Finance
Italy's Intesa targets 2029 profit above $13.6 billion, hikes payout policy
Published by Global Banking and Finance Review
Posted on February 2, 2026
1 min readLast updated: February 2, 2026
Quick Summary
Intesa Sanpaolo aims for a €10 billion profit by 2026 after a strong Q4. The bank plans significant dividends and share buybacks while managing debts.
Italy's Intesa targets 2029 profit above $13.6 billion, hikes payout policy
Intesa Sanpaolo's Profit Strategy
MILAN, Feb 2 (Reuters) - Italy's biggest bank Intesa Sanpaolo on Monday set a net profit goal above 11.5 billion euros ($13.6 billion) for 2029 and said it would return around 50 billion euros to investors over five years.
2025 Profit Projections
Intesa posted a slightly higher than expected net profit of 9.3 billion euros for 2025 and said it would grow its net income to around 10 billion euros this year.
Dividend and Share Buyback Plans
The bank said it would pay out 6.5 billion euros of last year's profit as cash dividends, while using 2.3 billion euros to buy back its own shares starting in July.
Future Distribution Assessments
Under its new multi-year strategy, Intesa plans to pay out 95% of profit each year in 2026-2029, hiking its cash dividend payout ratio to 75% from 70% and using the rest for share buybacks.
It will assess further distribution each year from 2027, it said.
($1 = 0.8441 euros)
(Reporting by Valentina Za, editing by Cristina Carlevaro, Kirsten Donovan)
Key Takeaways
- •Intesa Sanpaolo targets €10 billion profit by 2026.
- •Q4 net profit exceeded forecasts at €1.7 billion.
- •Annual profit reached €9.3 billion with €6.5 billion in dividends.
- •Plans to buy back €2.3 billion in shares starting July.
- •Focus on reducing impaired debts and managing staff costs.
Frequently Asked Questions about Italy's Intesa targets 2029 profit above $13.6 billion, hikes payout policy
1What is net income?
Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenue. It is an important measure of profitability.
2What are dividends?
Dividends are payments made by a corporation to its shareholders, usually from profits. They can be issued in cash or additional shares and represent a portion of the company's earnings.
3What is impaired debt?
Impaired debt refers to loans or receivables that are not expected to be fully repaid due to the borrower's financial difficulties. Banks often set aside provisions for such debts.
