Intesa Sanpaolo reported net income of EUR 2.615 billion for the first quarter of 2025, a 13.6% increase on the same period a year earlier and the strongest quarterly result in the Italian bank's history. The result was accompanied by a return on equity of 20%.
The bank's cost-to-income ratio reached an all-time low of 38% during the quarter. The common equity tier 1 ratio stood at 13.3%.
CAPITAL RETURNS
Intesa Sanpaolo accrued EUR 1.8 billion in dividends during the first quarter of 2025. The bank has also announced a EUR 2 billion share buyback programme planned for June 2025.
FULL-YEAR GUIDANCE CONFIRMED ABOVE EUR 9 BILLION
Management confirmed its full-year 2025 net income guidance of well above EUR 9 billion, unchanged from prior communications. The EUR 2.615 billion first-quarter outcome runs ahead of the pro-rata pace required to reach the annual target on a straight-line basis. In its results presentation, the bank described the result as “the best quarterly Net income ever”.