The results for Q1 2023 confirm that Intesa Sanpaolo is able to generate sustainable profitability even in complex contexts thanks to its well-diversified and resilient business model, with net income of nearly €2 billion driven by net interest income.
“The professional quality of our People has been and remains the key factor in achieving solid and sustainable results that favor all stakeholders: our thanks go to them”, said Carlo Messina, CEO of Intesa Sanpaolo, on the occasion of the Financial Results.
- The solid performance of income statement and balance sheet in the quarter translated into significant value creation for all stakeholders, also grounded in the group’s strong ESG commitment.
- The implementation of the 2022-2025 business plan is proceeding at full speed, with the key industrial initiatives well underway. The business plan formula is confirmed, with a clear and strong upside for the €6.5 billion net income target in 2025 deriving from the interest rate increase.
- Gross income was up 58% and operating margin was up 22% on Q1 2022, with operating income up 11.9% and operating costs rising slightly (up 0.5%).
Read more about the first quarter 2023 Financial Results by the link.
Statement by Carlo Messina, CEO of Intesa Sanpaolo, on the occasion of the Financial Results by the link