Banco di Desio e Della Brianza SPA (IT:BDB)
:BDB
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Banco di Desio e Della Brianza SPA
(BDB)
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Rating:67Neutral
Price Target:
€10.00
▲(7.76% Upside)
Action:Reiterated
Date:05/26/26
The score is supported by attractive valuation (low P/E and strong dividend yield) and a constructive technical uptrend (price above major moving averages with positive momentum). Offsetting this is weaker financial quality, led by negative operating/free cash flow in 2024–2025 and a sharp 2025 revenue decline, with leverage still relatively high.
Positive Factors
Sustained Profitability
High and stable reported margins (net ~21%, EBIT ~32% in 2025) provide a durable earnings cushion vs peers. Sustained profitability supports internal capital generation, dividend capacity and the ability to absorb credit shocks over the medium term.
Negative Factors
Sharp Revenue Decline
A 30% revenue contraction is a material structural setback that pressures earnings scalability and may reflect lost business, repricing, or portfolio changes. Such a decline can persistently reduce operating leverage and limit reinvestment or lending expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
High and stable reported margins (net ~21%, EBIT ~32% in 2025) provide a durable earnings cushion vs peers. Sustained profitability supports internal capital generation, dividend capacity and the ability to absorb credit shocks over the medium term.
Read all positive factors
Banco di Desio e Della Brianza SPA (BDB) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€1.25B
Dividend Yield4.86%
Average Volume (3M)141.20K
Price to Earnings (P/E)9.9
Beta (1Y)0.96
Revenue Growth-2.23%
EPS Growth4.29%
CountryIT
Employees2,535
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)N/A
Shares Outstanding131,474,810
10 Day Avg. Volume166,969
30 Day Avg. Volume141,203
Financial Highlights & Ratios
PEG Ratio3.06
Price to Book (P/B)0.83
Price to Sales (P/S)2.05
P/FCF Ratio-4.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Banco di Desio e Della Brianza SPA Business Overview & Revenue Model
Company Description
Banco di Desio e della Brianza S.p.A. provides banking products and services to individuals and enterprises in Italy. The company offers deposits and loans. It also provides financial, banking, payment, documentary credit, leasing, factoring, insu...
How the Company Makes Money
BDB primarily makes money through (1) net interest income and (2) fee and commission income, supplemented by other banking and financial revenues. Net interest income is earned from the spread between interest received on assets (e.g., loans to ho...
Banco di Desio e Della Brianza SPA Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
57
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 875.76M | 607.67M | 910.73M | 735.15M | 538.76M | 516.30M |
| Gross Profit | 638.22M | 566.02M | 644.63M | 498.07M | 486.61M | 475.60M |
| EBITDA | 208.15M | 194.11M | 211.54M | 227.47M | 129.60M | 79.88M |
| Net Income | 117.84M | 127.37M | 125.54M | 240.36M | 81.46M | 54.90M |
Balance Sheet | ||||||
| Total Assets | 18.60B | 19.56B | 18.63B | 18.56B | 17.54B | 17.80B |
| Cash, Cash Equivalents and Short-Term Investments | 846.68M | 702.35M | 1.17B | 1.76B | 879.59M | 2.04B |
| Total Debt | 3.90B | 4.06B | 3.51B | 2.83B | 5.66B | 1.69B |
| Total Liabilities | 17.15B | 18.07B | 17.19B | 17.20B | 16.42B | 16.72B |
| Stockholders Equity | 1.45B | 1.49B | 1.45B | 1.35B | 1.12B | 1.09B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -256.44M | -576.34M | 705.57M | 814.51M | -30.82M |
| Operating Cash Flow | 0.00 | -243.35M | -562.78M | 747.13M | 822.33M | -25.20M |
| Investing Cash Flow | 0.00 | -13.01M | -35.22M | 51.75M | -11.98M | -5.59M |
| Financing Cash Flow | 0.00 | -74.80M | -41.02M | -26.46M | -18.34M | -8.36M |
Banco di Desio e Della Brianza SPA Technical Analysis
Positive
9.28
Price Trends
8.69
Positive
8.55
Positive
8.13
Positive
Market Momentum
0.19
Negative
66.93
Neutral
76.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:BDB, the sentiment is Positive. The current price of 9.28 is above the 20-day moving average (MA) of 8.92, above the 50-day MA of 8.69, and above the 200-day MA of 8.13, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 66.93 is Neutral, neither overbought nor oversold. The STOCH value of 76.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:BDB.
Banco di Desio e Della Brianza SPA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €24.34B | 12.10 | 13.48% | 6.09% | 10.56% | 10.67% | |
73 Outperform | €5.14B | 9.72 | 13.87% | 6.23% | -10.60% | -22.83% | |
67 Neutral | €1.25B | 9.93 | 7.87% | 4.86% | -2.23% | 4.29% | |
66 Neutral | €20.11B | 5.87 | 18.92% | 8.25% | -10.25% | 8.52% | |
62 Neutral | €1.21B | 3.91 | 16.33% | 8.44% | 43.89% | 87.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IT:BDB
Banco di Desio e Della Brianza SPA
9.53
2.51
35.79%
IT:IF
Banca Ifis SPA
19.99
-0.46
-2.25%
IT:BAMI
Banco BPM S.p.A.
13.21
3.66
38.32%
IT:BPE
BPER Banca S.p.A.
11.67
4.16
55.36%
IT:CE
Credito Emiliano SPA Credem
15.14
3.30
27.87%
Banco di Desio e Della Brianza SPA Corporate Events
Insider-Linked Entity Buys 50,000 Shares in Banco di Desio e della Brianza
May 12, 2026
Banco di Desio e della Brianza has disclosed a transaction involving a person closely associated with its chairman, Stefano Lado, in line with market abuse and transparency regulations. The closely associated entity, Vega Finanziaria, purchased 50...
Banco di Desio boosts Q1 profit, commissions and capital strength
May 7, 2026
Banco di Desio e della Brianza reported a consolidated net profit of €37.6 million for the first quarter of 2026, up 1.7% year on year, with an operating margin of €68.9 million driven by a 24.1% rise in commissions, particularly from ...
Banco di Desio Completes Full Takeover and Delisting of Solutions Capital Management SIM
May 6, 2026
Banco di Desio e della Brianza has completed the process to acquire 100% of Solutions Capital Management SIM through a voluntary tender offer, depositing €240,466.82 to buy the remaining 52,162 shares at €4.61 each. With the transfer o...
Banco Desio Approves 2025 Results, Ups Dividend and Installs New CEO Under Monistic Governance
Apr 29, 2026
Banco di Desio e della Brianza’s shareholders approved the 2025 financial statements, highlighting a consolidated net profit of €127.3 million, solid capital ratios and improved asset quality, and confirmed a dividend of €0.5105 ...
Banco di Desio Clinches 97.7% of SCM in Takeover, Triggers Delisting
Apr 27, 2026
Banco di Desio e della Brianza S.p.A. has successfully completed its voluntary takeover bid for all ordinary shares of Solutions Capital Management SIM S.p.A., securing 97.665% of the share capital for a total consideration of about €10.1 mi...
Banco di Desio Secures Over 95% of Solutions Capital Management in Takeover Bid
Apr 24, 2026
Banco di Desio e della Brianza has successfully closed the tender period for its voluntary full takeover bid for Solutions Capital Management SIM, with shareholders tendering 2,182,102 shares equal to about 97.7% of SCM’s share capital. Base...
Banco di Desio Sets Conditional Extension for SCM Takeover Bid
Apr 22, 2026
Banco di Desio e della Brianza has agreed with Consob that the tender period for its voluntary full takeover bid for Solutions Capital Management SIM will be automatically extended by nine trading days if it fails to reach at least 95% of SCM̵...
Banco di Desio Nears Full Takeover of Solutions Capital Management with High Tender Uptake
Apr 17, 2026
Banco di Desio e della Brianza S.p.A. has launched a voluntary total public tender offer for all ordinary shares of Solutions Capital Management SIM S.p.A., an Italian financial services firm. The offer targets up to 2,234,264 shares, representing...
Banco di Desio majority shareholder files governance proposals ahead of 2026 meeting
Apr 15, 2026
Banco di Desio e della Brianza has disclosed that its majority shareholder, Brianza Unione di Luigi Gavazzi e Stefano Lado S.a.p.a., has submitted proposals concerning corporate offices to be discussed at the ordinary shareholders’ meeting o...
Banco di Desio Nears Control of SCM With 83.8% of Shares Tendered in Takeover Offer
Apr 10, 2026
Banco di Desio e della Brianza S.p.A. has reported strong investor participation in its voluntary full takeover offer for Solutions Capital Management SIM S.p.A., an Italian investment services firm. The bank aims to acquire up to 2,234,264 ordina...
Banco di Desio Reissues 2025 Annual Report After Technical Tagging Correction
Apr 10, 2026
Banco di Desio e della Brianza has reissued its 2025 Annual Financial Report in the European Single Electronic Format after correcting a purely material error related to the sequencing of certain tags in the document. The revised report is now ava...
Banco di Desio e della Brianza Publishes Candidate Lists for Board and Control Committee
Apr 8, 2026
Banco di Desio e della Brianza has announced that the lists of candidates for the roles of director and members of the committee for management control, together with the related shareholder proposals, have been made available to the public. The d...
Banco di Desio e della Brianza Publishes Documents Ahead of Shareholders’ Meeting
Apr 7, 2026
Banco di Desio e della Brianza has made available documentation for its upcoming ordinary shareholders’ meeting, including the separate and consolidated financial statements as of 31 December 2025 and the Group Sustainability Report. The mat...
Banco di Desio Secures Majority Support in Takeover Bid for SCM
Apr 2, 2026
Banco di Desio e della Brianza has launched a voluntary full takeover bid for all ordinary shares of Solutions Capital Management SIM S.p.A., offering €4.61 per share and reporting strong early participation in the first week of the offer pe...
Standard Ethics Lifts Banco Desio’s Long-Term Sustainability Outlook to “EE+”
Mar 30, 2026
Standard Ethics has confirmed Banco Desio’s Corporate Standard Ethics Rating at “EE” while raising its Long-Term Expected Rating to “EE+”, reflecting the Italian bank’s continued progress on sustainability. The ...
Banco di Desio Publishes Governance and Remuneration Reports Ahead of Shareholders’ Meeting
Mar 30, 2026
Banco di Desio e della Brianza has made available to the public the explanatory reports for its upcoming ordinary shareholders’ meeting, covering the approval of the 2025 separate and consolidated financial statements, the group sustainabili...
Banco di Desio Publishes Offer Document for Tender Bid on Solutions Capital Management SIM
Mar 27, 2026
Banco di Desio e della Brianza has published the offer document for its voluntary full public tender offer for all ordinary shares of Solutions Capital Management SIM, marking a new step in its expansion into investment services. The tender period...
Banco Desio CEO Decio to Step Down as Board Backs Kuhn as Successor
Mar 23, 2026
Banco di Desio e della Brianza’s board has confirmed that the mandate of CEO and General Manager Alessandro Decio will end at the shareholders’ meeting to approve the 2025 financial statements, in line with the original term granted in...
Banco Desio Wins Consob Nod for Full Tender Offer on SCM SIM
Mar 23, 2026
Banco di Desio e della Brianza has obtained Consob approval for its voluntary full public tender offer for all 2,234,264 ordinary shares of Solutions Capital Management SIM, which are traded on Euronext Growth Milan. The bank aims to acquire the e...
Banco Desio deepens protection bancassurance push with Italiana Assicurazioni
Mar 23, 2026
Banco di Desio e della Brianza S.p.A. and Italiana Assicurazioni S.p.A. have signed a new long-term bancassurance agreement focused on protection products for retail clients, families and small and medium-sized enterprises. The deal, reached after...
Banco di Desio Calls 2026 Shareholders’ Meeting on Results, Governance and Incentives
Mar 19, 2026
Banco di Desio e della Brianza has convened an ordinary shareholders’ meeting for 29 April 2026 to approve the 2025 financial statements, decide on profit allocation and address an extraordinary contribution required under the 2026 Budget La...
Banco Desio Clears Key Regulatory Hurdle in Tender Offer for SCM
Mar 18, 2026
Banco di Desio e della Brianza has obtained unconditional authorisation from the Bank of Italy to acquire a direct controlling interest in Solutions Capital Management SIM S.p.A., while Brianza Unione di Luigi Gavazzi e Stefano Lado S.A.p.A. has b...
Banco di Desio e della Brianza Files Amended By-Laws and Publishes Shareholders’ Meeting Minutes
Mar 18, 2026
Banco di Desio e della Brianza has updated its corporate by-laws following resolutions approved at the Extraordinary Shareholders’ Meeting held on 12 March 2026. The amended by-laws have been filed with the Milan, Monza Brianza and Lodi Comp...
Insider-Related Share Purchase Disclosed at Banco di Desio e della Brianza
Mar 17, 2026
A person closely associated with Banco di Desio e della Brianza director Gerolamo Gavazzi has purchased ordinary shares in the bank on the Italian market. The transaction, disclosed under EU market abuse rules, involved the acquisition of 18,699 s...
Insider-Related Party Adds to Stake in Banco di Desio e della Brianza
Mar 13, 2026
A person closely associated with Banco di Desio e della Brianza director Gerolamo Gavazzi has carried out a series of on-market purchases of the bank’s ordinary shares on the MTAA. The transactions, which are reportable under EU market abuse...
Banco Desio Confirms Strong 2025 Results and Advances ESG Strategy
Mar 12, 2026
Banco di Desio e della Brianza approved its 2025 separate and consolidated financial statements, confirming a consolidated net profit of €127.3 million and proposing a dividend of €0.5105 per share, equal to a total payout of €67...
Banco Desio shareholders approve shift to one-tier governance model
Mar 12, 2026
Banco di Desio e della Brianza S.p.A., a long-established Italian multi-product banking group listed in Milan, operates across Northern and Central Italy and Sardinia with a network of 281 branches and about 2,400 employees. The group is active in...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.