Quarterly ResultApr 29, 2026, 04:40 PM
SAN Q1 Profit Attributable to Parent EUR 5.46B (+60.3%); EUR 5.03B Buyback
AI Summary
Banco Santander, S.A. reported a significant increase in Q1 2026 profit attributable to the parent, reaching EUR 5,455 million, a 60.3% rise year-over-year. Total income for the quarter grew by 3.8% to EUR 15,140 million. The company also launched a second share buyback program for up to EUR 5,030 million and announced a complementary dividend of EUR 0.125 per share. Strategic activities included the completed sale of Santander Bank Polska, contributing EUR 1,895 million to profit, and agreements to acquire Webster Financial Corporation for approximately USD 12,200 million and TSB Banking Group plc for approximately GBP 2,650 million.
Key Highlights
- SAN Q1 2026 profit attributable to parent EUR 5,455M, up 60.3% YoY from EUR 3,402M.
- Total income for Q1 2026 reached EUR 15,140M, a 3.8% increase from EUR 14,579M YoY.
- Launched a second share buyback program for a maximum total amount of EUR 5,030M.
- Net gain on disposal from Santander Bank Polska sale contributed EUR 1,895M to Q1 profit.
- Agreed to acquire Webster Financial Corporation for approx. USD 12,200M (EUR 10,300M).
- Agreed to acquire TSB Banking Group plc for approx. GBP 2,650M (EUR 3,100M).
- Complementary dividend of EUR 0.125 per share against 2025 results, payable May 5, 2026.