FinecoBank Banca Fineco SpA

Common Name

FinecoBank Banca Fineco

Country

Italy

Sector

Financial Services

Industry

Banks - Regional

Employees

1,490

Ticker

FBK

Exchange

EURONEXT MILAN

Website

it.finecobank.com

Description

FinecoBank S.p.A. is a prominent banking and financial services company, rooted in Italy and known for its innovative approach in the financial sector. Primarily, FinecoBank offers a comprehensive sui... Show more

Financial Statements of FinecoBank Banca Fineco

Below are the financial statements of FinecoBank Banca Fineco, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in thousands of EUR	2024	2023
Interest income and similar revenues	830,049^a	778,401^a
Of which interest income calculated using the effective interest method	506,556^a	515,577^a
Interest expenses and similar charges	-121,331^a	-94,613^a
Net interest margin	708,718^a	683,788^a
Fee and commission income	1,029,538^a	940,347^a
Fee and commission expenses	-504,210^a	-450,731^a
Net fee and commission	525,328^a	489,616^a
Dividends and similar revenues	180^a	226^a
Net income financial assets and liabilities held for trading	79,609^a	66,273^a
Fair value adjustment in hedge accounting	-2,182^a	-7,151^a
Gains (losses) on disposal or repurchase of	708^a	208^a
Financial assets at amortised cost	708^a	208^a
Net gains (losses) on other financial assets/liabilities at fair value through profit and loss	1,436^a	1,054^a
Other financial assets mandatorily at fair value	1,436^a	1,054^a
Operating income	1,313,797^a	1,234,014^a
Net impairment/write-backs for credit risk related to	-567^a	-3,098^a
Financial assets at amortised cost	-539^a	-3,098^a
Financial assets at fair value through other comprehensive income	-28^a	0^a
Profit/loss from contract changes without cancellation	-1^a	2^a
Net profit from financial activities	1,313,229^a	1,230,918^a
Net profit from financial and insurance activities	1,313,229^a	1,230,918^a
Administrative costs	-543,187^a	-474,801^a
Payroll costs	-137,847^a	-126,867^a
Other administrative costs	-405,340^a	-347,934^a
Net provisions for risks and charges	-8,033^a	-22,206^a
Commitments and guarantees issued	-248^a	-229^a
Other net provisions	-8,281^a	-21,977^a
Impairment on tangible assets	-21,143^a	-21,144^a
Impairment on intangible assets	-4,648^a	-5,995^a
Other operating income/charges	203,049^a	165,694^a
Operating costs	-373,962^a	-358,452^a
Profit (loss) on equity investments	17^a	-263^a
Gains and losses on disposals on investments	0^a	35^a
Total profit or loss before tax from continuing operations tax expense related to profit or loss from continuing operations	939,284^a	872,238^a
Total profit or loss after tax from continuing operations tax expense related to profit or loss from continuing operations	-286,999^a	-263,137^a
Total profit or loss after tax continuing	652,285^a	609,101^a
Net profit or loss	652,285^a	609,101^a
Profit (loss) for the year attributable to the Parent Company	652,285^a	609,101^a
Financial margin	711,162^a	687,956^a
Of which net interest	710,454^a	687,748^a
Of which profits from treasury	708^a	208^a
Dividends and other income from equity investments	17^a	-68^a
Net commission	527,026^a	489,906^a
Net trading, hedging and fair value income	79,043^a	60,402^a
Net other expenses/income	-773^a	-565^a
Revenues	1,316,475^a	1,237,631^a
Staff expenses	-137,847^a	-126,867^a
Other administrative expenses	-370,018^a	-307,918^a
Recovery of expenses	201,658^a	163,603^a
Impairment/write-backs on intangible and tangible assets	-25,791^a	-27,139^a
Operating costs	-331,998^a	-298,321^a
Operating profit (loss)	984,477^a	939,310^a
Net impairment losses on loans and provisions for guarantees and commitments	-2,088^a	-3,596^a
Net operating profit (loss)	982,389^a	935,714^a
Other charges and provisions	-44,873^a	-63,587^a
Net income from investments	1,768^a	111^a
Profit (loss) before tax from continuing operations	939,284^a	872,238^a
Income tax for the year	-286,999^a	-263,137^a
Net profit (loss) after tax from continuing operations	652,285^a	609,101^a
Profit (loss) for the year	652,285^a	609,101^a
Net profit (loss) for the year attributable to the group	652,285^a	609,101^a

Verified Sources Behind FinecoBank Banca Fineco’s Financial Fundamentals Data

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a. FinecoBank Banca Fineco's Annual Report 2024

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FinecoBank Banca Fineco SpA

Financial Statements of FinecoBank Banca Fineco

Verified Sources Behind FinecoBank Banca Fineco’s Financial Fundamentals Data

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