Earnings release
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 1 Results at September 30th, 2026 approved FINECO, DOUBLE-DIGIT GROWTH ACROSS ALL BUSINESS AREAS ANOTHER RECORD YEAR FOR NET SALES AND CLIENT ACQUISITION • Net profit adjusted1 at €531.5 million (+10.6% y/y) • Revenues: €1,085.9 million (+12.0% y/y) • Cost/income ratio1: 26.0% • Capital and Liquidity: CET1 ratio 23.39%, LR 5.19%, LCR2 991% FIGURES AT OCTOBER 31st 2026 Net sales in the month of October: ~€1.7 billion (~+28% y/y) Estimated brokerage revenues in the month of October: ~€26 million Record month for new clients: ~25,800 (~+34% y/y) Milan, November 5th, 2026 The Board of Directors of FinecoBank S.p.A. has approved the results as of September 30th, 2026. Alessandro Foti, CEO and General Manager of FinecoBank, stated: “The results for the first nine months confirm Fineco’s capability to combine solid commercial growth with a continuous improvement in the quality of its business. The acceleration in net sales and new client acquisition, together with double-digit growth across Banking, Investing and Brokerage, highlights the effectiveness of a business model able to create value in every market phase. Particularly significant is the contribution from younger generations of clients, who are increasingly choosing Fineco to manage their savings and investments, recognizing the value of our approach based on innovation, simplicity and high-quality advisory services. The growth of Private clients and the increasingly sophisticated demand for investment and advisory solutions confirm the positive evolution of our client base. These results allow us to look with optimism to the final part of the year, supported by a business model that positions us in the sweet spot to capture the ongoing changes in the needs of Italian savers. Among these trends, the ongoing generational transfer of wealth is driving increasing interest in efficient, long -term investment solutions, creating further opportunities for sustainable growth.” 1 Net profit adjusted due to mutual termination with an executive in 2Q26 (€-4.6 million gross, €-3.0 million net) 2 Avg 12 months
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 2 FINECOBANK 9M26 HIGHLIGHTS ◼ Revenues at € 1,085.9 million, +12.0% y/y thanks to a double-digit growth by a ll business areas: Banking (+11.3% y/y, thanks to the positive volume effect ), Investing (+12.0% y/y), thanks to the volume effect and Brokerage (+13.2% y/y, thanks to the higher stock of Asset under Custody and to the wider active investors base) ◼ Operating costs well under control at €-282.8 million, +8.8% y/y (+5.2% y/y net of costs strictly related to the growth of the business3). Cost/Income ratio at 26.0%, down by 0.8 percentage point and confirming the Bank's operational efficiency ◼ Profit before tax es from continuing operations at €785.6 million, up by 13.2% y/y. Profit after taxes from continuing operations at €531.5 million, up by 10.6% y/y ◼ TFA at €178.2 billion, up by 15.3% year on year. Net sales at €13.1 billion (+39.0% y/y), confirming the acceleration of the Bank’s growth path. More in detail, n et sales in Asset Under Custody stood at €9.2 billion (+95.5% y/y) , in Asset Under Management at €3.7 billion (+4.3% y/y) and in deposits stood at €0.2 billion ◼ The acquisition of new c ustomers continues, reaching 184,225 (+27.3% y/y) in the first nine months of 2026, and bringing the total customers at 1,944,070 (+10.2% y/y) MAIN INITIATIVES ◼ Fineco continues to integrate Artificial Intelligence into its platform, with AI capabilities already available to its Network of Personal F inancial Advisor and Brokerage-only clients. In particular, further enhancements have been introduced to the AI Assistant for financial advisors, supporting more advanced client relationship management, and to the Portfolio Builder, with the integration of advisory wrappers. More recently, the Brokerage Copilot was launched for Trading Account clients, with the aim of increasing client awareness and engagement through advanced stock screening and portfolio analysis. ◼ Fineco has also launched the second phase of its AI integration with the BOOST project (Bank Operational Optimization & Simplification Track ), aimed at redesigning the Bank’s internal processes to make the organization even more scalable and efficient. The first three areas of focus are: 1) Operations, with a focus on Back Office and CRM; 2) Control functions, shifting from periodic controls to continuous and predictive monitoring; and 3) Cross-functional processes, with AI agents collaborating on specific tasks across departments rather than operating within individual departmental structures. 3 Mainly related to: marketing expenses (€ -6.9 mln y/y), FAM (€-0.4 mln y/y), A.I. projects (€ -1.5 million) and pan-EU platform set-up (€-0.7 million).
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 3 TOTAL FINANCIAL ASSETS AND NET SALES Total Financial Asset as of September 30th, 2026, amounted to € 178.2 billion (+15.3% y/y). Assets under Management was €80.0 billion (+12.3% y/y), Assets under Custody amounted to €66.3 billion (+26.3% y/y), while the stock of direct deposits amounted to €31.9 billion (+3.4% y/y). In particular, the TFA related to customers with assets above €500,000 totalled €92.6 billion (+19.4% y/y). In the first nine months of 2026, total net sales amounted to €13.1 billion (+39.0% y/y) and confirmed the acceleration of the Bank’s growth dynamics. Net sales in Assets under custody amounted to € 9.2 billion (+95.5% y/y), in Asset under management at €3.7 billion (+4.3% y/y), and in deposits equalled to €0.2 billion. As of September 30th, 2026, the Network was composed of 3,164 Personal Financial Advisors operating through 447 Fineco Center. Inflows in 9M26 through the PFA network were equal to €9.5 billion. As of September 30th, 2026, Fineco Asset Management managed €46.3 billion of assets (+16.3% y/y), of which €30.9 billion were retail class (+11.5% y/y) and around €15.3 billion institutional class (+27.4% y/y). A total of 184,225 new customers were acquired in 9M26 (+27.3% y/y). The total number of customers as of September 30th, 2026 was 1,944,070 (+10.2% y/y).
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 4 MAIN INCOME STATEMENT RESULTS AT 30.09.26 Non recurring items, if any, are represented in a separate line item. mln 1Q25 2Q25 3Q25 1Q26 2Q26 3Q26 9M25 9M26 9M26/ 3Q26/ 3Q26/ 9M25 3Q25 2Q26 Net Financial Income 161.3 153.7 156.6 163.0 176.4 180.9 471.7 520.3 10.3% 15.5% 2.6% Net Non Financial Income 167.7 162.7 168.2 180.6 194.4 190.6 498.6 565.7 13.5% 13.4% -1.9% of which Dividends and other income from equity investments 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 289.5% 55.3% -33.0% of which Net commissions 140.4 137.8 144.4 152.7 161.8 161.4 422.6 475.8 12.6% 11.8% -0.3% of which Net trading, hedging and fair value income 27.3 24.8 23.7 27.9 32.5 29.2 75.9 89.7 18.2% 23.0% -10.2% Net other expenses/income 0.2 -1.3 0.5 -0.7 0.1 0.5 -0.6 -0.1 -75.8% 1.9% n.a. REVENUES 329.3 315.1 325.3 342.9 370.9 372.1 969.6 1,085.9 12.0% 14.4% 0.3% Staff expenses -36.4 -37.4 -37.7 -39.3 -40.1 -39.9 -111.5 -119.3 7.0% 6.0% -0.3% Other administrative expenses net of recovery of expenses -44.4 -41.5 -42.1 -48.8 -50.4 -42.7 -127.9 -141.8 10.9% 1.4% -15.3% Impairment/write-backs on intangible and tangible assets -6.5 -7.0 -7.0 -7.0 -7.2 -7.5 -20.5 -21.7 5.6% 5.9% 2.9% Operating costs -87.2 -85.9 -86.8 -95.1 -97.7 -90.1 -259.9 -282.8 8.8% 3.8% -7.8% OPERATING PROFIT (LOSS) 242.0 229.2 238.5 247.8 273.2 282.0 709.7 803.0 13.1% 18.2% 3.2% Other charges and provisions -3.8 -3.9 -3.4 -4.9 -5.3 -4.1 -11.1 -14.3 28.3% 20.6% -21.5% Net impairment losses / writebacks on loans and provisions for guarantees and commitments -0.9 -1.7 -1.2 -1.4 -1.1 -1.1 -3.7 -3.6 -3.4% -7.3% -0.9% Net income from investments -1.0 -0.1 0.2 -0.3 0.4 0.5 -0.8 0.5 -166.8% 102.2% 17.0% PROFIT BEFORE TAXES FROM CONTINUING OPERATIONS 236.4 223.5 234.1 241.1 267.3 277.2 694.0 785.6 13.2% 18.4% 3.7% Income taxes from continuing operations -72.2 -69.9 -71.4 -78.9 -86.1 -89.1 -213.5 -254.1 19.0% 24.7% 3.4% NET PROFIT FROM CONTINUING OPERATIONS 164.2 153.6 162.7 162.2 181.1 188.1 480.5 531.5 10.6% 15.6% 3.9% Non-recurring charges net of taxes 0.0 0.0 0.0 0.0 -3.0 0.0 0.0 -3.0 n.a. n.a. -100.0% PROFIT (LOSS) FOR THE PERIOD 164.2 153.6 162.7 162.2 178.2 188.1 480.5 528.5 10.0% 15.6% 5.6% Revenues totalled €1,085.9 million in the first nine months of 2026, up by 12.0% year on year. Net Financial Income stood at € 520.3 million, increasing by 10.3% y/y due to the positive volume effect, while average market interest rates were almost stable in the period. Net Non Financial Income in the first nine months of 2026 amounted to €565.7 million, increasing by 13.5% compared to the same period of 2025. This increase is due to all the product area: the Investing business has recorded €333.1 million, up by 12.2% y/y thanks to the volume effect ; Brokerage contributed with around €200.3 million (+14.2% y/y), thanks to the higher stock of Asset under Custody and the wider active investors base; Banking contribution amounted to €39.8 million (+16.6% y/y). Operating costs in the first nine months of 2026 were well under control at €282.8 million, up 8.8% y/y also due to higher expenses strictly connected to the growth of the business3, net of which the increase in operating costs is equal to 5.2% y/y. Staff expenses totaled €119.3 million, increasing by 7.0% y/y. The Cost/income ratio was 26.0%, down by 0.8 percentage points y/y. Operating profit amounted to €803.0 million as of September 30th, 2026 (+13.1% y/y). Other charges and provisions totaled €-14.3 million.
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 5 Net impairment on loans and provisions for guarantees and commitments amounted to €-3.6 million. The cost of risk is equal to 7 basis points. Net income from Investments amounted to €0.5 million. Profit before taxes from continuing operations stood at €785.6 million, up by 13.2% y/y. Net profit from continuing operations was equal to €531.5 million, increasing by 10.6% y/y. Profit for the period, considering the non-recurring charges net of taxes (equal to €-3.0 million), was €528.5 million, up by 10.0% y/y. MAIN INCOME STATEMENT RESULTS FOR THE THIRD QUARTER 2026 Revenues in the third quarter totalled €372.1 million, flat compared to the previous quarter (+0.3%) and up by 14.4% y/y. Net Financial Income stood at €180.9 million, increasing by 2.6% compared to the previous quarter an d by 15.5% compared to the same quarter of 2025. Net Non Financial Income amounted to €190.6 million, broadly stable compared to the second quarter of 2026 (-1.9%): Investing revenues increased by 6.5% q/q and Banking by 9.7% q/q, while Brokerage revenues were down by 16.4% q/q due to lower market volumes. Net Non Financial Income is up by 13.4% compared to the third quarter 2025, thanks to the positive contribution of all the product areas: Investing revenues are up by 14. 4% y/y, Brokerage by 9.5% y/y and Banking by 17.5% y/y. Operating costs in the third quarter were equal to €90.1 million, down by 7.8% q/q and up by 3.8% y/y. Operating profit was equal to €282.0 million, up by 3.2% q/q and by 18.2% y/y. Other charges and provisions amounted to €-4.1 million. Net impairment on loans and provisions for guarantees and commitments amounted to €-1.1 million. Net income from Investments stood at €0.5 million. Profit before taxes from continuing operations in the quarter was equal to € 277.2 million, up by 3.7% q/q and by 18.4% y/y. Net profit from continuing operations in the quarter was equal to € 188.1 million, up by 3.9% q/q and by 15.6% y/y. Profit for the period, considering the non-recurring charges net of taxes (equal to €-3.0 million) accounted in the second quarter 2026, was €188.1 million, up by 5.6% q/q and 15.6% y/y.
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 6 SHAREHOLDERS’ EQUITY AND CAPITAL RATIOS Consolidated Shareholders’ equity stood at €2,575.5 million, up by €22.2 million compared to December 31st, 2025 due to the 9M26 net profit, partially offset by the dividend payment for the year 2025 (€483.4 million) and the payment of the Additional Tier 1 coupons (€27.6 million before tax). The Group confirms its solid capital position with a CET1 ratio of 23.39% as of September 30th, 202 6, compared to 23.30% as of December 31st, 2025. The Tier 1 ratio and the Total Capital Ratio were equal to 31.00% as of September 30th, 2026 compared to 31.37% as of December 31st, 2025. Leverage ratio stood at 5.19% as of September 30th, 2026, compared to 5.07% as of December 31st, 2025. The Group’s liquidity indicators confirmed to be very solid, placing Fineco at the highest level among European banks: LCR stood at 991%2 as of September 30th, 2026 significantly above the 100% regulatory limit, and NSFR equal to 447% as of September 30th, 2026 also well above the 100% regulatory limit. LOANS TO CUSTOMERS Loans to customers stood at € 6,784.8 million as of September 30th, 2026, up 5.5% compared to June 30th, 2026 and by 9.1% compared to September 30th, 2025. The amount of non -performing loans (loans with insolvent borrowers, unlikely to pay and non -performing loans/past due) net of impairment totaled €5.1 million (€5.7 million as of June 30th, 2026 and €4.5 million as of September 30th, 2025), with a 83.26% coverage ratio. The ratio between the amount of non -performing loans and total loans to ordinary customers equaled to 0.09%. SIGNIFICANT EVENTS IN THE THIRD QUARTER OF 2026 AND SUBSEQUENT EVENTS With reference to the main events that took place in the third quarter of 2026 and after September 30th, 2026, please refer to the press releases published on the FinecoBank website. MAIN INITIATIVES Fineco continues to integrate Artificial Intelligence tools into its platform, which are already available to its financial advisor network and Trading Account clients. The latest developments include: 1. Customer Relationship Management (CRM) for financial advisors : fully integrated into the Fineco platform, it enables financial advisors to manage their client relationships more effectively. This further enhances the Fineco network’s ability to provide personalised advice, improving the quality of client interactions and the identification of their financial needs. 2. Portfolio Builder: enables financial advisors to use a tool trained according to Fineco’s financial logics to build portfolios tailored to individual client needs or analyse the characteristics of existing portfolios. The latest release also includes the integration of insurance and financial wrappers. The
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 7 application generates a proposal consistent with the client’s risk profile based on the MiFID questionnaire, which can also be reviewed and approved by the client through web collaboration. Fineco has also launched Brokerage Copilot for Trading Account clients. This provides a new AI-powered user experience , including stock screening capabilities based on fundamental and technical analysis, portfolio scenario analysis and market news tailored to clients’ interests. In addition, Fineco has launched the second phase of its AI integration with the BOOST project (Bank Operational Optimization & Simplification Track), aimed at redesigning the Bank’s internal processes to make the organisation even more scalable and efficient. The first three areas of focus are: 1. Operations, with a focus on Back Office and CRM; 2. Control functions, moving from periodic controls to continuous and predictive monitoring; 3. Cross-functional processes, with AI agents collaborating on specific tasks across departments rather than operating within individual departmental structures. This will enable the Bank to further strengthen its operating leverage and achieve structurally higher efficiency, while also benefiting from more effective risk controls. SUSTAINABILITY Fineco remains committed to its Sustainability journey, also through the implementation of activities and projects aimed at achieving the objectives set out in the 2024 -2026 ESG Multiannual Plan and in the 2026 - 2029 ESG Multiannual Plan approved in March 2026. The Bank’s ESG offering and portfolio are composed as follows (data as of September 2026): • 81% of the funds (by number of ISINs) available on the platform are classified as Article 8 and Article 9 under the SFDR • the stock of green mortgages, granted for the purchase of residential properties, exceeds €0.2 billion • the green, social and sustainability bonds held in the Bank’s portfolio stand at around €3.0 billion • the value of the ESG collateral switch exceeds €1.4 billion. With regard to commitments in the areas of responsible finance and the environment as part of the Net-Zero by 2050 strategy, at the end of September 2026 95.2% of the banking treasury portfolio was invested in debt securities issued by sovereign and banking issuers with a Net-Zero target by 2050 (Fineco’s interim target of 95% by 2030 and 100% by 2050). Fineco has received the following scores from leading ESG rating agencies: • S&P Global ESG Score: 71/100, up from previous 67/100 • CDP Climate Change: rating “B” • Sustainalytics: ESG risk rating of 11.4 (Low Risk), confirming Fineco’s positioning among the best - performing banks at an international level • MSCI ESG Rating: “AA” (leader) within the Diversified Financials sector
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 8 • Standard Ethics: rating “EEE–” with a stable outlook. Fineco is included in the following sustainability indices: Borsa Italiana MIB ESG Index (Euronext), FTSE4Good, S&P Global 1200 ESG Index, S&P Global Large Mid Cap ESG Index, Standard Ethics Italian Banks Index, and Standard Ethics Italian Sustainability Index. GUIDANCE For 2026 Fineco expects: • Net Financial Income: solid growth thanks to the combination of positive deposit net sales and higher interest rates. • Investing: solid growth in revenues thanks to the combination of net sales and mix improvement. • Brokerage revenues: another record year thanks to the higher AuC and the enlargement of our active investors. • Banking Fees: growing. • Operating Costs: expected growth of around 5% y/y, not including around €15 million of additional costs for growth initiatives and around €1 million for the pan-EU platform set-up costs. • Cost/income: in a range 26/27% thanks to the scalability of our platform and strong operating gearing. • Cost of risk: in a range 5–10 bps. • Payout & Capital ratios: we expect a payout ratio in a range 70/80%. On Leverage Ratio our goal is to remain above 4.5%. • Net sales and new clients’ acquisition: another record year. For 2027, Fineco expects: • Net Financial income: solid growth driven by a combination of better reinvestment yields on bonds running-off, higher market rates and deposit inflows. • Investing: solid growth in revenues thanks to the combination of net sales and mix improvement. • Brokerage: strong momentum, thanks to the higher AuC and the enlargement of our active investors. • Banking fees: growing. • Operating costs: a material improvement compared to 2026.
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 9 • Cost/income ratio: expected to decrease compared to 2026. • Payout ratio: expected in the 70 –80% range, with the objective of maintaining a Leverage Ratio above 4.5%. • Net sales and new clients: continuation of the strong commercial trend expected. On February 10th, 2027 the 2029 Multi Year Plan will be updated, driven by combination of: 1) growth at an inflection point, with better than expected net sales and new clients; 2) monetization of growth in higher revenues, with all the net sales mix contributing positively to revenues; 3) stable deposits and zero beta : better NII due to cost of funding close to zero and combination of better reinvestment yield for our bonds running off, higher rates and deposits net sales; 4) AI-led operating jaws: further slowing down cost growth as we are redesigning the backbone of the Bank, and deploying AI to PFA and clients.
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 10 The reclassified consolidated balance sheet and the income statement approved by the Board of Directors of November 4th, 2026 are here attached. CONSOLIDATED BALANCE SHEET (Amounts in € thousand) Amounts as at Changes ASSETS September 30, 2026 December 31, 2025 Amounts % Cash and cash balances 1,944,827 1,874,597 70,230 3.7% Financial assets held for trading 126,941 55,001 71,940 130.8% Loans to banks 465,928 401,047 64,881 16.2% Loans to customers 6,784,770 6,378,405 406,365 6.4% Financial investments 27,363,477 26,221,878 1,141,599 4.4% Hedging instruments 461,176 439,964 21,212 4.8% Property, plant and equipment 154,770 152,035 2,735 1.8% Goodwill 89,602 89,602 - n.a. Other intangible assets 33,616 34,014 (398) -1.2% Tax assets 40,067 60,179 (20,112) -33.4% Tax credits acquired 361,015 817,656 (456,641) -55.8% Other assets 448,262 771,523 (323,261) -41.9% Total assets 38,274,451 37,295,901 978,550 2.6% (Amounts in € thousand) Amounts as at Changes LIABILITIES AND SHAREHOLDERS' EQUITY September 30, 2026 December 31, 2025 Amounts % Due to banks 1,073,269 849,969 223,300 26.3% Due to customers 32,561,048 32,453,115 107,933 0.3% Debt securities in issue 1,315,761 811,163 504,598 62.2% Financial liabilities held for trading 43,816 23,510 20,306 86.4% Hedging instruments 28 24,140 (24,112) -99.9% Tax liabilities 146,168 24,538 121,630 n.a. Other liabilities 558,831 556,142 2,689 0.5% Shareholders' equity 2,575,530 2,553,324 22,206 0.9% - capital and reserves 2,067,934 1,925,196 142,738 7.4% - revaluation reserves (20,917) (18,913) (2,004) 10.6% - net profit 528,513 647,041 (118,528) -18.3% Total liabilities and Shareholders' equity 38,274,451 37,295,901 978,550 2.6%
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 11 CONSOLIDATED BALANCE SHEET – QUARTERLY FIGURES (Amounts in € thousand) September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 September 30, 2026 ASSETS Cash and cash balances 2,128,216 1,874,597 1,784,396 1,829,460 1,944,827 Financial assets held for trading 52,717 55,001 71,607 116,974 126,941 Loans to banks 402,681 401,047 469,911 448,468 465,928 Loans to customers 6,219,539 6,378,405 6,297,749 6,428,312 6,784,770 Financial investments 25,629,653 26,221,878 26,734,814 28,237,675 27,363,477 Hedging instruments 442,486 439,964 474,615 366,168 461,176 Property, plant and equipment 143,104 152,035 151,948 152,716 154,770 Goodwill 89,602 89,602 89,602 89,602 89,602 Other intangible assets 34,177 34,014 33,765 34,052 33,616 Tax assets 30,862 60,179 39,965 38,240 40,067 Tax credits acquired 810,853 817,656 727,977 374,172 361,015 Other assets 390,786 771,523 570,019 588,933 448,262 Total assets 36,374,676 37,295,901 37,446,368 38,704,772 38,274,451 (Amounts in € thousand) September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 September 30, 2026 LIABILITIES AND SHAREHOLDERS' EQUITY Due to banks 850,595 849,969 1,099,312 866,318 1,073,269 Due to customers 31,608,539 32,453,115 32,234,347 33,255,937 32,561,048 Debt securities in issue 809,298 811,163 801,558 1,306,618 1,315,761 Financial liabilities held for trading 27,867 23,510 30,358 40,652 43,816 Hedging instruments 29,721 24,140 7,156 10,618 28 Tax liabilities 75,044 24,538 75,912 64,032 146,168 Other liabilities 579,337 556,142 495,694 763,914 558,831 Shareholders' equity 2,394,275 2,553,324 2,702,031 2,396,683 2,575,530 - capital and reserves 1,932,502 1,925,196 2,559,660 2,080,093 2,067,934 - revaluation reserves (18,752) (18,913) (19,819) (23,776) (20,917) - net profit 480,525 647,041 162,190 340,366 528,513 Total liabilities and Shareholders' equity 36,374,676 37,295,901 37,446,368 38,704,772 38,274,451
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 12 CONSOLIDATED INCOME STATEMENT (Amounts in € thousand) 9M26 9M25 Changes Amounts % Net Financial Income 520,300 471,663 48,637 10.3% Net Non Financial Income 565,696 498,565 67,131 13.5% of which Dividends and other income from equity investments 222 57 165 289.5% of which Net commissions 475,791 422,608 53,183 12.6% of which Net trading, hedging and fair value income 89,683 75,900 13,783 18.2% Net other expenses/income (144) (596) 452 -75.8% REVENUES 1,085,852 969,632 116,220 12.0% Staff expenses (119,308) (111,473) (7,835) 7.0% Other administrative expenses net of recovery of expenses (141,837) (127,912) (13,925) 10.9% Impairment/write-backs on intangible and tangible assets (21,702) (20,545) (1,157) 5.6% Operating costs (282,847) (259,930) (22,917) 8.8% OPERATING PROFIT (LOSS) 803,005 709,702 93,303 13.1% Net impairment on loans and provisions for guarantees and commitments (3,619) (3,745) 126 -3.4% Other charges and provisions (14,300) (11,146) (3,154) 28.3% Net income from investments 522 (781) 1,303 n.a. PROFIT BEFORE TAXES FROM CONTINUING OPERATIONS 785,608 694,030 91,578 13.2% Income taxes from continuing operations (254,123) (213,505) (40,618) 19.0% NET PROFIT FROM CONTINUING OPERATIONS 531,485 480,525 50,960 10.6% Non-recurring charges net of taxes (2,972) - (2,972) n.a. PROFIT (LOSS) FOR THE PERIOD 528,513 480,525 47,988 10.0% PROFIT (LOSS) FOR THE PERIOD ATTRIBUTABLE TO THE GROUP 528,513 480,525 47,988 10.0%
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 13 CONSOLIDATED INCOME STATEMENT – QUARTERLY FIGURES (Amounts in € thousand) Year 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2025 2025 2025 2025 2025 2026 2026 2026 Net Financial Income 633,092 161,321 153,720 156,622 161,429 162,984 176,394 180,922 Net Non Financial Income 684,702 167,724 162,668 168,173 186,137 180,633 194,423 190,640 of which Dividends and other income from equity investments 70 (24) 34 47 13 40 109 73 of which Net commissions 581,865 140,420 137,811 144,377 159,257 152,650 161,788 161,353 of which Net trading, hedging and fair value income 102,767 27,328 24,823 23,749 26,867 27,943 32,526 29,214 Net other expenses/income (1,294) 231 (1,313) 486 (698) (733) 94 495 REVENUES 1,316,500 329,276 315,075 325,281 346,868 342,884 370,911 372,057 Staff expenses (150,501) (36,374) (37,409) (37,690) (39,028) (39,298) (40,070) (39,940) Other administrative expenses net of recovery of expenses (178,028) (44,371) (41,466) (42,075) (50,116) (48,804) (50,362) (42,671) Impairment/write-backs on intangible and tangible assets (27,743) (6,505) (7,001) (7,039) (7,198) (6,997) (7,249) (7,456) Operating costs (356,272) (87,250) (85,876) (86,804) (96,342) (95,099) (97,681) (90,067) OPERATING PROFIT (LOSS) 960,228 242,026 229,199 238,477 250,526 247,785 273,230 281,990 Net impairment on loans and provisions for guarantees and commitments (4,692) (874) (1,699) (1,172) (947) (1,437) (1,096) (1,086) Other charges and provisions (19,352) (3,806) (3,915) (3,425) (8,206) (4,909) (5,260) (4,131) Net income from investments (684) (961) (52) 232 97 (348) 401 469 PROFIT BEFORE TAXES FROM CONTINUING OPERATIONS 935,500 236,385 223,533 234,112 241,470 241,091 267,275 277,242 Income taxes from continuing operations (288,459) (72,194) (69,888) (71,423) (74,954) (78,901) (86,127) (89,095) NET PROFIT FROM CONTINUING OPERATIONS 647,041 164,191 153,645 162,689 166,516 162,190 181,148 188,147 Non-recurring charges net of taxes - - - - - - (2,972) - PROFIT (LOSS) FOR THE PERIOD 647,041 164,191 153,645 162,689 166,516 162,190 178,176 188,147 PROFIT (LOSS) FOR THE PERIOD ATTRIBUTABLE TO THE GROUP 647,041 164,191 153,645 162,689 166,516 162,190 178,176 188,147
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 14 EXPOSURES IN SECURITIES ISSUED BY SOVEREIGN STATES, SUPRANATIONAL INSTITUTIONS AND AGENCIES The following table indicates the book value of the exposures in debt securities issued by sovereign States, Supranational institutions, Agencies and local Authorities at September 30th, 2026 classified in the portfolio “Financial assets designated at fair value through other comprehensive income” and “Financial assets at amortised cost”; penetration on the Group's total assets totalled 69.92%. (Amounts in € thousand) Carrying amount as at % Financial statements item September 30, 2026 Italy 8,199,218 0.00% Financial assets at fair value through other comprehensive income 78,910 27.19% Financial assets at amortised cost 8,120,308 23.66% Spain 3,190,468 0.00% Financial assets at fair value through other comprehensive income 46,183 15.91% Financial assets at amortised cost 3,144,285 9.16% Germany 243,619 0.00% Financial assets at fair value through other comprehensive income 24,602 8.48% Financial assets at amortised cost 219,017 0.64% France 1,637,647 0.00% Financial assets at fair value through other comprehensive income 51,201 17.64% Financial assets at amortised cost 1,586,446 4.62% U.S.A. 892,168 0.00% Financial assets at amortised cost 892,168 2.60% Austria 1,287,763 0.00% Financial assets at amortised cost 1,287,763 3.75% Ireland 722,312 0.00% Financial assets at amortised cost 722,312 2.10% Belgium 897,688 0.00% Financial assets at amortised cost 897,688 2.62% Portugal 351,270 0.00% Financial assets at amortised cost 351,270 1.02% Switzerland 10,746 0.00% Financial assets at amortised cost 10,746 0.03% Saudi Arabia 90,252 0.00% Financial assets at amortised cost 90,252 0.26% Chile 208,813 0.00% Financial assets at amortised cost 208,813 0.61% China 165,833 0.00% Financial assets at amortised cost 165,833 0.48% Latvia 29,858 0.00% Financial assets at amortised cost 29,858 0.09% Iceland 14,987 0.00% Financial assets at amortised cost 14,987 0.04% Netherlands 54,077 0.00% Financial assets at amortised cost 54,077 0.16% Total sovereign exposures 17,996,719 47.02% Financial assets at fair value through other comprehensive income - Supranational 89,228 30.75% Financial assets at amortised cost - Supranational 6,885,385 20.06% Financial assets at amortised cost - Agencies and Local Authority exposures 1,790,551 5.22% Total Supranational, Agencies and Local Authority exposures 8,765,164 22.90% Total 26,761,883 69.92% The % shown next to the financial statements item “Financial assets at fair value through other comprehensive income” and “Financial assets at amortised cost” have been calculated as the ratio of the reported exposure to the total of the same financial statements items (amounting to €2 90.2 million and €3 4,315.4 million, respectively), while the % shown next to the total items have been calculated as a ratio to total assets (amounting to €38,274.5 million).
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 15 OPERATING STRUCTURE Data as at September 30, 2026 December 31, 2025 No. Employees 1,529 1,529 No. Financial advisors 3,164 3,076 No. Financial centers ¹ 447 445 1 Number of Fineco Centers operational: Fineco Centers managed by the Bank and Fineco Centers managed by personal financial advisors (Fineco Centers). FINECOBANK RATING Long term debt Short term debt Outlook S&P GLOBAL RATING BBB+ A-2 Positive BASIS OF PREPARATION This Consolidated Interim Financial Report as at September 30th, 2026 - Press Release was prepared on a voluntary basis, to guarantee continuity with previous quarterly reports, as Legislative Decree 25/2016 implementing Directive 2013/50/EU eliminated the obligation for additional periodical financial reports other than the half-year and annual ones. This Consolidated Interim Financial Report as at September 30th, 2026 – Press Release, as well as the press releases on significant events during the period, the market presentation of the first nine months of 2026 and the Database are also available on FinecoBank’s website. This Consolidated Interim Financial Report as at September 30th, 2026 – Press Release was not audited by the External Auditors. The Consolidated Interim Financial Report at September 30 th, 2026 - Press Release, shown in reclassified format, was prepared on the basis of the IAS/IFRS issued by the International Accounting Standards Board (IASB), including the SIC and IFRIC interpretative documents, endorsed by the European Commission until 30 September 2026, as provided for by European Union Regulation No. 1606/2002 of 19 July 2002, implemented in Italy by Legislative Decree No. 38 of 28 February 2005. These standards are aligned with those adopted for the preparation of the Consolidated first half financial report statements as of June 30 th, 2026, as no new standards or amendments to existing standards have become applicable that would have a significant impact on the Group's financial and economic situation. The information contained in this Consolidated Interim Financial Report as at September 30th, 2026 – Press Release was not prepared in accordance with the international accounting standard applicable to interim financial reports (IAS 34). Items in the condensed tables of the balance sheet and income statement were prepared according to the models contained in Bank of Italy Circular 262 “Bank financial report: models and rules of compilation” issued by the Bank of Italy, to which were applie d the reconciliations illustrated in the “Reconciliation models for the preparation of condensed consolidated financial report” annexed to the Consolidated first half financial report as of June 30th, 2026.
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 16 In order to provide additional information on the Group’s performance, several alternative performance indicators have been used - APM (such as Cost/income ratio and Cost of Risk), whose description is found in “Glossary of technical terminology and acronyms used” of Consolidated first half financial report as of June 30th, 2026 , in line with the guidelines published by the European Securities and Markets Authority (ESMA/2015/1415) on 5 October 2015. In the application of the accounting policies, the management is required to make judgements, estimates and assumptions about the carrying amounts of certain assets and liabilities as well as the information regarding contingent assets and liabilities. Esti mates and related assumptions take into account all the information available at the reporting date of this document and are based on previous experience and other factors considered reasonable under the circumstances and have been used to estimate the carrying values of assets and liabilities not read ily available from other sources. In the presentation of the Consolidated Interim Financial Report at September 30th, 2026 - Press Release, estimates have been used to support the carrying amount of some of the valuation -based items, as required by the accounting standards and regulations. These estimates are largely based, as regards assets, on calculations of future recover ability of the values recognised in the accounts and as regards liabilities, on estimates of the probability of using resources to meet the obligations and on the amount of resources necessary to that end, according to the rules laid down in current legislation and standards. They have been made on the assumption of a going concern, on, i.e. without contemplating the possibility of the forced sale of the estimated items. For some of the above items, the valuation is particularly complex; complexity and subjectivity of estimates is influenced by the intricacy of the underlying assumptions, the amount and variability of available information and the uncertainties connected with possible future outcomes of proceedings, disputes and litigatio n. The parameters and information used to determine the above -mentioned values are therefore significantly affected by multiple factors, which could change rapidly in ways that are currently unforeseeable and, as a result, future effects on the estimated carrying amounts cannot be ruled out. With specific reference to the assessment of credit exposures, whether represented by receivables or securities, it should be noted that the IFRS9 accounting standard requires that not only historical and current information have to be considered, but also macroeconomic forecast information ("Forward Looking" components), and, in the current crisis context, updating the scenarios underlying the Forward looking components is a particularly complex. For the purposes of calculating expected credit losses, the Group uses specific models that adopt risk parameters (Probability of Default “PD” and Loss Given Default“LGD”) by forward -looking analysis through specific scenarios, developed by the external provider Moody’s Analytics, consider the possible developments in diplomatic and trade relations between the United States of America and the European Union, the military conflict in the Middle East and between Russia and Ukraine . Specifically, the forward - looking component is determined by three macroeconomic scenarios: a baseline scenario, a positive scenario and an adverse scenario. The baseline scenario is weighted at 40% as it is considered the most likely to occur. The posit ive and adverse scenarios are weighted at 30% and respectively represent better or worse alternative possibilities. A key aspect required by IFRS 9 is the need to recognise at each reporting date whether there has been a significant increase in credit risk (SICR) on each individual credit exposure, transposed through a three-stage Staging Allocation model. With reference to the rated institutional counterparties with whom credit activity is carried out, the Group uses a method that compares the rating at the reference date and the rating recorded at the date the exposure was first recognised in the financial statements. The method which makes use of the external rating assigned by the agency Moody's, is also applied to the securities purchased by the Group for investment purposes. For other unrated counterparties, for staging allocation purposes, the Group relies on the regulatory backstops required by IFRS 9 (e.g., 30 days past due) and uses additional internal
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 17 evidence that may indicate a deterioration in the counterparty's creditworthiness. Specifically, with regard to retail counterparties, the Group uses a behavioral scoring model developed by the CRO Department. This model, through statistical analysis of a series of behavioral variables (e.g., current account movements, arrears, etc.), assigns each individual customer a score that represents a summary a ssessment of their creditworthiness. The score is recalculated for each customer at each reference date (monthly) and compared with the score obtained at the initial recognition date. This comparison allows us to determine whether there has been a signific ant increase in credit risk since origination and, if the conditions are met, automatically reclassify positions between stage 1 and stage 2. The model is used in parallel with the backstops required by regulation, which continue to be applied at the individual exposure level. With regard to the projections of future cash flows, assumptions and parameters used for the purposes of assessing the recoverability of goodwill, the Fineco brands and domains accounted for in the financial statements, it should be noted that the parameters and information used are significantly influenced by the macroeconomic market scenario, which could un dergo unpredictable changes in light of the uncertainties highlighted above. The results of the impairment test carried out for the preparation of the 2025 Financial Statements, approved by the Board of Directors on February 5, 2026, confirmed the sustainability of the goodwill, brands and domains recorded in the financial statements, not highlighting the need for a write- down in any of the hypothesized scenarios, confirming a value in use significantly higher than the book value. In this regard, it should be noted that the reasonably estimated changes as at September 30th, 2026 in the forecast data used as at 31 December 202 5 are not such as to have a significant impact on the positive outcome of the impairment test carried out with reference to this date. The scope of consolidation did not change in the first nine months of 2026 and includes the parent company FinecoBank and the fully consolidated subsidiary Fineco Asset Management DAC. Vorvel SIM S.p.A., the only investment subject to significant influence, was consolidated using the equity method. With reference to the contribution obligations under Directive 2014/49/EU (Deposit Guarantee Schemes - DGS), no contributions were recognized in the income statement as of September 30, 2026. With reference to the contribution obligations under Directive 2014/59/EU (Single Resolution Fund), no contributions were recorded in the income statement as of September 30, 2026. The Single Resolution Board has communicated that no contributions will be required for the 2026 financial year. Finally, with reference to the contribution obligations to the Life Insurance Guarantee Fund introduced by Law No. 213 of 30 December 2023, Article 1, paragraph 113, the income statement as of September 30, 2026 includes the estimated contribution required for the 2026 financial year, which had already been recorded in the first quarter of 2026. CERTIFICATIONS AND OTHER COMMUNICATIONS Related-Party Transactions With reference to paragraph 8 of Article 5 "Disclosure of related-party transactions" of the Consob Regulation on related -party transactions (adopted by Consob with resolution no. 17221 of 12 March 2010 and subsequently amended), please note that in the third quarter of 202 6 minor intercompany transactions and/or transactions with related parties in general, both Italian and foreign, were conducted within the ordinary course of business and related financial activities of the Bank, and were carried out under arm's length conditions, i.e. conditions similar to those applied to transactions with unrelated third parties.
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 18 During the same period, no other transactions were undertaken with related parties that could significantly affect the Bank's asset situation and results, or atypical and/or unusual transactions, including intercompany and related party transactions. MAIN DEFINITIONS - q/q: means current quarter versus previous quarter - y/y: means current period versus the same period of the previous years - Total Financial Asset (TFA): sum of Assets Under Management, Assets Under Custody and Direct Deposits - Cost/income ratio: is calculated on reclassified income statement as the ratio of Operating costs item and Revenues item - Cost of risk: is calculated as the ratio of net impairment losses of loans to customers in the last 12 months, includes only loans to ordinary customers, and loans to ordinary customers (average of the averages of the last four quarters, calculated as the a verage balance at the end of the quarter and the balance at the end of the previous quarter) - Ratio between the amount of non -performing loans and total loans to ordinary customers: is calculated as the ratio of non -performing loans net of impairment provision and loans to ordinary customers net of impairment provision - Coverage ratio: is calculated as the ratio of the amount of the impairment provision and the gross exposure DISCLAIMER This Press Release may contain written and oral “forward-looking statements”, which include all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward -looking statements rely on a number of assumptions, expectations, projections and provisional data concerning future events and are subject to a number of uncertainties and other factors, many of which are outside the control of FinecoBank S.p.A. (the “Company”). There are a variety of factors that may cause actual results and performance to be materially different from the express or implied contents of any forward-looking statements and, therefore, such forward-looking statements are not a reliable indicator of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law. The information and opinions contained in this Press Release are provided as at the present date and are subject to change without notice. Neither this Press Release nor any part of it nor the fact of its distribution may form the basis of, or be relied on or in connection with, any contract or investment decision. The information, statements and opinions contained in this Press Release are for information purposes only and do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to purchase or subscribe for securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. None of the securities referred to herein have been, or will be, registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction of the United States or in Australia, Canada or Japan or in any other jurisdiction where such an offer or solicitation would be unlawful (the “Other Countries”), and there will be no public offer o f any such securities in the United States or in the Other Countries. This Press Release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in the Other Countries.
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 19 Declaration of the Manager in Charge of preparation of the Financial Reports The undersigned Erick Vecchi, as Manager Responsible for Preparing FinecoBank S.p.A.’s Financial Reports, DECLARES in compliance with the provisions of the second paragraph of Article 154 -bis of the "Consolidated Finance Act", that the accounting information contained in this press release corresponds to results in the accounts, books and records. Milan, November 4th 2026 The Manager Responsible for Preparing the Company’s Financial Reports DATA AS OF OCTOBER 31ST, 2026 In October Fineco net sales reached €1.67 billion, 28% higher than the €1.30 billion recorded in October 2025. The Bank's growth path is confirmed by the acceleration in new clients, which reached around 25,800 in the month (+34% y/y), bringing the total year-to-date to 210k (+28% y/y). The asset mix highlights a solid Assets under Management component of €412 million. Deposits net sales at €-662 million and Assets under Custody net sales at €1,919 million, contributing significantly to very solid brokerage revenues (estimated at approximately €26 million). Year -to-date brokerage revenues reached approximately €238 million (+9% y/y).
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 20 figures in € million TOTAL NET SALES OCT 2026 OCT 2025 JAN-OCT ‘26 JAN-OCT ‘25 Assets under management 412 521 4,129 4,085 Assets under custody 1,919 869 11,120 5,576 Direct deposits -662 -88 -451 1,088 TOTAL NET SALES 1,669 1,301 14,798 10,749 TOTAL FINANCIAL ASSETS OCT 2026 DEC 2025 OCT 2025 Assets under management 80,437 74,041 72,921 Assets under custody 67,908 54,828 54,537 Direct deposits 31,221 31,682 30,761 TOTAL FINANCIAL ASSETS 179,566 160,552 158,219 Record month for new clients in October In October 25,810 new clients were acquired (+ 34% y/y), bringing the number of new clients since the beginning of the year to 210,035 (+28% y/y). The total number of clients as of October 31st, 2026 stood at 1,964,844 (+10% y/y). Total Financial Assets at €180 billion, Private Banking over €93 billion Total Financial Assets were equal to €1 79.6 billion, compared to €158.2 billion in October 2025 (+13% y/y). In particular, TFA related to Private Banking were at €93.2 billion, compared to €80.3 billion in October 2025 (+16% y/y). figures in € million PFA NETWORK NET SALES OCT 2026 OCT 2025 JAN-OCT ‘26 JAN-OCT ‘25 Assets under management 411 523 4,121 4,085 Assets under custody 1,231 499 6,812 3,371 Direct deposits -467 -66 -263 546 TOTAL NET SALES 1,176 956 10,671 8,002 PFA NETWORK TFA OCT 2026 DEC 2025 OCT 2025 Assets under management 79,921 73,556 72,430 Assets under custody 48,217 39,769 39,740 Direct deposits 23,720 23,985 23,421 TOTAL FINANCIAL ASSETS 151,858 137,311 135,590
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Consolidated Interim Financial Report as of September 30th, 2026 – Press Release 21 Enquiries Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 02 2887 2358 mediarelations@finecobank.com investors@finecobank.com Barabino & Partners Tel. +39 02 72023535 Emma Ascani e.ascani@barabino.it +39 335 390 334