FinecoBank SpA (OTCPK:FNBKY)

Q1 2026 FinecoBank Banca Fineco SpA Earnings Call Transcript

May 7, 2026 / 09:00 AM GMT

Release Date Price: $51.38

Transcript

Key Points

Positve

FinecoBank SpA (FCBBF) reported a stable net profit of $162 million in Q1 2026, despite a higher tax rate.
Revenues increased by 4% year-on-year to $343 million, with all product areas contributing positively.
The bank's capital position remains strong with a common equity Tier 1 ratio at 23.34% and a leverage ratio at 5.14%.
Net sales increased by 44% year-on-year in the first quarter, indicating strong commercial performance.
FinecoBank SpA (FCBBF) upgraded its outlook for 2026 and 2029, driven by better-than-expected net sales and client growth.

Negative

Operating costs increased by around 5.2% year-on-year, excluding additional costs related to business growth.
The cost-income ratio was 27.7%, which, while confirming operating leverage, indicates rising costs.
There was a small drop in management fee margins, attributed to market fluctuations and product mix changes.
The securities lending platform, while promising, is entering uncharted territory and its revenue contribution remains uncertain.
The private banking segment experienced a slight decline due to market performance, impacting total financial assets.

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

FBK.MI - FinecoBank Banca Fineco SpA
Q1 2026 FinecoBank Banca Fineco SpA Earnings Call
May 07, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference, call them a signal and operator by pressing. Star and zero on the telephone. At this time, I would like to turn the conference over to Mr. Alessandro Fotti, CEO and General Manager of FinecoBank. Please go ahead, sir.

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Unidentified_2 [2]
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Good morning, everyone, and thank you for joining our results conference call.

First quarter net profit stable year-on-year at $162 million, despite the higher tax rate by 2 percentage

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