Q3 2024 Bper Banca SpA Earnings Call(Q&A Session) Transcript
Key Points
- BPER Banca SpA (BPXXY) reported a 2.9% increase in revenues, reaching EUR4.1 billion, showcasing the resilience of its business model.
- The bank's adjusted net profit rose by over 2% to EUR1.1 billion, indicating strong financial performance.
- The cost to income ratio improved to 49.5%, driven by lower HR, consultancy, and marketing costs.
- The CET1 ratio increased to 15.8%, reflecting strong organic capital generation.
- Asset quality remains high, with a net MPE ratio of 1.3%, one of the lowest in the Italian banking sector.
- Net commission income saw a quarter-on-quarter decline of 5.4% due to seasonal factors affecting sales.
- The bank anticipates an increase in the cost of risk in Q4 2024 due to macroeconomic uncertainties.
- Despite strong performance, the full-year guidance for adjusted net profit remains conservative at EUR1.3 billion.
- The bank's bond portfolio duration was reduced, potentially limiting long-term yield opportunities.
- There is a cautious outlook on NII for 2025, with expectations to remain in line with 2023 levels despite potential rate impacts.
Good morning. This is the chorus call conference operator. Welcome and thank you for joining the Bper's third quarter 2024 consolidated results conference call. (Operator Instructions)
At this time, I would like to turn the conference over to Mr. Nicolas Sponghi, Head of Investor Relations of Bper. Please go ahead, sir.
Thank you and good morning, everyone. I'm pleased to welcome you to our third quarter 2024 earnings conference call. Before I give the floor to our CEO, Gianni Franco Papa, please know that our slide set and press release can be found on our corporate website.
I would also advise you to take note of the disclaimer on slide 2 of the presentation document. With that said, after the presentation, our CEO and our CFO Simone Marcucci will take care of the Q&A session. I will reiterate that this is reserved for financial analysts whom I kindly request to ask a maximum of two questions each. So that everyone will have the opportunity to contribute to today's call. Thank you very
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
