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Italian bank Mediobanca rejects takeover bid by domestic rival Monte dei Paschi
Tue 28 Jan 25, 08:02 PMMediobanca rejects Monte dei Paschi buyout bid, saying it is "devoid" of rationale
Tue 28 Jan 25, 03:21 PMBid discount indicates scepticism over MPS bid for Italian rival Mediobanca
Mon 27 Jan 25, 08:17 AMItalian lender Monte dei Paschi launches 13-billion-euro takeover bid for peer Mediobanca
Fri 24 Jan 25, 09:17 AMBailed-out MPS bids for Mediobanca as Italian banking drama escalates
Fri 24 Jan 25, 06:06 AMBanco BPM, Anima Buy Into Banca Monte Dei Paschi as Italian State Cuts Stake
Thu 14 Nov 24, 08:24 AMItaly brings on board Banco BPM in $1.2 billion Monte dei Paschi stake sale
Wed 13 Nov 24, 05:07 PM| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 1359.61M | 1464.54M | 1701.70M | -631.46800M | 258.16M |
| Minority interest | -0.70000M | 0.20M | 0.20M | 0.15M | 0.20M |
| Net income | 3036.30M | 1950.78M | 2051.78M | -204.70000M | 309.51M |
| Selling general administrative | 454.89M | 336.96M | 419.33M | 567.12M | 541.49M |
| Selling and marketing expenses | 12.48M | 2.98M | 6.22M | 3.14M | 3.46M |
| Gross profit | 4108.56M | 4200.44M | 3937.56M | 3287.50M | 3183.81M |
| Reconciled depreciation | 187.40M | 171.30M | 175.70M | 192.76M | 179.90M |
| Ebit | 2075.90M | 1464.54M | 1701.70M | -631.32000M | 258.34M |
| Ebitda | 2263.30M | 1661.25M | 1930.48M | -438.55900M | 463.63M |
| Depreciation and amortization | 187.40M | 196.71M | 228.78M | 192.76M | 205.29M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 1588.01M | 1464.54M | 1701.70M | -631.32000M | 258.34M |
| Other operating expenses | 5649.73M | 5093.09M | 4305.27M | 3458.46M | 2726.28M |
| Interest expense | 2084.14M | 2357.20M | 2069.42M | 614.49M | 680.34M |
| Tax provision | -961.10000M | -506.10000M | -345.10000M | -426.62000M | -49.50000M |
| Interest income | 2654.40M | 2355.80M | 2292.10M | 2149.72M | 1221.50M |
| Net interest income | 2654.40M | 2355.80M | 2292.10M | 1535.24M | 1221.50M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | -1123.54100M | -508.10000M | -345.57600M | -426.62000M | -51.16700M |
| Total revenue | 7009.35M | 6557.64M | 6006.98M | 3287.50M | 3183.81M |
| Total operating expenses | 2748.95M | 2735.89M | 2235.85M | 3458.46M | 2726.28M |
| Cost of revenue | 2900.78M | 2357.20M | 2069.42M | - | - |
| Total other income expense net | - | -221.45200M | 222.81M | -0.14800M | -0.17600M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 3037.00M | 1950.60M | 2051.60M | -204.84800M | 312.90M |
| Net income applicable to common shares | - | - | - | -204.70000M | 309.51M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 129338.50M | 122601.75M | 122613.69M | 120172.92M | 137868.56M |
| Intangible assets | 374.87M | 148.17M | 170.32M | 154.75M | 177.33M |
| Earning assets | - | - | - | - | - |
| Other current assets | - | 560.67M | 523.28M | 1201.82M | 23259.48M |
| Total liab | 116114.60M | 110952.47M | 112634.58M | 112374.37M | 131694.56M |
| Total stockholder equity | 13223.80M | 11648.95M | 9978.46M | 7797.61M | 6172.65M |
| Deferred long term liab | - | - | - | 31.92M | 36.22M |
| Other current liab | 90043.20M | 75831.06M | -204.72400M | -197.85300M | -277.49200M |
| Common stock | 7453.50M | 7453.45M | 7453.50M | 7453.45M | 9195.01M |
| Capital stock | 7453.50M | 7453.50M | 7453.50M | 7453.45M | 9195.01M |
| Retained earnings | 2756.90M | 1950.78M | 2629.17M | -204.70000M | 309.51M |
| Other liab | - | - | - | 3275.56M | 3561.59M |
| Good will | 7.90M | 7.90M | 7.90M | 7.90M | 7.90M |
| Other assets | - | 122601.70M | -529.08900M | 82719.52M | 86141.57M |
| Cash | 15017.30M | 14400.12M | 15579.35M | 13598.20M | 23046.58M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 90071.30M | 76274.30M | 2989.61M | 197.85M | 277.49M |
| Current deferred revenue | - | - | -7953.13000M | - | - |
| Net debt | -3547.70000M | -1873.14800M | -15579.35000M | -3295.00400M | -10308.94400M |
| Short term debt | - | - | 6991.89M | - | - |
| Short long term debt | - | - | - | - | - |
| Short long term debt total | 11469.60M | 12526.97M | 10080.60M | 10303.20M | 12737.64M |
| Other stockholder equity | 3013.40M | 2244.71M | -0.04900M | 548.86M | -3331.86700M |
| Property plant equipment | - | - | - | 2072.24M | 2235.89M |
| Total current assets | 18792.50M | 14967.76M | 14846.37M | 13631.77M | 23057.32M |
| Long term investments | 22626.50M | 20526.10M | 20779.90M | 21586.75M | 25654.10M |
| Net tangible assets | - | - | - | 7634.96M | 5987.42M |
| Short term investments | - | - | -1262.07300M | - | - |
| Net receivables | 3775.20M | 6.97M | 5.81M | 33.56M | 10.73M |
| Long term debt | - | - | - | - | - |
| Inventory | - | - | -16474.01100M | - | - |
| Accounts payable | 592.32M | 191.75M | 195.62M | 197.85M | 277.49M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | 57.22M | -104.15900M | - | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 20780.20M | 34464.81M | 85956.43M | -23821.63300M | -28669.67300M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 110546.00M | 107633.99M | 108296.41M | 23821.63M | 28669.67M |
| Capital lease obligations | - | - | - | - | - |
| Long term debt total | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | 39.15M | 7.08M | 44.09M | 1.02M |
| Change to liabilities | - | - | - | 0.00000M | 0.00000M |
| Total cashflows from investing activities | 824.66M | 39.15M | 7.08M | 44.09M | -69.06700M |
| Net borrowings | - | - | - | - | - |
| Total cash from financing activities | -1179.84900M | -315.03100M | -2.72600M | 2371.26M | 42.93M |
| Change to operating activities | - | - | - | 5471.22M | -427.58000M |
| Net income | 2711.33M | 1950.62M | 2051.78M | -204.84800M | 309.33M |
| Change in cash | 1382.64M | -1067.87900M | 1778.70M | 10796.81M | -577.67500M |
| Begin period cash flow | 13249.40M | 14317.28M | 12538.58M | 1741.77M | 2319.44M |
| End period cash flow | 14632.04M | 13249.40M | 14317.28M | 12538.58M | 1741.77M |
| Total cash from operating activities | 1737.83M | -791.99900M | 1774.35M | 8381.46M | -551.53600M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 210.54M | 196.71M | 175.64M | 176.31M | 189.50M |
| Other cashflows from investing activities | -2.04700M | 69.92M | 35.48M | 107.27M | 30.37M |
| Dividends paid | 1083.44M | 315.03M | 0.10M | -0.08600M | -0.05300M |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | - | - | - | - |
| Sale purchase of stock | - | - | -2.63000M | - | - |
| Other cashflows from financing activities | - | - | -7.06500M | 2371.35M | 42.98M |
| Change to netincome | - | - | - | -220.42100M | 305.27M |
| Capital expenditures | 116.91M | 68.42M | 111.44M | 65.71M | 111.32M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -865.22500M | -2808.46600M | -2946.28000M | 8613.82M | -1371.60200M |
| Stock based compensation | - | - | - | - | - |
| Other non cash items | -318.81500M | 65.84M | 2493.21M | -27.51300M | 510.74M |
| Free cash flow | 1620.92M | -860.42300M | 1662.91M | 8315.75M | -662.85700M |
Sector: Financial Services Industry: Banks - Regional
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) |
|---|---|---|---|---|---|---|---|
| BMDPF Banca Monte dei Paschi di Siena S.p.A |
- -% | 12.37 | 5.94 | 5.50 | 8.43 | 0.99 | 12.93 |
| HDB HDFC Bank Limited ADR |
-0.07 0.28% | 25.02 | 20.81 | 20.96 | 0.11 | 4.77 | |
| CIHKY China Merchants Bank Co Ltd |
0.13 0.44% | 29.92 | 7.78 | 7.65 | 0.56 | 0.90 | 3.62 |
| DBSDF DBS Group Holdings Ltd |
-0.1 0.19% | 51.25 | 15.29 | 14.41 | 5.84 | 2.36 | 10.40 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% | 5.70 | 6.10 | 5.67 | 0.44 | 0.77 | 3.43 |
Banca Monte dei Paschi di Siena S.p.A., together with its subsidiaries, provides various banking products and services in Italy and internationally. It operates through four segments: Retail Banking, Wealth Management, Corporate Banking, and Large Corporate and Investment Banking. The company offers savings and deposit accounts, cards, advanced payment systems, insurance products, pensions, mortgages, and loans, as well as financial advisory, electronic payment, self-service customer operations, and consultancy services. It also provides asset management, financial planning, consultancy on non-financial services, and fiduciary and trust services; and credit intermediation, collaboration with trade associations, factoring offers, and third-party custody and storage services for dairy products. In addition, the company offers corporate and structured finance, medium and long-term credit, and specialized support, as well as leasing and bancassurance. It serves private customers, corporate and large group clients, and small and medium enterprises. The company was founded in 1472 and is headquartered in Siena, Italy.
Piazza Salimbeni 3, Siena, SI, Italy, 53100
| Name | Title | Year Born |
|---|---|---|
| Mr. Luigi Lovaglio | CEO, GM & Director | 1955 |
| Mr. Andrea Maffezzoni | Chief Financial Officer | NA |
| Mr. Vittorio Calvanico | Chief Operating Officer | NA |
| Mr. Giovanni Damiani | Chief Information Office | NA |
| Ms. Elisabetta Pozzi | Head of Investor Relations | NA |
| Mr. Renzo Filippo Riccardo Quagliana | Group Gen. Counsel | NA |
| Mr. Ettore Carneade | Chief Compliance Exec. | NA |
| Mr. Roberto Coita | Chief Human Capital Officer | 1973 |
| Alessandro Signorini | Head of the North West Italy Area | NA |
| Elfo Bartalucci | Head of the Southern Lombardy and Emilia Romagna Area | NA |
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