Finecobank Banca Fine Spa (FCBBF) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.733 -- 00:00:06.977 Welcome and thank you for joining the Finecobank second quarter 2026 results 00:00:06.977 -- 00:00:12.122 conference call. As a reminder, I'll participate in a release alone mode. 00:00:12.122 -- 00:00:15.945 After the presentation, there will be an opportunity to ask questions. 00:00:15.945 -- 00:00:20.409 Should anyone need assistance during the conference call, they may signal an operator 00:00:20.409 -- 00:00:23.933 by pressing star and zero on their telephone. 00:00:23.933 -- 00:00:26.912 At this time, I would like to turn the conference call. 00:00:26.912 -- 00:00:31.614 All this to Mr. Alessandro Foti, CEO and General Manager of Fineco Bank. 00:00:31.614 -- 00:00:34.394 Please, go ahead, sir. 00:00:36.595 -- 00:00:41.457 Good morning, everyone, and thank you for joining our results conference call. 00:00:41.457 -- 00:00:46.778 First half adjusted net profit up by 8% year-on-year 00:00:46.778 -- 00:00:49.499 at around 343 million. 00:00:49.667 -- 00:00:54.008 Revenues up by around 11% year-on-year 00:00:54.368 -- 00:01:00.009 at $713 million, with all product areas contributing positively. 00:01:00.009 -- 00:01:05.251 Banking up by 8.5% thanks to higher deposit 00:01:05.251 -- 00:01:11.292 volumes. Investing up by 11% thanks to the volume effect. 00:01:11.292 -- 00:01:16.633 Brokerage up by 15% thanks to the higher stocks of assets under custody 00:01:16.633 -- 00:01:21.831 and expanding active investor base. Adjusted operating costs, well 00:01:21.831 -- 00:01:27.073 under control, at around 193 million, increasing by around 6% 00:01:27.073 -- 00:01:28.593 year-on-year, 00:01:28.593 -- 00:01:33.035 excluding the additional costs related to the growth of the business. 00:01:33.035 -- 00:01:36.676 Cost-income ratio at 27%, con...