Record Q3 and 9M: 2026 Net income guidance upgraded to well above €10bn
3 November 2026
Intesa Sanpaolo posted record nine-month Net income of €8.2 billion, including more than €2.6 billion in the third quarter – also a third quarter record.
These excellent and sustainable results – delivered despite an almost €1 billion tax impact from Italy’s 2026 Budget Law – have enabled Intesa Sanpaolo to upgrade its 2026 Net income guidance to well above €10 billion.
Annualised Return on Equity (ROE) reached 21%, with an annualised Return on Tangible Equity of 26%, while earnings per share (EPS) increased by 10% year-on-year.
In the first nine months of the year, Intesa Sanpaolo recorded its highest-ever revenues, while Customer financial assets grew to more than €1.5 trillion, reflecting continued commercial momentum.
Intesa Sanpaolo continues to offer one of the highest and most sustainable dividend yields in European banking. This year, the Bank is returning €9.4 billion to shareholders through dividends and buybacks, including a €3.8 billion interim dividend to be paid in November.
Execution of the 2026-2029 Business Plan is proceeding at full speed, with 100% initiatives already launched. The Monte dei Paschi di Siena transaction represents a further opportunity for value creation, fully consistent with Intesa Sanpaolo’s disciplined approach to growth. The transaction will accelerate execution of the Business Plan, with zero integration risk.
9M26 Results: Financial highlights
Key figures from the first nine months of 2026:
- Best-in-class profitability:
- €8.2 billion Net income, the best-ever nine-month result, with a record third quarter and record-high revenues, Commissions and Insurance income
- 21% annualised ROE and 26% annualised ROTE
- Effective cost management: 36.7% Cost/Income ratio, the lowest-ever for the first nine months and best-in-class in Europe
- Zero-NPL Bank: 0.8% Net NPL ratio, an all-time low, with NPL coverage increased to 50.3%
- Rock-solid capital position: CET1 ratio of around 13.1%, rising to around 13.8% including an additional 70 basis points from DTA absorption
- High and sustainable value creation and distribution:
- €7.8 billion accrued for distribution in the first nine months including more than €6.1 billion in cash dividends
- €3.8 billion interim dividend to be paid in November
- €2.3 billion share buyback completed in October
- ~7.5% dividend yield
Additional financial and commercial highlights:
- Record-high Operating income, Operating margin and Gross income
- Record nine-month and third-quarter Commissions (+5% vs 9M25) and Insurance income (+6% vs 9M25)
- Net interest income up 2% vs 9M25 and 1% vs Q2
- Loans to customers up 4% year-on-year, confirming solid lending momentum
- Customer financial assets increased by €100 billion year-on-year
- World-class position in Social Impact: more than €1.2 billion contribution deployed since 2023 to fight poverty and reduce inequalities
Strong results benefiting all stakeholders
Intesa Sanpaolo’s strong financial performance benefits all its stakeholders, supports the real economy and contributes to the fight against poverty and inequalities.
More specifically:
- Shareholders: €8.2 billion Net income, with around 35% of cash dividends (~€2.2bn) to go directly to Italian households and to charitable foundations. €7.8 billion accrued for distribution in the first nine months, including more than €6.1 billion in cash dividends
- Households and businesses: €66.4 billion in new medium/long-term lending, up 5% year-on-year, with around 1,900 Italian companies helped to return to performing status in the first nine months of 2026 (approximately 148,600 since 2014)
- Employees: €4.8 billion in Personnel expenses. Intesa Sanpaolo ranked first in the 2026 Universum ranking and was confirmed as Top Employer Europe 2026 and Top Employer Italy for the second and fifth consecutive year, respectively
- Public sector: €5.2 billion in taxes generated in the first nine months and €900 million impact due to Italy’s 2026 Budget Law
Full details of Intesa Sanpaolo’s financial results for the first nine months of 2026 and the MPS transaction are available in the Group’s Investor Relations section.
Last updated 3 November 2026 at 13:22:11
