Intesa Sanpaolo SpA (IITSF.PK) on Friday reported higher first-quarter profit, supported by growth in fees and stable net interest income.
Net income increased to €2.761 billion from €2.615 billion in the same quarter last year.
Operating income rose 5.3% to €7.154 billion from €6.796 billion a year earlier.
Net interest income edged up to €3.636 billion from €3.632 billion in the prior-year quarter.
Net fee and commission income amounted to €2.515 billion, up 3.1% year on year.
Net impairment losses on other assets increased to €64 million from €23 million last year.
Assets under management grew 4.2% to €556 billion compared with March 31, 2025.
Looking ahead, Intesa Sanpaolo expects net income of around €10 billion for 2026.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.