Santander Bank

Relevant News Item 2nd July 2025

Santander Buys TSB from Sabadell for €3.1 Billion

Banco Santander—currently the UK’s fourth-largest mortgage lender—will pay £2.65 billion (approximately €3.1 billion) in cash for TSB, the ninth-largest bank in the country. In addition to this, Sabadell will receive the €300 million that TSB is expected to earn until the transaction closes during the first quarter of 2026. This deal will allow Sabadell to pay €3.8 billion in dividends (equivalent to 1/6 of the bank’s capitalization) over the next…

Spanish economy 5th May 2025

Santander sells 49% of Santander Polska to Erste Group Bank for €6.8 billion

Erste Group Bank AG (“Erste”) to acquire a c.49% stake in Santander Bank Polska S.A. (“Santander Polska”) and 50% of Santander’s Polish asset management business TFI for a total cash consideration of €7 billion. The all-cash transaction at 584 zlotys per share values the bank at 2.2 times first quarter 2025 tangible book value per share, excluding the declared dividend of 46.37 zlotys per share, and represents a premium of…

Spanish economy 30th April 2025

Santander: 1Q25 First Look – 9% Beat, with Many Moving Parts across Geos

Iñigo Vega (Jefferies) | A 9% net income beat, mainly driven by revenues (trading and other income) and lower other provisions. Strong prints in South EU, alongside Poland and the US, while key geos in Latam and the UK were soft. The print looks good enough to us, with LLPs the only notable miss driven by €100m in extra NPL provisions booked at Corp Centre. FY25 guidance maintained despite EZ…

In Spain 6th February 2025

“We are giving Spaniards cheaper mortgages today than what we lend to the State,” explains Santander president

“And corporate credit in Spain is now cheaper than in Germany, according to data from the ECB survey” (3.69% vs 3.70%), emphasized the president of Spain’s largest bank, Ana Botín, who saw a rise of more than 8% in the stock market yesterday after announcing profits of €12.574 billion (up 14%) with a revenue increase of 10%. (https://t.co/TUaTQ8qTGE ) The board intends to increase shareholder returns and also announces a…

In Spain 5th February 2025

Santander reports profit of 12,574 million (+14%) in 2024

Jefferies | 4Q2 First Look -New Guidance Supportive to Earnings and Buybacks: A 4% PBT beat, positively impacted by an FX adjustment in Argentina, with PBT ex-Argentina in line. Beats come from ‘core’ geos such as Spain, Mexico and Brazil, with softer prints in rest of Europe. New guidance implies c1-1.5bn EUR upside to ’25 cons profits (+10% at the mid-point) and c4bn EUR upside to cons buybacks in ’25-26….

Spanish economy 29th October 2024

Santander reports 3Q24 attributable profit of €3,250m, 4% above company-compiled consensus

Iñigo Vega (Jefferies) | Santander 3Q24 First Look – Solid Dynamics Despite Still Ongoing Neg. Argentine Impact A 4% beat at bottom line, again impacted by negative adjustments in relation to Argentina. Ex-Argentina, net income was a 7% beat (5% beat at PBT). Revenue dynamics trending in line, with strong trading and other income and NII in line. Across the Group, better OpEx and CoR dynamics. Beats coming from key…

Spanish economy 5th September 2024

Banco Santander, Global Sponsor of Formula I

Banco Santander has ‘returned’ to Formula One, but this time as Global Sponsor of the competition, thus interrupting its presence in the Ferrari team, which was so successful during its first sponsorship during the presidency of the late Emilio Botín. The entity now headed by Ana Botín is expanding its investment, becoming the company’s global sponsor and official bank. The international entity, based in Santander, announced this Wednesday the agreement…

In Spain 30th August 2024

Santander starts share buyback program of up to €1,525 million

Banco Santander informed the market yesterday that, in application of the bank’s current shareholder remuneration policy, consisting of a total shareholder remuneration target of around 50% of the group’s ordinary profit, distributed approximately equally between cash dividend and share buybacks, the board of directors has approved to implement a share buyback program to which an amount equivalent to around 25% of Santander’s ordinary profit will be allocated in 1H2024, a…

Spanish economy 24th July 2024

Santander reports profit of €6,059 million, up 16%, in first half of year

Santander achieved an attributable profit of €6,059 million in the first half of 2024, up 16% in current euros versus the same period last year, as strong growth in net interest income in all the global businesses and regions, supported by four million more customers, and very good cost control, more than offset the expected year-on-year growth in provisions. The group continued to increase profitability and shareholder value creation, with…

Spanish economy 30th April 2024

Santander reports attributable profit of €2,852 million (+11%) for 1Q24

Jefferies | Banco Santander | BUY | SAN SM ! €4.75 ! PT: € 5.10 | % to PT: +7% A 1% miss versus cons at bottom-line level albeit some variations by geos. But decent print at PBT level (+1% beat). Revenue dynamics trending well, with Spain particularly strong. Brazil NII and asset quality trends also supportive, alongside good performance in fees in the US. Across the Group, OpEx and…

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