FinecoBank S.p.A. (BIT:FBK) on Wednesday outlined new financial targets, forecasting a low double-digit compound annual growth rate in earnings per share between 2025 and 2029, excluding the contribution from potential international expansion.
The Italian banking group also expects total client numbers and net sales to grow at a similar pace over the same period. At the same time, it plans to keep its cost-to-income ratio below 30% while maintaining its current dividend distribution policy.
The projected EPS growth rate is above market expectations, which currently anticipate around 9% annual growth during the period. FinecoBank said key drivers behind the plan include the increasing use of artificial intelligence, the continued expansion of exchange-traded fund offerings and the development of international operations.
The bank confirmed it will maintain a dividend payout ratio between 70% and 80% throughout the strategy period. It also set a leverage ratio target above 4.5%.
Operating expenses are expected to rise by roughly 6% year-on-year in 2026 before gradually slowing to about 4% annual growth by 2029. Additional costs related to strategic growth initiatives are estimated at about $10.8 million in 2026, declining to roughly $5.4 million per year between 2027 and 2029.
FinecoBank also plans to allocate around $5.4 million in 2026 to support the initial setup of its international expansion strategy, with further annual spending of between $5.4 million and $10.8 million in the following years. These investments are already reflected in the EPS projections, while any revenue contribution from international markets has not yet been included.
The company said it plans to begin expanding into additional markets using its scalable platform starting in late 2026 or early 2027.
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