Preliminary Q4 2023 Banca IFIS SpA Earnings Call Transcript

Feb 08, 2024 / 03:00PM GMT
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome and thank you for joining the Banca IFIS full year 2023 results conference call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Frederik Geertman, CEO. Please go ahead, sir.

Frederik Herman Geertman - Banca IFIS S.p.A. - CEO & Director

Thank you madam and good afternoon, everybody. Welcome to our 2023 results call. I'm here with the my team CFO Roberto Ferrari, and the Investor Relations person, (multi-mode radio) and Media Relations team. I'll briefly illustrate the results as usual, and then we'll take questions afterwards.

I'll take you straight to page 4 of the presentation. We have a and especially rewarding 2023 with core net income at record high, excluding PPA, at $160 million. We exceeded our business plan target for the year by 17%.

And we can now say that we met the net income targets of our plan, both in 2022 and 2023 with a full year in advance. Management overlays are unchanged against macroeconomic and

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