Cash flow BPER Banca S.p.A.

Equities

BPE

IT0000066123

Banks

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-09-16 EDT			5-day change	1st Jan Change
4.869 ^EUR	0.00%		+0.91%	+60.91%

09-06	Lists in the red; A2A does best on the Mib	AN
09-04	Funds operate on BPER, DiaSorin, Italgas and Saipem.	AN

03af5d534c371f239e40b231a047.u_YcZai6UlBu7U4cSCOnao0QEoRPzVC4XmdaQUHlGIk.0plxUfnYPBwMgn4lfRCXIeEgffA_lTfiB1ZsIAiPVcOOsE4Qz-o8OAG-Dw

Published financial data: BPER BANCA S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	1.42B	1.43B	1.76B	2.26B	4.76B
Interest Income On Investments	14.1M	18.49M	20.08M	22.12M	30.88M
Interest Income, Total	1.43B	1.45B	1.78B	2.28B	4.79B
Interest On Deposits	255M	192M	257M	434M	1.51B
Interest Expense, Total	255M	192M	257M	434M	1.51B
Net Interest Income	1.18B	1.26B	1.53B	1.85B	3.28B
Income From Trading Activities	180K	-14.22M	67.49M	78.25M	152M
Gain (Loss) on Sale of Loans	38.71M	131M	85.71M	65.73M	59.08M
Gain (Loss) on Sale of Assets	-	-	-	316M	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	77.08M	22.72M	48.43M	12.72M	-109M
Total Other Non Interest Income	927M	1.07B	1.64B	1.92B	2.01B
Non Interest Income, Total	1.04B	1.21B	1.84B	2.39B	2.11B
Revenues Before Provison For Loan Losses	2.22B	2.47B	3.36B	4.24B	5.4B
Provision For Loan Losses	448M	542M	837M	606M	436M
Total Revenues	1.77B	1.92B	2.53B	3.64B	4.96B
Salaries And Other Employee Benefits	913M	961M	1.31B	1.48B	1.68B
Amort. of Goodwill & Intang. Assets	54.58M	59.7M	73.73M	71.69M	97.08M
Occupancy Expense	115M	106M	139M	145M	166M
Selling General & Admin Expenses, Total	480M	575M	800M	1.09B	975M
(Income) Loss on Equity Invest.	-7.21M	2.94M	-10.8M	-19.14M	-46.27M
Total Other Non Interest Expense	-39.56M	-12.67M	28.66M	88.47M	-59.31M
Non Interest Expense, Total	1.52B	1.69B	2.34B	2.85B	2.81B
EBT, Excl. Unusual Items	259M	232M	182M	783M	2.15B
Restructuring Charges	-	-	-210M	-190M	-294M
Total Merger & Related Restructuring Charges	-	-	-	-55M	-
Impairment of Goodwill	-	-	-230M	-	-34.37M
Asset Writedown	-15.52M	-12.35M	-132M	-41.08M	-47.83M
Legal Settlements	-11.39M	-14.41M	-34.09M	-53.5M	-46.17M
Other Unusual Items	185M	-1.6M	1.12B	945M	3K
EBT, Incl. Unusual Items	417M	204M	693M	1.39B	1.72B
Income Tax Expense	22.45M	-67.04M	134M	-85.78M	173M
Earnings From Continuing Operations	394M	271M	559M	1.47B	1.55B
Net Income to Company	394M	271M	559M	1.47B	1.55B
Minority Interest	-14.87M	-25.02M	-33.53M	-24.9M	-32.27M
Net Income - (IS)	380M	246M	525M	1.45B	1.52B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	380M	246M	525M	1.45B	1.52B
Net Income to Common Excl. Extra Items	380M	246M	525M	1.45B	1.52B
Per Share Items
Net EPS - Basic	0.77	0.36	0.37	1.03	1.07
Basic EPS - Continuing Operations	0.77	0.36	0.37	1.03	1.07
Basic Weighted Average Shares Outstanding	496M	679M	1.41B	1.41B	1.41B
Net EPS - Diluted	0.74	0.34	0.36	1	1.05
Diluted EPS - Continuing Operations	0.74	0.34	0.36	1	1.05
Diluted Weighted Average Shares Outstanding	511M	715M	1.45B	1.45B	1.45B
Normalized Basic EPS	0.3	0.18	0.06	0.33	0.93
Normalized Diluted EPS	0.29	0.17	0.06	0.32	0.9
Dividend Per Share	0.04	0.04	0.06	0.12	0.3
Payout Ratio	16.47	-	10.76	5.84	11.17
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
Effective Tax Rate - (Ratio)	5.38	-32.93	19.37	-6.18	10.02
Current Domestic Taxes	-	-20.95M	-40.13M	-	-
Total Current Taxes	24.75M	-20.95M	-40.13M	-122M	-294M
Deferred Domestic Taxes	-	-46.1M	174M	-	-
Total Deferred Taxes	-2.3M	-46.1M	174M	36.01M	467M
Normalized Net Income	147M	120M	80.34M	465M	1.31B
Non-Cash Pension Expense	2.44M	-	-	-	-
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	836K	-356K	4.81M	587K	6.16M
Total Stock-Based Compensation	836K	-356K	4.81M	587K	6.16M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	567M	482M	1.31B	14B	10.09B
Investment Securities, Total	11.07B	12.1B	14.05B	16.28B	15.15B
Trading Asset Securities, Total	516M	449M	678M	2.86B	2.09B
Total investments	11.59B	12.55B	14.72B	19.14B	17.24B
Gross Loans	64.28B	69.33B	96.76B	109B	104B
Allowance For Loan Losses	-3.29B	-2.4B	-2.11B	-1.88B	-1.52B
Net Loans	60.99B	66.93B	94.65B	107B	102B
Gross Property Plant And Equipment	2.15B	2.23B	2.59B	3.21B	3.11B
Accumulated Depreciation	-1.06B	-1.14B	-946M	-1.12B	-1.15B
Net Property Plant And Equipment	1.1B	1.09B	1.65B	2.09B	1.96B
Goodwill	435M	435M	204M	204M	170M
Other Intangibles, Total	235M	268M	255M	359M	479M
Investment in Real Estate	272M	258M	298M	452M	494M
Accrued Interest Receivable	12.7M	14.52M	11.38M	18.55M	18.44M
Other Receivables	820M	717M	900M	3.74B	5.99B
Restricted Cash	1.07B	8.35B	20.31B	1.35B	1.04B
Other Current Assets, Total	246M	247M	200M	1.53B	303M
Deferred Tax Assets Long-Term (Collected)	1.56B	1.59B	1.37B	2.35B	1.83B
Deferred Charges Long-Term	11.12M	8.44M	14.67M	14.46M	13.28M
Other Long-Term Assets, Total	128M	109M	452M	279M	455M
Total Assets	79.03B	93.05B	136B	152B	142B
Liabilities
Accounts Payable, Total	229M	247M	290M	445M	394M
Accrued Expenses, Total	315M	264M	541M	809M	986M
Interest Bearing Deposits	2.02B	1.06B	1.19B	2.7B	4.54B
Non-Interest Bearing Deposits	47.75B	55.17B	92.05B	103B	94.75B
Total Deposits	49.78B	56.23B	93.25B	106B	99.29B
Short-Term Borrowings	2.77B	3.52B	6.53B	4.32B	6.64B
Current Portion of Leases	63.48M	54.31M	67.31M	80.43M	70.5M
Long-Term Debt	17.96B	23.85B	25.17B	27.3B	20.73B
Long-Term Leases	243M	203M	263M	289M	258M
Current Income Taxes Payable	5.4M	4.8M	9.6M	8.17M	10.64M
Other Current Liabilities - (Bank / Utility Template)	808M	846M	1.4B	1.8B	412M
Pension & Other Post Retirement Benefits	355M	298M	352M	295M	272M
Deferred Tax Liability Non-Current	70.33M	69.95M	58.9M	63.39M	56.77M
Other Non Current Liabilities	1.15B	1.13B	1.56B	3.18B	3.44B
Total Liabilities	73.74B	86.72B	129B	144B	133B
Common Stock, Total	1.56B	2.1B	2.1B	2.1B	2.1B
Additional Paid In Capital	1B	1.24B	1.24B	1.24B	1.24B
Retained Earnings	1.82B	2.02B	2.44B	3.79B	5.06B
Treasury Stock	-7.26M	-7.26M	-9.55M	-5.68M	-2.25M
Comprehensive Income and Other	787M	846M	925M	819M	972M
Total Common Equity	5.16B	6.2B	6.7B	7.94B	9.37B
Minority Interest	132M	134M	162M	180M	199M
Total Equity	5.29B	6.33B	6.86B	8.12B	9.57B
Total Liabilities And Equity	79.03B	93.05B	136B	152B	142B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	520M	1.41B	1.41B	1.41B	1.42B
ECS Total Common Shares Outstanding	520M	1.41B	1.41B	1.41B	1.42B
Book Value / Share	9.92	4.39	4.75	5.61	6.62
Tangible Book Value	4.49B	5.49B	6.24B	7.38B	8.72B
Tangible Book Value Per Share	8.63	3.89	4.42	5.22	6.16
Total Debt	21.03B	27.63B	32.03B	31.99B	27.7B
Debt Equivalent of Unfunded Proj. Benefit Obligation	191M	-	-	-	-
Net Debt	19.23B	26.49B	29.51B	14.54B	15.14B
Equity Method Investments, Total	226M	212M	221M	344M	412M
Full Time Employees	13.8K	13.18K	18.13K	21.06K	20.22K
Number Of Offices	1.35K	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	380M	246M	525M	1.45B	1.52B
Depreciation, Depletion & Amortization	119M	110M	138M	148M	156M
Amortization of Goodwill and Intangible Assets - (CF)	54.58M	59.7M	9M	8.83M	25.32M
Total Depreciation, Depletion & Amortization	173M	170M	147M	157M	182M
Amortization of Deferred Charges, Total	-	-	64.74M	62.86M	71.76M
(Gain) Loss on Sale of Investments - (CF)	-33.47M	-32.44M	-63.92M	16.91M	-161M
Total Asset Writedown	15.52M	12.56M	132M	36.68M	61.75M
Provision for Credit Losses	577M	665M	1.15B	751M	531M
Change in Trading Asset Securities	2.57B	465M	-330M	548M	1.58B
Change in Other Net Operating Assets (Collected)	-3.17B	-2.15B	294M	10.38B	-8.11B
Other Operating Activities	-128M	-14.06M	-659M	-607M	898M
Cash from Operations	378M	-635M	1.26B	12.79B	-3.42B
Capital Expenditure	-86.64M	-143M	-149M	-164M	-156M
Sale of Property, Plant, and Equipment	6.23M	20.62M	25.05M	41.56M	71.28M
Cash Acquisitions	-227M	-	-520M	279M	-
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-75.39M	-92.58M	-97.39M	-171M	-226M
Investment in Marketable and Equity Securities, Total	6.71M	-7.96M	-1.6M	-3.28M	-3.84M
Cash from Investing	-376M	-223M	-743M	-17.07M	-314M
Issuance of Common Stock	180M	776M	-	5.77M	2.68M
Repurchase of Common Stock	-	-	-3.06M	-	-
Common Dividends Paid	-62.51M	-	-56.51M	-84.67M	-170M
Common & Preferred Stock Dividends Paid	-62.51M	-	-56.51M	-84.67M	-170M
Net Increase (Decrease) in Deposit Accounts - (CF)	-	-	-	-	-
Other Financing Activities, Total	-11.98M	-3.22M	-4.56M	-6.61M	-11.34M
Cash from Financing	106M	773M	-64.13M	-85.5M	-178M
Foreign Exchange Rate Adjustments	-237K	419K	-463K	-265K	149K
Net Change in Cash	107M	-84.73M	457M	12.69B	-3.91B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.53	0.31	0.49	1.02	1.05
Return On Equity %	7.74	4.66	8.47	19.68	17.55
Return on Common Equity	7.95	4.33	8.14	19.8	17.56
Shareholders Value Added	-139M	-376M	-108M	733M	690M
Margin Analysis
SG&A Margin	80.99	81.31	84.5	71.11	54.58
Net Interest Income / Total Revenues %	66.42	65.34	60.38	50.83	66.17
EBT Excl. Non-Recurring Items Margin %	14.6	12.06	7.21	21.55	43.29
Income From Continuing Operations Margin %	22.23	14.07	22.11	40.54	31.28
Net Income Margin %	21.39	12.77	20.78	39.86	30.63
Net Avail. For Common Margin %	21.39	12.77	20.78	39.86	30.63
Normalized Net Income Margin	8.29	6.23	3.18	12.78	26.41
Asset quality
Nonperforming Loans / Total Loans %	9.52	-	-	-	-
Nonperforming Loans / Total Assets %	7.75	-	-	-	-
Nonperforming Assets / Total Assets %	7.75	-	-	-	-
NPAs / Loans and OREO	9.52	-	-	-	-
NPAs / Equity	115.7	-	-	-	-
Allowance for Credit Losses / Nonperforming Loans %	53.72	-	-	-	-
Allowance for Credit Losses / Total Loans %	5.12	3.46	2.18	1.73	1.47
Capital And Funding
Total Average Common Equity / Total Average Assets %	6.38	6.6	5.62	5.07	5.88
Total Average Equity / Total Average Assets %	6.81	6.75	5.75	5.19	6.01
Total Equity + Allowance for Loan Losses / Total Loans %	13.14	12.4	9.1	9.04	10.51
Gross Loans / Total Deposits %	129.14	123.3	103.77	102.9	104.31
Net Loans / Total Deposits %	122.54	119.03	101.51	101.12	102.78
Tier 1 Capital Ratio %	14.35	-	-	-	-
Total Capital Ratio %	16.82	-	-	-	-
Core Tier 1 Capital Ratio	13.91	-	-	-	-
Tier 2 Capital Ratio	2.47	-	-	-	-
Coverage Ratio	53.72	-	-	-	-
Interbank Ratio	139.88	179.98	141	143	199.63
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	2.63	2.06	3.69	4.2	2.14
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	1.89	6.68	21.32	21.15	77.63
Non Interest Income, 1 Yr. Growth %	18.73	15.85	52.19	30.21	-11.39
Provision For Loan Losses, 1 Yr. Growth %	98.23	21.08	54.5	-27.61	-28.02
Total Revenues, 1 Yr. Growth %	-1.95	8.44	31.36	43.9	36.74
Earnings From Cont. Operations, 1 Yr. Growth %	-11.52	-31.38	113.28	163.83	5.28
Net Income, 1 Yr. Growth %	-5.57	-35.28	121.64	175.93	4.87
Normalized Net Income, 1 Yr. Growth %	-37.42	211.41	-32.28	-566.88	339.43
Diluted EPS Before Extra, 1 Yr. Growth %	-11.12	-54.34	10.98	175.05	4.96
Dividend Per Share, 1 Yr. Growth %