Record-Breaking Net Income
Intesa Sanpaolo delivered its best ever 9-month net income at EUR 7.6 billion, with EUR 2.4 billion in Q3.
Strong Dividend Returns
The bank is returning EUR 8.3 billion to shareholders, including a EUR 3.2 billion interim dividend.
Common Equity Tier 1 Ratio Increase
Common equity Tier 1 ratio increased by more than 100 basis points to 13.9%, maintaining a strong capital position.
High Return on Equity
Annualized return on equity is at 20%, with earnings per share up by 9%.
Notable Upgrades
Intesa Sanpaolo received a 2-notch upgrade from Fitch and a 1-notch upgrade from DBRS.
Reduced Costs and Asset Quality Maintenance
Operating costs decreased, and asset quality remained excellent with the lowest ever NPL inflows.
Positive Insurance Income Growth
Insurance income grew by 5% in the first 9 months and 7% in Q3 year-over-year.