- Net profit in 2024 up at 162 million euros. In the three-year period 2022-24, cumulative net profit rises to 463 million euros, +12% higher than the objectives of the Industrial Plan.
- For the entire 2024, a total dividend distribution of 111.5 million euros is expected, equal to 2.12 euros per share, bringing the cumulative dividend in the three-year period 2022-24 to 295 million euros, 47% higher than the objectives of the Industrial Plan.
Milan, 6th March 2025 – The Board of Directors of Banca Ifis, which met today, chaired by Ernesto Fürstenberg Fassio, has approved the Draft Financial Statements and Consolidated Financial Statements for 2024, confirming the preliminary results as at 31st December 2024, already approved by the Board and disclosed to the market last 10th February 2025.
Banca Ifis’ 2024 financial year ended with a consolidated net profit growing to 162 million euros, bringing cumulative profits for the three-year period 2022-24 to 463 million euros, or 12% higher than the targets set in the Industrial Plan. For the whole of 2024, the Bank therefore plans to distribute a dividend of 111.5 million euros, equal to 2.12 euros per outstanding share, in line with the dividend policy approved in 2023. This figure brings the cumulative dividend for the three-year period 2022-24 to 295 million euros, up 47% compared to the targets set in the Industrial Plan.
The same Shareholders’ Meeting will also be called upon to resolve on the proposal formulated by the Board of Directors to distribute a balance on the dividend for FY 2024 of approximately 48,4 million Euro[1], equal to 0,92 Euro (gross of withholding taxes) for each of the Banca Ifis shares issued and outstanding. This 2024 dividend balance, if approved by the Shareholders’ Meeting, will be paid with ex-dividend date 19th May 2025, record date of 20th May 2025 and payment date of 21st May 2025. It is recalled that on the presentation of the results for the first 9 months of 2024, the Bank had resolved to distribute an interim dividend for 2024 in the amount of 63,1 million Euro, i.e. 1.20 Euro per outstanding share, gross of any withholding taxes. For the full year 2024, the Bank plans to distribute 111.5 million Euro in dividends, equivalent to 2.12 Euro per outstanding share, consistent with the dividend policy approved in 2023.
The Financial Statements as of 31st December 2024 will be submitted for approval at the Ordinary Shareholders’ Meeting scheduled for 17th April 2025. For details refer to the press release of the preliminary results available in the Media section of the official website https://www.bancaifis.it/.
The call notice and the documents relating to the items on the agenda of the Shareholders’ Meeting will be published in the manner and within the time limits provided for by the regulations in force.
[1] Amount determined in consideration of the number of shares outstanding at the date of publication of this press release.
