May 10, 2024 06:25 GMT
Mediobanca: Third Quarter Results
FINANCIALS
Mediobanca (BACRED: Baa1/BBB) 3Q Results
Mediobanca slightly beat estimates with Net Income of 334.9 +7.8% ahead of 310.7 consensus.
- CET1 15.2% better than 14.9% expected.
- Total Capital 17.8%
- NPL Ratio 2.5%
- RWA in-line at EUR 48.7bn
- Net Interest Income EUR 495.9m
- Loan Loss Provision 62.8m vs 76.01 estimate
CEO Alberto Nagel highlights the “ excellent results in terms of value creation and capital efficiency”. Overall a decent set of results.
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