Intesa Sanpaolo, profit improves again in the nine months. 2026 profit estimates revised upwards

MILAN - Intesa Sanpaolo beats expectations and closes the first nine months of the year with profits of 8.2 billion, up 8.1% compared to the same period last year. In the third quarter the net result amounted to 2.6 billion euros, an increase compared to the 2.3 billion in the same period of 2025. Numbers that push the group to revise its year-end targets upwards. According to the bank, the implementation of the 2026-2029 business plan is proceeding at full speed, with the net profit outlook for the current year improved to well over 10 billion euros. The group sees "growth in revenues, driven mainly by commissions and the result of the insurance business; net interest increasing to well over 15 billion euros, with further significant growth in 2027; stable costs; significant reduction in provisions; increase in taxation (due to the Italian Budget Law for 2026) and in duties and other charges relating to the banking and insurance system". A strong distribution of value is expected, with a payout ratio for 2026 of 95%, of which 75% from cash dividends and 20% from buybacks.