Finecobank Banca Fine Spa (FCBBF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome and thank you for joining the Finecobank second quarter 2026 results conference call. As a reminder, I'll participate in a release alone mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference call. All this to Mr. Alessandro Foti, CEO and General Manager of Fineco Bank. Please, go ahead, sir. Good morning, everyone, and thank you for joining our results conference call. First half adjusted net profit up by 8% year-on-year at around 343 million. Revenues up by around 11% year-on-year at $713 million, with all product areas contributing positively. Banking up by 8.5% thanks to higher deposit volumes. Investing up by 11% thanks to the volume effect. Brokerage up by 15% thanks to the higher stocks of assets under custody and expanding active investor base. Adjusted operating costs, well under control, at around 193 million, increasing by around 6% year-on-year, excluding the additional costs related to the growth of the business. Cost-income ratio at 27%, confirming operating leverage as a key strength of the bank. Capital position confirmed to be strong and safe, with a common APT-TR1 ratio at 23.18%. and the library duration at 5.02. Among the main events, we have signed with SEMPE, Asicura, a four-year exclusive partnership for the distribution of live insurance products. The deal improves both the quality of products and services and Finicom marginality moving to a higher level. Moving now to our commercial performance, we are experiencing a material step up in our growth. This is driven by our unique positioning, capturing long-term structural trends and by ...