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FinanceIntesa Sanpaolo reports record H1 net income of EUR 5.6 bln, raises FY guidance
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Intesa Sanpaolo S.p.A. held its Q2 2026 earnings call on July 29, 2026, reporting record financial results. CEO Carlo Messina announced the bank's best six months ever, with net income of EUR 5.6 billion for the first half, including EUR 2.8 billion in Q2 alone—the best quarter in its history. Annualized return on equity reached 20%, with return on tangible equity at 25%, and earnings per share rose 9% year-on-year. Based on the strong performance and earnings sustainability, the bank upgraded its 2026 net income guidance to more than EUR 10 billion. The call included participation from analysts at Jefferies, Equita SIM, RBC Capital Markets, Mediobanca, KBW, and Deutsche Bank.
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Intesa Sanpaolo S.p.A. (ISNPY) Q2 2026 Earnings Call
Date: July 29, 2026 Time: 9:00 AM EDT
Company Participants
- Carlo Messina – Managing Director, CEO, General Manager & Executive Director
- Luca Bocca – Chief Financial Officer
Conference Call Participants
- Marco Nicolai – Jefferies LLC, Research Division
- Britta Schmidt
- Andrea Lisi – Equita SIM S.p.A., Research Division
- Pablo de la Torre Cuevas – RBC Capital Markets, Research Division
- Andrea Filtri – Mediobanca - Banca di credito finanziario S.p.A., Research Division
- Hugo Moniz Marques Da Cruz – Keefe, Bruyette, & Woods, Inc., Research Division
- Giovanni Razzoli – Deutsche Bank AG, Research Division
Presentation
Operator
Good afternoon, ladies and gentlemen, and welcome to the conference call of Intesa Sanpaolo for the presentation of the first half 2026 results, hosted today by Mr. Carlo Messina, Chief Executive Officer. My name is Nadia, and I will be your coordinator for today's conference.
[Operator Instructions]
I remind you that today's conference is being recorded.
At this time, I would like to hand the conference over to Mr. Carlo Messina, CEO. Sir, you may begin.
Carlo Messina – MD, CEO, GM & Executive Director
Thank you. Welcome to our first half 2026 results conference call. This is Carlo Messina, Chief Executive Officer; and I'm here with Luca Bocca, our CFO; and Marco Delfrate and Andrea Tamagnini, Investor Relations Officers.
We have just delivered our best 6 months ever with net income of EUR 5.6 billion, including EUR 2.8 billion in the second quarter, making it the best quarter ever. Our annualized return on equity reached 20% with return on tangible equity of 25% while earnings per share increased by 9% year-on-year.
These excellent results allow us to upgrade with confidence our 2026 net income guidance to more than EUR 10 billion, reflecting the quality and sustainability of our earnings. The execution of our business plan continues at full.
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Intesa Sanpaolo Reports Record First Half 2026 Results, Upgrades Full-Year Guidance