Intesa Sanpaolo: consolidated results as at 30 June 2026

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Regolamentata n.

0033-186-2026Data/Ora Inizio Diffusione 29 Luglio 2026 12:32:26Euronext Milan

Societa' :INTESA SANPAOLO

Utenza - referente :BINTESAN18 - Tamagnini Andrea

Tipologia :1.2

Data/Ora Ricezione :29 Luglio 2026 12:32:26 Data/Ora Inizio Diffusione :29 Luglio 2026 12:32:26 Oggetto :Intesa Sanpaolo: consolidated results as at 30

June 2026

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PRESS RELEASE

INTESA SANPAOLO: CONSOLIDATED RESULTS AS AT 3 0 JUNE 2026

THE RESULTS FOR THE FIRST HALF OF 2026 HIGHLIGHT THAT INTESA SANPAOLO IS ABLE TO GENERATE SOLID

SUSTAINABLE PROFITABILITY, WITH A NET INCOME OF € 5.6 BILLION (+ 6.5% ON H1 202 5). 2026 NET INCOME

OUTLOOK UPGRADED TO OVE R €10 BILLION .

SIGNIFICANT CASH RETURN TO SHAREHOLDERS: €5.3 BILLION ACCRUED IN H1 202 6 FOR DISTRIBUTION , OF

WHICH €4.2 BILLION AS DIVIDENDS (OF WHICH AROUND €3.8 BILLION ENVISAGED AS INTERIM DIVIDEND TO BE

DISTRIBUTED IN NOVEMBER 2026 ), IN ADDITION TO THE BUYBACK OF € 2.3 BILLION LAUNCHED IN JU LY 2026.

THE SOLID PERFORMANCE OF INCOME STATEMENT AND BALANCE SHEET IN THE FIRST HALF OF THE YEAR

TRANSLATED INTO SIGNIFICANT VALUE CREATION FOR ALL THE STAKEHOLDERS, NOT ONLY FOR THE

SHAREHOLDERS , GENERATED BY THE GROUP , WHICH MAINTAINS A WORLD -CLASS POSITION IN SOCIAL IMPACT .

SPECIFICALLY , €3.6 BILLION TAXES WERE GENERATED, FINANCIAL INCLUSION WAS STRENGTHENED WITH €3

BILLION OF SOCIAL L ENDING DISBURSED IN H1 2026 , OVER €1.1 BILLION WAS ALREADY DEPLOYED IN THE PERIOD

2023 - H1 2026 TO FIGHT POVERTY AND REDUCE INEQUALITIES .

INTESA SANPAOLO CONTINUES TO OPERATE AS A GROWTH ACCELERATOR IN THE REAL ECONOMY IN ITALY: IN

H1 2026 , MEDIUM/LONG -TERM NEW LENDING DISBURSED BY THE GROUP TO ITALIAN HOUSEHOLDS AND

BUSINESSES AMOUNTED TO AROUND € 25 BILLION . IN H1 2026, THE GROUP FACILITATED THE RETURN TO

PERFORMING STATUS OF AROUND 1,200 COMPANIES, THUS SAFEGUARDING AROUND 6,000 JOBS. THIS BROUGHT

THE TOTAL TO AROUND 148,000 COMPANIES SINCE 2014, WITH AROUND 740,000 JOBS SAFEGUARDED OVER THE

SAME PERIOD.

INTESA SANPAOLO IS FULLY EQUIPPED TO SUCCEED IN ANY SCENARIO THANKS TO THE GROUP’S KEY

STRENGTHS , NOTABLY :

- RESILIENT PROFITABILITY , ALSO DUE TO THE INTEGRATED MANAGEMENT OF REVENUES TO CREATE VALUE;

- SOLID CAPITAL POSITION , LOW LEVERAGE, STRONG LIQUIDITY AND ZERO -NPL BANK STATUS ;

- SIGNIFICANT INVESTMENT IN TECHNOLOGY AND HIGH FLEXIBILITY IN MANAGING OPERATING COSTS ;

- ITS LEADERSHIP IN WEALTH MANAGEMENT, PROTECTION & ADVISORY .

A SOLID CAPITAL POSITION AS AT 3 0 JUNE 2026, WELL ABOVE REGULATORY REQUIREMENTS : THE COMMON

EQUITY TIER 1 RATIO WAS 13.1%, DEDUCTIN G FROM CAPITAL THE AMOUNT ACCRUED IN H1 2026 FOR

DISTRIBUTION AND THE BUYBACK LAUNCHED IN JULY 2026 , AT 13. 8% CONSIDERING A BENEFIT OF AROUND 75

BASIS POINTS DERIVING FROM THE ABSORPTION OF DEFERRED TAX ASSETS (DTAs ).

GROSS INCOME +8.5% ON H1 2025 .

OPERATING MARGIN WAS UP 9.1% ON H1 2025, WITH OPERATING INCOME UP 5.3% (NET FEE AND COMMISSION

INCOME +4.9%, INCOME FROM INSURANCE BUSINESS +5.5%, STRONG GROWTH IN PROFITS ON FINANCIAL

ASSETS AND LIABILITIES AT FAIR VALUE , NET INTEREST INCOME +0.6%) AND OPERATING COSTS DOWN 0.7%.

CREDIT QUALITY:

- BAD LOANS RESET TO NEAR ZERO;

- NPL RATIO WAS 0.8% NET AND 1.6% GROSS , ACCORDING TO THE EBA METHODOLOGY;

- ANNUALISED COST OF RISK AT 20 BASIS POINTS ;

- RUSSIA EXPOSURE NEAR ZERO.

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• NET INCOME OF €5,554M IN H1 2026, + 6.5% COMPARED WITH € 5,216M IN H1 2025

• GROSS INCOME UP 8.5% ON H1 2025

• OPERATING MARGIN UP 9.1% ON H1 2025

• OPERATING INCOME UP 5.3% ON H1 2025: NET FEE AND COMMISSION INCOME +4.9%, INCOME

FROM INSURANCE BUSINESS +5.5%, STRONG GROWTH IN PROFITS ON FINANCIAL ASSETS AND

LIABILITIES AT FAIR VALUE , NET INTEREST INCOME +0.6%

• OPERATING COSTS DOWN 0.7% ON H1 2025

• CREDIT QUALITY:

• BAD LOANS RESET TO NEAR ZERO , EQUAL TO €0.9BN NET OF ADJUSTMENTS

• NPL RATIO OF 0.9% NET AND 1.8% GROSS, RESPECTIVELY 0.8% AND 1.6% ACCORDING TO THE

EBA METHODOLOGY

• ANNUALISED COST OF RISK AT 20 BASIS POINTS

• RUSSIA EXPOSURE NEAR ZERO

• A SOLID CAPITAL POSITION, WELL ABOVE REGULATORY REQUIREMENTS:

• COMMON EQUITY TIER 1 RATIO AT 13.1%, DEDUCTING FROM CAPITAL (°) €5.3BN ACCRUED IN H1

2026 (°°) FOR DISTRIBUTION AND € 2.3BN OF BUYBACK LAUNCHED IN JULY 2026 , AT 13. 8%

CONSIDERING THE BENEFIT OF AROUND 75 BASIS POINTS DERIVING FROM THE ABSORPTION

OF DEFERRED TAX ASSETS (DTA s) (°°°)

______

(°) Deducting from capital also €0.2bn of coupons accrued on the Additional Tier 1 issues .

(°°) Common Equity Tier 1 ratio of 13% not including in capital any H1 2026 net income , in compliance with the ECB’s guidance, which specifically states that a supervised entity is not allowed to include any interim or year -

end profits in Common Equity Tier 1 in case it adopts a distribution policy that does not specify any upper limit for cas h dividends and any share buybacks, and it does not commit not to distribute neither via cash dividends nor via share buybacks the profits that it wants to include in Common Equity Tier 1.

(°°°) Estimated pro -forma Common Equity Tier 1 ratio of 13.8%, taking into account: (i) the total absorption of deferred tax assets (DTAs) related to goodwill realignment, loan adjustments, the first time adoption of IFRS 9 and the non -

taxable public cash contribution of €1,285m covering the integration and rationalisation charges relating to the acquisition of the Aggregate Set of Banca Popolare di Vicenza and Veneto Banca, and (ii) the expected absorption of DTAs on losses carried forward and DTAs related to the acquisition of UBI Banca , the agreement with the trade unions of November 2021 and that of October 2024 integrated in December 2025, and the reorganisation of asset management .

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HIGHLIGHTS:

OPERATING INCOME: Q2 2026

H1 2026

+3.1%

+5.3% TO € 7,379M FROM €7,154M IN Q1 2026

TO € 14,533M FROM € 13,795M IN H1 2025

OPERATING

COSTS: Q2 2026

H1 202 6

+3.3%

-0.7% TO € 2,653M FROM €2,569M IN Q1 2026

TO € 5,222M FROM €5,260M IN H1 2025

OPERATING MARGIN: Q2 2026

H1 202 6

+3.1%

+9.1% TO €4,726M FROM €4,585M IN Q1 2026

TO € 9,311M FROM €8,535M IN H1 2025

GROSS INCOME: Q2 2026

H1 202 6

€4,278M

€8,617M

FROM € 4,339M IN Q 1 2026

FROM € 7,944M IN H1 2025

NET INCOME: Q2 2026

H1 202 6

€2,793M

€5,554M

FROM € 2,761M IN Q 1 2026

FROM € 5,216M IN H1 2025

CAPITAL RATIOS: COMMON EQUITY TIER 1 RATI O AT 13.1% (°), DEDUCTING FROM CAPITAL (°°) THE

AMOUNT ACCRUED IN H1 2026 (°°°) FOR DISTRIBUTION AND THE BUYBACK LAUNCHED

IN JU LY 2026

_______

(°) Estimated pro -forma Common Equity Tier 1 ratio of 13.8%, taking into account: (i) the total absorption of deferred tax assets (DTAs) related to goodwill realignment, loan adjustments, the first time adoption of IFRS 9 and the non -

taxable public cash contribution of €1,285m covering the integration and rationa lisation charges relating to the acquisition of the Aggregate Set of Banca Popolare di Vicenza and Veneto Banca, and (ii) the expected absorption of DTAs on losses carried forward and DTAs related to the acquisition of UBI Banca, the agreement with the trade unions of November 2021 and that of October 2024 integrated in December 2025, an d the reorganisation of asset management .

(°°) Deducting from capital also €0.2bn of coupons accrued on the Additional Tier 1 issues .

(°°°) Common Equity Tier 1 ratio of 13% not including in capital any H1 2026 net income, i n compliance with the ECB’s guidance, which specifically states that a supervised entity is not allowed to include any interim or year -end profits in Common Equity Tier 1 in case it adopts a distribution policy that does not specify any upper limit for cash dividends and any share buybacks, and it does not commit not to distribute neit her via cash dividends nor via share buybacks the profits that it wants to include in Common Equity Tier 1.

4 Turin - Milan, 29 July 2026 – At its meeting today, the Board of Directors of Intesa Sanpaolo approved the consolidated half-yearly report as at 30 June 2026 (*).

The Group’s results for the first half of 2026, with a net income of €5.6bn, highlight that Intesa Sanpaolo , Europe’s most resilient bank (as shown in the EBA stress test ), is fully equipped to succeed in any scenario and deliver significant and sustainable value creation and distribution.

The net income outlook for 2026 has been upgraded to over €10bn.

The solid performance of income statement and balance sheet in the first half of the year translated into significant value creation for all stakeholders generated by the Group , which maintains a world -class position in social impact . Specifically:

- significant cash return to shareholders : €5.3bn accrued in H1 2026 for distribution , of which €4.2bn as dividends ( of which around €3.8bn envisaged as interim dividend to be distributed in November 2026 ), in addition to the buyback of €2.3bn launched in July 2026 ;

- €3.6bn taxes (°) generated , up by € 0.4bn on H1 2025;

- strengthening of financial inclusion , with €3bn of social lending disbursed in H1 2026 ;

- over €1.1bn already deployed (°°) in the period 2023 - H1 2026 (of which around €130m in H1 2026) to fight poverty and reduce inequalities .

Intesa Sanpaolo is fully equipped to operat e successfully in any scenario thanks to the Group’s key strengths , including :

▪ resilient profitability , also due to the integrated management of revenues to create value , as highlighted in particular in the EBA stress test;

(*) Methodological note on the scope of consolidation on page 22.

(°) Direct and indirect taxes.

(°°) Including structure costs related to the people dedicated to sustain ing the initiatives/projects .

5 ▪ solid capital position , with the Common Equity Tier 1 ratio at 13.1%, low leverage, strong liquidity and zero-NPL bank status;

▪ high flexibility in managing operating costs , also thanks to the acceleration in technological transformation ( €6bn investments already deployed in the period 2022 - H1 2026 ), enabling generational change at no social cost and cost savings (around €570 m at run rate in 2030), with no impact on revenues thanks to technology/AI -enabled process streamlining; Group headcount reduction of around 6,100 by 2029 , resulting from around 12,400 exits in addition to around 3,900 exits in 2025 (already over 1,900 exits in H1 2026) , deriving from around 9,750 voluntary exits – including natural turnover – in Italy (1) (already around 1, 450 in H1 2026) and around 2,650 net exits due to natural turnover in the international subsidiaries (2) (already around 475 in H1 2026), and hiring of around 6,300 young people in Italy (3), including around 2,300 as Global Advisors (4), in addition to around 1,300 people hired in 2025, mainly consisting of Global Advisors (already around 825 new hires in H1 2026, including around 575 Global Advisors );

▪ its leadership in Wealth Management, Protection & Advisory , with over €1, 500bn in customer financial assets, characterised by fully owned product factories , enabling quick time -to-market and production/distribution synergies , distinctive advisory network s, with around 19,100 people(5) dedicated , around 600 more than at year -end 2025 and expected to grow to around 22,500 by 2029 , and 360-degree advisory services (6), regarding customer financial assets that amounted to €183bn as at 3 0 June 2026, up by €31bn compared with 3 0 June 2025.

(1) Around 1,600 exits from the agreement with the trade unions of October 2024 integrated in December 2025 (related costs already fully booked ), around 4,500 potential exits of people who already applied to previous early retirement schemes and exits due to natural turnover.

(2) Focused on central function s.

(3) Of which around 2,200 from agreement s already signed with the trade unions .

(4) With hybrid contract (employed with part -time indefinite -term contract and on a self -employed basis), in order to ensure greater proximity to customers, specifically in Wealth Management & Protection.

(5) Financial Advisors, Private Bankers, Global Advisors, Relationship Managers for Exclusive customers, Relationship Managers for Affluent customers , and Relationship Managers and Financial Advisors of the International Banks Division .

(6) Valore Insieme, Private Advisory, WE ADD and Sei.

6 The implementation of the 2026-2029 Business Plan is proceeding at full speed . Specifically:

• cost reduction , benefit ting from the strong investments in technology already deployed :

- progressive rollout and extension of isytech 2.0 ongoing ;

- 19 AI/GenAI/Agentic AI projects launched ;

- technological transformation continues, with around 68% of applications already cloud -based as at 30 June 2026 ;

- acceleration of generational change ongoing , with the exit of over 1,900 people in H1 2026 (out of the around 12,400 expected by 2029) ;

- 13 legal entities rationalised since 2025, with additional 19 companies currently undergoing

rationalisation ;

• revenue growth, fuelled by Wealth Management, Protection & Advisory leadership :

- the Global Advisor s network increased to around 2,400 people and around 100 Global Advisor s offices in high-potential areas not covered by Exclusive branches ;

- non-life specialist network of the Banca dei Territori Division strengthened (from around 210 to over 290 people );

- ongoing strengthening of the Private Banker s/Financial Advisor s network in Italy , with an increas e of around 110 people since the end of 2025 ;

- continuous growth of Isybank, which reach ed around 1.2 million customers , with around 1,050 ,000 accounts opened by new customers (around 150,000 in H1 2026);

- new Financial Advisor s model launched in the International Banks Division , with 4 3 Financial Advisors in Slovakia and Hungary ;

• low cost of risk thanks to the zero -NPL bank status and high -quality origination :

- bad loans reset to near zero ;

- credit governance framework upgraded through newly established strategic and operational credit committees ;

- evolution of Early Warning System models for credit risk ongoing , by incorporating additional forward -looking elements and market data, also adopting new methodologies (e.g., Machine

learning) ;

- in Q2 2026 , two new synthetic securitisations were completed for an overall amount of around €4.2bn ; as at 30 June 20 26, the outstanding securitised portfolio included in the SRT Program was equal to around €36bn ;

• significant investment in the Group’s people, its most important asset :

- around 1,050 people involved in upskilling/ reskilling initiatives for high value -added activities for the Bank in H1 2026 ;

- around 8,000 young people enrolled in dedicated development program mes, including the Future Gen initiative ;

- Intesa Sanpaolo has been confirmed as Top Employer Europe 2026 and Top Employer Italy for the second and fifth consecutive year, respectively, by Top Employers Institute ;

• leadership in social impact, supporting clients in the sustainable transition and confirming commitments to decarbonisation :

□ social impact :

- €3bn of social lending disbursed in H1 2026 to strengthen financial inclusion;

- around €130m already deployed in H1 2026 to fight poverty and reduce inequalities , generating around €4 90m of social and economic impact (°) and improving the socio -economic conditions of around 200,000 vulnerable individuals ; education, orientation, and employability initiatives launched, reaching around 18,000 young people ;

(°) Calculated by taking into account both the monetised value of the benefits generated for the final beneficiaries of the overall social contribution and the additional economic value activated within the productive system.

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□ sustainable transition :

- €9.7bn disbursed in H1 2026 for the sustainable transition ;

□ cultur e and innova tion:

- continuous commitment to culture : eight new exhibitions with 434,000 visitors ;

- promotion of innovation : 319 innovation initiatives and start -up services carried out by Intes a Sanpaolo Innovation Center and around €7m inves tments in start -ups managed by Neva SGR in H1 2026 .

8 In the first half of 2026, the Group recorded:

● growth in net income of 6.5% to €5,554m from €5,216m in H1 2025;

● growth in gross income of 8.5% on H1 2025;

● growth in operating margin of 9.1% on H1 2025 ;

● growth in operating income of 5.3% on H1 2025 , with net fee and commission income +4.9%, income from insurance business + 5.5%, strong growth in profits on financial assets and liabilities at fair value , and net interest income +0.6%;

● operating costs down 0.7% on H1 2025 ;

● high level of efficiency , with a cost/income of 35.9%, a level among the best in the top -tier European banks ;

● annualised cost of risk at 20bps, with overlays equal to €0.9bn ;

● credit quality (°):

- NPL ratio (°°) at end of June 2026 was 0.9% net and 1.8% gross. According to the EBA methodology , the NPL ratio was 0.8% net and 1. 6% gross;

- Russia exposure near zero (^);

● sizeable NPL coverage :

- NPL cash coverage ratio of 50.1% at end of June 2026, with a cash coverage ratio of 69.2% for the bad loan component ;

- robust reserve buffer on performing loans , amounting to 0.4% at end of June 2026;

(°) No material payment suspension at end of June 2026. The amount of loans backed by a state guarantee , in application of the measures to support the production system established in response to the COVID -19 pandemic , was around €5.2bn (around €0.8bn from SACE and around €4.4bn from SME Fund).

(°°) NPLs at end of June 2026 did not include portfolios classified as ready to be sold, accounted under non -current assets held for sale and discontinued operations, which amounted to around €1. 4bn gross and around €0. 4bn net.

(^) On-balance credit exposure, both cross -border and at the Russian subsidiary Banca Intesa, net of guarantees by Export Credit Agencies and after adjustments. As at 3 0 June 2026, after adjustments, the on -balance cross -border credit exposure to Russia amounted to €0. 09bn of which €0. 07bn to customers, net of €0. 5bn guarantees by Export Credit Agencies (off -balance to customers of €0. 01bn, net of €0. 3bn guarantees by ECA, and off -balance of €0.03bn to banks ) and the on -balance credit exposure of the subsidiaries amounted to €0. 04bn, of which €0. 002bn to customers, for Banca Intesa in Russia and €0. 06bn, to banks, for Pravex Bank in Ukraine (off -balance, to customers, of €0. 01bn for the Russian subsidiary and €0. 03bn for the Ukrainian subsidiary). The credit exposure to Russian counterparties currently included in the SDN lists of names to which sanctions apply amounted to €0.25bn.

9 ● very solid capital position , with capital ratios well above regulatory requirements. As at 3 0 June 2026, deducting from capital (°) €5.3bn accrued in the first half of 2026 for distribution and € 2.3bn of buyback launched in July 2026 , the Common Equity Tier 1 ratio came in at 13.1% (°°), at 13.8% considering the benefit of around 75 basis points deriving from the absorption of deferred tax assets (DTA s) (°°°). This compares with a SREP requirement , comprising Capital Conservation Buffer, O -SII Buffer , Countercyclical Capital Buffer (*) and Systemic Risk Buffer(**), equal to 9.96% (***).

● strong liquidity position and funding capability , with liquid assets of €308bn and high available unencumbered liquid assets of € 213bn at end of June 2026. Regulatory requirements for the Liquidity Coverage Ratio ( at 138% (^)) and the Net Stable Funding Ratio (at 120% (#)) have been comfortably complied w ith.

● Minimum Requirement for own funds and Eligible Liabilities (MREL) comfortably complied with : at end of June 2026 (##), calculated on risk -weighted assets, the total MREL ratio was 36% and the subordination component was 22.8%, compared with requirements of 26.1% and 18%, respectively, comprising a Combined Buffer Requirement of 4.5%;

● support provided to the real economy , with around €44bn of medium/long -term new lending in H1 2026. Loans amounting to around €25bn were disbursed in Italy , of which around €23bn was disbursed to households and SMEs . In H1 2026 , the Group facilitated the return from non -

performing to performing status of around 1,200 Italian companies thus safeguarding around 6,000 jobs. This brought the total to around 148,000 companies since 2014 , thus safeguarding around 740,000 jobs over the same p eriod.

(°) Deducting from capital also €0. 2bn of coupons accrued on the Additional Tier 1 issues.

(°°) Common Equity Tier 1 ratio of 13% not including in capital any H1 2026 net income, i n compliance with the ECB’s guidance, which specifically states that a supervised entity is not allowed to include any interim or year -

end profits in Common Equity Tier 1 in case it adopts a distribution policy that does not specify any upper limit for cas h dividends and any share buybacks, and it does not commit not to distribute neither via cash dividends nor via share buybacks the profits that it wants to include in Common Equity Tier 1 .

(°°°) Estimated pro -forma Common Equity Tier 1 ratio of 13. 8%, taking into account: (i) the total absorption of deferred tax assets (DTAs) related to goodwill realignment, loan adjustments , the first time adoption of IFRS 9 and the non -

taxable public cash contribution of €1,285m covering the integration and rationalisation charges relating to the acquisition of the Aggregate Set of Banca Popolare di Vicenza and Veneto Banca, and (ii) the expected absorption of DTAs on losses carried forward and DTAs related to the acquisition of UBI Banca , the agreement with the trade unions of November 2021 and that of October 2024 integrated in December 2025, and the reorganisation of asset management.

(*) Countercyclical Capital Buffer calculated taking into account the exposure as at 3 0 June 2026 in the various countries where the Group has a presence, as well as the respective requirements set by the competent national authorities and relating to 202 7, where available, or the most recent update of the reference period (requirement was set at zero per cent in Ita ly for the first nine months of 2026 ).

(**) Systemic Risk Buffer calculated taking into account the exposure as at 3 0 June 2026 to residents in Italy .

(***) Applying the regulatory change introduced by the ECB with effect from 12 March 2020, which establishes that the capital instruments not qualifying as Common Equity Tier 1 may be partially used to meet the Pillar 2 requirement .

(^) Average for the last twelve months.

(#) Preliminary management figures .

(##) Preliminary management figures , taking into account the buyback launched in July 2026 . Total MREL ratio equal to 35.9% and subordination component equal to 22.7% not includ ing any H1 2026 net income .

10 The income statement for the second quarter of 202 6

The consolidated income statement for Q 2 2026 recorded net interest income of €3,844m, up 5.7% from € 3,636m in Q1 2026 and up 1.2% from €3,800m in Q2 2025.

Net fee and commission income amounted to €2,616m, up 4% from € 2,515m in Q1 2026.

Specifically, commissions on commercial banking activities recorded a 2.2% increase and commissions on management, dealing and consultancy activities recorded a 2.6% increase . The latter, which include portfolio management, distribution of insurance products, dealing and placement of securities, etc., recorded a 9.3% decrease in dealing and placement of securities, a 4.1% increase in portfolio management (performance fees of €19m in Q 2 2026 and €6m in Q1 2026), and a 7.2% increase in distribution of insurance products. Net fee and commission income for Q 2 2026 was up 6.7% from € 2,452m in Q 2 2025. Specifically, commissions on commercial banking activiti es were down 3.5% and those on management, dealing and consultancy activities were up 8.6%. The latter recorded a 6.1% increase in dealing and placement of securities, an 8% increase in portfolio management (performance fees of €3m in Q2 2025) and an 8.7% increase in distribution of insurance products .

Income from insurance business amounted to €497m compared with €476m in Q 1 2026 and €460m in Q2 2025.

Profits on financial assets and liabilities at fair value amounted to €400m, compared with €505m in Q1 2026. Contributions from customers increased to €94m from € 82m, those from capital markets increased to €222m from €19m, and those from securities portfolio and treasury decreased to €84m from €404m. Profits of €400m for Q2 2026 are compared with profits of €287m in Q2 2025 when contributions from customers amounted to €96m, those from capital markets amounted to €82m, and those from securities portfolio and treasury amounted to €109m.

Operating income amounted to €7,379m, up 3.1% from € 7,154m in Q1 2026 and up 5.4% from €6,999m in Q 2 2025.

Operating costs amounted to €2,653m, up 3.3% from €2,569m in Q1 2026, due to increase s of 1.9% in personnel expenses and 15.2% in administrative expenses and a decrease of 11.6 % in adjustments .

Operating costs for Q 2 2026 were down 0.7% from €2,672m in Q 2 2025, due to decrease s of 0.1% in personnel expenses , 0.3% in administrative expenses and 4.5% in adjustments .

As a result, operating margin amounted to € 4,726m, up 3.1% from € 4,585m in Q1 2026 and up 9.2% from € 4,327m in Q 2 2025. The cost/i ncome was 36% in Q 2 2026 versus 35.9% in Q 1 2026 and 38.2% in Q 2 2025.

Net adjustments to loans amounted to € 258m (including recoveries of €60m relating to the exposure to Russia and Ukraine), compared with € 170m in Q 1 2026 (including recoveries of €6m relating to the exposure to Russia and Ukraine) and € 281m in Q2 2025 (including recoveries of €21m relating to the exposure to Russia and Ukraine ).

Net provisions and net impairment losses on other assets amounted to €122m (including €4m for the exposure to Russia and Ukraine ), compared with € 64m in Q 1 2026 (no contribution for the exposure to Russia and Ukraine ) and € 84m in Q 2 2025 (no contribution for the exposure to Russia and Ukraine).

Other income recorded a negative balance of €68m, compared with a negative balance of €12m in Q1 2026 and a positive balance of €25m in Q2 2025.

Income (Loss) from discontinued operations was nil, the same as in Q 1 2026 and Q 2 2025.

Gross income amounted to €4,278m, compared with € 4,339m in Q1 2026 and € 3,987m in Q2 2025.

11 Consolidated net income amounted to € 2,793m, after recording :

- taxes on income of €1,393m;

- charges (net of tax) for integration , transformation and exit incentives of €56m;

- negative effect of purchase price allocation (net of tax) of € 15m;

- levies and other charges concerning the banking and insurance industry (net of tax) of €10m, deriving from pre-tax charges of €1m in relation to contributions to the Italian deposit guarantee scheme , €1m in relation to contributions to the deposit guarantee scheme concerning the international network and €9m in relation to levies incurred by international subsidiaries . In Q1 2026, this caption amounted to €9m, deriving from the following pre-tax figures: charges of €1m in relation to the resolution fund, €6m in relation to contributions to the deposit guarantee scheme concerning the international network, €5m in relation to levies incurred by international subsidiaries, and positive fair value differences of €2m regarding the Atlante fund. In Q2 2025, this caption amounted to €41m, deriving from pre -tax charges of €2m in relation to contributions to the deposit guarantee scheme concerning the international network, €8m in relation to levies incurred by international subsidiaries, €43m in relation to the life insurance guarantee fund and €4m in relation to negative fair value differences regarding the Atlante fund.

- minority interests of €11m;

Net income of €2,793m in Q2 2026 is compared with € 2,761m in Q1 2026 and € 2,601m in Q2 2025.

12 The income statement for the first half of 202 6

The consolidated income statement for H1 2026 recorded net interest income of €7,4 80m, up 0.6% from €7, 432m in H1 202 5.

Net fee and commission income amounted to €5,131m, up 4. 9% from €4, 891m in H1 202 5.

Specifically, commissions on commercial banking activities were down 1.2% and commissions on management, dealing and consultancy activities were up 6.1%. The latter , which include portfolio management, distribution of insurance products, dealing and placement of securities, etc., recorded a 9.5% increase in dealing and placement of securities, a 3.8% increase in portfolio management (performance fees of €25m in H1 202 6 and €12m in H1 202 5) and a 6.7% increase in distribution of insurance products.

Income from insurance business amounted to €9 73m compared with €9 22m in H1 202 5.

Profits on financial assets and liabilities at fair value amounted to € 905m, compared with €552m in H1 202 5. Contributions from customers amounted to €176m from €1 79m, those from capital markets increased to €241m from €172m, those from securities portfolio and treasury increased to €488m from €2 01m.

Operating income amounted to €1 4,533m, up 5.3% from €13,7 95m in H1 202 5.

Operating costs amounted to €5,2 22m, down 0.7 % from €5,2 60m in H1 202 5, due to decrease s of 0.4% in personnel expenses , 0.1% in administrative expenses and 3.4% in adjustments.

As a result, operating margin amounted to €9,311m, up 9 .1% from €8, 535m in H1 202 5. The cost/income was 3 5.9% in H1 202 6 versus 38 .1% in H1 202 5.

Net adjustments to loans amounted to € 428m (including recoveries of €66m relating to the exposure to Russia and Ukraine), compared with €5 05m in H1 202 5 (including recoveries of €2 0m relating to the exposure to Russia and Ukraine).

Net provisions and net impairment losses on other assets amounted to €186m (including € 4m for the exposure to Russia and Ukraine), compared with €1 07m in H1 202 5 (including recoveries of €20m relating to the exposure to Russia and Ukraine).

Other income recorded a negative balance of €80m compared with a positive balance of €21m in H1 2025.

Income (Loss) from discontinued operations was nil, the same as in H1 202 5.

Gross income amounted to € 8,617m, compared with €7, 944m in H1 202 5.

Consolidated net income amounted to €5, 554m, after recording:

- taxes on income of €2, 875m;

- charges (net of tax) for integration , transformation and exit incentives of €116m;

- negative effect of purchase price allocation (net of tax) of €32m;

- levies and other charges concerning the banking and insurance industry (net of tax) of € 19m, deriving from the following pre-tax figures : charges of €1m in relation to the resolution fund, €1m in relation to contributions to the Italian deposit guarantee scheme, €7m in relation to contributions to the deposit guarantee scheme concerning the international network and €14m in relation to levies incurred by international subsidiaries, and positive fair value differences of €2m in relation to the Atlante fund. In H1 202 5, this caption amounted to € 50m, deriving from pre -tax charges of €2m in relation to the resolution fund, €7m in relation to contributions to the deposit guarantee scheme concerning the international network, €14m in relation to levies incurred by international subsidiaries, €43m in relation to the life insura nce guarantee fund and €1m in relation to negative fair value differences regarding the Atlante fund.

- minority interests of € 21m.

Net income of €5,554m in H1 202 6 is compared with € 5,216m in H1 202 5.

13 Balance sheet as at 3 0 June 2026 With regard to the consolidated balance sheet figures, as at 3 0 June 2026 loans to customers amounted to €437bn (*), up 2.8% on year -end 202 5 and up 4.4% on 30 June 2025 (up 1.5% on both Q1 2026 and H1 2025 when taking into account quarterly and half -yearly average volumes (**)). Total non-performing loans (bad, u nlikely -to-pay, and past due) amounted - net of adjustments - to €3,997m, up 2.7% compared with € 3,892m at year -end 2025. In detail , bad loans amounted to €879m compared with € 790m at year -end 2025, with a bad loan to total loan ratio of 0.2% (0.2% at year -end 2025 as well ), and a cash coverage ratio of 69.2% (67.3% at y ear-end 202 5). Unlikely -to-pay loans amount ed to €2,790m from € 2,780m at year -end 202 5. Past due loans amounted to € 328m from €322m at year -end 20 25.

Customer financial assets amounted to €1,511bn (***), up 3.7% on year -end 202 5 and up 8.7% on 30 June 2025. Under customer financial assets, direct deposits from banking business amounted to €612bn (***), up 2% on year-end 2025 and up 7.4% on 3 0 June 2025. Direct deposits from insurance business amounted to €187bn, up 2.5% on year -end 202 5 and up 6.3% on 30 June 2025. Indirect customer deposits amounted to €885bn, up 4.8% on year -end 202 5 and up 9.3% on 30 June 2025.

Assets under management amounted to €590bn (****), up 4.9% on year -end 202 5 and up 9.1% on 30 June 2025; in H1 2026, the new business for life policies amounted to €9.9bn. Assets held under administration and in custody amounted to € 295bn, up 4.5% on year -end 2025 and up 9.6% on 30 June 202 5 (****).

Capital ratios as at 30 June 2026, deducting from capital (°) €5.3bn accrued in the first half of 202 6 for distribution and € 2.3bn of buyback launched in July 2026 , were as follows:

- Common Equity Tier 1 ratio at 13.1% (13.2% at year -end 202 5),

- Tier 1 ratio at 15.9% (15.6% at year -end 202 5),

- total capital ratio at 19% (18.7% at year -end 202 5).

Capital ratios as at 3 0 June 2026 – not including in capital any H1 202 6 net income (°°) – were as

follows:

- Common Equity Tier 1 ratio at 13%,

- Tier 1 ratio at 15. 8%,

- total capital ratio at 18. 9%.

* * *

________

(*) As of 31 December 2025 , the amount related to an institutional client previously classified under due from banks is included ; the amount was around €1.2bn as at 31 December 2025 and around €0.8bn as at 3 0 June 2025 .

(**) Excluding the loan to the banks in compulsory administrative liquidation (formerly Banca Popolare di Vicenza and Veneto Banca).

(***) As of 31 December 2025 , the amount of direct deposits related to an institutional client previously classified under due to banks is included ; the amount was around €19bn as at 31 December 2025 and around € 14.2bn as at 3 0 June 2025 .

(****) As of 31 December 2025 , assets under management include third -party AuM product s previously included in assets under administration. The 12 -month percentage change is calculated on the figures as at 3 0 June 2025 restated consistently .

(°) Deducting from capital also €0.2bn of coupons accrued on the Additional Tier 1 issues .

(°°) In compliance with the ECB’s guidance, which specifically states that a supervised entity is not allowed to include any interim or year -end profits in Common Equity Tier 1 in case it adopts a distribution policy that does not specify any upper limit for c ash dividends and any share buybacks, and it does not commit not to distribute neither via cash dividends nor via share buybacks the profits that it wants to include in Common Equity Tier 1.

14 As a result of the strategic decisions taken, Intesa Sanpaolo has maintained its position as one of the most solid international banking Groups . In addition to the asset quality and level of capital ratios commented on above, the Group has continued to build on its key strengths: robust liquidity and low leverage .

Specifically, with regard to the components of the Group’s liquidity :

- the high level of available unencumbered liquid assets ( including eligible assets with Central Banks received as collateral and excluding eligible assets currently used as collateral) amounted to €213bn at end of June 2026;

- the high level of liquid assets (comprising available unencumbered liquid assets, ex cluding eligible assets received as collateral, and eligible assets currently used as collateral) amounted to €308bn at end of June 2026;

- liquidity indicators well above regulatory requirements: Liquidity Coverage Ratio at 138% (°) and Net Stable Funding Ratio at 120% (*);

- the sources of funding were stable and well diversified, with retail funding representing 74% of direct deposits from banking business (including securities issued);

- medium/long -term wholesale funding was €8.2bn in H1 2026 and included benchmark transaction s of Additional Tier 1 of €1 .25bn, Tier 2 of €0.5bn and $1bn , green senior n on-preferred of €1.25bn and senior non -preferred of $2.5bn (92% was placed with foreign investors (^)).

The MREL ratio as at 3 0 June 2026 (**), calculated on risk -weighted assets, was 36% for the total and 22.8% for the subordination component , compared with requirements of 26.1% and 18%, respectively, comprising a Combined Buffer Requirement of 4.5%.

The Group’s leverage ratio as at 3 0 June 2026 (which includes exposures to the European Central Bank) was 5.8% (***), best in class among major European banking groups.

* * * The Intesa Sanpaolo Group’s operating structure as at 3 0 June 2026 had a total network of 3,567 branches, consisting of 2,644 branches in Italy and 923 abroad, and employed 89,725 people.

* * *

________

(°) Average for the last twelve months.

(*) Preliminary management figures .

(**) Preliminary management figures , taking into account the buyback launched in July 2026 . Total MREL ratio equal to 35.9% and subordination component equal to 22.7% not including any H1 2026 net income.

(***) Equal to 5.7% not includ ing any H1 2026 net income .

(^) Not considering €0.75bn of covered bonds issued by VUB Banka.

15 Breakdown of results by Business Area

The Banca dei Territori Division includes:

- Retail customers (individuals and enterprises with less complex financial needs);

- Exclusive customers (individuals with more complex financial needs);

- Enterprise customers (enterprises with more complex financial needs, generally Small and

Medium Enterprises);

- customers that are non -profit organisations.

The division includes Isybank, the digital bank subsidiary (which also operates in instant banking through Mooney, the partnership with the ENEL Group).

The Banca dei Territori Division recorded:

(millions of euro) Q2 2026 Q1 2026 % changes

Operating income 3,163 3,041 4.0% Operating costs -1,470 -1,428 3.0% Operating margin 1,693 1,613 4.9% cost/income 46.5% 47.0% Total net provisions and adjustments -323 -204 Gross income 1,370 1,409 Net income 861 867

(millions of euro) H1 2026 H1 2025 % changes

Operating income 6,205 6,059 2.4% contribution to the Group's operating income 43% 44% Operating costs -2,898 -2,952 -1.8% Operating margin 3,307 3,107 6.4% cost/income 46.7% 48.7% Total net provisions and adjustments -528 -629 Gross income 2,779 2,529 Net income 1,727 1,657

16 The IMI Corporate & Investment Banking Division comprises:

- Client Coverage & Advisory, including Institutional Clients which manages the relationship with financial institutions and Global Corporate which manages the relationship with corporate customers with a turnover higher than €350m, grouped, in accordance wi th a sector -based model, in the following eight industries: Automotive & Industrials; Basic Materials & Healthcare ; Food & Beverage and Distribution; Retail & Luxury; Infrastructure; Real Estate; Energy; Telecom, Media & Technology;

- Distribution Platforms & GTB, including Global Transaction Banking which manages transaction banking services and IMI CIB International Network which ensures the development of the Division and is responsible for foreign branches, representative offices an d foreign subsidiaries carrying out corporate banking (Intesa Sanpaolo Bank Luxembourg and Intesa Sanpaolo Brasil);

- Global Banking & Markets, which operates specifically in structured finance, primary markets and capital markets (equity and debt capital markets).

The Division also comprises the management of the Group’s proprietary trading.

The IMI Corporate & Investment Banking Division recorded:

(millions of euro) Q2 2026 Q1 2026 % changes

Operating income 1,433 1,526 -6.1% Operating costs -356 -343 3.8% Operating margin 1,078 1,184 -9.0% cost/income 24.8% 22.4% Total net provisions and adjustments -35 -12 Gross income 1,002 1,172 Net income 691 789

(millions of euro) H1 2026 H1 2025 % changes

Operating income 2,960 2,520 17.5% contribution to the Group's operating income 20% 18% Operating costs -698 -695 0.4% Operating margin 2,262 1,825 23.9% cost/income 23.6% 27.6% Total net provisions and adjustments -48 -43 Gross income 2,174 1,782 Net income 1,481 1,202

17 The International Banks Division is responsible for operations on international markets through commercial banking subsidiaries and associates, and provides guidelines, coordination and support for the Group’s subsidiaries. It is responsible for defining the Group’s development s trategy related to its direct presence abroad, including exploring and analysing new growth opportunities in markets where the Group already has a presence, as well as in new ones. This division also coordinates operations of international subsidiary banks and their relations with the Parent Company’s head office departments and the IMI Corporate & Investment Banking Division’s branches and offices abroad.

The division operates through the South -Eastern Europe HUB, comprising Privredna Banka Zagreb in Croatia, Intesa Sanpaolo Banka Bosna i Hercegovina in Bosnia and Herzegovina and Intesa Sanpaolo Bank in Slovenia, the Danube HUB, comprising VUB Banka in Slovakia and in the Czech Republic , and Intesa Sanpaolo Bank Romania, and through Intesa Sanpaolo Bank Albania, CIB Bank in Hungary, Banca Intesa Beograd in Serbia, Bank of Alexandria in Egypt, Pravex Bank in Ukraine and Eximbank in Moldova.

The International Banks Division recorded:

(millions of euro) Q2 2026 Q1 2026 % changes

Operating income 847 775 9.4% Operating costs -344 -328 4.8% Operating margin 503 446 12.8% cost/income 40.6% 42.4% Total net provisions and adjustments -15 6 Gross income 488 452 Net income 356 255

(millions of euro) H1 2026 H1 2025 % changes

Operating income 1,622 1,641 -1.2% contribution to the Group's operating income 11% 12% Operating costs -673 -660 2.0% Operating margin 949 981 -3.3% cost/income 41.5% 40.2% Total net provisions and adjustments -9 58 Gross income 940 1,039 Net income 611 719

18 The Private Banking Division serves the top customer segment (Private and High Net Worth Individuals) through Fideuram and its subsidiaries Intesa Sanpaolo Private Banking , SIREF Fiduciaria, Intesa Sanpaolo Wealth Management, Reyl Intesa Sanpaolo and Fideuram Asset Management Ireland.

The Private Banking Division recorded:

(millions of euro) Q2 2026 Q1 2026 % changes

Operating income 926 893 3.7% Operating costs -249 -255 -2.4% Operating margin 678 638 6.1% cost/income 26.9% 28.5% Total net provisions and adjustments -10 14 Gross income 666 646 Net income 446 394

(millions of euro) H1 2026 H1 2025 % changes

Operating income 1,819 1,721 5.7% contribution to the Group's operating income 13% 12% Operating costs -503 -504 -0.2% Operating margin 1,316 1,217 8.1% cost/income 27.7% 29.3% Total net provisions and adjustments 5 -31 Gross income 1,312 1,186 Net income 840 813

19 The Asset Management Division develops asset management solutions targeted at the Group’s customers, commercial networks outside the Group and the institutional clientele through Eurizon Capital. Eurizon Capital controls Eurizon Asset Management Slovakia, which heads up Eurizon Asset Management Hungary and Eurizon Asset Management Croatia (the asset management hub in Eastern Europe), Eurizon Capital Real Asset SGR focused on alternative asset classes, Eur izon SLJ Capital LTD, an English asset management company focused on macroeconomic and currency strategies, Eurizon Capital Asia Limited and the 49% of the Chinese asset management company Penghua Fund Management.

The Asset Management Division recorded:

(millions of euro) Q2 2026 Q1 2026 % changes

Operating income 266 247 7.4% Operating costs -56 -54 4.6% Operating margin 209 193 8.2% cost/income 21.3% 21.8% Total net provisions and adjustments 1 2 Gross income 210 195 Net income 161 135

(millions of euro) H1 2026 H1 2025 % changes

Operating income 513 478 7.3% contribution to the Group's operating income 4% 3% Operating costs -110 -109 0.9% Operating margin 403 369 9.2% cost/income 21.4% 22.8% Total net provisions and adjustments 2 3 Gross income 405 372 Net income 297 272

20 The Insurance Division develops insurance products tailored for the Group’s customers; the Division includes Intesa Sanpaolo Assicurazioni (which also controls Intesa Sanpaolo Protezione , Intesa Sanpaolo Insurance Agency and InSalute Servizi) and Fideuram Vita.

The Insurance Division recorded:

(millions of euro) Q2 2026 Q1 2026 % changes

Operating income 496 474 4.8% Operating costs -93 -83 11.7% Operating margin 403 390 3.3% cost/income 18.8% 17.6% Total net provisions and adjustments -24 -3 Gross income 381 387 Net income 274 257

(millions of euro) H1 2026 H1 2025 % changes

Operating income 970 914 6.1% contribution to the Group's operating income 7% 7% Operating costs -177 -172 2.9% Operating margin 793 742 6.9% cost/income 18.2% 18.8% Total net provisions and adjustments -26 0 Gross income 769 742 Net income 531 481

21

Outlook

The implementation of the 2026 -2029 Business Plan is proceeding at full speed , with the net income outlook for 2026 upgraded to over €10bn, deriving from :

- growth in revenues , mainly driven by commission s and insurance income , with net interest income increasing to well above €15bn;

- stable costs ;

- significant reduction in provisions;

- increase in tax rate (due to the Italian Budget Law ) and in levies and other charges concerning the banking and insurance industry .

A strong value distribution is envisaged :

- payout ratio of 95% (1) for 2026 , of which 75% through cash dividends (2) and 20% through

buyback (3);

- buyback of € 2.3bn launched in July 2026;

- the Board of Directors, at today’s meeting, envisaged the distribution of a cash interim dividend of around €3.8bn on the 202 6 results. The Board will discuss the resolution regarding the interim dividend on 30 October 202 6, when it meets to approve the consolidated results as at 30 September 2026, in relation to both the results of the third quarter 202 6 and those foreseeable for the fourth quarter 202 6.

* * *

_______

(1) Calculated on the stated net income.

(2) Subject to the approval from the Shareholders’ Meeting.

(3) If the Common Equity Tier 1 ratio exceeds 12.5% and no options for higher -ROI (Return On Investment) capital allocation to external growth are available (focusing on Wealth Management) . Subject to approval s from the Shareholders’ Meeting and the ECB.

22 For consistency purpose s, the income statement figures for the four quarters 202 5 were restated :

- as a result of the outsourcing relating to the custodian bank business line , effect ive from November 2025, recording the corresponding impact in operating costs against an entry in the item “ minority interests ”;

- as a result of the integration of Fideuram Asset Management UK in to Eurizon SLJ Capital in November 2025, which determined the line -by-line consolidation of what previously valued using the equity method , fully consolidating the related items against the derecognition of the contribution to the item “dividends and profits (losses) on investments carried at equity” ;

- as a result of Neva SGR’s assets having exceed ed the materiality threshold , which determined the line -by-line consolidation of what previously valued using the equity method , fully consolidating the related items against the derecognition of the contribution to the item “dividends and profits (losses) on investments carried at equity” ;

- in the item “net interest income” of the Banca dei Territori Division and the Corporate Centr e, following the adoption of a different metho dology to calculate internal transfer rates for certain categories of loans of the Banca dei Territori Division .

* * * In order to present more complete information on the results generated in the first half of 202 6, the reclassified consolidated income statement and the reclassified consolidated balance sheet included in the report approved by the Board of Directors are attached . Please note that the auditing company in charge of performing the limited review of the half-yearly report has not yet completed its analysis.

* * * The manager responsible for preparing the company’s financial reports, Elisabetta Stegher , declares, pursuant to paragraph 2 of Article 154 -bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the document results, books and accounting records.

* * * The content of this document has a merely informative nature and is not to be construed as providing investment advice.

The statements contained herein have not been independently verified. No representation or warranty, either express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, correctness or reliability of the information contained herein. Neither the Company nor any of its representatives shall accept any liability whatsoever (whether in negligenc e or otherwise) arising in any way in relation to such information or in relation to any loss arising from its use or otherwise arising in connection with this document. By accessing these materials, you agree to be bound by the foregoing limitations.

This press release contains certain forward -looking statements (projections, objectives, estimates and forecasts) reflecting the Intesa Sanpaolo management’s current views with respect to certain future events. Forward -looking statements (projections, obje ctives, estimates and forecasts) are generally identifiable by the use of the words “may” , “will” , “should” , “plan” , “expect” , “anticipate” , “estimate” , “believe” , “intend” , “project”, “objective”, “goal”, “target” or the negative of these words or other variations on these words or comparable terminology. These forward -looking statements include, but are not limited to, all statements other than statements of historical fact s, including, without limitation, those regarding Intesa Sanpaolo’s future financial position and results of operations, strategy, plans, objectives, goals, targets and future developments in the markets where Intesa Sanpaolo participates or is seeking to participate.

Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward -looking statements as a prediction of actual results. The Intesa Sanpaolo Group’s ability to achieve its projected objectives or results is dependent on many factors which are outside management’s control. Actual results may differ materially from (and be more negative than) those projected or implied in the forward -looking statements. Such forward -looking statements involve risks and uncertainties that co uld significantly affect expected results and are based on certain key assumptions.

All forward -looking statements included herein are based on information available to Intesa Sanpaolo as of the date hereof. Intesa Sanpaolo undertakes no obligation to update publicly or revise any forward -looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law. All subsequent written and oral forward -looking statements attributable to Intesa Sanpaolo or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.

* * * Investor Relations Media Relations

+39.02.87943180 +39.02.87962326

investor.relations@intesasanpaolo.com international.media@intesasanpaolo.com

group.intesasanpaolo.com

23 Intesa Sanpaolo Group

Reclassified consolidated statement of income (millions of euro) 30.06.2026 30.06.2025 Changes

amount %

Net interest income 7,480 7,432 48 0.6 Net fee and commission income 5,131 4,891 240 4.9 Income from insurance business 973 922 51 5.5 Profits (Losses) on financial assets and liabilities at fair value 905 552 353 63.9 Other operating income (expenses) 44 -2 46 Operating income 14,533 13,795 738 5.3 Personnel expenses -3,180 -3,192 -12 -0.4 Administrative expenses -1,358 -1,360 -2 -0.1 Adjustments to property, equipment and intangible assets -684 -708 -24 -3.4 Operating costs -5,222 -5,260 -38 -0.7 Operating margin 9,311 8,535 776 9.1 Net adjustments to loans -428 -505 -77 -15.2 Other net provisions and net impairment losses on other assets -186 -107 79 73.8 Other income (expenses) -80 21 -101 Income (Loss) from discontinued operations - - - -

Gross income (loss) 8,617 7,944 673 8.5 Taxes on income -2,875 -2,500 375 15.0 Charges (net of tax) for integration, transformation and exit incentives -116 -125 -9 -7.2 Effect of purchase price allocation (net of tax) -32 -45 -13 -28.9 Levies and other charges concerning the banking and insurance industry (net of tax) -19 -50 -31 -62.0 Impairment (net of tax) of goodwill and other intangible assets - - - -

Minority interests -21 -8 13 Net income (loss) 5,554 5,216 338 6.5 Figures restated, where necessary and material, considering the changes in the scope of consolidation.

24 Intesa Sanpaolo Group

Quarterly development of the reclassified consolidated statement of income (millions of euro)

2026 2025

Second

quarter First

quarter Fourth

quarter Third

quarter Second

quarter First

quarter

Net interest income 3,844 3,636 3,684 3,680 3,800 3,632 Net fee and commission income 2,616 2,515 2,655 2,448 2,452 2,439 Income from insurance business 497 476 443 450 460 462 Profits (Losses) on financial assets and liabilities at fair value 400 505 58 81 287 265 Other operating income (expenses) 22 22 1 -13 - -2 Operating income 7,379 7,154 6,841 6,646 6,999 6,796 Personnel expenses -1,605 -1,575 -2,165 -1,668 -1,607 -1,585 Administrative expenses -727 -631 -996 -698 -729 -631 Adjustments to property, equipment and intangible assets -321 -363 -388 -357 -336 -372 Operating costs -2,653 -2,569 -3,549 -2,723 -2,672 -2,588 Operating margin 4,726 4,585 3,292 3,923 4,327 4,208 Net adjustments to loans -258 -170 -962 -278 -281 -224 Other net provisions and net impairment losses on other assets -122 -64 -250 -35 -84 -23 Other income (expenses) -68 -12 -190 -2 25 -4 Income (Loss) from discontinued operations - - - - - -

Gross income (loss) 4,278 4,339 1,890 3,608 3,987 3,957 Taxes on income -1,393 -1,482 77 -1,150 -1,252 -1,248 Charges (net of tax) for integration, transformation and exit incentives -56 -60 -164 -64 -68 -57 Effect of purchase price allocation (net of tax) -15 -17 -14 -17 -21 -24 Levies and other charges concerning the banking and insurance industry (net of tax) -10 -9 -60 -3 -41 -9 Impairment (net of tax) of goodwill and other intangible assets - - - - - -

Minority interests -11 -10 4 -2 -4 -4 Net income (loss) 2,793 2,761 1,733 2,372 2,601 2,615 Figures restated, where necessary and material, considering the changes in the scope of consolidation.

25 Intesa Sanpaolo Group

Reclassified consolidated balance sheet (millions of euro) Assets 30.06.2026 31.12.2025 Changes

amount %

Cash and cash equivalents 37,179 37,868 -689 -1.8 Due from banks 44,038 41,622 2,416 5.8 Loans to customers 437,125 425,033 12,092 2.8 Loans to customers measured at amortised cost 432,205 421,555 10,650 2.5 Loans to customers measured at fair value through other comprehensive income and through profit or loss 4,920 3,478 1,442 41.5 Financial assets measured at amortised cost which do not constitute loans 78,571 69,610 8,961 12.9 Financial assets measured at fair value through profit or loss 57,439 50,731 6,708 13.2 Financial assets measured at fair value through other comprehensive income 92,066 87,470 4,596 5.3 Financial assets pertaining to insurance companies measured at amortised cost 3 9 -6 -66.7 Financial assets pertaining to insurance companies measured at fair value through profit or loss 116,096 110,687 5,409 4.9 Financial assets pertaining to insurance companies measured at fair value through other comprehensive income 73,426 73,491 -65 -0.1 Investments in associates and companies subject to joint control 2,867 2,735 132 4.8 Property, equipment and intangible assets 18,376 18,648 -272 -1.5 Assets owned 17,338 17,628 -290 -1.6 Rights of use acquired under leases 1,038 1,020 18 1.8 Tax assets 10,787 11,591 -804 -6.9 Non-current assets held for sale and discontinued operations 1,114 1,065 49 4.6 Other assets 23,582 29,327 -5,745 -19.6 Total Assets 992,669 959,887 32,782 3.4

Liabilities 30.06.2026 31.12.2025 Changes

amount %

Due to banks at amortised cost 60,986 56,716 4,270 7.5 Due to customers at amortised cost and securities issued 572,628 563,519 9,109 1.6 Financial liabilities held for trading 40,617 39,648 969 2.4 Financial liabilities designated at fair value 29,838 27,196 2,642 9.7 Financial liabilities at amortised cost pertaining to insurance companies 2,092 2,156 -64 -3.0 Financial liabilities held for trading pertaining to insurance companies 43 62 -19 -30.6 Financial liabilities designated at fair value pertaining to insurance companies 49,564 49,184 380 0.8 Tax liabilities 2,637 2,881 -244 -8.5 Liabilities associated with non -current assets held for sale and discontinued operations 62 45 17 37.8 Other liabilities 24,678 15,464 9,214 59.6 of which lease payables 1,068 1,053 15 1.4 Insurance liabilities 136,165 132,518 3,647 2.8 Allowances for risks and charges 4,210 5,120 -910 -17.8 of which allowances for commitments and financial guarantees given 527 676 -149 -22.0 Share capital 10,529 10,369 160 1.5 Reserves 45,649 42,578 3,071 7.2 Valuation reserves -1,241 -1,138 103 9.1 Valuation reserves pertaining to insurance companies -403 -374 29 7.8 Interim dividend - -3,234 -3,234 Equity instruments 8,935 7,704 1,231 16.0 Minority interests 126 152 -26 -17.1 Net income (loss) 5,554 9,321 -3,767 -40.4 Total liabilities and shareholders' equity 992,669 959,887 32,782 3.4 Figures restated, where necessary and material, considering the changes in the scope of consolidation and discontinued operat ions.

26 Intesa Sanpaolo Group

Quarterly development of the reclassified consolidated balance sheet (millions of euro) Assets 2026 2025 30/6 31/3 31/12 30/9 30/6 31/3 Cash and cash equivalents 37,179 35,584 37,868 36,957 41,864 37,447 Due from banks 44,038 44,356 41,622 37,010 35,381 36,933 Loans to customers 437,125 429,832 425,033 421,073 418,591 416,797 Loans to customers measured at amortised cost 432,205 424,914 421,555 417,959 415,854 414,811 Loans to customers measured at fair value through other comprehensive income and through profit or loss 4,920 4,918 3,478 3,114 2,737 1,986 Financial assets measured at amortised cost which do not constitute loans 78,571 75,092 69,610 69,483 67,037 65,124 Financial assets measured at fair value through profit or loss 57,439 56,207 50,731 49,669 50,544 48,862 Financial assets measured at fair value through other comprehensive income 92,066 86,775 87,470 88,325 87,162 88,323 Financial assets pertaining to insurance companies measured at amortised cost 3 3 9 4 4 5 Financial assets pertaining to insurance companies measured at fair value through profit or loss 116,096 108,187 110,687 106,955 104,198 101,980 Financial assets pertaining to insurance companies measured at fair value through other comprehensive income 73,426 72,241 73,491 71,784 71,721 70,518 Investments in associates and companies subject to joint control 2,867 2,628 2,735 2,992 3,005 2,970 Property, equipment and intangible assets 18,376 18,429 18,648 18,344 18,449 18,497 Assets owned 17,338 17,364 17,628 17,321 17,374 17,419 Rights of use acquired under leases 1,038 1,065 1,020 1,023 1,075 1,078 Tax assets 10,787 11,391 11,591 10,931 11,590 12,462 Non-current assets held for sale and discontinued operations 1,114 1,034 1,065 718 744 907 Other assets 23,582 26,306 29,327 29,779 33,162 34,309 Total Assets 992,669 968,065 959,887 944,024 943,452 935,134

Liabilities 2026 2025 30/6 31/3 31/12 30/9 30/6 31/3 Due to banks at amortised cost 60,986 59,594 56,716 66,765 63,812 60,107 Due to customers at amortised cost and securities issued 572,628 563,625 563,519 538,303 536,218 540,743 Financial liabilities held for trading 40,617 43,333 39,648 40,179 41,870 41,513 Financial liabilities designated at fair value 29,838 27,311 27,196 25,374 24,700 24,175 Financial liabilities at amortised cost pertaining to insurance companies 2,092 2,182 2,156 1,981 1,927 1,971 Financial liabilities held for trading pertaining to insurance companies 43 67 62 75 66 100 Financial liabilities designated at fair value pertaining to insurance companies 49,564 46,914 49,184 48,136 47,917 48,136 Tax liabilities 2,637 3,637 2,881 2,685 2,358 2,614 Liabilities associated with non -current assets held for sale and discontinued operations 62 48 45 3 10 249 Other liabilities 24,678 17,108 15,464 19,161 26,131 19,208 of which lease payables 1,068 1,095 1,053 1,054 1,104 1,105 Insurance liabilities 136,165 130,668 132,518 129,659 127,142 124,195 Allowances for risks and charges 4,210 4,854 5,120 4,569 4,643 5,356 of which allowances for commitments and financial guarantees given 527 618 676 595 587 585 Share capital 10,529 10,369 10,369 10,369 10,369 10,369 Reserves 45,649 51,793 42,578 43,175 44,257 51,315 Valuation reserves -1,241 -1,544 -1,138 -1,508 -1,566 -1,849 Valuation reserves pertaining to insurance companies -403 -473 -374 -342 -316 -367 Interim dividend - -3,234 -3,234 - - -3,022 Equity instruments 8,935 8,935 7,704 7,703 8,559 7,572 Minority interests 126 117 152 149 139 134 Net income (loss) 5,554 2,761 9,321 7,588 5,216 2,615 Total Liabilities and Shareholders' Equity 992,669 968,065 959,887 944,024 943,452 935,134 Figures restated, where necessary and material, considering the changes in the scope of consolidation and discontinued operat ions.

27 Intesa Sanpaolo Group

Breakdown of financial highlights by business area (millions of euro)

Banca

dei

Territori IMI

Corporate

&

Investment

Banking International

Banks Private

Banking Asset

Management Insurance Corporate

Centre Total

Operating income

30.06.2026 6,205 2,960 1,622 1,819 513 970 444 14,533 30.06.2025 6,059 2,520 1,641 1,721 478 914 462 13,795 % change 2.4 17.5 -1.2 5.7 7.3 6.1 -3.9 5.3

Operating costs

30.06.2026 -2,898 -698 -673 -503 -110 -177 -163 -5,222 30.06.2025 -2,952 -695 -660 -504 -109 -172 -168 -5,260 % change -1.8 0.4 2.0 -0.2 0.9 2.9 -3.0 -0.7

Operating margin

30.06.2026 3,307 2,262 949 1,316 403 793 281 9,311 30.06.2025 3,107 1,825 981 1,217 369 742 294 8,535 % change 6.4 23.9 -3.3 8.1 9.2 6.9 -4.4 9.1 Net income (loss) 30.06.2026 1,727 1,481 611 840 297 531 67 5,554 30.06.2025 1,657 1,202 719 813 272 481 72 5,216 % change 4.2 23.2 -15.0 3.3 9.2 10.4 -6.9 6.5

(millions of euro)

Banca

dei

Territori IMI

Corporate

&

Investment

Banking International

Banks Private

Banking Asset

Management Insurance Corporate

Centre Total

Loans to customers 30.06.2026 219,940 134,524 52,353 14,609 324 - 15,375 437,125 31.12.2025 219,992 124,132 48,944 14,685 351 - 16,929 425,033 % change - 8.4 7.0 -0.5 -7.7 - -9.2 2.8 Direct deposits from banking business 30.06.2026 260,098 133,696 67,237 45,941 - - 105,373 612,345 31.12.2025 260,614 127,337 64,693 45,675 - - 101,880 600,199 % change -0.2 5.0 3.9 0.6 - - 3.4 2.0 Risk -weighted assets 30.06.2026 91,462 115,069 44,062 16,978 2,913 - 47,944 318,428 31.12.2025 90,681 111,424 41,061 16,487 2,868 - 47,680 310,201 % change 0.9 3.3 7.3 3.0 1.6 - 0.6 2.7

Absorbed capital

30.06.2026 8,789 11,070 5,181 1,650 297 5,735 2,974 35,696 31.12.2025 8,714 10,721 4,783 1,604 293 5,344 3,092 34,551 % change 0.9 3.3 8.3 2.9 1.4 7.3 -3.8 3.3 Figures restated, where necessary and material, considering the changes in the scope of consolidation and in business unit co nstituents and discontinued operations.

Fine Comunicato n.0033-186-2026 Numero di Pagine: 29