- BPER Banca’s net income for the second quarter is €460.5 million, which is a 73% increase year-over-year and exceeds the €393.6 million estimated.
- Total revenue for the quarter reached €1.42 billion, a 1.9% increase from the previous year, beating the €1.37 billion estimate.
- Net interest income was €814.1 million, a 2.9% decrease year-over-year, but it still surpassed the €801.5 million projection.
- Provisions for loan losses decreased by 12% year-over-year to €72.4 million, better than the estimated €79.9 million.
- The Common Equity Tier 1 (CET1) ratio fully-loaded stands at 16.2%, higher than the 15.9% estimate.
- For the full year, BPER Banca projects total revenue of about €5.5 billion, compared to a previous forecast of €5.4 billion.
- Full-year net interest income is expected to decline by a mid-single-digit percentage year-over-year.
- Full-year net commission income is anticipated to rise by a mid-single-digit percentage year-over-year.
- BPER Banca forecasts the full-year cost/income ratio to be around 50%.
- The full-year CET1 ratio is expected to remain above 15.5%.
- BPER Banca maintains a strong market position with 10 buy ratings, 1 hold, and no sells from analysts.
A look at BPER Banca S.p.A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, BPER Banca S.p.A seems to have a promising long-term outlook. With strong scores in Dividend and Growth, the company appears to be in a favorable position to reward its shareholders while also showing potential for expansion and development. Additionally, scoring well in Value and Momentum further strengthens the overall positive outlook for the bank.
BPER Banca S.p.A, a cooperative bank with a wide presence in Italy, provides a range of financial services including deposits, loans, credit cards, and investment products. Its focus on offering dividend returns, coupled with robust growth prospects, suggests a solid foundation for the company’s future growth. Though facing some challenges in resilience, the bank’s overall performance in key areas positions it well for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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