From GlobeNewswire: 2025-02-05 08:27:00

Intesa Sanpaolo achieved its best financial results ever in 2024, with a net profit of €8.7 billion, a 12% increase from 2023. The bank plans to distribute a cash dividend of €6.1 billion to shareholders for 2024 and launch a €2 billion share buyback program in June, pending shareholder approval. The bank raised its 2025 net profit forecast to over €9 billion due to high profitability and a strong capital position.

Intesa Sanpaolo saw a significant 9% growth in commission business compared to 2023, reaching an all-time high in insurance revenues with a 4% increase year-over-year. Customer financial assets grew by €77 billion to around €1.4 trillion, with net inflows of €5.1 billion in managed assets in the fourth quarter. The bank achieved a record low Cost-Income Ratio of 42.7%, among the best in Europe, despite significant investments in technology.

Technology remains a key part of Intesa Sanpaolo’s strategy, with €4.2 billion invested in digital transformation. The bank hired over 2,300 IT specialists and shifted 62% of its applications to the cloud. The digital platform Isybank experienced a surge in customer numbers, adding over 500,000 new users in the fourth quarter, bringing its total customer base to nearly 900,000.

In 2024, Intesa Sanpaolo continued its commitment to social initiatives, allocating around €340 million to combat poverty and inequality with the help of a dedicated team of 1,000 professionals. The bank expects a net profit of over €9 billion in 2025, maintaining high profitability and stability. Dividends of over €6 billion are planned for distribution, with additional payouts to be determined by year-end.

CEO Carlo Messina commented on the results, highlighting the record net profit of €8.7 billion in 2024 and the increased forecast for 2025. The bank’s strong performance in insurance and commission business, along with cost stability and asset quality, contributed to the positive results. Investments in technology and workforce transformation are expected to drive future growth and efficiency.



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