BIT:BFFDiversified Financial
BFF Bank (BIT:BFF) Stock Looks Cheap But Margins Keep Tightening
BFF Bank walked into this earnings season with a low P/E of 7.3x and a stock that screens as heavily discounted, trading at €3.24 versus an indicated fair value of €10.75. Yet the real story today sits in profitability. Management leaned hard into capital protection and derisking, and the headline from the release is that adjusted net income in the first half of 2026 moved higher while return on equity sat close to 30%. The market now has to weigh that earnings power against a thinner net...