Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleIntesa Sanpaolo's Q1 profit rose 13.6%, driven by fees and trading income, surpassing forecasts despite an 8% decline in net interest margin.
MILAN (Reuters) -Italy's biggest bank Intesa Sanpaolo confirmed its outlook for the year after posting a bigger-than-expected 13.6% yearly rise in first quarter profit thanks to rising fee and trading income.
That was more than enough to offset an 8% decline in the net interest margin, as the gap between lending and deposit rates shrinks.
Intesa said net profit for the three months through March totalled 2.6 billion euros ($2.9 billion), above an analyst consensus forecast compiled by Reuters of 2.4 billion euros.
($1 = 0.8838 euros)
(Reporting by Valentina Za, editing by Gavin Jones)
The article discusses Intesa Sanpaolo's 13.6% profit rise in Q1, driven by fees and trading income.
The profit exceeded expectations due to increased fee and trading income, offsetting a decline in net interest margin.
Intesa Sanpaolo reported a net profit of 2.6 billion euros for the first quarter.
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