Understanding, profit from the quarter to 2.6 billion: profits beyond estimates. Messina: « Risiko increases confusion, we remain outside »

Intesa Sanpaolo beats the analysts’ estimates and closes the first quarter with a net profit growing by 13.6% a 2.61 billion eurosby 2.3 billion
of the same period last year.

3,632 million euros of net interests

The consolidated income statement of the first 2025 quarter of Intesa Sanpaolo Register net interests of 3,632 million eurosdecreased by 4.4% compared to the 3,801 million of the fourth quarter 2024 and 8% compared to
3,947 million of the first quarter 2024. The net commissions of the first quarter 2025 grow by 7% compared to the 2,276 million of the first quarter 2024.

Messina: « On the Risiko increased confusion, we remain outside »

During the conference call with financial analysts, the delegated councilor and CEO of Intesa Sanpaolo, Carlo Messinaanswering a question about the possibility for the bank to acquire minority shares, he said that « as regards consolidation there is great confusion. And what we see today is an increase in this confusion on the market. Which confirms my opinion, « Messina said: » That is, it is much, but much better to remain focused on carrying out results for shareholders « .

In detail

Descending instead in the detail of the quarterly, there was a decrease of 3.3% of the commissions from commercial banking and a growth of 11.2% of the commissions from management, intermediation and consultancy activities, in which there is an increase of 23.1% for the component relating to intermediation and placement of securities, of 3.8% for the component relating to the managed savings and 6.7% for the product insurance.

The result of the insurance activity amounts to 462 million euros, compared to the 424 million of the fourth quarter of 2024 and 455 million of the first quarter 2024. The net operating proceeds are equal to 6,792 million euros, growing 1.9% compared to 6,668 million of the fourth quarter 2024 and 0.5% compared to 6,756 million in the first quarter 2024.

The operating costs of the first quarter 2025 descend by 0.5% compared to the 2,591 million of the corresponding quarter 2024, following a decrease in 1.2% for personnel expenses and 1.1% for administrative expenses and an increase of 3.6% for depreciation. Consequently, the result of the operational management amounts to 4,214 million euros, up 36.6% compared to the 3,084 million of the fourth
quarter 2024 and 1.2% compared to the 4,165 million of the first quarter 2024.