Cash flow Mediobanca S.p.A.

Equities

MB

IT0000062957

Banks

Market Closed - Borsa Italiana Other stock markets 10:15:00 09/03/2026 pm IST			5-day change	1st Jan Change
15.38 ^EUR	-2.13%		-16.70%	-13.49%

10/03	Lovaglio cancels meetings to present plan with Mediobanca	AN
09/03	MPS CEO Lovaglio cancels roadshow for Mediobanca integration plan - sources	RE

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Published financial data: MEDIOBANCA S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Interest Income On Loans	181.99Cr	184.8Cr	283.41Cr	397.3Cr	390.19Cr
Interest Income On Investments	11Cr	12Cr	7.88Cr	14Cr	17Cr
Interest Income, Total	192.68Cr	196.58Cr	291.28Cr	411.1Cr	407.47Cr
Interest On Deposits	40Cr	35Cr	102.65Cr	202.55Cr	205.01Cr
Interest Expense, Total	40Cr	35Cr	102.65Cr	202.55Cr	205.01Cr
Net Interest Income	152.45Cr	161.21Cr	188.64Cr	208.56Cr	202.46Cr
Income From Trading Activities	8.39Cr	-8.48Cr	9.94Cr	3.97Cr	22Cr
Gain (Loss) on Sale of Loans	-1Cr	3.11Cr	44.27L	6L	-16.68L
Gain (Loss) on Sale of Assets	-	-51L	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	40Cr	41Cr	44Cr	55Cr	36Cr
Total Other Non Interest Income	62Cr	70Cr	71Cr	83Cr	96Cr
Non Interest Income, Total	109.1Cr	105.08Cr	125.56Cr	142.36Cr	153.81Cr
Revenues Before Provison For Loan Losses	261.55Cr	266.28Cr	314.19Cr	350.92Cr	356.27Cr
Provision For Loan Losses	26Cr	20Cr	23Cr	25Cr	23Cr
Total Revenues	235.12Cr	245.9Cr	290.99Cr	326.29Cr	333Cr
Salaries And Other Employee Benefits	62Cr	66Cr	72Cr	79Cr	84Cr
Amort. of Goodwill & Intang. Assets	3.24Cr	2.95Cr	3.02Cr	8.05Cr	2.88Cr
Occupancy Expense	5.32Cr	5.71Cr	6.21Cr	7.11Cr	7.86Cr
Selling General & Admin Expenses, Total	59Cr	62Cr	66Cr	68Cr	65Cr
(Income) Loss on Equity Invest.	-	-	-	-	-
Total Other Non Interest Expense	-5.17Cr	-7.48Cr	-4.83Cr	-6.89Cr	-4.69Cr
Non Interest Expense, Total	124.51Cr	129.02Cr	142.51Cr	154.89Cr	154.32Cr
EBT, Excl. Unusual Items	110.61Cr	116.88Cr	148.47Cr	171.4Cr	178.68Cr
Restructuring Charges	-18.4L	-23.79L	-30.08L	-29.52L	-32.1L
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-6.25Cr	-37.33L	-4.95Cr	-	-43.85L
Asset Writedown	-2L	-	-12.53L	-16.1L	-4L
Legal Settlements	-	-	-	-	-
Other Unusual Items	3.94Cr	-10.2L	-63.61L	10.53L	-32.12L
EBT, Incl. Unusual Items	108.1Cr	116.16Cr	142.46Cr	171.05Cr	177.56Cr
Income Tax Expense	27Cr	25Cr	39Cr	43Cr	44Cr
Earnings From Continuing Operations	81Cr	91Cr	102.98Cr	127.65Cr	133.11Cr
Net Income to Company	81Cr	91Cr	102.98Cr	127.65Cr	133.11Cr
Minority Interest	-16.23L	-26.77L	-30.34L	-31.37L	-10L
Net Income - (IS)	81Cr	91Cr	102.68Cr	127.34Cr	133.01Cr
Net Income to Common Incl Extra Items	81Cr	91Cr	102.68Cr	127.34Cr	133.01Cr
Net Income to Common Excl. Extra Items	81Cr	91Cr	102.68Cr	127.34Cr	133.01Cr
Per Share Items
Net EPS - Basic	0.94	1.08	1.22	1.54	1.65
Basic EPS - Continuing Operations	0.94	1.08	1.22	1.54	1.65
Basic Weighted Average Shares Outstanding	86Cr	84Cr	84Cr	83Cr	81Cr
Net EPS - Diluted	0.93	1.08	1.21	1.53	1.63
Diluted EPS - Continuing Operations	0.93	1.08	1.21	1.53	1.63
Diluted Weighted Average Shares Outstanding	87Cr	84Cr	85Cr	83Cr	81Cr
Normalized Basic EPS	0.8	0.87	1.1	1.29	1.38
Normalized Diluted EPS	0.8	0.86	1.09	1.28	1.37
Dividend Per Share	0.66	0.75	0.85	1.07	1.15
Payout Ratio	0.46	63.91	61.74	90.55	70.88
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	25.14	21.69	27.71	25.37	25.03
Current Domestic Taxes	-	26Cr	35Cr	44Cr	44Cr
Total Current Taxes	22Cr	26Cr	35Cr	44Cr	44Cr
Deferred Domestic Taxes	-	-32.29L	4.48Cr	-66.3L	80.23L
Total Deferred Taxes	5.45Cr	-32.29L	4.48Cr	-66.3L	80.23L
Normalized Net Income	69Cr	73Cr	92Cr	106.81Cr	111.57Cr
Non-Cash Pension Expense	3.45Cr	3.56Cr	4.07Cr	1.32Cr	1.46Cr
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	1.44Cr	1.33Cr	1.12Cr	1.58Cr	1.61Cr
Total Stock-Based Compensation	1.44Cr	1.33Cr	1.12Cr	1.58Cr	1.61Cr

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	196.95Cr	857.88Cr	423.7Cr	336.12Cr	103.37Cr
Investment Securities, Total	1.29TCr	1.1TCr	1.39TCr	1.72TCr	1.9TCr
Trading Asset Securities, Total	1.22TCr	1.09TCr	1.14TCr	1.68TCr	1.79TCr
Total investments	2.51TCr	2.19TCr	2.53TCr	3.4TCr	3.69TCr
Gross Loans	5.25TCr	5.68TCr	5.84TCr	5.83TCr	6.1TCr
Net Loans	5.25TCr	5.68TCr	5.84TCr	5.83TCr	6.1TCr
Gross Property Plant And Equipment	72Cr	78Cr	85Cr	89Cr	98Cr
Accumulated Depreciation	-28Cr	-34Cr	-37Cr	-39Cr	-47Cr
Net Property Plant And Equipment	44Cr	45Cr	47Cr	49Cr	50Cr
Goodwill	60Cr	62Cr	57Cr	83Cr	86Cr
Other Intangibles, Total	14Cr	22Cr	22Cr	22Cr	23Cr
Investment in Real Estate	6.29Cr	5.96Cr	5.05Cr	4.8Cr	12Cr
Accrued Interest Receivable	5.39Cr	6.33Cr	7.11Cr	7Cr	-
Other Receivables	77Cr	87Cr	93Cr	111.97Cr	32Cr
Restricted Cash	28Cr	31Cr	52Cr	32Cr	33Cr
Other Current Assets, Total	76.23L	35.73L	26Cr	41Cr	30Cr
Deferred Tax Assets Long-Term (Collected)	58Cr	60Cr	52Cr	-	-
Other Real Estate Owned And Foreclosed	-	-	-	88.55L	95.39L
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	8.99Cr	9.46Cr	9.32Cr	8.51Cr	229.83Cr
Total Assets	8.26TCr	9.06TCr	9.16TCr	9.92TCr	10TCr
Liabilities
Accrued Expenses, Total	32Cr	32Cr	41Cr	49Cr	55Cr
Interest Bearing Deposits	2.65TCr	3.07TCr	3TCr	2.91TCr	3.08TCr
Non-Interest Bearing Deposits	41Cr	46Cr	27Cr	28Cr	25Cr
Total Deposits	2.69TCr	3.11TCr	3.02TCr	2.94TCr	3.1TCr
Short-Term Borrowings	837.51Cr	1.18TCr	1.15TCr	1.61TCr	1.51TCr
Long-Term Debt	3.02TCr	3.11TCr	3.2TCr	3.49TCr	3.76TCr
Long-Term Leases	23Cr	21Cr	22Cr	21Cr	25Cr
Current Income Taxes Payable	21Cr	26Cr	42Cr	36Cr	35Cr
Other Current Liabilities - (Bank / Utility Template)	440.58Cr	412.66Cr	450.54Cr	540.29Cr	562.6Cr
Unearned Revenue Non Current	12Cr	11Cr	10Cr	-	-
Pension & Other Post Retirement Benefits	2.83Cr	2.2Cr	2.06Cr	2.04Cr	1.91Cr
Deferred Tax Liability Non-Current	34Cr	40Cr	45Cr	39Cr	36Cr
Other Non Current Liabilities	39Cr	39Cr	45Cr	77Cr	191.83Cr
Total Liabilities	7.15TCr	7.98TCr	8.02TCr	8.8TCr	9.28TCr
Common Stock, Total	44Cr	44Cr	44Cr	44Cr	44Cr
Additional Paid In Capital	219.56Cr	219.56Cr	219.56Cr	219.56Cr	185.42Cr
Retained Earnings	765.91Cr	781.52Cr	870.21Cr	127.34Cr	133.01Cr
Treasury Stock	-22Cr	-24Cr	-7.89Cr	-6.88Cr	-37Cr
Comprehensive Income and Other	93Cr	43Cr	6.21Cr	731.24Cr	792.7Cr
Total Common Equity	1.1TCr	1.06TCr	1.13TCr	1.12TCr	1.12TCr
Minority Interest	8.83Cr	10Cr	10Cr	8.61Cr	1.41Cr
Total Equity	1.11TCr	1.07TCr	1.14TCr	1.12TCr	1.12TCr
Total Liabilities And Equity	8.26TCr	9.06TCr	9.16TCr	9.92TCr	10TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	86Cr	84Cr	84Cr	83Cr	81Cr
ECS Total Common Shares Outstanding	86Cr	84Cr	84Cr	83Cr	81Cr
Book Value / Share	12.77	12.69	13.47	13.5	13.83
Tangible Book Value	1.03TCr	980.89Cr	1.05TCr	1.01TCr	1.01TCr
Tangible Book Value Per Share	11.91	11.69	12.52	12.23	12.49
Total Debt	3.88TCr	4.31TCr	4.36TCr	5.12TCr	5.29TCr
Debt Equivalent of Unfunded Proj. Benefit Obligation	14.12L	-8L	-6L	-1L	10L
Net Debt	2.11TCr	2.09TCr	2.45TCr	2.53TCr	2.51TCr
Equity Method Investments, Total	370.29Cr	315.79Cr	356.38Cr	378.92Cr	398.88Cr
Full Time Employees	4.92T	5.02T	5.23T	5.44T	5.53T

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	81Cr	91Cr	102.68Cr	127.34Cr	133.01Cr
Depreciation, Depletion & Amortization	5.32Cr	5.71Cr	6.21Cr	7.11Cr	7.86Cr
Amortization of Goodwill and Intangible Assets - (CF)	94.75L	2.95Cr	3.02Cr	3.86Cr	2.82Cr
Total Depreciation, Depletion & Amortization	6.27Cr	8.66Cr	9.23Cr	11Cr	11Cr
Amortization of Deferred Charges, Total	2.29Cr	2.27Cr	1.7Cr	3.17Cr	2.45Cr
Total Asset Writedown	2L	-	-	-	-
Change in Trading Asset Securities	-68Cr	166.45Cr	-150.72Cr	-558.88Cr	156.59Cr
Change in Other Net Operating Assets (Collected)	-105.65Cr	366.19Cr	-238.4Cr	411.33Cr	-211.08Cr
Other Operating Activities	-56Cr	-48Cr	-41Cr	50Cr	-211.95Cr
Cash from Operations	-139.94Cr	586.29Cr	-316.1Cr	44Cr	-120.3Cr
Capital Expenditure	-2.63Cr	-2.65Cr	-3.98Cr	-5.12Cr	-10Cr
Sale of Property, Plant, and Equipment	5L	20.75L	97.02L	1L	3L
Cash Acquisitions	-	-	-	55T	-
Divestitures	-	-	2L	-	-
Purchase / Sale of Intangible Assets	-2.85Cr	-2.59Cr	-3.64Cr	-3.65Cr	-4.21Cr
Investment in Marketable and Equity Securities, Total	21Cr	31Cr	24Cr	11Cr	30Cr
Cash from Investing	15Cr	26Cr	17Cr	1.9Cr	16Cr
Issuance of Common Stock	-	-	-	62.52L	31.83L
Repurchase of Common Stock	-	-24Cr	-	-19Cr	-34Cr
Common Dividends Paid	-36.94L	-58Cr	-63Cr	-115.3Cr	-94Cr
Common & Preferred Stock Dividends Paid	-36.94L	-58Cr	-63Cr	-115.3Cr	-94Cr
Net Increase (Decrease) in Deposit Accounts - (CF)	-	-	-	-	-
Cash from Financing	-36.94L	-82Cr	-63Cr	-133.44Cr	-128.2Cr
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	-125.05Cr	530.54Cr	-362.46Cr	-88Cr	-232.74Cr
Supplemental Items
Cash Interest Paid	44Cr	29Cr	135.91Cr	336.77Cr	361.96Cr
Cash Income Tax Paid (Refund)	28Cr	29Cr	26Cr	50Cr	57Cr

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	1	1.05	1.13	1.34	1.31
Return On Equity %	7.77	8.33	9.29	11.26	11.86
Return on Common Equity	7.82	8.37	9.35	11.33	11.91
Shareholders Value Added	-42Cr	-36Cr	-26Cr	-3.52Cr	1.97Cr
Margin Analysis
SG&A Margin	53.78	54.31	49.6	47.11	46.89
Net Interest Income / Total Revenues %	64.84	65.56	64.83	63.92	60.8
EBT Excl. Non-Recurring Items Margin %	47.05	47.53	51.02	52.53	53.66
Income From Continuing Operations Margin %	34.42	36.99	35.39	39.12	39.97
Net Income Margin %	34.35	36.88	35.29	39.03	39.94
Net Avail. For Common Margin %	34.35	36.88	35.29	39.03	39.94
Normalized Net Income Margin	29.33	29.6	31.79	32.73	33.51
Asset quality
Nonperforming Loans / Total Loans %	3.76	2.95	2.27	2.07	1.66
Nonperforming Loans / Total Assets %	2.39	1.85	1.45	1.22	0.98
Nonperforming Assets / Total Assets %	2.4	1.86	1.46	1.23	0.99
NPAs / Loans and OREO	3.78	2.96	2.28	2.09	1.68
NPAs / Equity	17.86	15.65	11.67	10.83	9.15
Capital And Funding
Total Average Common Equity / Total Average Assets %	12.79	12.51	12.06	11.78	11
Total Average Equity / Total Average Assets %	12.9	12.62	12.17	11.88	11.05
Total Equity + Allowance for Loan Losses / Total Loans %	20.99	18.75	19.39	19.15	18.33
Gross Loans / Total Deposits %	194.99	182.52	193.3	198.22	196.7
Net Loans / Total Deposits %	194.99	182.52	193.3	198.22	196.7
Tier 1 Capital Ratio %	16.31	15.67	15.9	15.17	15.05
Total Capital Ratio %	18.91	17.62	17.92	17.72	17.94
Core Tier 1 Capital Ratio	16.31	15.67	15.9	15.17	15.05
Tier 2 Capital Ratio	2.61	1.95	2.02	2.55	2.89
Interbank Ratio	94.42	41.54	70.25	-	-
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	3.69	4.28	2.39	1.84	1.87
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-0.3	5.75	17.01	10.56	-2.93
Non Interest Income, 1 Yr. Growth %	21.8	-3.69	18.92	13.48	8.04
Provision For Loan Losses, 1 Yr. Growth %	-33.51	-22.87	13.84	6.11	-5.53
Total Revenues, 1 Yr. Growth %	15.98	4.58	18.09	12.18	2.06
Earnings From Cont. Operations, 1 Yr. Growth %	34.55	12.41	13.21	24.05	4.28
Net Income, 1 Yr. Growth %	34.51	12.31	13.21	24.11	4.46
Normalized Net Income, 1 Yr. Growth %	21.12	1.76	27.08	16.63	4.46
Diluted EPS Before Extra, 1 Yr. Growth %	34.78	16.13	12.04	26.45	6.54
Dividend Per Share, 1 Yr. Growth %	-	13.64	13.33	25.88	7.48
Gross Loans, 1 Yr. Growth %	2.01	10.98	1.59	-0.26	4.73
Net Loans, 1 Yr. Growth %	2.01	10.98	1.59	-0.26	4.73
Non Performing Loans, 1 Yr. Growth %	-	-	-	-	-15.96
Non Performing Assets, 1 Yr. Growth %	-	-	-	-	-15.79
Total Assets, 1 Yr. Growth %	4.62	9.65	1.18	8.3	4.76
Total Deposits, 1 Yr Growth %	3.86	15.61	-2.86	-2.74	5.53
Tangible Book Value, 1 Yr. Growth %	16.26	-4.48	7.34	-3.96	-0.13
Common Equity, 1 Yr. Growth %	14.14	-3.32	6.37	-1.49	0.26
Total Equity, 1 Yr. Growth %	13.97	-3.17	6.33	-1.63	-0.38
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	0.48	2.68	11.24	13.74	3.6
Non Interest Income, 2 Yr. CAGR %	10.96	8.31	7.28	16.12	10.73
Provision For Loan Losses, 2 Yr. CAGR %	12.32	-28.39	-6.3	9.91	0.12
Total Revenues, 2 Yr. CAGR %	3.69	10.13	11.25	15.07	7
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.03	22.98	12.81	18.46	13.74
Net Income, 2 Yr. CAGR %	-0.94	22.91	12.76	18.49	13.86
Normalized Net Income, 2 Yr. CAGR %	1.34	13.05	13.72	21.14	10.38
Diluted EPS Before Extra, 2 Yr. CAGR %	-0.53	25.11	14.06	19.02	16.06
Dividend Per Share, 2 Yr. CAGR %	18.5	-	13.48	19.44	16.32
Gross Loans, 2 Yr. CAGR %	3.56	5.07	6.85	0.66	2.2
Net Loans, 2 Yr. CAGR %	3.56	5.07	6.85	0.66	2.2
Non Performing Loans, 2 Yr. CAGR %	-	-	-	-	-
Non Performing Assets, 2 Yr. CAGR %	-	-	-	-	-
Total Assets, 2 Yr. CAGR %	2.74	7.11	5.33	4.67	6.52
Total Deposits, 2 Yr CAGR %	5.89	9.58	5.98	-2.8	1.31
Tangible Book Value, 2 Yr. CAGR %	7.37	5.38	1.26	1.53	-2.06
Common Equity, 2 Yr. CAGR %	5.96	5.05	1.41	2.37	-0.62
Total Equity, 2 Yr. CAGR %	5.9	5.05	1.47	2.27	-1.01
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	1.68	2.2	7.25	11.01	7.89
Non Interest Income, 3 Yr. CAGR %	5.19	5.85	11.92	9.28	13.36
Provision For Loan Losses, 3 Yr. CAGR %	8.1	-0.9	-16.42	-2.33	4.5
Total Revenues, 3 Yr. CAGR %	2.57	3.99	12.8	11.54	10.56
Earnings From Cont. Operations, 3 Yr. CAGR %	-2.3	3.26	19.64	16.41	13.53
Net Income, 3 Yr. CAGR %	-2.22	3.29	19.59	16.39	13.61
Normalized Net Income, 3 Yr. CAGR %	0.01	2.72	17.55	14.3	15.3
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.73	4.74	20.59	18.05	14.71
Dividend Per Share, 3 Yr. CAGR %	11.98	16.86	-	17.48	15.31
Gross Loans, 3 Yr. CAGR %	6.77	5.09	4.33	4.43	2
Net Loans, 3 Yr. CAGR %	6.77	5.09	4.33	4.43	2
Non Performing Loans, 3 Yr. CAGR %	-	-	-	-	-
Non Performing Assets, 3 Yr. CAGR %	-	-	-	-	-
Total Assets, 3 Yr. CAGR %	4.54	5	5.09	6.3	4.7
Total Deposits, 3 Yr CAGR %	10.09	9.03	5.26	2.99	-0.1
Tangible Book Value, 3 Yr. CAGR %	4.87	3.27	6.03	-0.51	0.98
Common Equity, 3 Yr. CAGR %	4.52	2.77	5.49	0.43	1.66
Total Equity, 3 Yr. CAGR %	4.48	2.78	5.48	0.42	1.38
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	3.54	3.48	5.4	6.67	5.77
Non Interest Income, 5 Yr. CAGR %	17.72	10.74	6.02	9.95	11.42
Provision For Loan Losses, 5 Yr. CAGR %	-7.89	-6.53	2.1	3.29	-10.16
Total Revenues, 5 Yr. CAGR %	11.49	7.61	5.96	8.33	10.43
Earnings From Cont. Operations, 5 Yr. CAGR %	5.9	4.15	3.48	9.09	17.22
Net Income, 5 Yr. CAGR %	5.96	3.87	3.51	9.12	17.24
Normalized Net Income, 5 Yr. CAGR %	8.25	10.36	6.05	9.72	14.4
Diluted EPS Before Extra, 5 Yr. CAGR %	5.85	4.42	4.31	10.23	18.76
Dividend Per Share, 5 Yr. CAGR %	19.57	15.18	12.58	17.88	-
Gross Loans, 5 Yr. CAGR %	7.31	6.99	6.27	3.55	3.48
Net Loans, 5 Yr. CAGR %	7.31	6.99	6.27	3.55	3.48
Non Performing Loans, 5 Yr. CAGR %	-1.63	-5.34	-	-	-
Non Performing Assets, 5 Yr. CAGR %	-1.55	-5.28	-	-	-
Total Assets, 5 Yr. CAGR %	3.42	5.15	4.85	4.87	5.66
Total Deposits, 5 Yr CAGR %	5.11	4.39	8.42	4.14	3.67
Tangible Book Value, 5 Yr. CAGR %	4.15	2.77	3.41	2.57	2.72
Common Equity, 5 Yr. CAGR %	4.51	3.17	3.27	2.61	3
Total Equity, 5 Yr. CAGR %	4.47	3.18	3.27	2.58	2.83