Banco Santander stock slips as profit rises and targets hold

Banco Santander reported record underlying profit of EUR 11.18 billion for the first nine months of 2026, up 16 percent from a year earlier. The bank also reaffirmed its 2026 targets, according to RTTNews.

Underlying profit for the third quarter reached EUR 3.8 billion, an increase of 19 percent year over year. Attributable profit for the first nine months was EUR 12.41 billion, while total revenue rose 8 percent to EUR 46.81 billion.

Targets Remain Central To Outlook

Banco Santander said its 2026 targets exclude the impact of mergers and acquisitions completed in 2025 and 2026. They include mid-single-digit revenue growth, lower costs in constant euros, profit above the EUR 14.1 billion reported in 2025 and a CET1 ratio between 12.8 percent and 13 percent.

The bank also maintained its three-year ambitions, including return on tangible equity above 20 percent, profit above EUR 20 billion and more than 210 million customers by 2028. Customer additions, revenue growth and efficiency therefore remain important indicators for investors as the integration of TSB and Webster progresses.

Weekly Share Performance

Banco Santander stock traded at 10.12 euros on Lang & Schwarz at 10:41 CET on Saturday, October 31, 2026, 3.12 percent below the Xetra close of Friday, October 30. The Bolsamania Xetra page showed a one-week decline of 8.54 percent through October 30.

For investors tracking the latest quote, see the real-time quote of Banco Santander stock.

Spanish equities traded against a weaker backdrop, with the IBEX 35 also under pressure at the end of the week.

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