Intesa Sanpaolo Q2 Net Profit EUR 2.47 Billion
July 30 (Reuters) -Intesa Sanpaolo SpA ISP.MI:
Q2 NET PROFIT EUR 2.47 BILLION VERSUS EUR 2.28 BILLION IN REUTERS-COMPILED CONSENSUS
Q2 NET INTEREST INCOME EUR 4.01 BILLION
Q2 FEES EUR 2.38 BILLION
Q2 REVENUE EUR 6.86 BILLION VERSUS EUR 6.54 BILLION IN REUTERS-COMPILED CONSENSUS
SEES ADDITIONAL CONTRIBUTION TO 2025 GROSS INCOME OF AROUND EUR 500M, NOT ENVISAGED IN 2022-2025 BUSINESS PLAN
FULLY LOADED CET1 RATIO AT JUNE-END AT 13.5%
SEES PROSPECT OF NET INCOME OF OVER EUR 8.5 BILLION FOR 2024, 2025
EXPOSURE TO RUSSIA DOWN BY 86% ON END OF JUNE 2022
ENVISAGED DISTRIBUTION OF A CASH INTERIM DIVIDEND OF AROUND EUR 3 BILLION ON 2024 RESULT
SEES CASH PAYOUT RATIO OF 70% OF CONSOLIDATED NET INCOME FOR EACH YEAR OF BUSINESS PLAN, INCREASE IN DIVIDEND PER SHARE FOR 2024, 2025
SEES 2025 CET1 RATIO TO STAND ABOVE 14.5% PRE BASEL 4, AT WELL ABOVE 14% POST 2025 BASEL 4 IMPACT OF AROUND 40 BASIS POINTS, AT WELL ABOVE 15% POST OVERALL BASEL 4 IMPACT OF AROUND 60 BASIS POINTS
Further company coverage: ISP.MI
(Gdansk Newsroom)
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