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BFF Bank SpA (IT:BFF)
:BFF
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BFF Bank SpA (BFF) AI Stock Analysis

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IT:BFF

BFF Bank SpA

(BFF)

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Outperform 74 (OpenAI - 4o)
Rating:74Outperform
Price Target:
€12.00
▲(10.29% Upside)
BFF Bank SpA's strong financial performance is the most significant factor, supported by solid revenue growth and profitability. Technical analysis indicates a neutral market sentiment, while valuation suggests the stock is reasonably priced. The absence of earnings call data and corporate events limits additional insights.
Positive Factors
Negative Factors

BFF Bank SpA (BFF) vs. iShares MSCI Italy ETF (EWI)

BFF Bank SpA Business Overview & Revenue Model

Company DescriptionBFF Bank SpA (BFF) is a financial institution specializing in providing tailored financial services primarily to public administrations and healthcare providers in Europe. The bank focuses on offering liquidity solutions, financing receivables, and other tailored financial products that support the cash flow and operational needs of its clients. By leveraging its deep understanding of the public sector and healthcare markets, BFF aims to deliver efficient and innovative financial solutions that enhance the financial stability of its clientele.
How the Company Makes MoneyBFF Bank generates revenue primarily through the provision of financing solutions, particularly through its receivables financing and factoring services. The bank earns interest income from the loans and credit lines it extends to clients, which are often secured against future receivables. Additionally, BFF earns fees from transaction services, including the management of receivables and other financial services tailored for public and healthcare sectors. Significant partnerships with governmental entities and healthcare institutions further enhance its revenue streams by ensuring a steady demand for its financial products. The bank's strategic focus on these sectors also allows it to maintain a stable risk profile, contributing positively to its earnings.

BFF Bank SpA Financial Statement Overview

Summary
BFF Bank SpA shows strong revenue growth and profitability with healthy profit margins. The balance sheet is solid with a manageable debt level, but an increase in total debt warrants monitoring. Cash flow improvements are notable, but a focus on maintaining liquidity is essential.
Income Statement
85
Very Positive
BFF Bank SpA has shown strong performance in revenue growth and profitability. The revenue growth rate from 2023 to 2024 was robust, indicating solid business expansion. The gross profit margin and net profit margin are healthy, reflecting efficient cost management and profitability. The EBIT and EBITDA margins are also strong, suggesting operational efficiency. However, the reduction in gross profit from 2023 to 2024 indicates a potential area for improvement.
Balance Sheet
78
Positive
The balance sheet of BFF Bank SpA indicates a healthy equity position with an increasing stockholders' equity. The debt-to-equity ratio has increased slightly from the previous year but remains manageable. The equity ratio is strong, showing a solid capital structure. Nevertheless, the increase in total debt from 2023 to 2024 suggests a need for monitoring to ensure leverage remains within acceptable limits.
Cash Flow
70
Positive
The cash flow statement shows a significant improvement in operating cash flow from negative in 2023 to positive in 2024, which is a positive indicator of cash management. Free cash flow has also turned positive, signaling improved cash generation capabilities. However, the cash flow from investing and financing activities indicates areas that need careful management to maintain liquidity and support future growth.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue646.87M486.98M424.52M508.14M313.43M268.58M
Gross Profit554.02M394.10M817.66M415.15M301.60M221.71M
EBITDA185.94M315.71M248.32M343.56M206.55M129.23M
Net Income124.31M215.68M171.66M232.05M197.37M91.07M
Balance Sheet
Total Assets13.22B12.15B12.29B13.34B11.18B6.05B
Cash, Cash Equivalents and Short-Term Investments1.10B305.84M593.89M911.33M825.03M204.47M
Total Debt742.13M750.35M242.47M242.77M379.63M1.01B
Total Liabilities12.28B11.27B11.53B12.58B10.61B5.59B
Stockholders Equity943.62M876.81M758.81M758.77M571.60M462.58M
Cash Flow
Free Cash Flow0.0010.14M-216.54M124.41M471.91M97.69M
Operating Cash Flow0.0041.51M-184.87M157.56M533.23M104.67M
Investing Cash Flow0.00-44.17M-31.67M-33.32M-71.04M-7.06M
Financing Cash Flow0.00-101.21M-162.21M-43.83M-97.32M-2.63M

BFF Bank SpA Technical Analysis

Technical Analysis Sentiment
Positive
Last Price10.88
Price Trends
50DMA
10.75
Positive
100DMA
10.54
Positive
200DMA
9.40
Positive
Market Momentum
MACD
0.03
Negative
RSI
62.00
Neutral
STOCH
46.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:BFF, the sentiment is Positive. The current price of 10.88 is above the 20-day moving average (MA) of 10.42, above the 50-day MA of 10.75, and above the 200-day MA of 9.40, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 62.00 is Neutral, neither overbought nor oversold. The STOCH value of 46.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:BFF.

BFF Bank SpA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
€2.02B16.1717.05%-23.49%-52.00%
68
Neutral
€1.34B7.578.85%9.45%-3.63%-5.12%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
60
Neutral
€1.06B8.908.29%5.79%-6.81%-4.79%
59
Neutral
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IT:BFF
BFF Bank SpA
10.88
1.84
20.29%
IT:IF
Banca Ifis SPA
22.44
2.24
11.06%
IT:BST
Banca Sistema S.p.A.
1.60
0.09
6.23%
IT:BDB
Banco di Desio e Della Brianza SPA
7.88
2.49
46.31%
IT:ILTY
illimity Bank SpA
4.04
0.20
5.32%
IT:GF
Generalfinance S.p.A.
19.70
9.24
88.34%

BFF Bank SpA Corporate Events

BFF Bank Announces Share Capital Increase to Support Incentive Plans
Oct 24, 2025

BFF Bank S.p.A. has announced a change in its share capital following a partial execution of a free share capital increase, which was resolved by the Shareholders’ Meeting in April 2020. This increase, amounting to €5,673.36, involved the issuance of 7,368 new ordinary shares allocated to the BFF Group staff as part of their remuneration and incentive policies. The change reflects the bank’s ongoing commitment to its incentive systems and stock option plans, potentially strengthening its market position and aligning staff interests with company performance.

The most recent analyst rating on (IT:BFF) stock is a Buy with a EUR12.50 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

BFF Bank Updates Articles of Association Following Capital Increase
Oct 21, 2025

BFF Bank S.p.A. has announced the publication of its updated Articles of Association following a partial execution of a free share capital increase. This update, which reflects changes announced in September 2025, is now accessible to the public at the Bank’s registered office and online. The publication of the updated Articles of Association is a significant step for BFF Bank as it continues to enhance its governance framework, potentially impacting its operations and market positioning.

The most recent analyst rating on (IT:BFF) stock is a Buy with a EUR12.50 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

BFF Bank SpA Reports Growth in Production Value Amidst Financial Challenges
Sep 30, 2025

BFF Bank SpA’s Board of Directors has approved the consolidated half-year financial report for June 30, 2025, showing an increase in production value to 852 million euros, up 11% from the previous year. The company’s EBITDA rose by 3% to 53 million euros, driven by increased volumes and integration with associated companies. Despite a positive net result of 2 million euros, the financial management result was negative, attributed to higher financial debt. The report highlights growth in the agro-industrial and seed sectors, with significant contributions from international operations, although the EBIT decreased due to higher amortizations.

The most recent analyst rating on (IT:BFF) stock is a Buy with a EUR12.50 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

Bank of Italy Confirms MREL Requirements for BFF Bank
Sep 19, 2025

The Bank of Italy has confirmed the MREL requirements for BFF Bank S.p.A., maintaining the consolidated capital requirements unchanged. This decision implies stability in BFF’s financial obligations and potentially reinforces its position in the financial sector, ensuring compliance without additional subordination requirements.

The most recent analyst rating on (IT:BFF) stock is a Buy with a EUR12.50 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

BFF Bank Updates Articles of Association Following Capital Increase
Sep 10, 2025

BFF Bank S.p.A. has announced the publication of its updated Articles of Association following a partial free capital increase. The updated documents are available at the bank’s Milan office and on its website, reflecting changes previously communicated to the market. This update is part of BFF’s ongoing efforts to maintain transparency and regulatory compliance, potentially impacting its governance structure and stakeholder engagement.

The most recent analyst rating on (IT:BFF) stock is a Buy with a EUR12.50 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

B.F. S.p.A. Updates Voting Rights Structure
Sep 5, 2025

B.F. S.p.A. announced the total number of shares with increased voting rights as of September 1, 2025, in accordance with the Consolidated Law on Finance and the company’s regulations. This update reflects the company’s commitment to transparency and governance, potentially impacting shareholder engagement and voting dynamics.

The most recent analyst rating on (IT:BFF) stock is a Buy with a EUR12.50 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

BFF Bank Announces Share Capital Increase to Support Incentive Policies
Sep 2, 2025

BFF Bank S.p.A. announced an increase in its share capital following the partial execution of a free share capital increase, which was resolved in 2020. This increase, amounting to €13,994.75, involved the issuance of 18,175 new ordinary shares, aimed at meeting remuneration and incentive policy needs. This move is part of the bank’s broader incentive systems, including the Management by Objective system and the 2020 Stock Option Plan. The change in share capital has been certified and filed with the relevant authorities, reflecting BFF’s commitment to enhancing its financial structure and aligning with strategic goals.

The most recent analyst rating on (IT:BFF) stock is a Buy with a EUR12.50 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

BFF Bank S.p.A. Announces Share Assignment Under Incentive System
Aug 28, 2025

BFF Bank S.p.A. announced an initial notification regarding the assignment of shares under its incentive system. The transaction involved the allocation of 86 shares at a price of zero euros, reflecting the company’s commitment to its remuneration and incentive policy. This move is a part of BFF Bank’s strategic efforts to align managerial interests with company performance, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on (IT:BFF) stock is a Buy with a EUR12.50 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

BFF Bank S.p.A. Executes 36,000 Options Under Stock Options Plan 2020
Aug 8, 2025

BFF Bank S.p.A. announced the exercise of 36,000 options as part of its Stock Options Plan 2020. This transaction, executed in a cash-less mode, reflects the company’s ongoing efforts to manage its financial instruments and enhance its stock option programs, potentially impacting its financial strategies and stakeholder interests.

The most recent analyst rating on (IT:BFF) stock is a Buy with a EUR11.50 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

BFF Bank Releases 2025 Half-Year Financial Report
Aug 8, 2025

BFF Bank S.p.A. has published its Consolidated Half-Year Financial Report for 2025, which is now accessible to the public. This report includes the management report and audit certification, reflecting the company’s financial health and operational performance, which is crucial for stakeholders and investors.

The most recent analyst rating on (IT:BFF) stock is a Buy with a EUR11.50 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

BFF Bank S.p.A. Achieves Record First-Half Results in 2025
Aug 5, 2025

BFF Bank S.p.A. reported its highest first-half performance in 2025, with a notable 21% year-on-year increase in Factoring & Lending Profit Before Tax. The bank’s credit portfolio and volumes reached record levels, supported by a 17% growth in Italy. Despite a decrease in adjusted total revenues, the bank maintained a strong liquidity position with a Loan/Deposit Ratio at 67% and significant growth in deposits. The CET1 ratio stood at 14.3%, indicating robust capital adequacy, while net non-performing loans remained low at 0.2%. These results underscore BFF’s solid operational performance and strategic positioning in the financial sector.

The most recent analyst rating on (IT:BFF) stock is a Buy with a EUR12.00 price target. To see the full list of analyst forecasts on BFF Bank SpA stock, see the IT:BFF Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 29, 2025