Intesa Sanpaolo’s full-year 2024 earnings highlights

With a €8.7 billion Net income (+12% vs FY23), 2024 marks the best year ever for Intesa Sanpaolo, delivering best-in-class profitability.

This excellent performance enables us to reward shareholders with €6.1 billion in cash dividends for 2024. A new share buyback of €2 billion will be launched in June, subject to shareholders’ approval.

Net income guidance for 2025 has been raised to well above €9 billion.

In 2024, Intesa Sanpaolo saw strong growth in commissions (+9% vs FY23, accelerating in Q4) and the best year ever for Insurance income (+4% vs FY23).

Customer financial assets grew €77 billion, reaching around €1.4 trillion, with €5.1 billion in net inflows into Assets under Management (AuM) in Q4.

Effective cost management – while continuing to invest heavily in technology – drove the Cost/Income ratio to 42.7%, the lowest-ever and best-in-class in Europe.

Technology is a key priority, with €4.2 billion already invested, over 2,300 IT specialists hired, and 62% of applications now cloud-based.

Intesa Sanpaolo holds a world-class position in Social Impact, having already deployed €0.7 billion to fight poverty and reduce inequalities. In 2024 alone, we allocated around €340m, supported by a team of 1,000 dedicated professionals.

Intesa Sanpaolo’s excellent performance benefits all its stakeholders:

• Shareholders: €6.1 billion in cash dividends paid for 2024, with over €2.4 billion going directly to Italian households and to charitable foundations
  
• Employees: €7.2 billion paid in personnel expenses; Intesa Sanpaolo recognised as Top Employer Europe 2025
• Public sector: €5.3 billion in taxes paid (€0.7bn increase vs FY23)
• Households and businesses: €69.8bn in medium/long-term new lending in 2024, with around 3,100 Italian companies helped to return to performing status during the year (~144,000 since 2014).

Results achieved in 2024, the third year of the 2022-2025 Business Plan, are well above the four-year targets.

More information on the financial results together with the outlook and main industrial initiatives of the Intesa Sanpaolo 2022-2025 Business Plan, are available in the Group’s Investor Relations section.