Intesa Sanpaolo’s first quarter 2025 results - Highlights

6 May 2025

In 1Q25, Intesa Sanpaolo delivered its best-ever net income, at €2.6 billion, driving an annualized Return on Equity (ROE) of 20%.

This exceptional start to the year supports the full-year net income guidance of well above €9 billion for 2025.

Intesa Sanpaolo continues to offer one of the highest dividend yields in European banking. In 2025, the Group will distribute at least €8.2 billion, including a €2 billion share buyback. Additional capital distribution will be quantified at the end of the year.

Intesa Sanpaolo also strengthened its capital position, increasing its CET 1 ratio by 45 basis points (bps) in the first quarter.

The Group’s strong profitability enables Intesa Sanpaolo to maintain its global leadership in Social Impact, a key pillar of its long-term strategy.

Key highlights:

Best-in-class profitability: Record quarterly net income at €2.6 billion. Commissions rose 7%, with an 11% increase from Wealth Management and Protection activities. Insurance income posted its best-ever quarter.
Effective cost management: Cost/Income ratio at an all-time low of 38.0%, best-in-class in Europe.
Zero-NPL Bank: 1.0% net NPL ratio, at historical lows.
Rock-solid capital position: ~13.3% fully phased-in CET1 ratio, up ~45 bps in Q1.
Sustainable value creation: €1.8 billion cash dividends accrued in Q1; €3 billion cash dividends to be paid in May; €2 billion share buyback in June; ~8% dividend yield.
World-class position in Social Impact: Over €0.7 billion deployed (2023-1Q25) to fight poverty and reduce inequality.

On the tech side, Intesa Sanpaolo’s digital bank isybank reached 1 million clients, with a strong acceleration in Q1 that confirms the success of the Group’s digital strategy. Tech investments reached €4.4 billion, driving generational workforce renewal and significant efficiency gains.

Intesa Sanpaolo is a leader in Wealth Management, Protection & Advisory, with ~€1.4 trillion in customer financial assets and an unmatched client advisory network with ~17,000 dedicated People—projected to grow to ~20,000 by 2027.

While delivering the best quarter ever, Intesa Sanpaolo is fully equipped to succeed in any scenario thanks to:

Resilient profitability and rock-solid capital position, combined with low leverage and strong liquidity.
Well-diversified and resilient business model, anchored by leadership in Wealth Management, Protection & Advisory, with fully-owned product factories and ~€1.4 trillion in customer financial assets.
Zero-NPL profile, with net NPL stock at just €5.0 billion, a 1.0% net NPL ratio and €0.9 billion in overlays.
Significant tech investments, with €4.4 billion deployed in the 2022-1Q25 period.
High strategic flexibility on costs, enabled by accelerated tech transformation.
Well-diversified loan portfolio and best-in-class proactive credit management.
A long-standing, motivated and cohesive management team with a strong track record of overdelivering on commitments.

More information on the 1Q25 financial results, together with the outlook and main strategic initiatives of the Intesa Sanpaolo 2022-2025 Business Plan, is available in the Group’s Investor Relations section.