net profit 2024 to 8.7 billion (+12.2%)

Intesa Sanpaolo closes the 2024 exercise with one strong growth of profit (+12%),confirming the ability “to generate solid sustainable profitability” and keeping one generous remuneration for its shareholders. To this is added a very solid patrimonializationon levels above the regulatory requirements, and the constant support to the real economywith 70 billion euros of new medium-long deadline paid in 202 (43 billion in Italy, of which approximately 38 billion provided to families and small and medium-sized enterprises).

The results of 2024

In 2024, for the group he recorded a net profit growing 12.2% to 8,666 million Euro, from 7,724 million in 2023, while the gross current result is growing by 13.9% to 13,736 million euros, from 12,056 million in 2023ed the result of the operational management of 12.5% ​​compared to 2023.

Operational proceeds 7.5%growth compared to 2023 (net interests +6.9%, net commissions +9.4%, the result of insurance activity +4.1%) e operating costs increased 1.3% compared to 2023.

Very solid patrimonialization

Very solid patrimonialization, with COefficient assets on levels largely higher than the regulatory requirementsthe. As of 31 December 2024, deducing from capital 3 billion euros of Dividendi 2024 paid in November 2024 and 3.1 billion euros in balance dividendi 2024 proposed, the Common Equity Tier 1 ratio was 13.9%A fact that compares with a SREP requirement of 9.88%.

The coefficient is equal to 13.3% if calculated by also deducing 2 billion euros of buyback authorized by the ECB, and without considering about 120 cents of the benefit point deriving from the absorption of the different active taxes (DTA), of which approximately 20 in the 2025.

Significant returns for shareholders

The solid economic and patrimonial trend of the year has translated into one significant creation of value for all stakeholdersalso based on the strong ESG commitment of the group.

In particular, the bank provides for a significant cash return for shareholderswith the proposal to the assembly of total dividends equal to 6.1 billion euroscorresponding to a Payout Ratio equal to 70% consolidated net profit (3 billion down payment 2024 dividends paid in November 2024 and proposal of 3.1 billion balance 2024 dividends to be paid in May 2025) and a buyback of 2 billion euros to be started in June 2025 (authorized by the ECB).

The Board of Directors meeting today has decided to propose to the next ordinary assembly la distribution of 17.1 euro cents per sharegross of withholding taxes, such as Dividendi balance (which is added to 17 cents of deposit paid in November 2024) and the execution of a purchase of its own shares equal to 2 billion euros to be started in June 2025. The dividing by overall action proposed for 2024 is therefore equal to 34.1 euro cents. By comparing the overall unitary amount proposed to 34.1 cents Euro at the reference price of the action recorded on average in 2024, there is a yield (dividend yield) equal to 9.8%.