Banco Santander stock: 9M profit rises 16% as targets reaffirmed

Published on 10/30/2026 at 15:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Banco Santander stock has a fresh nine-month earnings catalyst after revenue rose and management reaffirmed its 2026 targets. Customer growth and efficiency remain central to the outlook.

Profit growth meets reaffirmed targets

Underlying earnings strengthened on higher customer activity and efficiency gains.
Revenue growth, customer expansion and disciplined costs support Santander's outlook.
The bank reaffirmed its 2026 targets and its three-year plan through 2028.

Banco Santander, ES0113900J37, Illustration mit AI erstellt.

Banco Santander reported record underlying profit for the first nine months of 2026, up 16% year on year, as customer activity and the ONE Transformation programme supported revenue and efficiency. The update was published on Wednesday, October 28, by Banco Santander.

Operating momentum supports outlook

Underlying profit reached 11.176 billion euros in the nine months through September, while attributable profit reached 12.405 billion euros. The statutory figure included a 1.9 billion euro net capital gain from the disposal of Santander Bank Polska, partly offset by 666 million euros of charges linked in part to the integration of TSB and Webster.

Revenue increased 8% to 46.807 billion euros. Net interest income rose 10% to 34.614 billion euros and net fee income advanced 9% to 10.349 billion euros. Costs fell 1% excluding the two acquisitions, helping lift the efficiency ratio to 42.6%.

Santander added 17 million customers over the past twelve months, bringing the total to 189 million. Underlying return on tangible equity reached 16.0%, while the CET1 ratio stood at 12.7% after the Webster acquisition.

Targets remain unchanged

Management reaffirmed its 2026 targets, including mid-single-digit revenue growth, lower costs in constant euros, profit above the 14.1 billion euros reported in 2025 and a CET1 ratio between 12.8% and 13%. The bank also maintained its 2028 plan for return on tangible equity above 20%, profit above 20 billion euros and more than 210 million customers.

Banco Santander stock traded at 10.19 euros on Lang & Schwarz at 15:04 CET on Friday, October 30, 2026, 6.60% below the 10.91 euros quoted in the latest relevant own report dated October 28. Investors can follow the real-time quote of Banco Santander stock.