Download PDF

1. Company Snapshot

1.a. Company Description

Banca Popolare di Sondrio S.p.A., together with its subsidiaries, provides various banking products and services in Italy.The company offers current accounts, savings deposits, certificates of deposits, time deposit accounts, and bonds; and loans comprising foreign currency loans, artisan loans, agricultural loans, personal loans, and mortgage loans primarily to retail customers and SMEs. It also offers repurchase agreements, securities lending, custody and administration of securities, consultancy, individual portfolio management, guarantees, leasing, and factoring services.In addition, the company provides credit and debit cards, and insurance products, as well as collection and payment services; manages hotels; issues government securities and prime corporate bonds; and manages and maintains rented units.


As of December 31, 2021, it operated 350 branches.The company was founded in 1871 and is headquartered in Sondrio, Italy.

Show Full description

1.b. Last Insights on BPSO

Banca Popolare di Sondrio S.p.A.'s recent performance was positively driven by BPER's announcement of securing synthetic exposure to some of its own shares. This move signals optimism around growth potential and better handles possible share buybacks. The Italian lender's decision aims to enhance shareholder value. Additionally, the European market's current landscape, characterized by mixed economic signals and dovish comments from the U.S. Federal Reserve, has investors keenly observing dividend stocks with strong fundamentals. BPER's strategy to optimize its capital structure and provide steady income streams positions it favorably.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Card image cap

Top European Dividend Stocks For November 2025

Nov -27

Source:

Card image cap

Top 3 European Dividend Stocks To Consider

Nov -26

Source:

Card image cap

3 European Dividend Stocks Offering Up To 6.1% Yield

Nov -24

Source:

Card image cap

3 European Dividend Stocks Yielding Up To 5.5%

Nov -17

Source:

Card image cap

European Dividend Stocks To Enhance Your Portfolio

Nov -14

Source:

Card image cap

3 European Dividend Stocks Offering Yields Up To 4.2%

Nov -14

Source:

Card image cap

European Dividend Stocks To Consider In November 2025

Nov -06

Source:

Card image cap

Top 3 European Dividend Stocks To Consider

Nov -06

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.27%)

6. Segments

Businesses

Expected Growth: 2.5%

Banca Popolare di Sondrio S.p.A's 2.5% growth is driven by a strong deposit base, diversified revenue streams, and a solid capital position. The bank's focus on retail and SME lending, as well as its presence in the northern Italian region, contribute to its stable growth. Additionally, the bank's cost containment efforts and investments in digital transformation also support its growth momentum.

Central Functions

Expected Growth: 1.8%

Central Functions of Banca Popolare di Sondrio S.p.A, with 1.8% growth, are driven by efficient cost management, optimized branch network, and digital transformation. Strengthened risk management and robust capital adequacy also contribute to growth. Furthermore, the bank's focus on customer-centric services, innovative products, and strategic partnerships enhance revenue generation.

Individuals and Other Customers

Expected Growth: 2.2%

Individuals and Other Customers segment of Banca Popolare di Sondrio S.p.A grew 2.2% driven by increased lending to retail customers, expansion of branch network, and digital banking services. Additionally, competitive interest rates on deposits and loans, as well as targeted marketing campaigns, contributed to the growth.

Securities

Expected Growth: 2.8%

Banca Popolare di Sondrio S.p.A's 2.8% growth is driven by strong loan growth, particularly in the mortgage segment, and a solid deposit base. The bank's focus on digital transformation and cost containment measures have also contributed to its growth. Additionally, the bank's presence in the northern Italian region, where economic growth is higher, has supported its expansion.

Reconciliation

Expected Growth: 1.5%

The 1.5% growth in reconciliation with Banca Popolare di Sondrio S.p.A is driven by increased digitalization, improved operational efficiency, and a favorable interest rate environment. Additionally, the bank's strategic focus on SME lending and mortgage financing has contributed to the growth. Furthermore, the bank's cost-cutting initiatives and investments in digital platforms have enhanced customer experience, leading to increased customer acquisition and retention.

7. Detailed Products

Retail Banking

Provides personal banking services to individuals, including current and savings accounts, credit cards, personal loans, and mortgages.

Corporate Banking

Offers financial services to businesses, including cash management, trade finance, and lending solutions.

Private Banking

Provides wealth management services to high net worth individuals, including investment advice, portfolio management, and estate planning.

Asset Management

Manages investment funds and portfolios on behalf of institutional and individual clients.

Insurance Services

Offers a range of insurance products, including life insurance, non-life insurance, and pension plans.

Payment Services

Provides payment processing services, including credit card processing, online payments, and merchant services.

8. Banca Popolare di Sondrio S.p.A's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Banca Popolare di Sondrio S.p.A is moderate due to the presence of alternative banking services and financial institutions in the market.

Bargaining Power Of Customers

The bargaining power of customers is low due to the bank's strong brand reputation and customer loyalty, making it difficult for customers to negotiate better terms.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate due to the bank's dependence on a few large suppliers for technology and infrastructure, giving them some negotiating power.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in the banking industry, including regulatory hurdles and high capital requirements.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of many established banks and financial institutions in the market, leading to intense competition for customers and market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 73.42%
Debt Cost 4.83%
Equity Weight 26.58%
Equity Cost 10.79%
WACC 6.41%
Leverage 276.17%

11. Quality Control: Banca Popolare di Sondrio S.p.A passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Banca Generali

A-Score: 7.3/10

Value: 5.0

Growth: 6.1

Quality: 8.5

Yield: 8.8

Momentum: 7.0

Volatility: 8.3

1-Year Total Return ->

View Full Report
Stock-Card
FinecoBank

A-Score: 7.0/10

Value: 3.6

Growth: 7.8

Quality: 8.8

Yield: 6.9

Momentum: 8.0

Volatility: 7.0

1-Year Total Return ->

View Full Report
Stock-Card
Banca Sondrio

A-Score: 6.8/10

Value: 6.7

Growth: 4.9

Quality: 6.1

Yield: 8.8

Momentum: 9.5

Volatility: 5.0

1-Year Total Return ->

View Full Report
Stock-Card
Berner Kantonalbank

A-Score: 6.7/10

Value: 5.7

Growth: 5.3

Quality: 5.1

Yield: 6.9

Momentum: 7.5

Volatility: 10.0

1-Year Total Return ->

View Full Report
Stock-Card
Mediobanca

A-Score: 6.7/10

Value: 5.5

Growth: 5.1

Quality: 7.1

Yield: 10.0

Momentum: 6.5

Volatility: 6.0

1-Year Total Return ->

View Full Report
Stock-Card
LLB

A-Score: 6.6/10

Value: 7.2

Growth: 4.0

Quality: 5.4

Yield: 6.9

Momentum: 6.5

Volatility: 9.7

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

14.91$

Current Price

14.91$

Potential

-0.00%

Expected Cash-Flows