Published by Global Banking & Finance Review®
Posted on February 4, 2025
1 min readLast updated: January 26, 2026
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Intesa Sanpaolo raises its 2025 profit outlook despite a 6% drop in Q4 income due to staff exit charges. The bank plans a 2 billion euro share buyback starting June 2024.
MILAN (Reuters) - Italy's biggest bank Intesa Sanpaolo on Tuesday improved its profit outlook for 2025 as it reported a 6% drop in fourth quarter income driven by staff exit charges, which outweighed higher revenues.
Intesa, which at end of each year decides on additional shareholder rewards on top of its 70% cash payout ratio, said its board had approved a 2 billion euro ($2.1 billion) share buyback out of 2024 earnings, that will start in June.
Intesa said net income this year will be "well above" 9 billion euros, improving its earlier guidance for a 2025 net profit of "around" 9 billion. ($1 = 0.9686 euros)
(Reporting by Valentina Za; Editing by Keith Weir)
The main topic is Intesa Sanpaolo's improved profit outlook for 2025 despite a drop in Q4 income due to staff exit charges.
Intesa approved a 2 billion euro share buyback from 2024 earnings, set to start in June.
Staff exit charges led to a 6% drop in Intesa's Q4 income, despite higher revenues.
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