Third quarter 2025 results: highlights

31 October 2025

Intesa Sanpaolo achieved record nine-month Net income of €7.6 billion, including €2.4 billion in the third quarter, despite the sharp Euribor decline. Commissions and Insurance income both reached all-time highs.

These results confirm that Intesa Sanpaolo is well on track to deliver its full-year Net income target of well above €9 billion, including managerial actions to be taken in the fourth quarter to strengthen future profitability.

Intesa Sanpaolo achieved a 20% annualised Return on Equity (ROE) and a 24% Return on Tangible Equity (ROTE), with Earnings per Share (EPS) up 9% year-on-year. Intesa Sanpaolo will return €8.3 billion to shareholders this year, including a €3.2 billion interim dividend in November. Additional capital distributions will be quantified at year-end.

These results highlight Intesa Sanpaolo’s resilient, efficient and diversified business model—validated by the recent EBA stress test, in which Intesa Sanpaolo emerged as a top performer. The Bank’s strength was further recognized by the recent two-notch upgrade by Fitch and one-notch upgrade by DBRS to Intesa Sanpaolo’s credit rating.

Strong profitability also enables Intesa Sanpaolo to reinforce its world-class leadership in Social Impact, with €900 million already deployed to fight poverty and reduce inequalities.

Key highlights:

• Record profitability: €7.6 billion Net income; annualised ROE 20% and ROTE 24%
• Revenues: record-high Commissions (+5% YOY) and Insurance income (+5% YOY)
• Effective cost management: lowest-ever 9M Cost/Income ratio at 38.9%, best-in-class in Europe
• Zero-NPL Bank: 1.0% Net NPL ratio; NPL coverage >51%
• Rock-solid capital: ~13.9% Fully phased-in CET1 ratio, up 105bps in 9M
• Shareholder value: €5.3 billion dividends accrued in 9M, with €3.2 billion interim dividend in November; €2 billion share buyback completed; ~7% dividend yield
• Social Impact: €0.9 billion to fight poverty and inequalities.

Intesa Sanpaolo combines one of Europe’s highest capital returns and dividend yields with a rock-solid balance sheet and continued leadership in Social Impact. The Bank is also accelerating the generational renewal of its workforce, investing in technology, new skills and new talent to drive future growth and innovation.

Intesa Sanpaolo’s isytech platform is the engine driving the Bank’s next phase of digital transformation. With €5 billion already invested, more than 2,300 IT specialists hired, and 117 AI use cases already developed, Intesa Sanpaolo is building a cloud-native architecture—64% of applications already migrated—that makes innovation continuous, scalable and secure.

Wealth Management & Protection contributed 43% of gross income in the first nine months of 2025, confirming Intesa Sanpaolo’s leadership in Wealth Management, Protection & Advisory, with over €1.4 trillion in customer financial assets.

In brief, while delivering record results, Intesa Sanpaolo remains fully equipped to succeed in any scenario. This is thanks to resilient profitability, a rock-solid capital position, low leverage and strong liquidity, supported by one of Europe’s most diversified business models.

For full details on the 3Q25 financial results, together with the outlook and main strategic initiatives of the Intesa Sanpaolo 2022-2025 Business Plan, visit the Group’s Investor Relations section.