Banca Ifis (LTS:0NBX)
€ 23.05 0.24 (1.05%) Market Cap: 1.21 Bil Enterprise Value: 3.72 Bil PE Ratio: 7.47 PB Ratio: 0.71 GF Score: 66/100
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Q2 2024 Banca IFIS SpA Earnings Call Transcript

Aug 02, 2024 / 12:00PM GMT
Release Date Price: €20.07 (-4.54%)
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Banca IFIS first half 2024 results conference call. (Operator Instructions) At this time, I would like to turn the conference over to Mr. Frederik Geertman, Chief Executive Officer. Please go ahead, sir.

Frederik Geertman
Banca IFIS SpA - Chief Executive Officer, Executive Director

Thank you, madam, and good afternoon, everybody. Welcome to our second quarter conference call. We present a very encouraging set of results this afternoon. I would take you straight to the presentation, briefly go through it and then, as usual, open up for Q&A.

I'm on page 4 of the presentation.

And what we deliver in Q2 is a net income of EUR46 million. That's a 3% increase year-on-year. First half net income, EUR94 million. That comes on the back of very resilient revenues in all divisions. And we are happy to say and to record that the bank seems to be able to deliver fully on offsetting the cost of funding increase and even increasing its financial

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