FinecoBank Banca Fineco (FBK) Q3 2026 earnings summary

Executive summary

• 9M26 revenue rose 12.0% to €1,085.9m and adjusted net profit increased 10.6% to €531.5m; all three revenue engines grew at double-digit rates.

• Commercial momentum strengthened: net sales reached €13.1bn (+39.0%) and new clients totaled 184,225 (+27.3%); October brought 25,810 new clients (+34%).

• 3Q26 revenue increased 14.4% YoY to €372.1m and continuing net profit rose 15.6% to €188.1m.

Financial highlights

• 9M26 net financial income rose 10.3% to €520.3m; net non-financial income increased 13.5% to €565.7m.

• Gross operating profit rose 13.1% to €803.0m and profit before tax increased 13.2% to €785.6m.

• Operating costs rose 8.8% to €282.8m, or 5.2% excluding costs related to business growth; adjusted cost/income ratio fell 0.8pp to 26.0%.

• Reported 9M26 net profit was €528.5m (+10.0%), including a €3.0m after-tax non-recurring charge; adjusted net profit was €531.5m (+10.6%).

Outlook and guidance

• 2026 revenue growth is expected across business lines, with record Brokerage revenues, net sales and new-client acquisition; operating costs are guided to grow ~5% excluding ~€15m in growth initiatives and ~€1m for pan-EU setup.

• 2026 cost/income guidance is 26–27%, cost of risk 5–10bps and payout ratio 70–80%; leverage ratio target remains above 4.5%.

• 2027 outlook calls for revenue growth across every line, materially improving operating costs and a lower cost/income ratio, with continued commercial momentum.

• The 2029 Multi Year Plan update is scheduled for February 10, 2027; priorities include commercial growth, monetizing AUM/AUC and AI-enabled operating leverage.