Intesa Sanpaolo closed the first quarter 2025 with one double -digit growth of the profitwhich also represents the best result of all time, ferrying the first Italian bank to the ambitious targets scheduled for the entire year 2025.
“The results achieved by our bank in the first quarter of 2025 consolidate the position of Intesa Sanpaolo among the large European banks and confirm us element of stability and development for the country,” said CEO Carlo Messinaadding “for 2025we expect a net profit of well over 9 billion of euros, thanks to the strong potential of the bank’s organic growth “.
“With one of the remunerations for the highest shareholders In the European banking scene, this year we will return at least 8.2 billion euros to the shareholders – explained Messina – considering the balance dividend of May, the Buyback of June and the predictable interim dividend of November. Further capital distributions will be quantified at the end of the year “.
Net profit for historical tops
Intesa closed the first three months of the year with a net profit growing by 13.6% to 2,615 million of euros, the best ever, corresponding to a Roe by 20%which compares with the 2,301 million of the first quarter 2024.
The net interests equal to 3,632 million euros, are decreasing by 4.4% compared to the 3,801 million of the fourth quarter 2024 and 8% compared to the 3,947 million of the first quarter 2024. Le Net commissions equal to 2,435 million euros, growing by 0.8% compared to the 2,416 million of the fourth quarter 2024
Patrimonialisation Largely higher than the regulatory requirements, with Common Equity Tier 1 ratio at 13.3%.
On the front of the credit qualitythe incidence of deteriorated credits on total credits is equal to 1.2% net of the adjustments and 2.3% gross, respectively to 1% and 2% according to the EBA methodology.
Large returns for shareholders (and not only)
The solid economic and patrimonial trend of the quarter has translated into a significant Value creation for all stakeholdersalso based on the strong ESG commitment of the group.
In particular, the bank reports a “Significant” cash return for shareholders: 1.8 billion of dividends accrued in the quarter (which are added to the 3 billion of 2024 dividends balance to be paid in May 2025 and the buyback of 2 billion euros to be started in June 2025).
Also noteworthy 1.6 billion euros of generated taxes and a series DSocial initiatives: the expansion of the food program and shelter for people in difficulty (55.7 million interventions between 2022 and the first quarter 2025); The strengthening of initiatives to counter inequalities and encourage financial, social, educational and cultural inclusion (22 billion euros of social credit and urban regeneration between 2022 and the first quarter 2025); The contribution of approximately 1.5 billion euros of costs in the five-year period 2023- 2027 to the support of initiatives to meet social needs (of which over 0.7 billion euros already included in the results of 2023, 2024 and the first quarter 2025 and the remaining part including pro-quota in the prospect of net profit for the entire year 2025), with about 1,000 people dedicated to supporting the initiatives.
Perspectives for 2025
Intesa Sanpaolo confirms the Validity of financial targets for the year 2025confirming that the implementation of the company plan 2022-2025 “proceeds at full speed”, with a perspective of net profit for 2025 confirmed to well over 9 billion euro.
In addition, for 2025 it is expected: growing revenues, managed in an integrated way, with: resilience of net interests (expected at a level higher than that of 2023), thanks to the greater contribution of hedging on the exposed posts; Increase in net commissions and the result of insurance activity, based on the group leadership in the Wealth Management, Protection & Advisory activity; strong growth in trading profits.
One is expected strong value distribution: payout ratio cash equal to 70% of the profit consolidated net for each year of the business plan, with an increase in dividend by action relating to 2025 compared to the amount relating to 2024; buyback of 2 billion euros to be started in June 2025; Further distribution for 2025 to be quantified when the annual results will be approved.
