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Mediobanca (MDIBY)
OTHER OTC:MDIBY
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Earnings Data
Report Date
Feb 10, 2025Before Open Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
$0.79Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -11.83%
|Next Earnings Date:Feb 10, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted robust growth in net new money, strong fee income, and a solid performance in CIB, alongside prudent capital management. However, challenges included a slight decrease in net profit, flat loan book growth, and higher cost of risk in Consumer Finance.Company Guidance
During the Mediobanca earnings call for the first quarter of 2025, CEO Alberto Nagel provided comprehensive guidance on the institution's performance and strategic direction. Mediobanca reported robust commercial flows, with EUR 2.6 billion of net new money, representing a 10% increase in Total Financial Assets (TFA). The Consumer Finance division saw EUR 2.1 billion in new loans, marking a 12% rise, while Corporate and Investment Banking (CIB) announced 27 deals, a 36% year-on-year increase. Revenue and profitability improved across all banking sectors, with net profitability in Wealth Management, CIB, and Consumer Finance increasing by 6%, 20%, and 5%, respectively. The bank maintained a healthy cost/income ratio of 43%, despite significant investments, and asset quality remained strong with a 51 basis point Cost of Risk (CoR). Capital generation was strong, with a 70 basis point increase in CET1, now around 15.4%. The bank also commenced a share buyback program worth EUR 385 million. Looking ahead, Mediobanca aims for EUR 9-10 billion in net new money, moderate revenue growth, and a cost/income ratio of 44%. The EPS is expected to grow between 6% and 8%, with capital generation projected between 15.5% and 16%.Record Net New Money and Loan Growth
EUR 2.6 billion of net new money with 10% TFA growth, EUR 2.1 billion in new loans in Consumer Finance, up 12%.
Strong Performance in CIB
27 deals announced, a 36% increase year-on-year, with a 20% increase in CIB profitability.
Fee Income Growth
Fees grew by 30% year-on-year, driven by Wealth Management and CIB.
Capital Generation and Share Buyback
70 basis points of capital generation with CET1 at 15.4% and a EUR 385 million share buyback initiated.
Continued Strong Asset Quality
CoR at 51 basis points, within guidance, and maintaining strong asset quality.
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MDIBY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MDIBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $16.15 | $14.78 | -8.48% |
| Aug 01, 2024 | $15.80 | $15.10 | -4.43% |
| May 10, 2024 | $14.46 | $14.80 | +2.35% |
| Feb 09, 2024 | $12.12 | $11.94 | -1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mediobanca (MDIBY) report earnings?
Mediobanca (MDIBY) is schdueled to report earning on Feb 10, 2025, Before Open Not Confirmed.
What is Mediobanca (MDIBY) earnings time?
Mediobanca (MDIBY) earnings time is at Feb 10, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MDIBY EPS forecast?
Currently, no data Available
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