Illimity Bank’s quarterly results are expected tomorrow before the start of trading. In the first quarter, Intesa Sanpaolo analysts expect a net profit of 8.2 million euros. Net interest income is expected to grow by 2.4% qoq despite fewer days and the full cost of the bonds issued in December 2020 (€ 2.7 million per quarter). The brokerage margin is seen to grow by 58% on an annual basis. “We expect a low cost of risk, thanks to the positive seasonality and new production mainly consisting of loans guaranteed by the State”, adds Intesa, which maintains the positive view of Illimity Bank (rating buy with tp at 11.4 euros).
Equita SIM, on the other hand, indicates an interest margin of 32 million for Illimity in the first quarter of the year (+ 47%), with a net profit of 7 million.
At Piazza Affari Illimity marks + 1.53% to 9.955 euros.