and convenient service model.
- Net profit remained flat year on year, indicating potential challenges in profit growth.
- Operating costs increased by around 6% year on year, excluding costs related to business growth.
- The average asset per private banking client remained unchanged despite a strong market rally, suggesting potential dilution or less wealthy new clients.
- The leverage ratio slightly decreased due to a strong increase in deposits, indicating potential pressure on capital ratios.
- Systemic charges are expected to increase, potentially impacting future profitability.
Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the FinecoBank 4Q 2025 results conference call (Operator Instructions).
At this time, I would like to turn the conference over to Mr. Alessandro Foti, CEO and General Manager of FinecoBank.
Thank you. Good morning, everyone, and thank you for joining our fourth quarter 2025 results conference call. In 2025, net profit was flat year on year at EUR647 million and revenues at around EUR1,317 million, supported by our nonfinancial income, investing up by around 10% year on year, thanks to the volume effect and the higher control of the value chain by Fineco Asset Management and brokerage is up by around 18% year on year, thanks to the enlargement of our active investors and stock of assets under custody.
Operating costs well under control at around EUR356 million, increasing by around 6% year on year by excluding costs related to the growth of the
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