Intesa Sanpaolo delivered its best six months ever, with net income reaching €5.6 billion in the first half of 2026 (+6% year-on-year). Second-quarter net income reached €2.8 billion, marking the best quarterly performance in the Group’s history (+7% year-on-year).
Based on these strong results, Intesa Sanpaolo has upgraded its 2026 net income guidance to more than €10 billion.
The Group delivered record revenues, operating margin, and gross income, supported by solid commercial momentum and a Cost/Income ratio of 35.9% — its lowest ever. Operating costs declined by 1% year-on-year.
Net interest income guidance was also raised to well above €15 billion. The Group confirmed its strong risk profile with an annualized Cost of Risk at 20 basis points and a CET1 ratio of 13.1%.
Wealth Management and commercial momentum
Customer financial assets exceeded €1.5 trillion, with Assets under Management up €49 billion over the past twelve months.
The Group's integrated Wealth Management, Protection & Advisory business continued to act as a key growth driver, delivering record first-half commissions (+5% year-on-year) and record insurance income. Loans to customers increased for the fifth consecutive quarter (+5% year-on-year), while deposits rose 7%.
Over the first six months, Intesa Sanpaolo provided more than €44 billion in lending to support families and businesses. For 2026, the Group expects to return around €9.4 billion to shareholders through dividends and buybacks, including a €3.8 billion interim dividend in November.
More information on Intesa Sanpaolo's financial results for the first half of 2026 here.
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