桑坦德银行报告第三季度业绩

2025-10-29 16:13

Banco Santander press release (NYSE:SAN): Q3 GAAP EPS of $0.23.
Net interest income of €10.35B (+2% Y/Y)
The CET1 ratio ended September 2025 at 13.1%, having increased 0.1 pp in the quarter, and is slightly above the top end of our operating range of 12–13% and our 2025 target.
In Q3 2025, profit attributable to the parent was EUR 3,504 million, a sixth consecutive quarterly record, up 2% compared to Q2 2025. In constant euros, profit rose 3% quarter-on-quarter, despite the impact of Argentina. Excluding it, profit grew 4%, driven by a resilient NII even in a less favourable interest rate environment, solid net fee income and lower provisions, with controlled costs. u In 9M 2025, attributable profit increased 11% year-on-year to EUR 10,337 million, also an all-timehigh.
In constant euros, profit rose 16% backed by solid performances across all revenue lines, especially in net fee income, with costs flat in real terms and better cost of risk. In addition, the year-on-year comparison was favoured by the charges in Q2 2024 following the discontinuation of the merchant platform in Germany and Superdigital in Latin America.
Strong profit growth across our global businesses, most of them at or close to double digits year-onyear, supported by the solid increase in revenue. u These results in 9M 2025 put us on track to meet our 2025 targets

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