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Banca Mediolanum (BNCDY)
OTHER OTC:BNCDY
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.69Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reported a strong set of 2025 results: record net income, robust fee growth, exceptional net inflows (especially into managed assets), high ROE and a very strong capital position. The bank balanced growth with disciplined cost management (cost-to-income 37.6%) while continuing to invest in distribution, NEXT and digital/AI initiatives. Key challenges include reduced performance fees versus the prior year, provisions and reserve builds, Spain profitability headwinds, and sensitivity of NII and certain fee lines (certificates) to market conditions. The management provided clear 2026 guidance (managed assets ~EUR 9bn, NII ~+10%, cost-to-income ~38%, cost of risk ~20 bps) but flagged that outcomes depend on market and rate environments.Company Guidance
Record Net Income
Group net income of EUR 1.238 billion, up 11% versus 2024, marking a new all-time high for the bank.
Strong Core Profitability
Contribution margin exceeded EUR 2.1 billion and operating margin was ~EUR 1.2 billion, improving ~10% year-on-year; cost-to-income ratio at 37.6% (below 40% guidance).
Fee Revenue Growth and Recurring Fees
Net commission income up 12% to EUR 1.3 billion; management/recurring fees up 10% to over EUR 1.4 billion, reflecting higher average managed assets and strong net inflows into managed products.
Outstanding Commercial Momentum and Net Inflows
Total net inflows of EUR 11.64 billion, up 11% YoY; managed assets net inflows of EUR 9.06 billion, up 18% and ahead of guidance (EUR 8.0–8.5 billion).
Balance Sheet Growth and Asset Base
Total assets ended 2025 at EUR 155.8 billion, up 12% YoY; credit book grew to just under EUR 19 billion and loans granted rose 28% YoY to nearly EUR 4 billion; cost of risk remained low at 16 bps.
Capital, Returns and Shareholder Pay-out
ROE of 29.1% and a solid CET1 ratio of 23%; proposed ordinary dividend EUR 1.25 per share (+25% vs 2024), composed of EUR 0.80 base and EUR 0.45 additional distribution tied to nonrecurring items.
Customer & Network Expansion
Customer base surpassed 2 million (+6% YoY) with 199,500 new customers; family banker network increased 6% to 6,798 advisers; employee/family banker bonus of EUR 2,000 paid to ~11,000 people.
NEXT Program & Productivity Gains
590 banker consultants active (213 in training) with >800 expected by end-2026; among 726 senior bankers with a consultant, productivity advantages widened significantly (managed asset inflows advantage rose from 4% to 37%; protection policies +32% to +57%; customer acquisitions +46% to +81%).
Spain: Strong Commercial Volumes
Spain net inflows EUR 1.95 billion (+30% YoY); managed assets EUR 11.9 billion (+23%); total assets ~EUR 15.5 billion (+18%); credit book EUR 1.74 billion (+17%).
One-off Tax Refund and Positive Market Effects
Received EUR 140 million IRAP refund (2012–2024) and ~EUR 17 million lower IRAP benefit in 2025; fair value improved to EUR 28 million (from EUR 17 million) and treasury trading contributed positively; performance fees still significant at EUR 257 million gross.
BNCDY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BNCDY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $47.69 | $47.77 | +0.18% |
Nov 06, 2025 | $39.14 | $40.25 | +2.83% |
Jul 31, 2025 | $34.37 | $34.66 | +0.87% |
May 08, 2025 | $30.54 | $31.07 | +1.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Banca Mediolanum (BNCDY) report earnings?
Banca Mediolanum (BNCDY) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Banca Mediolanum (BNCDY) earnings time?
Banca Mediolanum (BNCDY) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BNCDY EPS forecast?
Currently, no data Available