BFF Bank S.p.A. (BFFBF) Q1 2026 Earnings Call Transcript

Operator

Good afternoon, and welcome to the BFF Banking Group First Quarter 2026 Earnings Call. [Operator Instructions] Please note this event is being recorded. I would like to turn the conference over to Caterina Della Mora, Head of Investor Relations; and Giuseppe Sica, Group CEO. Please go ahead.

Caterina Mora
Director of Group Investor Relations, Strategy and M&A

Good afternoon, and thank you for joining BFF’s First Quarter 2026 Financial Results Call. We will start with a presentation by our CEO, Giuseppe Sica, followed by Q&A. [Operator Instructions] Let me hand over now to Giuseppe Sica.

Giuseppe Sica
GM, CEO, CFO & VP of Finance and Administration Department

Thank you, Caterina, and thank you, everyone, for joining this call. Before we dive into the presentation, some of you may have already noticed that we have introduced some new formats and slides. This allows us to better illustrate the diversified nature of our group and to focus on the key drivers of our performance. You can still find for this quarter all the other details in the appendix.

Today, we are announcing what are good results in what remains a complex environment. Our profitability improved with adjusted net income significantly up year-on-year. This result is underpinned by the performance of our Payments and Security Services business, as well as factoring and lending, where we are focused on the profitability of our volumes.