BFF Bank lifts 2025 adjusted profit and capital as it de-risks factoring book

An update from BFF Bank SpA ( (IT:BFF) ) is now available.

BFF Bank S.p.A. reported 2025 adjusted net profit of €151.7m, up 6% year on year, translating into an adjusted return on equity of about 23%, while the statutory net result fell to €70.2m due to sizeable non-recurring charges. The bank maintained a stable €5.8bn loan portfolio and grew annual volumes to €8.9bn, supported by a 15% rise in deposits from transaction services and a loans-to-deposits ratio of 75%, underpinned by a €95m positive mark-to-market on its floating-rate government securities.

The group’s asset quality remained strong, with net non-performing loans at 0.2% of loans excluding distressed Italian municipalities and past-due receivables declining 7% to €1.6bn, while so-called infectious invoices dropped €75m to €269m. Capital strength improved, with a CET1 ratio of 14.1% and total capital ratio of 17.3%, as management launched de-risking of the factoring portfolio and actions to enhance the predictability of profitability ahead of a new strategic plan to be unveiled later in 2026.

The most recent analyst rating on (IT:BFF) stock is a Hold with a EUR4.50 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

More about BFF Bank SpA

BFF Bank S.p.A. is a specialized banking group focused on factoring, lending, credit management and transaction services, with a strong presence in public administration receivables. The group operates across several European markets, including Italy, France and Poland, and also offers payments and securities services supported by a sizable government securities portfolio.

Average Trading Volume: 1,547,526

Technical Sentiment Signal: Sell

Current Market Cap: €837.8M

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