Intesa Sanpaolo Spa Ord (IITSF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the conference call of Intensa San Paolo for the presentation of the third quarter 2025 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. To enter 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 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 IR team will be at your disposal after the conference call. I remind you that today's conference call is being recorded. At this time, I would like to hand the call over to Mr. Carlo Messina, CEO. Sir, you may begin. Thank you. Welcome to our nine-month 2025 results conference call. This is Carlo Messina, Chief Executive Officer, and I'm here with Luca Bocca, our CFO, and Marco Del Frato and Andrea Tamagnini, Investor Relations Officers. We just delivered our best-ever nine-month net income at 7.6 billion euros, of which 20.4 in Q3. Common equity TR1 ratio increased more than 100 basis points. Analyzed return on equity is 20%, and earnings per share grew 9%. These are excellent results, confirming we are well on track to deliver our full-year net income target of well above 9 billion euros. including Q4 managerial actions to strengthen future profitability. The nine months and the third quarter both recorded all-time highs for commissions and insurance income. Costs are down, asset quality remains top-notch, and customer financial assets grew to more than $1.4 trillion. We keep inves...