BFF Bank (BFF) Q4 2025 earnings summary

Executive summary

• Adjusted Net Profit increased 6% year-over-year, reflecting strong balance sheet management, growth across diversified businesses, and decisive de-risking actions.

• New General Manager appointed to lead the next strategic cycle and deliver 2026 financial targets.

• No 2025 dividend will be proposed to reinforce de-risking and support future value creation.

• New Strategic Plan to be presented in the second half of 2026.

Financial highlights

• Adjusted Net Profit: €151.7m, up 6% YoY; Adjusted ROE at 23%; CET1 ratio at 14.1%, with c. 300bps organic capital generation YoY.

• Net revenues rose 1% YoY to €405.3m; operating expenses increased slightly due to investments and inflation.

• Transaction Services deposits grew 15% YoY to €6.6bn; loan-to-deposit ratio maintained at 75%.

• Total assets at year-end: €12.3bn, up 1% YoY; loan book flat at €5.8bn; volumes up 5% YoY.

• Cost-income ratio stable at 48%.

Outlook and guidance

• 2026 financial targets revised: Adjusted Net Income c. €160m (from €240m), EPS c. €0.8 (from €1.3), Cost/Income ratio <50% (from <40%), ROTE c. 24% (from >40%).

• Medium-term targets and a new Strategic Plan will be presented in 2H26.

• 2026 guidance incorporates conservative assumptions, including ongoing but reduced provisioning.

• Business outlook for 2025 remains solid, with no significant client impact from recent announcements.