Intesa Sanpaolo reported first-half net profits of €5.2 billion, exceeding market expectations and marking a 9.4% increase compared to €4.77 billion during the same period last year. Second-quarter net profit reached €2.6 billion, up from €2.5 billion in Q2 2023.
The bank announced its 2022-2025 Business Plan is nearing completion, with an upgraded 2025 net profit forecast now significantly exceeding €9 billion. This enhanced outlook factors in planned management actions during Q4 2024 aimed at further strengthening the group’s future financial sustainability.
Intesa Sanpaolo stated these first-half results represent substantial value creation for all stakeholders. Shareholders will receive significant cash returns, including approximately €3.7 billion in accrued dividends for the half-year. Of this total, about €3.2 billion is slated for distribution as an interim dividend payment next November. This dividend payment complements a €2 billion share buyback program initiated in June 2024.
The Board of Directors today acknowledged a proposed cash interim dividend of roughly €3.2 billion, to be distributed against 2025 results. Final approval of this interim dividend is scheduled for October 31, 2024, coinciding with the approval of consolidated results up to September 30, 2025, which will incorporate Q3 2025 results and projected Q4 2025 performance. The total dividend distribution for 2025 will be finalized upon approval of the full-year results.
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