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Intesa Sanpaolo Spa (ISNPY)
:ISNPY
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Intesa Sanpaolo
(OTC:ISNPY)
Rating:76Outperform
Price Target:―
Intesa Sanpaolo (ISNPY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$105.09B
Dividend Yield4.71%
Average Volume (3M)7.65K
Price to Earnings (P/E)10.9
Beta (1Y)0.66
Revenue Growth6.58%
EPS Growth17.25%
CountryUS
Employees91,825
SectorFinancial
Sector Strength78
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.99
Shares Outstanding2,967,278,300
10 Day Avg. Volume22,950
30 Day Avg. Volume7,650
Financial Highlights & Ratios
PEG Ratio2.02
Price to Book (P/B)0.65
Price to Sales (P/S)0.00
P/FCF Ratio0.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering0
Intesa Sanpaolo Business Overview & Revenue Model
Company DescriptionIntesa Sanpaolo S.p.A. provides various financial products and services primarily in Italy. It operates through six segments Banca dei Territori, IMI Corporate & Investment Banking, International Subsidiary Banks, Asset Management, Private Banking, and Insurance. The company offers lending and deposit products; corporate, investment banking, and public finance services; industrial credit, factoring, and leasing services; asset management solutions; life and non-life insurance products; and bancassurance and pension fund, and fiduciary services. It also provides consumer credit and E-money; wealth management and private banking services. The company serves individuals, small and medium-sized businesses, non-profit organizations, corporates and financial institutions, public administration, private clients and high net worth individuals, institutional clientele, and other customers. Intesa Sanpaolo S.p.A. is headquartered in Turin, Italy.
How the Company Makes MoneyIntesa Sanpaolo generates revenue primarily through interest income, which it earns from lending activities to individuals, businesses, and government entities. The bank also earns substantial fees and commissions from services such as asset management, investment banking, insurance products, and payment processing. Wealth management and private banking services contribute to its earnings by managing client assets and providing tailored financial advice. Additionally, Intesa Sanpaolo benefits from its strategic partnerships and investments, which offer synergies and expand its market reach. The bank's extensive network of branches and digital platforms enhances its ability to attract deposits, which in turn supports its lending capabilities and revenue generation.
Intesa Sanpaolo Earnings Call Summary
Earnings Call Date:May 06, 2025
(Q1-2025)
| % Change Since: 9.83%|
Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment Positive
The earnings call presented a strong performance with record-breaking net income and robust asset quality, supported by strategic tech investments and capital distributions. However, challenges in net interest income and loan growth due to market volatility and economic conditions were noted. The sentiment leans positive with a cautious outlook on certain financial metrics.Q1-2025 Updates
Positive Updates
Record-Breaking Net Income
Intesa Sanpaolo delivered its best-ever net income exceeding €2.6 billion for Q1 2025, resulting in a 20% annualized return on equity.
Dividend and Capital Distribution
The bank plans to return at least €8.2 billion to shareholders through dividends and buybacks in 2025, with potential additional distributions at year-end.
Strong Asset Quality
NPL ratios are at historical lows, with gross NPL stock decreasing by €200 million year-on-year and Stage 2 loans decreasing by 8%.
Tech Investments and Digital Growth
Tech investments have facilitated efficiency gains and workforce changes, with Isybank reaching 1 million clients.
Commissions and Insurance Income Growth
Commissions grew by 7% year-on-year, with Wealth Management & Protection up 11% and insurance income driven by a strong P&C performance.
Negative Updates
Net Interest Income Decline
Quarter-on-quarter decline in net interest income was noted due to a reduction in Euribor, fewer days in the quarter, and seasonality in NPL.
Loan Growth Challenges
Lack of growth in Italy remains a drag on banks' operating performance, and Intesa Sanpaolo is cautious about mispricing in the market.
Economic and Market Volatility
The Italian economy, while resilient, faces challenges from market volatility, affecting short-term lending and asset management strategies.
Company Guidance
In the first quarter of 2025, Intesa Sanpaolo delivered a record net income of over €2.6 billion, resulting in an annualized return on equity of 20%. The bank confirmed its full-year net income guidance for 2025 to be well above €9 billion. Dividend distributions are expected to be at least €8.2 billion. The bank's common equity Tier 1 ratio improved by 45 basis points to 13.3%, reflecting robust capital generation capabilities. Intesa Sanpaolo's digital bank, Isybank, now serves 1 million clients. Operating costs decreased by 2.7%, excluding impacts from the national labor contract renewal and tech investment depreciation. Asset quality remained strong, with the gross NPL stock decreasing by €200 million year-on-year, and net NPL inflows at historical lows. The cost-income ratio was the best ever at 38%, and the bank achieved nearly 3,000 headcount reductions in Q1. Overall, the bank's profitability and capital position are robust, even amid market volatility.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 | 26.00B | 28.29B | 23.16B | 22.47B | 22.40B | 19.85B |
| Gross Profit | 26.96B | 28.29B | 25.17B | 22.47B | 22.40B | 19.85B |
| EBITDA | 13.21B | 0.00 | 0.00 | 7.76B | 6.76B | 5.92B |
| Net Income | 8.27B | 8.67B | 7.72B | 4.38B | 4.18B | 2.15B |
Balance Sheet | ||||||
| Total Assets | 934.42B | 933.28B | 963.57B | 975.68B | 1.07T | 1.00T |
| Cash, Cash Equivalents and Short-Term Investments | -55.50B | 99.87B | 136.97B | 144.20B | 147.09B | 86.77B |
| Total Debt | 49.36B | 146.57B | 93.71B | 96.14B | 101.22B | 107.15B |
| Total Liabilities | 869.02B | 867.96B | 899.44B | 913.86B | 1.00T | 936.29B |
| Stockholders Equity | 65.28B | 65.18B | 63.96B | 61.66B | 63.77B | 65.87B |
Cash Flow | ||||||
| Free Cash Flow | 1.54B | -41.86B | -18.99B | 100.43B | 6.91B | -3.61B |
| Operating Cash Flow | 1.54B | -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
34.96
Price Trends
33.19
Positive
31.23
Positive
27.61
Positive
Market Momentum
0.56
Negative
59.87
Neutral
79.56
Neutral
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 34.96 is above the 20-day moving average (MA) of 34.07, above the 50-day MA of 33.19, and above the 200-day MA of 27.61, indicating a bullish trend. The MACD of 0.56 indicates Negative momentum. The RSI at 59.87 is Neutral, neither overbought nor oversold. The STOCH value of 79.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ISNPY.
Intesa Sanpaolo Peers Comparison
Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $105.09B | 10.90 | 13.48% | 4.71% | 6.58% | 17.25% | |
74 Outperform | $66.89B | 9.06 | 20.65% | 0.46% | -6.74% | 5.13% | |
73 Outperform | $179.89B | 23.28 | 14.51% | 0.86% | 13.13% | 0.54% | |
72 Outperform | $61.38B | 12.99 | 8.73% | 4.97% | -2.65% | -14.84% | |
69 Neutral | $119.23B | 19.51 | 17.89% | 0.71% | 22.15% | 12.13% | |
67 Neutral | $16.86B | 11.90 | 9.77% | 3.76% | 12.07% | -8.35% | |
65 Neutral | $67.96B | 12.02 | 8.45% | 2.32% | 13.63% | 27.77% |
* Financial Sector Average
Performance Comparison
ISNPY
Intesa Sanpaolo
34.52
12.27
55.15%
HDB
Hdfc Bank
76.01
16.32
27.34%
IBN
Icici Bank
33.28
4.32
14.92%
ITUB
Itau Unibanco
6.30
1.10
21.15%
LYG
Lloyds Banking
4.10
1.23
42.86%
MFG
Mizuho Financial
5.50
1.17
27.02%
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.