Finecobank Banca Fine Spa (FCBBF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is the Chorus Call Conference Operator. Welcome and thank you for joining the Fineco Bank 4Q2025 Results Conference Call. As a reminder, all participants are in listen-only 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 telephones. At this time, I would like to turn the conference over to Mr. Alessandro Forti, CEO and General Manager of Fineco Bank. Thank you. Good morning, everyone, and thank you for joining our fourth quarter 2025 results conference call. In 2025, net profit was flat, zero near, at $647 million, and revenues at around $1. 1,317 million, supported by our non-financial income. Investing up by around 10% year-on-year, thanks to the volume effect and the higher control of the value chain by FinEco Asset Management. And brokerage is up by around 18% year-on-year, thanks to the enlargement of our active investors and stock of assets under custody. Operating costs were under control at around 356 million, increasing by around 6% year-on-year by excluding costs related to the growth of the business. Cost-income ratio was equal to 27.1%, confirming operating leverage as a key strength of the bank. Moving to our commercial results, the underlying step up in our growth dynamics gets crystal clear month by month. This is underpinned by the positive tailwinds from structural trends, and we are leveraging on this solid momentum through and more efficient marketing. The results of this acceleration has been clearly visible in our most recent numbers. First of all, recorded our third record here in a row for new clients at around 100% 94,000 new clients up by 27% year-on-year. In January, new clie...