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Intesa Sanpaolo Spa (ISNPY)
:ISNPY
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Intesa Sanpaolo
(OTC:ISNPY)
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Rating:76Outperform
Price Target:―
Intesa Sanpaolo's overall score is driven by strong financial performance, positive technical indicators, and favorable valuation metrics. The earnings call further supports the score with record-breaking net income and strong capital management, despite some challenges in net interest income and potential tax impacts.
Positive Factors
Strong Capital Position
A strong capital position enhances financial stability, enabling the bank to withstand economic downturns and invest in growth opportunities.
Significant Tech Investments
Investing in technology and digital platforms positions the bank for long-term growth by improving operational efficiency and customer engagement.
Best-in-Class Cost Income Ratio
A low cost-income ratio indicates operational efficiency, allowing the bank to maintain profitability even in challenging market conditions.
Negative Factors
Cash Flow Challenges
Persistent cash flow challenges can strain liquidity, limiting the bank's ability to fund operations and invest in growth without external financing.
Excess Capital Management
Inefficient capital management may lead to suboptimal returns for shareholders and missed investment opportunities, affecting long-term growth.
Potential Pressure on Net Interest Income
Declining net interest income due to lower interest rates can reduce profitability, challenging the bank's ability to sustain earnings growth.
Intesa Sanpaolo (ISNPY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$118.77B
Dividend Yield5.51%
Average Volume (3M)139.23K
Price to Earnings (P/E)12.1
Beta (1Y)0.62
Revenue Growth-9.02%
EPS Growth9.83%
CountryUS
Employees91,825
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.91
Shares Outstanding2,902,231,700
10 Day Avg. Volume0
30 Day Avg. Volume139,226
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.18
Price to Sales (P/S)0.26
P/FCF Ratio-0.28
Enterprise Value/Market Cap2.38
Enterprise Value/Revenue6.72
Enterprise Value/Gross Profit9.84
Enterprise Value/Ebitda19.42
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.71
Revenue Forecast (FY)$31.74B
Intesa Sanpaolo Business Overview & Revenue Model
Company DescriptionIntesa Sanpaolo (ISNPY) is one of Italy's leading banking groups, providing a wide range of financial services and products to both individual and corporate clients. The company operates through several sectors, including retail banking, corporate banking, and wealth management. Its core offerings encompass personal loans, mortgages, payment services, investment products, and insurance solutions, along with specialized services for small and medium-sized enterprises (SMEs) and large corporations. Intesa Sanpaolo is also involved in international banking, with a presence in various countries, enhancing its global reach.
How the Company Makes MoneyIntesa Sanpaolo generates revenue primarily through interest income, fees, and commissions. The bank earns a significant portion of its income from interest on loans provided to customers, including personal loans and mortgages, as well as from corporate lending. Additionally, the bank collects fees and commissions from various services such as account management, transaction services, and investment banking activities. The wealth management division contributes to revenues through advisory services and asset management products. Strategic partnerships with financial institutions and technology firms also enhance its service offerings and operational efficiency, positively impacting its earnings.
Intesa Sanpaolo Earnings Call Summary
Earnings Call Date:Oct 31, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 10, 2026
Earnings Call Sentiment Positive
The earnings call reflected a generally strong performance with record-breaking net income, increased capital ratios, and robust shareholder returns. However, challenges in net interest income and potential impacts from new banking taxes were noted as areas of concern.Q3-2025 Updates
Positive Updates
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.
Negative Updates
Net Interest Income Challenges
Net interest income faced a decline due to a 90 basis points drop in Euribor and loan repricing effects.
Uncertainty Over Banking Tax
Potential impact from the new banking tax in Italy, though manageable, remains a concern.
Capital Markets Trading Weakness
Capital markets trading results were weak, with negative mark-to-market adjustments.
Company Guidance
In the third quarter of 2025, Intesa Sanpaolo reported a record 9-month net income of EUR 7.6 billion, including EUR 2.4 billion in Q3 alone. The bank's Common Equity Tier 1 ratio rose by over 100 basis points, achieving an annualized return on equity of 20% and a 9% growth in earnings per share. The bank is on track to exceed its full-year net income target of over EUR 9 billion, bolstered by Q4 managerial actions aimed at future profitability. During the first 9 months, commissions and insurance income grew by 5%, with Q3 experiencing a 7% year-on-year increase. The bank recorded over EUR 1.4 trillion in customer financial assets, while operating costs decreased by 1.5%. Intesa Sanpaolo plans to return EUR 8.3 billion to shareholders this year, including a EUR 3.2 billion interim dividend in November, with additional capital distribution to be determined at year-end. This performance underscores the resilience of the bank’s diversified business model, further validated by a 2-notch upgrade from Fitch and a 1-notch upgrade from DBRS.Intesa Sanpaolo Financial Statement Overview
Summary
Intesa Sanpaolo demonstrates strong revenue and net income growth, and a solid equity base enhancing financial stability. However, cash flow challenges could pose liquidity risks if not addressed.Income Statement
Intesa Sanpaolo demonstrates strong revenue and net income growth over the years. The gross profit margin remains stable, benefiting from consistent revenue growth. However, the absence of EBIT and EBITDA data for the latest year limits a comprehensive analysis of operational efficiency.75
Positive
Balance Sheet
The company maintains a solid equity base with a significant increase in stockholders' equity, reflecting financial stability. The absence of total debt in 2024 enhances its leverage position. However, the equity ratio has experienced slight fluctuations, indicating variations in asset management.70
Positive
Cash Flow
Intesa Sanpaolo's cash flow analysis reveals challenges, with negative operating and free cash flows in recent years. Despite a substantial operating cash flow in 2022, the trend reversed in 2023 and 2024, suggesting potential liquidity management issues.65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.03B | 44.81B | 41.01B | 25.44B | 24.38B | 14.31B |
| Gross Profit | 28.68B | 28.29B | 25.42B | 21.57B | 21.90B | 14.31B |
| EBITDA | 14.54B | 13.77B | 12.40B | 7.76B | 6.77B | 5.92B |
| Net Income | 9.12B | 8.67B | 7.72B | 4.38B | 4.18B | 3.28B |
Balance Sheet | ||||||
| Total Assets | 943.45B | 933.28B | 963.57B | 975.68B | 1.07T | 1.00T |
| Cash, Cash Equivalents and Short-Term Investments | 49.39B | 99.87B | 98.83B | 122.09B | 147.09B | 89.28B |
| Total Debt | 141.37B | 146.57B | 142.13B | 208.43B | 101.22B | 107.15B |
| Total Liabilities | 876.79B | 867.96B | 899.44B | 913.86B | 1.00T | 936.29B |
| Stockholders Equity | 66.52B | 65.18B | 63.96B | 61.10B | 63.77B | 65.87B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -41.86B | -18.99B | 100.43B | 6.91B | -3.61B |
| Operating Cash Flow | 0.00 | -40.19B | -17.34B | 102.28B | 8.80B | -2.17B |
| Investing Cash Flow | 0.00 | -1.25B | -588.00M | -538.00M | -2.23B | -357.00M |
| Financing Cash Flow | 0.00 | -7.19B | -5.59B | -3.52B | -5.59B | 2.68B |
Intesa Sanpaolo Technical Analysis
Positive
38.83
Price Trends
38.37
Positive
37.77
Positive
34.51
Positive
Market Momentum
0.68
Negative
67.24
Neutral
99.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ISNPY, the sentiment is Positive. The current price of 38.83 is below the 20-day moving average (MA) of 39.03, above the 50-day MA of 38.37, and above the 200-day MA of 34.51, indicating a bullish trend. The MACD of 0.68 indicates Negative momentum. The RSI at 67.24 is Neutral, neither overbought nor oversold. The STOCH value of 99.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ISNPY.
Intesa Sanpaolo Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $118.77B | 12.09 | 14.94% | 5.51% | -9.02% | 9.83% | |
76 Outperform | $83.54B | 12.30 | 11.69% | 3.77% | 2.91% | 33.77% | |
73 Outperform | $167.81B | 21.32 | 14.17% | 3.13% | -1.78% | 0.65% | |
71 Outperform | $82.47B | 13.57 | 11.31% | 3.14% | 1.79% | 30.93% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $90.22B | 13.30 | 9.14% | 2.37% | -2.84% | 25.48% | |
63 Neutral | $107.21B | 16.97 | 17.41% | 0.87% | 10.85% | 7.98% |
* Financial Sector Average
ISNPY
Intesa Sanpaolo
41.40
18.58
81.42%
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35.15
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10.43%
IBN
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29.69
-0.18
-0.60%
MFG
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7.26
2.39
49.08%
PNC
PNC Financial
209.50
26.25
14.32%
USB
US Bancorp
53.87
8.50
18.73%
Intesa Sanpaolo Corporate Events
Intesa Sanpaolo’s Earnings Call: Record Income & Strong Returns
Nov 4, 2025
Intesa Sanpaolo’s recent earnings call painted a picture of robust financial health, marked by record-breaking net income and strong shareholder returns. The sentiment was largely positive, although there were some concerns about challenges in net interest income and potential impacts from new banking taxes.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.