Cash flow Mediobanca S.p.A.

Equities

MB

IT0000062957

Banks

Market Closed - Borsa Italiana Other stock markets 16:45:00 06/02/2026 GMT			After hours 19:33:53
18.96 ^EUR	+2.18%		18.97	+0.08%

04:56pm	Mib Rises Despite Stellantis Collapse	AN
11:47am	Milan Stock Exchange Down, Hit by Stellantis Plunge and Luxury Sector Slump, Utilities Outperform	RE

72b22819e2cb0b5e02.0UQ62E_8q3ZYoPP3vfXnJpcHpp_f07KJdTWzUXlB42k.sgd_ty7E5DMV8bTOzbDecvBr49K4ssLMPXTVMzQS0TimHAuiKtHeOGzogA

Published financial data: MEDIOBANCA S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Interest Income On Loans	1.82B	1.85B	2.83B	3.97B	3.9B
Interest Income On Investments	107M	118M	78.76M	138M	173M
Interest Income, Total	1.93B	1.97B	2.91B	4.11B	4.07B
Interest On Deposits	402M	354M	1.03B	2.03B	2.05B
Interest Expense, Total	402M	354M	1.03B	2.03B	2.05B
Net Interest Income	1.52B	1.61B	1.89B	2.09B	2.02B
Income From Trading Activities	83.92M	-84.82M	99.41M	39.68M	220M
Gain (Loss) on Sale of Loans	-10.02M	31.13M	4.43M	606K	-1.67M
Gain (Loss) on Sale of Assets	-	-5.1M	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	398M	412M	443M	549M	357M
Total Other Non Interest Income	619M	697M	709M	834M	963M
Non Interest Income, Total	1.09B	1.05B	1.26B	1.42B	1.54B
Revenues Before Provison For Loan Losses	2.62B	2.66B	3.14B	3.51B	3.56B
Provision For Loan Losses	264M	204M	232M	246M	233M
Total Revenues	2.35B	2.46B	2.91B	3.26B	3.33B
Salaries And Other Employee Benefits	620M	656M	717M	788M	837M
Amort. of Goodwill & Intang. Assets	32.37M	29.53M	30.19M	80.47M	28.8M
Occupancy Expense	53.22M	57.06M	62.14M	71.11M	78.62M
Selling General & Admin Expenses, Total	591M	623M	664M	678M	645M
(Income) Loss on Equity Invest.	-	-	-	-	-
Total Other Non Interest Expense	-51.74M	-74.84M	-48.32M	-68.85M	-46.87M
Non Interest Expense, Total	1.25B	1.29B	1.43B	1.55B	1.54B
EBT, Excl. Unusual Items	1.11B	1.17B	1.48B	1.71B	1.79B
Restructuring Charges	-1.84M	-2.38M	-3.01M	-2.95M	-3.21M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-62.47M	-3.73M	-49.54M	-	-4.38M
Asset Writedown	-200K	-	-1.25M	-1.61M	-373K
Legal Settlements	-	-	-	-	-
Other Unusual Items	39.38M	-1.02M	-6.36M	1.05M	-3.21M
EBT, Incl. Unusual Items	1.08B	1.16B	1.42B	1.71B	1.78B
Income Tax Expense	272M	252M	395M	434M	444M
Earnings From Continuing Operations	809M	910M	1.03B	1.28B	1.33B
Net Income to Company	809M	910M	1.03B	1.28B	1.33B
Minority Interest	-1.62M	-2.68M	-3.03M	-3.14M	-1M
Net Income - (IS)	808M	907M	1.03B	1.27B	1.33B
Net Income to Common Incl Extra Items	808M	907M	1.03B	1.27B	1.33B
Net Income to Common Excl. Extra Items	808M	907M	1.03B	1.27B	1.33B
Per Share Items
Net EPS - Basic	0.94	1.08	1.22	1.54	1.65
Basic EPS - Continuing Operations	0.94	1.08	1.22	1.54	1.65
Basic Weighted Average Shares Outstanding	862M	839M	841M	827M	809M
Net EPS - Diluted	0.93	1.08	1.21	1.53	1.63
Diluted EPS - Continuing Operations	0.93	1.08	1.21	1.53	1.63
Diluted Weighted Average Shares Outstanding	867M	843M	845M	833M	815M
Normalized Basic EPS	0.8	0.87	1.1	1.29	1.38
Normalized Diluted EPS	0.8	0.86	1.09	1.28	1.37
Dividend Per Share	0.66	0.75	0.85	1.07	1.15
Payout Ratio	0.46	63.91	61.74	90.55	70.88
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
Effective Tax Rate - (Ratio)	25.14	21.69	27.71	25.37	25.03
Current Domestic Taxes	-	255M	350M	441M	436M
Total Current Taxes	217M	255M	350M	441M	436M
Deferred Domestic Taxes	-	-3.23M	44.83M	-6.63M	8.02M
Total Deferred Taxes	54.46M	-3.23M	44.83M	-6.63M	8.02M
Normalized Net Income	690M	728M	925M	1.07B	1.12B
Non-Cash Pension Expense	34.51M	35.63M	40.66M	13.23M	14.61M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	14.39M	13.27M	11.18M	15.83M	16.07M
Total Stock-Based Compensation	14.39M	13.27M	11.18M	15.83M	16.07M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.97B	8.58B	4.24B	3.36B	1.03B
Investment Securities, Total	12.91B	10.99B	13.86B	17.17B	19.03B
Trading Asset Securities, Total	12.22B	10.92B	11.41B	16.83B	17.88B
Total investments	25.13B	21.92B	25.27B	34B	36.91B
Gross Loans	52.47B	56.79B	58.42B	58.27B	61.02B
Net Loans	52.47B	56.79B	58.42B	58.27B	61.02B
Gross Property Plant And Equipment	723M	783M	846M	885M	976M
Accumulated Depreciation	-283M	-337M	-371M	-393M	-472M
Net Property Plant And Equipment	439M	447M	475M	493M	504M
Goodwill	602M	617M	575M	827M	857M
Other Intangibles, Total	142M	222M	222M	218M	231M
Investment in Real Estate	62.85M	59.64M	50.49M	48M	124M
Accrued Interest Receivable	53.95M	63.28M	71.13M	70.01M	-
Other Receivables	767M	869M	928M	1.12B	324M
Restricted Cash	278M	315M	521M	318M	334M
Other Current Assets, Total	7.62M	3.57M	255M	407M	303M
Deferred Tax Assets Long-Term (Collected)	584M	597M	524M	-	-
Other Real Estate Owned And Foreclosed	-	-	-	8.86M	9.54M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	89.88M	94.64M	93.22M	85.15M	2.3B
Total Assets	82.6B	90.57B	91.64B	99.23B	104B
Liabilities
Accrued Expenses, Total	320M	316M	407M	490M	550M
Interest Bearing Deposits	26.5B	30.65B	29.95B	29.12B	30.78B
Non-Interest Bearing Deposits	406M	461M	269M	279M	245M
Total Deposits	26.91B	31.11B	30.22B	29.39B	31.02B
Short-Term Borrowings	8.38B	11.78B	11.46B	16.08B	15.08B
Long-Term Debt	30.17B	31.09B	31.96B	34.86B	37.57B
Long-Term Leases	227M	209M	217M	213M	252M
Current Income Taxes Payable	211M	257M	417M	360M	345M
Other Current Liabilities - (Bank / Utility Template)	4.41B	4.13B	4.51B	5.4B	5.63B
Unearned Revenue Non Current	120M	108M	102M	-	-
Pension & Other Post Retirement Benefits	28.3M	21.97M	20.58M	20.44M	19.15M
Deferred Tax Liability Non-Current	339M	403M	450M	390M	362M
Other Non Current Liabilities	388M	391M	448M	774M	1.92B
Total Liabilities	71.5B	79.82B	80.21B	87.98B	92.75B
Common Stock, Total	444M	444M	444M	445M	445M
Additional Paid In Capital	2.2B	2.2B	2.2B	2.2B	1.85B
Retained Earnings	7.66B	7.82B	8.7B	1.27B	1.33B
Treasury Stock	-217M	-241M	-78.88M	-68.83M	-370M
Comprehensive Income and Other	931M	434M	62.13M	7.31B	7.93B
Total Common Equity	11.01B	10.65B	11.33B	11.16B	11.19B
Minority Interest	88.31M	102M	104M	86.11M	14.11M
Total Equity	11.1B	10.75B	11.43B	11.24B	11.2B
Total Liabilities And Equity	82.6B	90.57B	91.64B	99.23B	104B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	862M	839M	841M	827M	809M
ECS Total Common Shares Outstanding	862M	839M	841M	827M	809M
Book Value / Share	12.77	12.69	13.47	13.5	13.83
Tangible Book Value	10.27B	9.81B	10.53B	10.11B	10.1B
Tangible Book Value Per Share	11.91	11.69	12.52	12.23	12.49
Total Debt	38.77B	43.08B	43.64B	51.15B	52.91B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.41M	-782K	-617K	-118K	976K
Net Debt	21.05B	20.85B	24.5B	25.27B	25.11B
Equity Method Investments, Total	3.7B	3.16B	3.56B	3.79B	3.99B
Full Time Employees	4.92K	5.02K	5.23K	5.44K	5.53K

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	808M	907M	1.03B	1.27B	1.33B
Depreciation, Depletion & Amortization	53.22M	57.06M	62.14M	71.11M	78.62M
Amortization of Goodwill and Intangible Assets - (CF)	9.48M	29.53M	30.19M	38.57M	28.21M
Total Depreciation, Depletion & Amortization	62.7M	86.58M	92.34M	110M	107M
Amortization of Deferred Charges, Total	22.89M	22.68M	17.02M	31.73M	24.45M
Total Asset Writedown	200K	-	-	-	-
Change in Trading Asset Securities	-678M	1.66B	-1.51B	-5.59B	1.57B
Change in Other Net Operating Assets (Collected)	-1.06B	3.66B	-2.38B	4.11B	-2.11B
Other Operating Activities	-558M	-480M	-406M	500M	-2.12B
Cash from Operations	-1.4B	5.86B	-3.16B	440M	-1.2B
Capital Expenditure	-26.34M	-26.46M	-39.75M	-51.16M	-104M
Sale of Property, Plant, and Equipment	546K	2.08M	9.7M	128K	252K
Cash Acquisitions	-	-	-	55K	-
Divestitures	-	-	246K	-	-
Purchase / Sale of Intangible Assets	-28.54M	-25.9M	-36.35M	-36.5M	-42.05M
Investment in Marketable and Equity Securities, Total	207M	314M	236M	107M	303M
Cash from Investing	153M	264M	170M	19.05M	158M
Issuance of Common Stock	-	-	-	6.25M	3.18M
Repurchase of Common Stock	-	-241M	-	-188M	-342M
Common Dividends Paid	-3.69M	-580M	-634M	-1.15B	-943M
Common & Preferred Stock Dividends Paid	-3.69M	-580M	-634M	-1.15B	-943M
Net Increase (Decrease) in Deposit Accounts - (CF)	-	-	-	-	-
Cash from Financing	-3.69M	-821M	-634M	-1.33B	-1.28B
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	-1.25B	5.31B	-3.62B	-876M	-2.33B
Supplemental Items
Cash Interest Paid	441M	294M	1.36B	3.37B	3.62B
Cash Income Tax Paid (Refund)	279M	288M	257M	499M	571M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	1	1.05	1.13	1.34	1.31
Return On Equity %	7.77	8.33	9.29	11.26	11.86
Return on Common Equity	7.82	8.37	9.35	11.33	11.91
Shareholders Value Added	-421M	-362M	-259M	-35.16M	19.75M
Margin Analysis
SG&A Margin	53.78	54.31	49.6	47.11	46.89
Net Interest Income / Total Revenues %	64.84	65.56	64.83	63.92	60.8
EBT Excl. Non-Recurring Items Margin %	47.05	47.53	51.02	52.53	53.66
Income From Continuing Operations Margin %	34.42	36.99	35.39	39.12	39.97
Net Income Margin %	34.35	36.88	35.29	39.03	39.94
Net Avail. For Common Margin %	34.35	36.88	35.29	39.03	39.94
Normalized Net Income Margin	29.33	29.6	31.79	32.73	33.51
Asset quality
Nonperforming Loans / Total Loans %	3.76	2.95	2.27	2.07	1.66
Nonperforming Loans / Total Assets %	2.39	1.85	1.45	1.22	0.98
Nonperforming Assets / Total Assets %	2.4	1.86	1.46	1.23	0.99
NPAs / Loans and OREO	3.78	2.96	2.28	2.09	1.68
NPAs / Equity	17.86	15.65	11.67	10.83	9.15
Capital And Funding
Total Average Common Equity / Total Average Assets %	12.79	12.51	12.06	11.78	11
Total Average Equity / Total Average Assets %	12.9	12.62	12.17	11.88	11.05
Total Equity + Allowance for Loan Losses / Total Loans %	20.99	18.75	19.39	19.15	18.33
Gross Loans / Total Deposits %	194.99	182.52	193.3	198.22	196.7
Net Loans / Total Deposits %	194.99	182.52	193.3	198.22	196.7
Tier 1 Capital Ratio %	16.31	15.67	15.9	15.17	15.05
Total Capital Ratio %	18.91	17.62	17.92	17.72	17.94
Core Tier 1 Capital Ratio	16.31	15.67	15.9	15.17	15.05
Tier 2 Capital Ratio	2.61	1.95	2.02	2.55	2.89
Interbank Ratio	94.42	41.54	70.25	-	-
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	3.69	4.28	2.39	1.84	1.87
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	-0.3	5.75	17.01	10.56	-2.93
Non Interest Income, 1 Yr. Growth %	21.8	-3.69	18.92	13.48	8.04
Provision For Loan Losses, 1 Yr. Growth %	-33.51	-22.87	13.84	6.11	-5.53
Total Revenues, 1 Yr. Growth %	15.98	4.58	18.09	12.18	2.06
Earnings From Cont. Operations, 1 Yr. Growth %	34.55	12.41	13.21	24.05	4.28
Net Income, 1 Yr. Growth %	34.51	12.31	13.21	24.11	4.46
Normalized Net Income, 1 Yr. Growth %	21.12	1.76	27.08	16.63	4.46
Diluted EPS Before Extra, 1 Yr. Growth %	34.78	16.13	12.04	26.45	6.54
Dividend Per Share, 1 Yr. Growth %	-	13.64	13.33	25.88	7.48
Gross Loans, 1 Yr. Growth %	2.01	10.98	1.59	-0.26	4.73
Net Loans, 1 Yr. Growth %	2.01	10.98	1.59	-0.26	4.73
Non Performing Loans, 1 Yr. Growth %	-	-	-	-	-15.96
Non Performing Assets, 1 Yr. Growth %	-	-	-	-	-15.79
Total Assets, 1 Yr. Growth %	4.62	9.65	1.18	8.3	4.76
Total Deposits, 1 Yr Growth %	3.86	15.61	-2.86	-2.74	5.53
Tangible Book Value, 1 Yr. Growth %	16.26	-4.48	7.34	-3.96	-0.13
Common Equity, 1 Yr. Growth %	14.14	-3.32	6.37	-1.49	0.26
Total Equity, 1 Yr. Growth %	13.97	-3.17	6.33	-1.63	-0.38
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	0.48	2.68	11.24	13.74	3.6
Non Interest Income, 2 Yr. CAGR %	10.96	8.31	7.28	16.12	10.73
Provision For Loan Losses, 2 Yr. CAGR %	12.32	-28.39	-6.3	9.91	0.12
Total Revenues, 2 Yr. CAGR %	3.69	10.13	11.25	15.07	7
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.03	22.98	12.81	18.46	13.74
Net Income, 2 Yr. CAGR %	-0.94	22.91	12.76	18.49	13.86
Normalized Net Income, 2 Yr. CAGR %	1.34	13.05	13.72	21.14	10.38
Diluted EPS Before Extra, 2 Yr. CAGR %	-0.53	25.11	14.06	19.02	16.06
Dividend Per Share, 2 Yr. CAGR %	18.5	-	13.48	19.44	16.32
Gross Loans, 2 Yr. CAGR %	3.56	5.07	6.85	0.66	2.2
Net Loans, 2 Yr. CAGR %	3.56	5.07	6.85	0.66	2.2
Non Performing Loans, 2 Yr. CAGR %	-	-	-	-	-
Non Performing Assets, 2 Yr. CAGR %	-	-	-	-	-
Total Assets, 2 Yr. CAGR %	2.74	7.11	5.33	4.67	6.52
Total Deposits, 2 Yr CAGR %	5.89	9.58	5.98	-2.8	1.31
Tangible Book Value, 2 Yr. CAGR %	7.37	5.38	1.26	1.53	-2.06
Common Equity, 2 Yr. CAGR %	5.96	5.05	1.41	2.37	-0.62
Total Equity, 2 Yr. CAGR %	5.9	5.05	1.47	2.27	-1.01
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	1.68	2.2	7.25	11.01	7.89
Non Interest Income, 3 Yr. CAGR %	5.19	5.85	11.92	9.28	13.36
Provision For Loan Losses, 3 Yr. CAGR %	8.1	-0.9	-16.42	-2.33	4.5
Total Revenues, 3 Yr. CAGR %	2.57	3.99	12.8	11.54	10.56
Earnings From Cont. Operations, 3 Yr. CAGR %	-2.3	3.26	19.64	16.41	13.53
Net Income, 3 Yr. CAGR %	-2.22	3.29	19.59	16.39	13.61
Normalized Net Income, 3 Yr. CAGR %	0.01	2.72	17.55	14.3	15.3
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.73	4.74	20.59	18.05	14.71
Dividend Per Share, 3 Yr. CAGR %	11.98	16.86	-	17.48	15.31
Gross Loans, 3 Yr. CAGR %	6.77	5.09	4.33	4.43	2
Net Loans, 3 Yr. CAGR %	6.77	5.09	4.33	4.43	2
Non Performing Loans, 3 Yr. CAGR %	-	-	-	-	-
Non Performing Assets, 3 Yr. CAGR %	-	-	-	-	-
Total Assets, 3 Yr. CAGR %	4.54	5	5.09	6.3	4.7
Total Deposits, 3 Yr CAGR %	10.09	9.03	5.26	2.99	-0.1
Tangible Book Value, 3 Yr. CAGR %	4.87	3.27	6.03	-0.51	0.98
Common Equity, 3 Yr. CAGR %	4.52	2.77	5.49	0.43	1.66
Total Equity, 3 Yr. CAGR %	4.48	2.78	5.48	0.42	1.38
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	3.54	3.48	5.4	6.67	5.77
Non Interest Income, 5 Yr. CAGR %	17.72	10.74	6.02	9.95	11.42
Provision For Loan Losses, 5 Yr. CAGR %	-7.89	-6.53	2.1	3.29	-10.16
Total Revenues, 5 Yr. CAGR %	11.49	7.61	5.96	8.33	10.43
Earnings From Cont. Operations, 5 Yr. CAGR %	5.9	4.15	3.48	9.09	17.22
Net Income, 5 Yr. CAGR %	5.96	3.87	3.51	9.12	17.24
Normalized Net Income, 5 Yr. CAGR %	8.25	10.36	6.05	9.72	14.4
Diluted EPS Before Extra, 5 Yr. CAGR %	5.85	4.42	4.31	10.23	18.76
Dividend Per Share, 5 Yr. CAGR %	19.57	15.18	12.58	17.88	-
Gross Loans, 5 Yr. CAGR %	7.31	6.99	6.27	3.55	3.48
Net Loans, 5 Yr. CAGR %	7.31	6.99	6.27	3.55	3.48
Non Performing Loans, 5 Yr. CAGR %	-1.63	-5.34	-	-	-
Non Performing Assets, 5 Yr. CAGR %	-1.55	-5.28	-	-	-
Total Assets, 5 Yr. CAGR %	3.42	5.15	4.85	4.87	5.66
Total Deposits, 5 Yr CAGR %	5.11	4.39	8.42	4.14	3.67
Tangible Book Value, 5 Yr. CAGR %	4.15	2.77	3.41	2.57	2.72
Common Equity, 5 Yr. CAGR %	4.51	3.17	3.27	2.61	3
Total Equity, 5 Yr. CAGR %	4.47	3.18	3.27	2.58	2.83