Banca Monte dei Paschi di Siena Full Year 2023 Earnings: EPS Beats Expectations

Banca Monte dei Paschi di Siena (BIT:BMPS) Full Year 2023 Results

Key Financial Results

• Revenue: €3.30b (up 25% from FY 2022).
• Net income: €2.05b (up from €204.7m loss in FY 2022).
• Profit margin: 62% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
• EPS: €1.63 (up from €0.97 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Banca Monte dei Paschi di Siena EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 57%.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Banks industry in Italy.

Performance of the Italian Banks industry.

The company's shares are up 13% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Banca Monte dei Paschi di Siena (1 can't be ignored!) that we have uncovered.

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