BFF Bank S.p.A. (BFFBF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the BFF Banking Group First Quarter twenty twenty six Earnings Call. All participants will be in listen only mode. After today's presentation, there will be the opportunity to ask questions. Please note this event is being recorded. I would like to turn the conference over to Catarina de la Mora, Head of Investor Relations and Judith Pesica, Group CEO. Please go ahead. Good afternoon and thank you for joining BFF's first quarter twenty twenty six financial results call. We will start with a presentation by our CEO Joseph Pesica followed by Q and A. To ensure that we can take everyone's questions, we kindly ask you to limit yourself to three questions. Let me hand over now to Joseph Esika. Thank you, and thank you everyone for joining this call. Before we dive into the presentation, some of you may have already noticed that we have introduced some new formats and slides. This allows us to better illustrate the diversified nature of our group and to focus on the key drivers of our performance. You can still find for this quarter all the other details in the appendix. Today we are announcing what are good results in what remains a complex environment. Our profitability improved with adjusted net income significantly up year on year. This result is underpinned by the performance of our payments and security services business as well as factoring and lending where we are focused on the profitability of our volumes. As a result, we now meet CET1 and also our total capital ratio requirements. This is a significant although expected change compared to what we have announced at our full year results. We continue to review options for our business model given the recent changes in portfolio classification and the need to address calendar provision...