Banca Mediolanum SpA (IT:BMED)
:BMED
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.34Last Year’s EPS
0.33Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive operational and financial performance: record net income, robust fee growth, exceptional net inflows (particularly into managed assets), strong capital metrics (CET1 23%) and a meaningful dividend increase. The bank highlights durable, relationship-driven revenue growth and execution on strategic initiatives (NEXT, Grandi Patrimoni, Spain expansion). Key challenges include performance-fee volatility, higher provisions (including build-up for Prexta), sensitivity of certain fees to market conditions (certificates), and Spain's margin compression at current scale. Management provided constructive 2026 guidance (managed inflows ~EUR 9 billion, NII +~10%, cost-to-income ~38%, cost of risk ~20 bps) but acknowledged outcomes depend on market and rate assumptions. Overall, strengths and growth prospects materially outweigh the risks flagged, though execution and market conditions remain important to hit guidance.Company Guidance
Record Net Income and Improved Profitability
Net income of EUR 1.238 billion, up 11% vs 2024; contribution margin > EUR 2.1 billion; operating margin ~ EUR 1.2 billion, +10% vs prior record; ROE of 29.1%.
Robust Fee Growth and Revenue Mix Shift
Net commission income +12% to EUR 1.3 billion; management/recurring fees +10% to > EUR 1.4 billion, reducing reliance on NII as rates normalize.
Strong Commercial Momentum and Net Inflows
Total net inflows EUR 11.64 billion, +11% YoY; managed-assets inflows EUR 9.06 billion, +18% and exceeding guidance (beat 2024 record and guidance of EUR 8.0–8.5 billion).
Balance Sheet Size and Capital Strength
Total assets EUR 155.8 billion, +12% YoY; CET1 ratio 23% (robust capital position); cost-to-income ratio 37.6% (below 40% guidance).
Shareholder Returns and Employee Recognition
Proposed ordinary dividend EUR 1.25 per share (up 25% vs 2024), with interim EUR 0.60 already paid; EUR 2,000 one-off bonus paid to ~11,000 employees.
Network, Customer Base and Productivity Gains
Customers >2 million, +6% YoY; family banker network +6% to 6,798; NEXT project: 590 banker consultants active, +213 in training (expect >800 by end-2026); average assets per banker EUR 64.2 million (vs industry EUR 34 million).
Loan Growth with Strong Asset Quality
Credit book just shy of EUR 19 billion; loans granted +28% YoY to ~EUR 4 billion; cost of risk 16 bps (asset quality described as strong).
Spain: Rapid Volume Expansion
Spain total assets ~EUR 15.5 billion, +18% YoY; managed assets EUR 11.9 billion, +23%; net inflows in Spain EUR 1.95 billion, +30%; lending book in Spain EUR 1.74 billion, +17%.
One-Off Tax Refund and Positive Market Effects
EUR 140 million IRAP refund related to prior years (ECJ ruling); fair value and treasury trading improved (fair value EUR 28 million vs EUR 17 million prior year); performance fees contributed EUR 257 million gross (albeit lower than 2024).
IT:BMED 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
IT:BMED Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | €20.22 | €20.22 | 0.00% |
Nov 06, 2025 | €16.88 | €17.27 | +2.29% |
Jul 31, 2025 | €14.82 | €15.00 | +1.17% |
May 08, 2025 | €13.30 | €13.64 | +2.54% |
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 SpA (IT:BMED) report earnings?
Banca Mediolanum SpA (IT:BMED) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Banca Mediolanum SpA (IT:BMED) earnings time?
Banca Mediolanum SpA (IT:BMED) 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 the P/E ratio of Banca Mediolanum SpA stock?
The P/E ratio of Banca Mediolanum SpA is N/A.
What is IT:BMED EPS forecast?
IT:BMED EPS forecast for the fiscal quarter 2026 (Q1) is 0.34.