Italy's FinecoBank Q1 revenue slightly beats estimates

FinecoBank

07/05/2026 06:29

Overview

Italy online bank's fiscal Q1 revenue rose 4.1% yr/yr, slightly beating analyst expectations

Company attributed revenue growth to asset management and brokerage contributions

Outlook

FinecoBank did not provide specific financial guidance for the current or future periods

Result Drivers

ASSET MANAGEMENT - Co said asset management contributed to revenue growth, with retail classes up 14.9% yr/yr and institutional classes up 10.9% yr/yr

BROKERAGE ACTIVITY - Co said brokerage revenue rose 5.2% yr/yr, driven by higher investor activity and market volumes

HIGHER TAX RATE - Co attributed net profit decline to a higher tax rate due to increased IRAP taxation starting January 2026

Company press release: ID:nBIA3DZ1wd

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
EUR 342.90 mln
EUR 341.78 mln (4 Analysts)
Q1 Net Income
EUR 162.20 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for FinecoBank Banca Fineco SpA is €25.40, about 16% above its May 6 closing price of €21.90

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)