Stock Analysis

Banca IFIS Reports Third Quarter 2024 Earnings

BIT:IF
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Banca IFIS (BIT:IF) Third Quarter 2024 Results

Key Financial Results

  • Revenue: €144.6m (down 4.5% from 3Q 2023).
  • Net income: €33.0m (down 2.2% from 3Q 2023).
  • Profit margin: 23% (in line with 3Q 2023).
earnings-and-revenue-growth
BIT:IF Earnings and Revenue Growth November 9th 2024

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

Banca IFIS Earnings Insights

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Diversified Financial industry in Italy.

Performance of the Italian Diversified Financial industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

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

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Discover if Banca IFIS might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.