Banco Santander reports Q3 underlying profit up 19% and reaffirms 2026 targets
Banco Santander posted third‑quarter underlying profit of €3.85 billion, a 19% year‑over‑year increase, while attributable profit fell 2% to €3.43 billion. Total income was reported at €15.96 billion, up about 12% YoY. The bank reiterated its 2026 guidance, including a CET1 ratio of 12.8%‑13% and profit above €14.1 billion, and noted that it added 17 million customers over the past year.
Why it matters
The underlying profit beat analysts’ forecasts, supporting the bank’s reaffirmed 2026 profit target (the company expects profit above €14.1 billion). However, the revenue miss may weigh on short‑term sentiment, as the bank’s total income fell short of some expectations.
Key facts
- 1Underlying profit reached €3.85 billion, up 19% YoY. investing.com
- 2Attributable profit declined 2% YoY to €3.43 billion. investing.com
- 3Underlying EPS was €0.26 for the quarter. rttnews.com
- 4Total income was €15.96 billion, up 12% YoY. rttnews.com
- 5CET1 capital ratio target for 2026 is 12.8%‑13%. investing.com
- 6The bank added 17 million customers in the past twelve months. rttnews.com
Open questions
- Material 1 reports revenue of €15.89 billion, while material 4 reports total income of €15.96 billion; the figures differ on the same basis.
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.