BFF Bank SpA (MIL:BFF)
€ 8.785 0.02 (0.23%) Market Cap: 1.65 Bil Enterprise Value: 963.93 Mil PE Ratio: 6.67 PB Ratio: 1.96 GF Score: 79/100
Back to the Transcripts List

Q1 2019 Banca Farmafactoring SpA Earnings Call Transcript

May 10, 2019 / 11:00AM GMT
Release Date Price: €5.02 (-0.59%)
Massimiliano Belingheri
Banca Farmafactoring S.p.A. - CEO & Director

Thank you, everybody, for joining us today for the first quarter 2009 (sic) [2019] results report.

We report a strong growth in net income and profitability with adjusted net income growing at 10% year-on-year and a 36% adjusted return on tangible equity. This has been done despite a lower collection level of LPI, which has generated in turn a higher balance sheet LPI and reserve of EUR 378 million. Interest income also has grown at 5% year-on-year. And operating costs continued to improve with operating costs over loans declining to 1.87%.

Growth in loans year-on-year has been strong up 20%, and the international portfolio is at 34% before we consider the impact of the acquisition of IOS Finance in Spain. Funding base remained solid, and we ran a good liquidity position.

Capital ratios are strong with total capital at 15.6% and Core Equity Tier at 11.1%. That excludes the EUR 21.4 million of reported net income for the period, which would clearly increase otherwise the ratio and include the mark-to

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.