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May 8, 2026 12:50 PM

Intesa Sanpaolo posts record Q1 profit, driven by Wealth Management

 

MILAN, May 08, 2026 (GLOBE NEWSWIRE) -- Intesa Sanpaolo delivered net income of €2.8 billion in the first quarter of 2026, the best quarterly result in the Bank's history (+6% vs. Q1 2025).

Q1 operating income reached a record €7.2 billion, driven by balanced growth across net interest income, commissions, insurance activities and trading. Net fees and commissions recorded the best first quarter ever, while insurance income reached record levels, both up 3% year-on-year. Operating costs declined by 0.7%.

Net income guidance for 2026 is confirmed at around €10 billion. Together, first-quarter revenue growth, driven by fees and commissions and insurance income, along with lower costs and provisions and a CET1 ratio above 13% underline Intesa Sanpaolo's low risk profile, solid outlook and sustainable profitability.

Wealth Management: a strategic growth driver

With over €1.4 trillion in customer financial assets, Intesa Sanpaolo further strengthens its leadership in Wealth Management, Protection & Advisory. Customer financial assets grew by €64 billion over the past twelve months, reflecting the strength of the Group's advisory model and continued customer confidence.

The Group's business model, unique in Europe, is built on an integrated Wealth Management, Protection & Advisory platform, with a sector-leading contribution ...