Market Ratios - Historical figures

Price/book value
The indicator reflects the value attributed by the market to the Shareholders' equity of a listed company, hence indirectly to the company’s overall assets. The indicator for 2023 is reported in relation to both average figures and year-end figures.

_{Figures for the periods prior to 2007 refer to Gruppo Intesa and have not been restated to consider the merger.}

Pay-out ratio
The indicator reports the portion of net income paid out as dividends.   

_{(*) For the purpose of calculating the payout, the consolidated net income for 2020, equal to 3,277 million euro, was adjusted, excluding the items related to the acquisition of UBI Banca consisting of the effects of purchase price allocation, including negative goodwill (+2,062) and charges for integration (-1,378 million euro), as well as the impairment of goodwill of the Banca dei Territori Division (-912 million euro).}

_{(**) For 2023, 2021 and 2020 the amounts proposed/distributed were partially taken from reserves. For 2013 and 2011 the amounts distributed were taken from reserves.}
The amount of dividends for 2022 slightly differs from the amount published in the 2022 Annual Report due to the annulment of shares which followed the execution of the buyback programme and the resulting increase in the unit dividend.
In November 2023, an interim divided was paid for a total of 2,629 million euro (net of the undistributed portion for own shares held at the record date, for an amount of 3.7 million euro). Interim dividends were also distributed for the years 2022 and 2021: in November 2022 for a total of 1,400 million euro (net of 1.8 million euro relating to own shares held at the record date); in November 2021 for a total of 1,399 million euro (net of 2.2 million euro relating to own shares held at the record date).

Dividend yield
This indicator measures percentage return on the share, calculated as the ratio between dividends for the year and the average annual market price in the reference year.   

_{(*) The 2022 remaining dividend per share has undergone an increase compared to the resolution of the Intesa Sanpaolo Shareholders' meeting of 28 April 2023 (from 8.68 euro cents to 9.01 euro cents) following the annulment, on 2 May 2023, of all own shares purchased in execution of the buyback programme which was launched on 13 February 2023 and concluded on 4 April 2023.}