Intesa Sanpaolo Spa Ord (IITSF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the conference call of Intesa Sao Paulo for the presentation of the first quarter 2025 results hosted today by Mr. Carlo Messina, Chief Executive Officer. My name is Razia and I will be your coordinator for today's conference. At the end of the presentation, there will be a question and answer session. To enter the queue for questions, please press star one and one at any time. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one and one again. You are kindly invited to ask no more than two questions to leave room for the other participants. In case of additional questions, CIL team will be at your disposal after the conference call. I remind you all that today's conference is being recorded. At this time, I would like to hand the conference over to Mr. Carlo Messina, CEO, so you may begin. Welcome to our first quarter. First quarter in 25 years of this call. This is Carlo Messina, Executive Officer. Me, I will talk about our CFO and Marco Del Frate and Andrea Tamagnini, Investor Relations Officers. We just delivered our best ever net income at more than 2.6 billion euros, that means an annualized return on equity of 20%. This is an outstanding start to the year and we confirm our net income guidance for 2025 of well above 9 billion euros. We are navigating the current market volatility from a position of strength thanks to our resilient, efficient, and well-balanced business model. I want to stress that the Italian economy continues to show strong resilience. Italian SMEs are much stronger than in the past, and public and EU-driven investments are supporting growth. InterSan Paolo offers one of the highest dividend yields in European banking, and th...