MILAN (ITALPRESS) – Intesa Sanpaolo closes the first half with a net profit growing 6.5% to 5.554 million, from 5,216 million in the first half of 2025. The consolidated economic account of the first half of 2026 recorded net interest of 7,480 million, up by 0.6% compared to 7,432 million in the first half of 2025. Net commissions amounted to 5.131 million, up 4.9% compared to 4.891 million in the first half of 2025. The result of the insurance business amounted to 973 million, compared to 922 million in the first half of 2025. The net result of the financial assets and liabilities valued at the fair value amounted to 905 million, compared to 552 million in the first half of 2025, with the share relative to the customers that stands at 176 million compared to 179 million, that of capital market that increases to 241 million from 172 million and that of the activity of securities portfolio and treasury that rises to 488 million from 201 million.
Net operating income amounted to 14.533 million, up 5.3% compared to 13.795 million in the first half of 2025. Operating costs amounted to 5,222 million, down by 0.7% compared to 5,260 million in the first half of 2025, following a decrease of 0.4% for staff expenditure, 0.1% for administrative expenditure and 3.4% for depreciation. Consequently, the operating result amounted to 9,311 million, up 9.1% compared to 8.535 million in the first half of 2025. The cost/income ratio in the first half of 2026 is 35.9%, compared to 38.1% in the first half of 2025. Gross current income amounted to 8,617 million, compared to 7.944 million in the first half of 2025. As regards the consolidated balance sheet, as at 30 June, loans to customers amounted to 437 billion, an increase of 2.8% compared to 31 December 2025 and 4.4% compared to 30 June 2025.
Patrimonialization is very solid, with capital coefficients on levels broadly higher than regulatory requirements. At 30 June, deducting from the capital 5.3 billion distribution accrued in the first half of 2026 and 2.3 billion buyback started in July 2026, the Common Equity Tier 1 ratio was 13.1%, at 13.8% considering approximately 75 cents of benefit from the absorption of deferred active taxes. The implementation of the enterprise plan 2026-2029 proceeds at full pace, with a perspective of net profit for the 2026 improved to more than 10 billion, deriving from: increase of revenues, driven mainly by commissions and the result of the insurance activity, with net interests increasing to more than 15 billion; stable costs; significant reduction of provisions; increase of taxation and taxes and other charges regarding the banking and insurance system. Strong value distribution is expected: payout ratio for 2026 to 95%, of which 75% from cash dividends and 20% from buyback; buyback equal to 2.3 billion launched in July.
The results of the Intesa Sanpaolo Group in the first half highlight the ability to operate successfully in each scenario and to realize a significant and sustainable creation and distribution of value, with a perspective of net profit for the 2026 improved to more than 10 billion. The solid economic and asset performance of the semester has resulted in a significant value creation for all stakeholders by the Group, which is positioned at the world leaders for social impact. In particular, significant cash return for shareholders with 5.3 billion distribution accrued in the semester, of which 4.2 billion as dividends (of which approximately 3.8 billion planned as dividends to be distributed in next November), which are added to the buyback equal to 2.3 billion started in July.
MESSINA “PIENA CAPACITÀ DI DARE ESECUZIONE A PIANO D’IMPRESA”
“The results of the first half demonstrate the strong capacity of Intesa Sanpaolo to fully implement the 2026-2029 Business Plan and achieve all the objectives set out. In fact we record the best six months of our history, thanks also to the best trimester always, with a net result pairs to 5,6 billion in the semester and 2,8 billion euros in the second trimester”. Thus Carlo Messina, Ceo di Intesa Sanpaolo, adding that “we have achieved record levels of revenues, commissions and insurance activities, confirming the strength of our business model and the technological leadership of the Group. The annual ROE stands at 20%, with an annual ROTE of 25%, confirming us at the top of the European banking sector for profitability. The quality of the results achieved in the first half allows us to improve the net result guidance for 2026, bringing the objective to more than 10 billion”.
For Messina “Intesa Sanpaolo continues to confirm itself among European banks with the highest levels of remuneration for shareholders. In the course of 2026 we expect to distribute to shareholders about 9,4 billion through dividends and buybacks. In the first half we have already matured 5.3 billion for distribution to shareholders, including 4.2 billion cash dividends, of which approximately 3.8 billion will be distributed with the interim dividend of November”.
– Press Office photos Intesa Sanpaolo –
