Banco Santander reported a record quarterly profit of $3.8 billion, marking its best half-year performance ever. The bank grew its customer base by more than 12 million year-on-year to 182 million, while efficiency improved by 3 percentage points and underlying return on tangible equity rose to 15.6%. Revenue increased 6% in constant euros, with net interest income up 6% and record fees rising 7% across all businesses and countries. The CET1 ratio stood at 14%, including the impact of TSB, and the board approved a share buyback program of up to EUR1.8 billion against 2026 results.
Banco Santander SA ADRRecord quarterly profit, improved efficiency, higher return on equity, and EUR1.8B buyback announced.