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Banca Mediolanum SpA (BNMDF)
OTHER OTC:BNMDF
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.29Last Year’s EPS
0.33Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 7.67%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with record-breaking financial results, significant asset inflows, and positive growth in key markets like Spain. While there are challenges such as increased acquisition costs and potential financial impacts from regulatory changes, the overall outlook remains highly positive.Company Guidance
During the Q3 2024 earnings call for Banca Mediolanum, CEO Massimo Doris provided strong guidance reflecting impressive financial performance. The bank achieved a net income of EUR 674.3 million, an 18% increase compared to the previous year, and a Q3 net income of EUR 224.4 million. Total net inflows for the first nine months reached EUR 7.16 billion, marking a 28% increase, with managed assets contributing EUR 5.44 billion, nearly doubling last year's figure. Net commission income grew by 13% to EUR 874 million, while recurring fees rose by 14.5% to EUR 1.13 billion. Despite a slight dip in net interest income due to promotional activities, the bank revised its NII guidance for 2024 to an 8% increase. The CET1 ratio stood at 23.4%, indicating a robust capital base, and the board announced a higher interim dividend of EUR 0.37 per share. Doris also highlighted significant growth in the Spanish market, with managed assets inflows reaching EUR 930 million, a 131% increase. The guidance for 2024 was revised upwards, with expectations of net inflows into managed assets around EUR 7.5 billion.Record-Breaking Financial Results
Net income reached EUR 674.3 million, exceeding last year by 18%. Net commission income grew by 13% to over EUR 874 million, and recurring fees hit EUR 1.13 billion, a 14.5% increase.
Strong Asset Inflows
Total net inflows reached EUR 7.16 billion, a 28% increase, with managed assets nearly doubling to EUR 5.44 billion. October's managed asset flows were EUR 703 million.
Positive Market Conditions
Favorable market conditions contributed to strong net inflows into managed assets and positive mark-to-market and performance fees totaling EUR 51 million.
Growth in Spain
Spain's operating margin grew by 2%, and net income increased by 10% to EUR 54.4 million. Managed assets inflows surged by 131%, reaching EUR 930 million.
Customer and Network Expansion
Acquisition of 149,000 new bank customers by September, a 7% increase. The bank's customer base grew to over 1,888,000, and the family banker network increased by 2%.
Strong Capital Position
CET1 ratio remains high at 23.4%, and leverage ratio is at 7.3%, allowing for future growth and increased dividend distributions.
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BNMDF 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
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BNMDF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $12.00 | $11.96 | -0.33% |
| Aug 01, 2024 | $11.48 | $11.10 | -3.31% |
| May 09, 2024 | $10.84 | $10.94 | +0.92% |
| Feb 08, 2024 | $9.65 | $9.79 | +1.45% |
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.
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FAQ
When does Banca Mediolanum SpA (BNMDF) report earnings?
Banca Mediolanum SpA (BNMDF) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Banca Mediolanum SpA (BNMDF) earnings time?
Banca Mediolanum SpA (BNMDF) earnings time is at Feb 06, 2025, TBA Not 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 BNMDF EPS forecast?
BNMDF EPS forecast for the fiscal quarter 2024 (Q4) is 0.29.
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