MILAN (ITALPRESS) – Intesa Sanpaolo closes the first nine months of 2026 with a consolidated net profit of 8.2 billion euros, up 8.1% compared to the same period of 2025. The group improves the perspective for the whole exercise, now indicated “well beyond” the 10 billion. The gross current result rises by 9.4% and the operating result of 9%. Net operating income grew by 5%, with net interest at +2.3%, net commissions at +5.2% and result of the insurance activity at +5.8%, while the net result of the assets and financial liabilities at fair value recorded a strong growth. Operating costs decrease by 1.3%. The Common Equity Tier 1 ratio is 13.1%, after having deducted from the capital the distribution matured. Salt to 13,8% considering about 70 cents of benefit from the absorption of deferred active taxes (DTA). The level is broadly higher than regulatory requirements. The distribution accrued in nine months amounts to 7.8 billion: 6.1 billion dividends, of which 3.8 billion in payment as agreed this month, and 2.3 billion buyback, concluded in October.
The incidence of degraded credits on the total is 0.8% net of adjustments and 1.6% gross, according to the EBA methodology. The annual risk cost is 19 basic points. The exposure to Russia is almost zero. In the nine months the group has provided approximately 37 billion new medium-long term credit to Italian families and companies. Around 1,900 companies have been reported in bonis (about 148,600 since 2014), preserving approximately 9,500 and 743,000 jobs respectively. The group has generated 5.2 billion taxes, which are added 0.9 billion impact due to the Italian Budget Law for 2026. The social lending provided in the nine months is 4.4 billion, while investments to counter poverty and reduce inequalities exceed 1,2 billion between 2023 and nine months 2026.
“In the first nine months of 2026 we have achieved the best net result ever, pairs to 8,2 billion euros. The third quarter, with a net profit of more than 2,6 billion, was the best third trimester ever. These results confirm the solidity of our business model and the ability to fully implement the Business Plan 2026-2029”. Thus in a note the Italian Ceo di Intesa Sanpaolo, Carlo Messina. “We have recorded revenues to the historical maximum, growing in all components thanks to the diversification of our business model. The financial assets of the customers have exceeded 1,500 billion euros, confirming the continuous commercial momentum of the Group – continues -. The annual ROE is 21% and the ROTE annualized to 26%, confirming us at the top of the European banking sector for profitability. The profit by action grew by 10% compared to the first nine months of 2025. Thanks to the results achieved in the first nine months, we can review the net profit guide for 2026, bringing it to more than 10 billion euros, despite the fiscal impact of almost one billion euros of the Budget Law 2026′′′.
MESSINA “SUA SOLIDITÀ È CONTRIBUTO CONCRETO AL PAESE”
“Intesa Sanpaolo continues to offer one of the highest and most sustainable dividend yields in the European banking sector. In 2026 we will distribute to shareholders 9,4 billion euros through dividends and buybacks, including a deposit on dividend of 3,8 billion euros, which will be paid in the next few weeks – says the EC -. In the first nine months of 2026 we paid 66,4 billion euros of new credit to families and enterprises, of which about 15,1 billion destined to medium-long term financing for the sustainable transition and 4,4 billion to new social credit. Loans to customers increased by 4% on an annual basis. The strict discipline in the execution of the Business Plan and in the control of costs continues to support the efficiency of our business model. The cost/income ratio was 36.7% at 30 September 2026, the lowest level ever for the first nine months and among the best in Europe, thanks to a further reduction in operating costs. Our position of Bank “Zero-NPL” continues to strengthen. The net NPL ratio, equal to 0.8%, and the flows of new deteriorated credits are kept to the historical minimum; the coverage of the deteriorated credits has increased significantly. The quality of the portfolio, widely diversified, is confirmed at the top of the sector, without signs of deterioration. The cost of annual risk is 19 basic points – Messina concludes. Our position is extremely solid, with a CET1 ratio of approximately 13.1%”.
“The solidity of Intesa Sanpaolo translates into a concrete contribution to the country. In the first nine months of 2026 the Group generated 5.2 billion euros of taxes and recorded an impact of 900 million attributable to the effects of the Budget Law for 2026, according to the three-year agreements signed last year, while at the same time supporting the employment and financing of families and enterprises. The Italian financial sector also contributes significantly to the financing of public debt. The banks, insurance companies and other Italian financial intermediaries hold almost 780 billion euros of Italian government bonds – continues -. Our leadership is also confirmed in the social impact. In the first nine months of 2026 we have allocated more than 210 million euros to initiatives and projects for communities, to combat poverty and reduce inequalities. We continue to support the sustainable transition, accompanying families and enterprises in the investments necessary for the evolution of the economy.”.
“The quality of our people is the foundation of the results we continue to achieve and our ability to create sustainable value over time. To them goes my most sincere thanks for the professionalism, dedication and excellent contribution with which, every day, make possible the success of Intesa Sanpaolo”, concludes Messina.
– Photo Ipa Agency –
(ITALPRESS).
