A bank of excellence in support of the real economy

Figures as at 30 June 2026

The Group’s results for the first half of 2026, with a net income of €5.6bn, highlight that Intesa Sanpaolo, Europe’s most resilient bank (as shown in the EBA stress test), is fully equipped to succeed in any scenario and deliver significant and sustainable value creation and distribution. The net income outlook for 2026 has been upgraded to over €10bn.

Intesa Sanpaolo is fully equipped to operate successfully in any scenario thanks to the Group’s key strengths, including:

• resilient profitability also due to the integrated management of revenues to create value, as highlighted in particular in the EBA stress test;
• solid capital position, with the Common Equity Tier 1 ratio at 13.1%, low leverage, strong liquidity and zero-NPL bank status;
• high flexibility in managing operating costs, also thanks to the acceleration in technological transformation (€6bn investments already deployed in the period 2022 - H1 2026), enabling generational change at no social cost and cost savings (around €570m at run rate in 2030), with no impact on revenues thanks to technology/AI-enabled process streamlining; Group headcount reduction of around 6,100 by 2029;
• its leadership in Wealth Management, Protection & Advisory, with over €1,500bn in customer financial assets, characterised by fully-owned product factories, enabling quick time-to-market and production/distribution synergies, distinctive advisory networks, with around 19,100 people⁽¹⁾ dedicated, around 600 more than at year-end 2025 and expected to grow to around 22,500 by 2029, and 360-degree advisory services⁽²⁾, regarding customer financial assets that amounted to €183bn as at 30 June 2026, up by €31bn compared with 30 June 2025.

The solid performance of income statement and balance sheet in the first half translated into significant value creation for all stakeholders generated by the Group, which maintains a world-class position in Social Impact. Specifically:

• significant cash return to shareholders: €5.3bn accrued in H1 2026 for distribution, of which €4.2bn as dividends (of which around €3.8bn envisaged as interim dividend to be distributed in November 2026), in addition to the buyback of €2.3bn launched in July 2026;
• €3.6bn taxes generated, up by €0.4bn on H1 2025;
• strengthening of financial inclusion, with €3bn of social lending disbursed in H1 2026;
• over €1.1bn already deployed⁽³⁾ in the period 2023 - H1 2026 (of which around €130m in H1 2026) to fight poverty and reduce inequalities.

The implementation of the 2026-2029 Business Plan is proceeding at full speed. Specifically with cost reduction, benefitting from the strong investments in technology already deployed, revenue growth, fuelled by Wealth Management, Protection & Advisory leadership, low cost of risk thanks to the zero-NPL bank status and high-quality origination, significant investments in the Group’s People, its most important asset, and leadership in Social Impact, supporting clients in the sustainable transition and confirming commitments to decarbonisation.

As a result of the strategic decisions taken, Intesa Sanpaolo has maintained its position as one of the most solid international banking Groups. In addition to the above, the Group’s key strengths are also: robust liquidity, strong funding capability and low leverage.

Specifically, with regard to the components of the Group’s liquidity:

• the high level of available unencumbered liquid assets (including eligible assets with Central Banks received as collateral and excluding eligible assets currently used as collateral) amounted to €213bn at end of June 2026;
• the high level of liquid assets (comprising available unencumbered liquid assets, excluding eligible assets received as collateral, and eligible assets currently used as collateral) amounted to €308bn at end of June 2026;
• liquidity indicators well above regulatory requirements: Liquidity Coverage Ratio at 138%⁽⁴⁾ and Net Stable Funding Ratio at 120%⁽⁵⁾;
• the sources of funding were stable and well diversified, with retail funding representing 74% of direct deposits from banking business (including securities issued);
• medium/long-term wholesale funding was €8.2bn in H1 2026 and included benchmark transactions of Additional Tier 1 of €1.25bn, Tier 2 of €0.5bn and $1bn, green senior non-preferred of €1.25bn and senior non-preferred of $2.5bn (92% was placed with foreign investors⁽⁶⁾).

The MREL ratio as at 30 June 2026⁽⁷⁾, calculated on risk-weighted assets, was 36% for the total and 22.8% for the subordination component, compared with requirements of 26.1% and 18%, respectively, comprising a Combined Buffer Requirement of 4.5%.

The Group’s leverage ratio as at 30 June 2026 (which includes exposures to the European Central Bank) was 5.8%⁽⁸⁾, best in class among major European banking groups.

Intesa Sanpaolo continues to operate as a growth accelerator in the real economy: with around €44bn of medium/long-term new lending in H1 2026. Loans amounting to around €25bn were disbursed in Italy, of which around €23bn was disbursed to households and SMEs. In H1 2026, the Group facilitated the return from non-performing to performing status of around 1,200 Italian companies thus safeguarding around 6,000 jobs. This brought the total to around 148,000 companies since 2014, thus safeguarding around 740,000 jobs over the same period.

The Intesa Sanpaolo Group’s operating structure as at 30 June 2026 had a total network of 3,567 branches, consisting of 2,644 branches in Italy and 923 abroad, and employed 89,725 people.

⁽¹⁾ Financial Advisors, Private Bankers, Global Advisors, Relationship Managers for Exclusive customers, Relationship Managers for Affluent customers, and Relationship Managers and Financial Advisors of the International Banks Division
⁽²⁾ Valore Insieme, Private Advisory, WE ADD and Sei
⁽³⁾ Including structure costs related to the people dedicated to sustaining the initiatives/projects
⁽⁴⁾ Average for the last twelve months
⁽⁵⁾ Preliminary management figures
⁽⁶⁾ Not taking into account €0.75bn of covered bonds issued by VUB Banka
⁽⁷⁾ Preliminary management figures, taking into account the buyback launched in July 2026. Total MREL ratio equal to 35.9% and subordination component equal to 22.7% not including any H1 2026 net income
⁽⁸⁾ Equal to 5.7% not including any H1 2026 net income