Intesa Sanpaolo Spa - ADR

Record Financial Performance: Intesa Sanpaolo reported a record net income of EUR 9.3 billion for 2025, with significant year-on-year growth in revenue and net income, attributed to a best-in-class cost-income ratio, lowest ever NPL inflows, and strong growth in capital. This marks an 8% increase in net income compared to the previous year.

Ambitious 2026 Forecast: The bank projects a net income of approximately EUR 10 billion for 2026, driven primarily by growth in commissions and insurance income. The forecast includes a maintained common equity Tier 1 (CET1) ratio above 12.5% following a EUR 2.3 billion share buyback announced for July 2025.

Continued Shareholder Returns: Intesa plans to distribute at least 75% of net income as cash dividends annually, alongside a 20% buyback program, leading to a total capital return of EUR 50 billion over the plan period, representing close to 50% of its market capitalization.