FinecoBank Banca Fineco Reports Full Year 2022 Earnings

Simply Wall St

February 11, 2023

FinecoBank Banca Fineco (BIT:FBK) Full Year 2022 Results

Key Financial Results

Revenue: €942.9m (up 18% from FY 2021).
Net income: €428.5m (up 13% from FY 2021).
Profit margin: 45% (down from 48% in FY 2021). The decrease in margin was driven by higher expenses.

FBK Banking Performance Indicators

Cost-to-income ratio: 29.6% (down from 32.2% in FY 2021).

earnings-and-revenue-growth — BIT:FBK Earnings and Revenue Growth February 11th 2023

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

FinecoBank Banca Fineco Earnings Insights

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in Italy.

Performance of the Italian Banks industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with FinecoBank Banca Fineco.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.