Income Statement Banca Mediolanum S.p.A.

Stocks

BMED

IT0004776628

Banks

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Published financial data: BANCA MEDIOLANUM S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest Income On Loans	41Cr	55Cr	133.18Cr	146.43Cr	124.75Cr
Interest Income On Investments	2.27Cr	2.54Cr	2.83Cr	3.61Cr	2.2Cr
Interest Income, Total	43Cr	58Cr	136.01Cr	150.04Cr	126.95Cr
Interest On Deposits	5.38Cr	8.01Cr	51Cr	59Cr	37Cr
Interest Expense, Total	5.38Cr	8.01Cr	51Cr	59Cr	37Cr
Net Interest Income	38Cr	50Cr	85Cr	91Cr	90Cr
Income From Trading Activities	6.25Cr	-1.52Cr	3.72Cr	87.94L	2.13Cr
Gain (Loss) on Sale of Loans	13T	-1L	-11T	5T	15.22L
Gain (Loss) on Sale of Assets	-34T	-	-12T	-11T	-20T
Gain (Loss) on Sale of Invest. & Securities - (Rev)	131.79Cr	-310.12Cr	184.95Cr	269.31Cr	88Cr
Total Other Non Interest Income	-13Cr	406.41Cr	-84Cr	-122.4Cr	59Cr
Non Interest Income, Total	125.11Cr	95Cr	104.88Cr	147.78Cr	149.8Cr
Revenues Before Provison For Loan Losses	162.63Cr	144.57Cr	190.31Cr	238.88Cr	239.86Cr
Provision For Loan Losses	2.71Cr	2.26Cr	3.31Cr	3.14Cr	2.66Cr
Total Revenues	159.93Cr	142.31Cr	187Cr	235.74Cr	237.2Cr
Salaries And Other Employee Benefits	24Cr	28Cr	29Cr	33Cr	35Cr
Amort. of Goodwill & Intang. Assets	-	-	3.99Cr	3.51Cr	2.97Cr
Occupancy Expense	1.78Cr	3.37Cr	1.67Cr	1.86Cr	1.97Cr
Selling General & Admin Expenses, Total	37Cr	40Cr	41Cr	45Cr	45Cr
(Income) Loss on Equity Invest.	-	-	-	-	-
Total Other Non Interest Expense	4.29Cr	1.37Cr	2.43Cr	5.48Cr	8.11Cr
Non Interest Expense, Total	67Cr	72Cr	78Cr	89Cr	93Cr
EBT, Excl. Unusual Items	93Cr	70Cr	108.88Cr	147.01Cr	143.74Cr
Impairment of Goodwill	-	-73L	-	-	-
Asset Writedown	-3.11Cr	-3.35Cr	-1.01Cr	-55.35L	-28.99L
Legal Settlements	-39.23L	-	-14.13L	-27.85L	-40.91L
Other Unusual Items	-	-	-1.02Cr	-1.11Cr	-8L
EBT, Incl. Unusual Items	89Cr	66Cr	106.72Cr	145.07Cr	142.97Cr
Income Tax Expense	18Cr	14Cr	25Cr	33Cr	19Cr
Earnings From Continuing Operations	71Cr	52Cr	82Cr	111.96Cr	123.79Cr
Earnings Of Discontinued Operations	-	-	18T	-	-
Net Income to Company	71Cr	52Cr	82Cr	111.96Cr	123.79Cr
Net Income - (IS)	71Cr	52Cr	82Cr	111.96Cr	123.79Cr
Net Income to Common Incl Extra Items	71Cr	52Cr	82Cr	111.96Cr	123.79Cr
Net Income to Common Excl. Extra Items	71Cr	52Cr	82Cr	111.96Cr	123.79Cr
Per Share Items
Net EPS - Basic	0.97	0.71	1.11	1.51	1.68
Basic EPS - Continuing Operations	0.97	0.71	1.11	1.51	1.68
Basic Weighted Average Shares Outstanding	74Cr	74Cr	74Cr	74Cr	74Cr
Net EPS - Diluted	0.96	0.7	1.1	1.5	1.66
Diluted EPS - Continuing Operations	0.96	0.7	1.1	1.5	1.66
Diluted Weighted Average Shares Outstanding	74Cr	74Cr	74Cr	75Cr	74Cr
Normalized Basic EPS	0.79	0.6	0.92	1.24	1.22
Normalized Diluted EPS	0.78	0.59	0.91	1.23	1.21
Dividend Per Share	0.46	0.5	0.7	0.75	1.25
Payout Ratio	45.43	83.4	48.77	52.24	73.44
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
Effective Tax Rate - (Ratio)	19.92	21.13	22.99	22.82	13.41
Total Current Taxes	17Cr	-	25Cr	32Cr	22Cr
Total Deferred Taxes	46.35L	-	-28.7L	83.46L	-2.42Cr
Normalized Net Income	58Cr	44Cr	68Cr	92Cr	90Cr
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	1.8Cr	-	-	-	-
Total Stock-Based Compensation	1.8Cr	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	52Cr	235.17Cr	19Cr	68Cr	16Cr
Investment Securities, Total	373.35Cr	295.8Cr	360.54Cr	352.91Cr	323.68Cr
Trading Asset Securities, Total	3.13TCr	3.03TCr	3.47TCr	4.18TCr	4.76TCr
Total investments	3.51TCr	3.33TCr	3.83TCr	4.54TCr	5.08TCr
Gross Loans	3.16TCr	3.58TCr	3.7TCr	3.73TCr	3.6TCr
Allowance For Loan Losses	-14Cr	-16Cr	-18Cr	-20Cr	-21Cr
Net Loans	3.15TCr	3.57TCr	3.68TCr	3.71TCr	3.58TCr
Gross Property Plant And Equipment	-	33Cr	35Cr	38Cr	40Cr
Accumulated Depreciation	-	-17Cr	-20Cr	-23Cr	-25Cr
Net Property Plant And Equipment	17Cr	17Cr	15Cr	16Cr	15Cr
Goodwill	13Cr	13Cr	13Cr	13Cr	13Cr
Other Intangibles, Total	7.8Cr	8.22Cr	8.12Cr	8.73Cr	9.53Cr
Investment in Real Estate	8.13Cr	6.13Cr	5.87Cr	5.33Cr	5.25Cr
Accrued Interest Receivable	51.62L	47.65L	61.7L	1.05Cr	2.41Cr
Other Receivables	102.04Cr	125.31Cr	163.2Cr	189.42Cr	194.28Cr
Restricted Cash	465.09Cr	27Cr	2.66Cr	28Cr	28Cr
Other Current Assets, Total	5.58Cr	7.03Cr	7.06Cr	25Cr	9.39Cr
Deferred Tax Assets Long-Term (Collected)	9.45Cr	9.21Cr	16Cr	-	19Cr
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	18Cr	16Cr	20Cr	20Cr	20Cr
Total Assets	7.35TCr	7.36TCr	7.78TCr	8.62TCr	8.99TCr
Liabilities
Accounts Payable, Total	9.34Cr	11Cr	11Cr	11Cr	11Cr
Accrued Expenses, Total	49Cr	23Cr	33Cr	58Cr	49Cr
Interest Bearing Deposits	1.48TCr	1.36TCr	1.73TCr	2.24TCr	2.44TCr
Non-Interest Bearing Deposits	2.5TCr	2.61TCr	2.44TCr	2.49TCr	2.74TCr
Total Deposits	3.98TCr	3.97TCr	4.17TCr	4.73TCr	5.19TCr
Short-Term Borrowings	682.3Cr	934.51Cr	816.72Cr	653.71Cr	262.9Cr
Current Portion of Leases	14.66L	93.08L	13.16L	-	39.32L
Long-Term Debt	103.78Cr	30Cr	33Cr	33Cr	32Cr
Long-Term Leases	6.53Cr	6.07Cr	6.18Cr	6.98Cr	6.24Cr
Current Income Taxes Payable	13Cr	12Cr	23Cr	31Cr	34Cr
Other Current Liabilities - (Bank / Utility Template)	27Cr	31Cr	39Cr	29Cr	28Cr
Unearned Revenue Non Current	30.87L	24.11L	16.73L	11.56L	10L
Pension & Other Post Retirement Benefits	5L	5L	1L	1L	78T
Deferred Tax Liability Non-Current	3.06Cr	2.35Cr	8.03Cr	10Cr	8.95Cr
Other Non Current Liabilities	2.18TCr	2.05TCr	2.3TCr	2.65TCr	2.92TCr
Total Liabilities	7.06TCr	7.07TCr	7.44TCr	8.21TCr	8.54TCr
Common Stock, Total	60Cr	60Cr	60Cr	60Cr	60Cr
Additional Paid In Capital	43.64L	52.97L	70.35L	90.82L	92.77L
Retained Earnings	224.75Cr	233.41Cr	275.77Cr	329.23Cr	386.71Cr
Treasury Stock	-3.86Cr	-3.31Cr	-1.98Cr	-7.74Cr	-6.06Cr
Comprehensive Income and Other	6.92Cr	2.87Cr	11Cr	20Cr	7.78Cr
Total Common Equity	288.28Cr	293.54Cr	345.47Cr	402.57Cr	449.44Cr
Total Equity	288.28Cr	293.54Cr	345.47Cr	402.57Cr	449.44Cr
Total Liabilities And Equity	7.35TCr	7.36TCr	7.78TCr	8.62TCr	8.99TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	74Cr	74Cr	74Cr	74Cr	74Cr
ECS Total Common Shares Outstanding	74Cr	74Cr	74Cr	74Cr	74Cr
Book Value / Share	3.91	3.98	4.66	5.46	6.08
Tangible Book Value	267.19Cr	272.76Cr	324.79Cr	381.28Cr	427.35Cr
Tangible Book Value Per Share	3.63	3.7	4.38	5.17	5.78
Total Debt	792.76Cr	971.86Cr	855.78Cr	693.67Cr	302.02Cr
Net Debt	-2.4TCr	-2.31TCr	-2.64TCr	-3.58TCr	-4.5TCr
Equity Method Investments, Total	-	-	-	-	-
Full Time Employees	3.32T	3.49T	3.64T	3.82T	4.04T
Number Of Offices	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	71Cr	52Cr	82Cr	111.96Cr	123.79Cr
Depreciation, Depletion & Amortization	1.99Cr	3.37Cr	2.68Cr	2.41Cr	2.27Cr
Amortization of Goodwill and Intangible Assets - (CF)	3.11Cr	3.35Cr	-	-	13.06L
Total Depreciation, Depletion & Amortization	5.11Cr	6.72Cr	2.68Cr	2.41Cr	2.4Cr
Amortization of Deferred Charges, Total	-	-	3.45Cr	3.1Cr	2.84Cr
(Gain) Loss on Sale of Investments - (CF)	-103.4Cr	226.79Cr	-162.71Cr	-237.05Cr	-87Cr
Total Asset Writedown	7L	-	53.34L	40.67L	29.07L
Provision for Credit Losses	2.65Cr	-	-	-	-
Change in Trading Asset Securities	66Cr	-64Cr	-9.8Cr	41Cr	2.37Cr
Change in Other Net Operating Assets (Collected)	43Cr	212.9Cr	-292.36Cr	-76Cr	-88Cr
Other Operating Activities	6.84Cr	-204.57Cr	200.62Cr	269.57Cr	82Cr
Cash from Operations	91Cr	229.54Cr	-175.4Cr	115.22Cr	39Cr
Capital Expenditure	-2.32Cr	-2.2Cr	-1.33Cr	-1.56Cr	-77.66L
Sale of Property, Plant, and Equipment	-	-	-	48.33L	11.47L
Purchase / Sale of Intangible Assets	-3.76Cr	-3.75Cr	-3.9Cr	-4.09Cr	-3.57Cr
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	2.27Cr	2.54Cr	2.83Cr	3.61Cr	2.2Cr
Cash from Investing	-3.81Cr	-3.41Cr	-2.39Cr	-1.55Cr	-2.03Cr
Issuance of Common Stock	57.37L	65.13L	1.52Cr	21.71L	1.7Cr
Repurchase of Common Stock	-	-	-	-5.76Cr	-
Common Dividends Paid	-32Cr	-44Cr	-40Cr	-58Cr	-91Cr
Common & Preferred Stock Dividends Paid	-32Cr	-44Cr	-40Cr	-58Cr	-91Cr
Net Increase (Decrease) in Deposit Accounts - (CF)	-	-	-	-	-
Special Dividend Paid	-42Cr	-	-	-	-
Cash from Financing	-74Cr	-43Cr	-39Cr	-64Cr	-89Cr
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	13Cr	183.27Cr	-216.36Cr	50Cr	-52Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.08	0.71	1.09	1.37	1.41
Return On Equity %	25.37	17.94	25.67	29.93	29.06
Return on Common Equity	25.37	17.94	25.67	29.93	29.06
Shareholders Value Added	41Cr	21Cr	44Cr	67Cr	73Cr
Margin Analysis
SG&A Margin	39.16	49.68	38.08	33.6	34.48
Net Interest Income / Total Revenues %	23.46	35.01	45.69	38.65	37.97
EBT Excl. Non-Recurring Items Margin %	57.87	49.36	58.23	62.36	60.6
Income From Continuing Operations Margin %	44.59	36.67	43.95	47.49	52.19
Net Income Margin %	44.59	36.67	43.95	47.49	52.19
Net Avail. For Common Margin %	44.59	36.67	43.95	47.49	52.19
Normalized Net Income Margin	36.17	30.85	36.39	38.98	37.88
Asset quality
Nonperforming Loans / Total Loans %	-	-	-	-	-
Nonperforming Loans / Total Assets %	-	-	-	-	-
Nonperforming Assets / Total Assets %	-	-	-	-	-
NPAs / Loans and OREO	-	-	-	-	-
NPAs / Equity	-	-	-	-	-
Allowance for Credit Losses / Nonperforming Loans %	-	-	-	-	-
Allowance for Credit Losses / Total Loans %	0.46	0.44	0.49	0.53	0.57
Capital And Funding
Total Average Common Equity / Total Average Assets %	4.24	3.95	4.23	4.56	4.84
Total Average Equity / Total Average Assets %	4.24	3.95	4.23	4.56	4.84
Total Equity + Allowance for Loan Losses / Total Loans %	9.57	8.64	9.84	11.34	13.05
Gross Loans / Total Deposits %	79.39	90.28	88.7	78.71	69.43
Net Loans / Total Deposits %	79.03	89.87	88.26	78.29	69.03
Tier 1 Capital Ratio %	-	-	-	-	-
Total Capital Ratio %	-	-	-	-	-
Core Tier 1 Capital Ratio	-	-	-	-	-
Tier 2 Capital Ratio	-	-	-	-	-
Coverage Ratio	-	-	-	-	-
Interbank Ratio	594.67	92.05	24.64	88.01	154.54
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	17.56	9.26	3.11	3.46	4.88
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	15.93	32.78	70.91	6.64	-1.15
Non Interest Income, 1 Yr. Growth %	36.88	-24.27	16.5	40.91	1.37
Provision For Loan Losses, 1 Yr. Growth %	18.91	-16.54	46.62	-5.13	-15.3
Total Revenues, 1 Yr. Growth %	31.64	-11.01	35.75	26.07	0.62
Earnings From Cont. Operations, 1 Yr. Growth %	64.12	-26.82	62.16	36.23	10.56
Net Income, 1 Yr. Growth %	64.12	-26.82	62.16	36.23	10.56
Normalized Net Income, 1 Yr. Growth %	65.1	-23.78	64.01	36.27	-1.85
Diluted EPS Before Extra, 1 Yr. Growth %	63.84	-27.36	62.26	35.57	11.01
Dividend Per Share, 1 Yr. Growth %	-41.03	8.7	40	7.14	66.67
Gross Loans, 1 Yr. Growth %	11.67	13.24	4.71	0.75	-3.33
Allowance For Loan Losses, 1 Yr. Growth %	11.71	9.63	13.43	8.2	6.57
Net Loans, 1 Yr. Growth %	11.67	13.26	4.67	0.71	-3.39
Total Assets, 1 Yr. Growth %	24.55	0.1	5.72	10.69	4.39
Total Deposits, 1 Yr Growth %	22.7	1.15	5.07	13.53	9.52
Tangible Book Value, 1 Yr. Growth %	5.47	2.08	18.53	17.39	12.08
Common Equity, 1 Yr. Growth %	5.27	1.82	17.19	16.53	11.64
Total Equity, 1 Yr. Growth %	5.27	1.82	17.19	16.53	11.64
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	9.96	24.07	50.9	35	2.67
Non Interest Income, 2 Yr. CAGR %	3.02	1.82	-8.45	28.12	19.51
Provision For Loan Losses, 2 Yr. CAGR %	16.95	-0.38	10.62	17.94	-10.36
Total Revenues, 2 Yr. CAGR %	4.33	8.23	8.13	30.82	12.63
Earnings From Cont. Operations, 2 Yr. CAGR %	12.3	9.59	7.36	48.63	22.73
Net Income, 2 Yr. CAGR %	12.3	9.59	7.36	48.63	22.73
Normalized Net Income, 2 Yr. CAGR %	11.98	11.94	8.7	48.81	15.43
Diluted EPS Before Extra, 2 Yr. CAGR %	12.17	9.09	7.01	48.31	22.68
Dividend Per Share, 2 Yr. CAGR %	48	-19.94	23.36	22.47	33.63
Gross Loans, 2 Yr. CAGR %	12.77	12.45	8.12	2.71	-1.32
Allowance For Loan Losses, 2 Yr. CAGR %	11.81	11.02	12.38	10.78	6.04
Net Loans, 2 Yr. CAGR %	12.77	12.46	8.1	2.67	-1.36
Total Assets, 2 Yr. CAGR %	17.3	11.66	2.89	8.18	7.5
Total Deposits, 2 Yr CAGR %	20.91	10.54	3.09	9.22	11.54
Tangible Book Value, 2 Yr. CAGR %	11.75	3.76	10.25	17.96	14.71
Common Equity, 2 Yr. CAGR %	10.92	3.53	9.47	16.86	14.06
Total Equity, 2 Yr. CAGR %	10.92	3.53	9.47	16.86	14.06
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	16.36	17.09	38.2	34.41	21.68
Non Interest Income, 3 Yr. CAGR %	17.9	-7.02	4.69	5.71	18.5
Provision For Loan Losses, 3 Yr. CAGR %	21.77	4.51	13.32	5.1	5.62
Total Revenues, 3 Yr. CAGR %	17.47	-1.06	15.46	13.81	19.86
Earnings From Cont. Operations, 3 Yr. CAGR %	40.75	-2.64	23.67	16.23	34.67
Net Income, 3 Yr. CAGR %	40.75	-2.64	23.68	16.23	34.67
Normalized Net Income, 3 Yr. CAGR %	29.73	-1.64	24.77	16.84	29.37
Diluted EPS Before Extra, 3 Yr. CAGR %	40.63	-2.95	23.33	15.79	34.66
Dividend Per Share, 3 Yr. CAGR %	4.77	33.53	-3.54	17.7	35.72
Gross Loans, 3 Yr. CAGR %	13.26	12.93	9.29	5.6	0.65
Allowance For Loan Losses, 3 Yr. CAGR %	12.12	11.31	12.39	10.97	8.45
Net Loans, 3 Yr. CAGR %	13.26	12.93	9.28	5.58	0.61
Non Performing Loans, 3 Yr. CAGR %	-	-	-	-	-
Non Performing Assets, 3 Yr. CAGR %	-	-	-	-	-
Total Assets, 3 Yr. CAGR %	15.78	11.26	9.66	5.43	6.9
Total Deposits, 3 Yr CAGR %	19.15	13.34	8.69	6.46	9.34
Tangible Book Value, 3 Yr. CAGR %	12.95	8.43	8.63	12.58	15.97
Common Equity, 3 Yr. CAGR %	11.84	7.8	8.05	11.77	15.09
Total Equity, 3 Yr. CAGR %	11.84	7.8	8.05	11.77	15.09
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	5.2	15.72	29.11	24.04	22.71
Non Interest Income, 5 Yr. CAGR %	12.17	4.95	6.56	4.63	10.38
Provision For Loan Losses, 5 Yr. CAGR %	19.7	10.52	17.18	9.69	3.18
Total Revenues, 5 Yr. CAGR %	10.18	7.96	13.64	9.92	14.32
Earnings From Cont. Operations, 5 Yr. CAGR %	12.62	6.55	26.3	14.64	23.3
Net Income, 5 Yr. CAGR %	12.62	6.55	26.3	14.64	23.3
Normalized Net Income, 5 Yr. CAGR %	15.61	9.43	20.77	14.78	20.72
Diluted EPS Before Extra, 5 Yr. CAGR %	12.73	6.4	26.07	14.33	23.07
Dividend Per Share, 5 Yr. CAGR %	8.92	4.56	11.84	28.99	9.89
Gross Loans, 5 Yr. CAGR %	31.15	30.26	11.18	8.42	4.92
Allowance For Loan Losses, 5 Yr. CAGR %	16.74	16.77	12.37	11.44	9.81
Net Loans, 5 Yr. CAGR %	31.25	30.34	11.17	8.4	4.89
Non Performing Loans, 5 Yr. CAGR %	-	-	-	-	-
Non Performing Assets, 5 Yr. CAGR %	-	-	-	-	-
Total Assets, 5 Yr. CAGR %	11.86	11.21	10.44	10.02	8.79
Total Deposits, 5 Yr CAGR %	12.98	11.84	12.1	11.67	9.82
Tangible Book Value, 5 Yr. CAGR %	6.49	6.47	11.87	12.25	11.02
Common Equity, 5 Yr. CAGR %	6.03	5.85	10.88	11.43	10.42
Total Equity, 5 Yr. CAGR %	6.03	5.85	10.88	11.43	10.42