Intesa Sanpaolo closed the first half of the year with useful for over 5.2 billionconfirming the ability to generate solid and sustainable profitability. The bank led by Carlo Messina also revised upright estimates for the current year, well over 9 billion euros.
The results of the semester
The consolidated net result of Intesa Sanpaolo in the first semester is equal to 5.216 billion euros and compares with that equal to 4.766 billion in the first half of 2024.
The gross current result It is equal to 7.956 billion euros, compared to 7.744 billion in the first half of 2024, while the result of the operational management amounts to 8.547 billion euros, growing 1.9% compared to the 8.387 billion of the first half of 2024.
THE Net operating proceeds equal to 13.789 billion euros, up to 1.1% compared to the 13.637 billion of the first semester 2024, deriving from net interests equal to 7.432 billion euros, decreased by 6.8% compared to 2024, and net commissions of 4.884 billion euros, growing 4.7% compared to 2024. In detail, there is a decrease in 2.7% of the commissions from commercial banking and a growth of 8.7% of the commissions from management, intermediation and consultancy activities.
the Result of insurance activity It amounts to 922 million euros, compared to 903 million in 2024. The net result of financial assets and liabilities evaluated at fair value amounts to 552 million euros, compared to 101 million in 2024
Solid patrimonializationwith a Common Equity Tier1 Ratio growing 65 cents at point in the first semester 2025 at 13.5% (13.3% at the end of 2024, 12.8% Proformo deducing the negative impact of Basel 4), total property coefficient at 19.1% (19% at the end of 2024, 18.4% Proformo deducing the negative impact of Basel 4).
Value creation for shareholders
The solid economic and patrimonial trend of the semester – underlines the bank – has translated into a significant creation of value for all stakeholdersalso based on the strong ESG commitment of the group. In particular, the significant should be reported Return cash for shareholdersequal to about 3.7 billion in dividends accrued in the semester (of which approximately 3.2 billion expected as a dividends to be distributed in next November), which are added to buyback of 2 billion euros started in June 2025.
Eutlook rise on the profit 2025
The company plan 2022-2025 is close to completion, with one perspective of net profit 2025 improved for well over 9 billion of euros, including management actions in the fourth quarter of the year for the further strengthening of the future sustainability of the group’s results.
For 2025 Growth revenues are expectedwith resilience of net interests (expected for 2025 at a level well beyond that of 2023 and for 2026 increasing) and a increase from the Net commissions and of the Result of insurance activity. There are also operating costs in front of a decrease in a decrease in the people of the group for already agreed voluntary exits and natural turnover, the additional benefits deriving from technology (rationalization of branches and streamlining of IT processes) and rationalization of properties.
One is expected strong distribution of value to shareholders With a Payout Ratio Cash equal to 70% of the consolidated net profit for each year of the business plan, with an increase in dividend per share relating to 2025 compared to the amount relating to 2024 and buyback of 2 billion euros started in June 2025.
The Board of Directors approved a down payment on cash dividends – to be distributed to the results of 2025 – for about 3.2 billion euro. The further distribution for 2025 will be quantified when the annual results will be approved.
