Intesa Sanpaolo exceeds estimates: nine-month profit at EUR 7.6 billion
In the third quarter profits at 2.4 billion. For the year a result 'well over 9 billion' is expected
Key points
Intesa Sanpaolo beat estimates and closed the first nine months of the year with a net profit of €7.6bn, up 5.9% compared to €7.2bn in the same period last year. In the third quarter, net profit rose to €2.4bn and compared to €2.6bn in Q2 2025 and €2.4bn in Q3 2024.
A result described in a note as 'fully in line with the net profit outlook for 2025 at well over EUR 9 billion, including management actions in the fourth quarter of the year to further strengthen the future sustainability of the group's results'. Net operating income for the nine months was stable at EUR 20.4 billion, while operating expenses fell by 0.4 per cent to EUR 7.9 billion.
Remuneration to shareholders
In the first nine months of the year, Intesa Sanpaolo generated a "significant cash return for shareholders: 5.3 billion euro in dividends accrued in the nine months, of which 3.2 billion euro was distributed as an interim dividend in November". Dividends, Intesa Sanpaolo notes, "which are in addition to the 2 billion euro buyback concluded in October 2025".
The board of directors therefore resolved to distribute 18.6 eurocents per share, gross of withholding taxes, as an interim dividend based on the 2025 results, "as there are no contraindications - we read in the documents to the market - deriving from the results foreseeable for the fourth quarter of 2025 nor recommendations from the regulators regarding the capital requirements applicable to Intesa Sanpaolo that prevent such distribution".
Capital ratios are in fact 'well above the minimum requirements set by supervisory regulations and in particular the Common Equity Tier 1 ratio, which is also well above the 12% target set by the Group in the 2022-2025 Business Plan' and stood at 13.9% as at 30 September.
