Intesa Sanpaolo Spa Ord (IITSF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the conference call of Entesa 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. At the end of the presentation, there will be the question and answer session. Turn to the queue for questions. Please press star 1 1 at any time. You will then hear an automated message advising that your hand is raised. To withdraw a question, please press star 1 and 1 again. You are kindly invited to ask no more than two questions so as to leave room for other participants. In case of additional questions, the IAR team will be at your disposal after the conference call. 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. 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 Del Frate and Andrea Tamagnini, Investor Relations Officers. We have just delivered our best six months ever. with net income of 5.6 billion euros, including 2.8 billion in the second quarter, making it the best quarter ever. Our analyzed 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 10 billion euros, reflecting the quality and sustainability of our earnings. The execution of our business plan continues at full speed, with key initiatives well underway. We are operating from a position of strength, thanks to our best-in-class asset q...