FinecoBank's fourth quarter profit beats forecast, stock rises (updated)

FinecoBank

06/02/2026 10:05

Adds share move in paragraph 2; JPM, Citi comments in paragraphs 6-7

By Romolo Tosiani

Feb 6 (Reuters) - FinecoBank FBK.MI reported higher than expected fourth quarter profit, benefiting from a rise in revenue at its asset management division, helping its shares gain as much as 3% on Friday.

The company's net income for the October-to-December period totalled 166.5 million euros ($196.4 million), above an LSEG compiled consensus of 161.3 million euros, while its revenue reached 346.9 million euros, up 4.3% year-on-year.

Fineco's diversified business model, which combines digital banking with brokerage and asset management platforms, proved resilient against a backdrop of normalizing interest rates in the eurozone.

In 2025, its total net sales rose 33.3% year-on-year to 13.4 billion euros, while asset under management net sales stood at 5.5 billion euros, also up by 33.3% on a yearly basis.

"The acceleration in net inflows was driven by savers' greater attitude to invest ... able to make the most of the new potentials offered by artificial intelligence applications," CEO Alessandro Foti said in a statement.

In a research note, J.P. Morgan said it sees "a low to mid-single digit positive revision to consensus". Citi's analysts forecasted low single digit consensus upgrades.

    The company announced a 0.79 euros per share dividend for 2025.

($1 = 0.8477 euros)

 (Reporting by Romolo Tosiani in Gdansk; Editing by Matt Scuffham)

 ((Romolo.Tosiani@tr.com;))