Intesa Sanpaolo reports record Net Income of €8.7 billion in 2024, raises 2025 Guidance

With strong profitability and a robust capital position, Intesa Sanpaolo has raised its net income guidance for 2025 to well above €9 billion. Strong revenue growth and cost efficiency Intesa Sanpaolo recorded significant growth in commissions, up 9% compared to 2023, with acceleration in Q4. Insurance income reached an all-time high, increasing by 4% year-over-year.Customer financial assets expanded by €77 billion, reaching around €1.4 trillion, supported by €5.1 billion in net...

MILAN, 04/02/2025 (informazione.news - comunicati stampa - economia)

With strong profitability and a robust capital position, Intesa Sanpaolo has raised its net income guidance for 2025 to well above €9 billion.

Strong revenue growth and cost efficiency

Intesa Sanpaolo recorded significant growth in commissions, up 9% compared to 2023, with acceleration in Q4. Insurance income reached an all-time high, increasing by 4% year-over-year.

Customer financial assets expanded by €77 billion, reaching around €1.4 trillion, supported by €5.1 billion in net inflows into Assets under Management (AuM) in Q4.

Despite heavy investments in technology, cost discipline remains a priority. The bank achieved a record-low cost/income ratio of 42.7%, one of the best in Europe.

Technology investments and digital transformation

Technology remains at the core of Intesa Sanpaolo's strategy. The bank has invested €4.2 billion in digital transformation, hiring over 2,300 IT specialists and migrating 62% of its applications to the cloud.

Isybank, the bank's digital-only platform, saw a surge in new customers in Q4, surpassing a total of 500,000 new sign-ups. This brought the total isybank customer base close to 900,000, reinforcing its position as a key digital player.

Commitment to Social Impact

Intesa Sanpaolo continues to lead in social impact initiatives, having deployed around €340 million in 2024 alone to combat poverty and reduce inequalities, supported by a dedicated team of 1,000 professionals.

Outlook for 2025 and beyond

The bank expects net income to be well above €9 billion in 2025, maintaining strong and sustainable profitability. Plans include returning over €6 billion in cash dividends, with additional distributions to be determined at year-end.

CEO Carlo Messina's remarks

Carlo Messina, CEO of Intesa Sanpaolo, remarked on the results:

Click here for more information on Intesa Sanpaolo's financial results and strategic outlook.

Contact: international.media@intesasanpaolo.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/771c288b-145b-446b-a4ac-87dafc1baee1