Intesa Sanpaolo Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Carlo Messina

Chief executive officer

€7.1m

Total compensation

CEO salary percentage	35.2%
CEO tenure	10.8yrs
CEO ownership	n/a
Management average tenure	6.4yrs
Board average tenure	8.2yrs

Recent management updates

No updates

Recent updates

CEO Compensation Analysis

How has Carlo Messina's remuneration changed compared to Intesa Sanpaolo's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	€8b
Dec 31 2023	n/a	n/a	€8b
Sep 30 2023	n/a	n/a	€7b
Jun 30 2023	n/a	n/a	€6b
Mar 31 2023	n/a	n/a	€5b
Dec 31 2022	€7m	€3m	€4b
Sep 30 2022	n/a	n/a	€3b
Jun 30 2022	n/a	n/a	€4b
Mar 31 2022	n/a	n/a	€4b
Dec 31 2021	€4m	€3m	€4b
Sep 30 2021	n/a	n/a	€907m
Jun 30 2021	n/a	n/a	€4b
Mar 31 2021	n/a	n/a	€3b
Dec 31 2020	€3m	€3m	€2b

Compensation vs Market: Carlo's total compensation ($USD7.70M) is above average for companies of similar size in the UK market ($USD5.76M).

Compensation vs Earnings: Carlo's compensation has increased by more than 20% in the past year.

CEO

Carlo Messina (62 yo)

10.8yrs

Tenure

€7,099,400

Compensation

Mr. Carlo Messina served Managing Director and Chief Executive Officer of Intesa Sanpaolo SpA & Intesa Sanpaolo Vita S.p.A. respectively since September 2013 and served as its General Manager. A graduate o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Carlo Messina	MD, CEO	10.8yrs	€7.10m	no data
Luca Bocca	Chief Financial Officer	less than a year	no data	no data
Nicola Fioravanti	Chief Governance	less than a year	no data	no data
Massimo Proverbio	Chief Data	6.4yrs	no data	no data
Fabrizio Dabbene	Head of Administration & Tax Department and Manager	9yrs	no data	no data
Andrea Tamagnini	Head of Investor Relations	no data	no data	no data
Piero Franco Boccassino	Chief Compliance Officer	8.9yrs	no data	no data
Flavio Gianetti	Chief Equity	less than a year	no data	no data
Stefano Lucchini	Chief Institutional Affairs & External Communication Officer	6.4yrs	no data	no data
Roberto Cascella	Chief People & Culture Officer	less than a year	no data	no data
Gregorio De Felice	Head of Research Department	no data	no data	no data
Simone Blasi	Head of Media Relations - Corporate & Investment Banking and Head of International Media	no data	no data	no data

6.4yrs

Average Tenure

61yo

Average Age

Experienced Management: ISPM's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Carlo Messina	MD, CEO	5.2yrs	€7.10m	no data
Gian Gros-Pietro	Chairman of the Board	8.2yrs	€947.50k	no data
Bruno Picca	Director	11.2yrs	€247.50k	no data
Franco Ceruti	Director	8.2yrs	€280.00k	no data
Paolo Colombo	Independent Deputy Chairperson	8.2yrs	€416.40k	no data
Livia Pomodoro	Independent Director	8.2yrs	€206.50k	no data
Daniele Zamboni	Independent Director	8.2yrs	€311.50k	no data
Maria Mazzarella	Independent Director	8.2yrs	€180.00k	no data
Maria Zoppo	Independent Director	8.2yrs	€260.00k	no data
Milena Motta	Independent Director	8.2yrs	€260.00k	no data
Alberto Pisani	Independent Director	8.2yrs	€325.00k	no data
Paola Tagliavini	Independent Director	2.2yrs	€193.20k	no data

8.2yrs

Average Tenure

67yo

Average Age

Experienced Board: ISPM's board of directors are considered experienced (8.2 years average tenure).

Intesa Sanpaolo Management

Management criteria checks 2/4

Key information

Recent management updates

Recent updates

Upcoming dividend of €0.15 per share

New minor risk - Shareholder dilution

First quarter 2024 earnings released: EPS: €0.13 (vs €0.10 in 1Q 2023)

Full year 2023 earnings released: EPS: €0.42 (vs €0.23 in FY 2022)

New major risk - Revenue and earnings growth

New minor risk - Shareholder dilution

Final dividend of €0.15 announced

Full year 2023 earnings released

Intesa Sanpaolo S.p.A. to Report Q2, 2024 Results on Jul 30, 2024

Upcoming dividend of €0.14 per share at 6.4% yield

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: €0.10 (vs €0.049 in 3Q 2022)

Intesa Sanpaolo S.p.A. (BIT:ISP) signed a share purchase agreement to acquire 99.98% stake in First Bank S.A. from JCF IV Tiger Holdings S.à r.l..

Intesa Sanpaolo Reportedly Negotiating with Egyptian Government to Buy Remaining 20% Equity Stake in Alexbank

Second quarter 2023 earnings released

Intesa Sanpaolo S.P.A. Launches New Digital Bank Isybank

Upcoming dividend of €0.087 per share at 6.6% yield

Intesa Sanpaolo S.p.A. Provides Earnings Guidance for the Full Year 2023

First quarter 2023 earnings released: EPS: €0.10 (vs €0.05 in 1Q 2022)

Full year 2022 earnings released

Intesa Sanpaolo S.p.A. to Report Fiscal Year 2022 Results on Feb 03, 2023

Intesa Sanpaolo S.p.A. (BIT:ISP) acquired an unknown minority stake in CreditAccess India N.V.

An unknown buyer completed the acquisition of Nexi S.p.A. (BIT : NEXI) from Intesa Sanpaolo S.p.A. (BIT:ISP) for approximately €580 million.

An unknown buyer agreed to acquire a 5.1% stake in Nexi S.p.A. (BIT:NEXI) from Intesa Sanpaolo S.p.A. (BIT:ISP).

An unknown buyer agreed to acquire a 5.1% stake in Nexi S.p.A. (BIT:NEXI) from Intesa Sanpaolo S.p.A. (BIT:ISP).

Intesa Sanpaolo S.p.A. Provides Earnings Guidance for the Year 2022

Fondazione Banca del Monte di Lombardia agreed to acquire an unknown stake in Acantus S.p.A from Intesa Sanpaolo S.p.A. (BIT:ISP).

Second quarter 2022 earnings released

Upcoming dividend of €0.079 per share

First quarter 2022 earnings released: EPS: €0.053 (vs €0.08 in 1Q 2021)

Full year 2021 earnings released: EPS: €0.22 (vs €0.12 in FY 2020)

Investor sentiment deteriorated over the past week

Now 20% undervalued

Full year 2021 earnings: Revenues exceed analyst expectations

Intesa Sanpaolo S.p.A. (BIT:ISP) agreed to acquire UBI Leasing S.p.A.

Upcoming dividend of €0.072 per share

Third quarter 2021 earnings released

Upcoming dividend of €0.10 per share

Second quarter 2021 earnings released

Upcoming dividend of €0.036 per share

First quarter 2021 earnings released: EPS €0.076 (vs €0.069 in 1Q 2020)

Full year 2020 earnings released: EPS €0.12 (vs €0.24 in FY 2019)

New 90-day high: €2.14

Full year 2020 earnings released

New 90-day high: €2.01

Intesa Sanpaolo S.p.A. to Report Fiscal Year 2020 Final Results on Mar 23, 2021

New 90-day high: €1.99

Intesa Sanpaolo Signs a Memorandum of Understanding with Kyriba

Banca IFIS S.p.A. (BIT:IF) acquired EUR 553 million Non Performing Loans Portfolio of Intesa Sanpaolo S.p.A.

OHL Concesiones, S.A. completed the acquisition of 55.8% stake in Autostrade Lombarde S.p.A. from Intesa Sanpaolo S.p.A. (BIT:ISP)

Intesa Sanpaolo S.p.A. (BIT:ISP) signed binding framework agreement to acquire 60% stake in Euroconsult Rental Division SPA from 2001 Euroconsult Srl and Locatec Sas Di Miscioscia Francesco & C.

Intesa Sanpaolo S.p.A. to Report Nine Months, 2020 Results on Nov 04, 2020

Aviva Reportedly in Talks for Piecemeal Sale of Italy Business

Intesa Sanpaolo S.p.A. (BIT:ISP) completed the acquisition of Unione di Banche Italiane S.p.A. (BIT:UBI).

Fi.NAV., managed by Davy Asset Management Limited acquired portfolio of ship mortgage loans from UniCredit S.p.A. (BIT:UCG) and Intesa Sanpaolo S.p.A. (BIT:ISP).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age