What happened?
Q2 in a nutshell: IFIS'' reported Q2 net profit of EUR c40m was c17% better than cons. and our estimate (of EUR 34m). The performance was driven by better-than-expected contribution of other revenues and better costs.
Illimity''s deal: IFIS confirmed the synergies disclosed at the time of the deal. The bank is going to carry out a due diligence on Illimity''s balance sheet, to be completed by Dec 2025 and may value a spin-off on non-core assets.
Acquisition: The bank announce ....

01 Aug 2025
Q2 beat driven by costs and other revenues

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Q2 beat driven by costs and other revenues
- Published:
01 Aug 2025 -
Author:
Grimaldi Giuseppe GG -
Pages:
7 -
What happened?
Q2 in a nutshell: IFIS'' reported Q2 net profit of EUR c40m was c17% better than cons. and our estimate (of EUR 34m). The performance was driven by better-than-expected contribution of other revenues and better costs.
Illimity''s deal: IFIS confirmed the synergies disclosed at the time of the deal. The bank is going to carry out a due diligence on Illimity''s balance sheet, to be completed by Dec 2025 and may value a spin-off on non-core assets.
Acquisition: The bank announce ....