Mediobanca - Banca di Credito Finanziario SpA (MDIBF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining the call on the full year results. On many metrics, this year is the best of our history, and this is backed by a stronger commercial achievement, fostered by a stronger franchise, which is basically the trajectory we have in our plan to have a stronger industrial footprint at the end of the three-year plan. In fact, this year, we have had 11 billion net new money, which is plus 30% year-on-year. We have had an increase of 8% in average loan in CIB, up to 1 billion. And we have further increased our extending capacity in printing new loans in consumer finance. You remember that our average trajectory was of 2 billion per quarter. We have reached 9 billion in a year, plus 9%. This reverted in a stronger double-digit growing fees trajectory, which exceeded 1 billion and is up 14%, and a very resilient NII backed by a stronger corporate consumer finance trend of up 9%. We have had also a lower core compared to our expectation. We had the forecasted or budgeted 50-55 basis points of cost of risk we ended up at 44. this reverted into a net profit up four percent and eps up seven percent on the back of buyback which has been concluded and basically very strong capital generation 270 basis points which allowed us to increase our dividend, and so the last tranche of the interim dividend is 0.59 per share. It's going to be payable next November, and brings the total dividend at 1.15 euro per share, up 7% year-on-year. We have also approved the last tranche of buyback, which will be up to the shareholder meeting of October, and is of 400 million euro. The solid progression continued also in the last quarters where we have had basically a record net new money of 3.8 billion, which then, of course, allowed us to reach 11 billion. And we ha...