Banca Mediolanum S.p.A. (BIT: BMED)

Banca Mediolanum Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,502	1,332	552.93	406.3	392.3	368.2
Interest Income on Investments	44.12	28.34	25.42	22.66	4.6	5.13
Total Interest Income	1,546	1,360	578.35	428.96	396.9	373.33
Interest Paid on Deposits	611.33	505.77	78.49	53.76	73.25	63.01
Net Interest Income	934.65	854.33	499.86	375.21	323.64	310.32
Net Interest Income Growth (YoY)	18.86%	70.91%	33.22%	15.93%	4.29%	30.31%
Income From Trading Activities	25.42	37.16	-15.18	62.51	6.35	8.18
Gain (Loss) on Sale of Assets	-0.01	-0.01	-0.01	-	0.02	0.01
Gain (Loss) on Sale of Investments	2,862	1,849	-2,800	2,006	63.66	1,977
Other Non-Interest Income	-1,695	-837.84	3,715	-817.51	843.99	-806.73
Total Non-Interest Income	1,192	1,049	900.22	1,251	914.04	1,179
Non-Interest Income Growth (YoY)	24.71%	16.50%	-28.05%	36.88%	-22.46%	54.41%
Revenues Before Loan Losses	2,127	1,903	1,400	1,626	1,238	1,489
Provision for Loan Losses	35.61	33.14	22.6	27.08	22.77	19.8
Revenue	2,091	1,870	1,377	1,599	1,215	1,469
Revenue Growth (YoY)	22.14%	35.75%	-13.87%	31.64%	-17.31%	48.93%
Salaries and Employee Benefits	318.1	286.4	267.29	257.72	232.45	223.86
Occupancy Expenses	17.68	16.72	33.66	17.78	17.79	32.9
Amortization of Goodwill & Intangibles	37.51	39.88	33.54	-	-	28.74
Selling, General & Administrative	443.19	413.82	370.71	355.31	329.72	318.15
Other Non-Interest Expense	42.8	24.31	8.39	46.89	74.38	52.43
Total Non-Interest Expense	859.28	781.11	713.59	677.7	654.34	731.18
EBT Excluding Unusual Items	1,232	1,089	663.89	921.59	560.58	738.1
Asset Writedown	-10.05	-10.05	-	-31.12	-28.33	-
Legal Settlements	-1.41	-1.41	-2.29	-	-0.83	1.01
Other Unusual Items	-10.21	-10.21	-10.47	-	-	-0.12
Pretax Income	1,210	1,067	643.84	890.47	531.42	738.99
Income Tax Expense	285.98	245.32	137.01	177.41	96.96	173.56
Earnings From Continuing Operations	924.04	821.85	506.83	713.06	434.46	565.43
Earnings From Discontinued Operations	-	0.02	-	-	-	-
Net Income	924.04	821.87	506.83	713.06	434.46	565.43
Net Income to Common	924.04	821.87	506.83	713.06	434.46	565.43
Net Income Growth	31.65%	62.16%	-28.92%	64.12%	-23.16%	121.12%
Basic Shares Outstanding	740	740	737	736	734	733
Diluted Shares Outstanding	746	744	744	739	738	737
Shares Change (YoY)	0.27%	-0.06%	0.72%	0.16%	0.09%	0.01%
EPS (Basic)	1.25	1.11	0.69	0.97	0.59	0.77
EPS (Diluted)	1.24	1.11	0.69	0.96	0.59	0.77
EPS Growth	31.09%	61.72%	-28.81%	63.84%	-23.21%	121.04%
Dividend Per Share	0.790	0.700	0.500	0.460	0.780	0.210
Dividend Growth	46.30%	40.00%	8.70%	-41.03%	271.43%	-47.50%
Effective Tax Rate	23.63%	22.99%	21.28%	19.92%	18.25%	23.49%

Source: S&P Capital IQ. Banks template. Financial Sources.