Fineco ha closed 2024 with results da record, marking an impressive growth both in revenues (+6,4%) than in the to evaluate (+7,1%), with a further step forward in the collection of new ones clients. A real leap forward for the bank, which saw theInvesting as the main driver of growth. In addition, the bank has proposed a dividend of 0,74 euro per share, up 7% from 0,69 euros in 2023.
Il title, which started in negative territory, is now gaining 0,85% at Business Square.
Fineco's 2024 accounts
In 2024, Fineco recorded revenues e net profits at historic highs, respectively 1,316 billion (+6,4%) and 652,3 million euros (+7,1% compared to 2023). Revenues were supported above all by the area Investing, which marked an increase of 11,7%, thanks to the volume effect and the contribution of Fineco Asset Management. Even the Brokerage saw a slight growth (+1%), while the financial leeway rose 3,4%.
However, this growth is mainly attributable to the investments needed to support the expansion of the business and to further strengthen the market position. cost/income ratio remained at 25,2%. On the equity side, the CET1 stood at 25,9%, the LR at 5,22% and theLCR1 al 909%.
In fourth quarter, the bank got revenues for 332,4 million euros (+2% compared to the previous quarter) and a Net income of 162,3 million, higher than the 154,9 million of the same period of the previous year, but lower than the 169,7 million of the third quarter of 2023.
Managed savings and collection
La collection of managed savings was particularly strong: total assets rose to 140,8 billion, up 14,9%, with a clear prevalence of collection administered (+23,9%) and a good performance in the saving managed (+14,4%). There collection net stood at 10,1 billion (+14,7%), with a significant return of savings managed in flows (+53,8%). However, the direct collection saw a contraction, falling to 1,2 billion (-2,1 billion compared to 2023).
On the acquisition front clients, Fineco registered 152.357 new customers in 2024, an increase of 27,8%, which brought the total to 1,66 million.
The predictions for 2025
January 2025 saw a good start for Fineco, with net collections of 887 million (+53%), of which 221 million in assets under management and the acquisition of 18.781 new customers (+32%).
For 2025, the Forecasts indicate continued growth in the Investing sector, but with a moderate increase in bank fees due to new regulations on instant payments. A slight decline in bank fees is also expected, while brokerage profit should remain stable thanks to the expansion of active customers. Fineco aims to maintain a payout between 70% and 80% and to continue the growth in collections, with a high-quality managed and direct savings component.
Foti (Fineco CEO) looks confidently to 2025
“The bank's robust growth during 2024 is further confirmation of its ability to adapt perfectly to the new scenario – commented the CEO and DG Alessandro foti –. Results that confirm on the one hand the strengthening of managed savings, on the other the ever-increasing interest from customers towards interacting with the markets through our platform. Added to this is the contribution of Fineco Asset Management which also accelerated growth in 2024 with a wide range of investment solutions developed internally, which allow gradual exposure to the stock markets and the real economy. All this makes us look with confidence to 2025”.
