Santander Q2 profit rises 3%, confirms 2026 targets and three-year plan

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Banco Santander reported a 3% year-over-year increase in second-quarter profit attributable to the parent, reaching €3.52 billion, and confirmed its 2026 financial targets as well as its three-year plan. Underlying profit attributable rose 17% to €3.77 billion, while total income was €15.58 billion. The bank said it is on track to meet its 2026 goals, including mid-single-digit revenue growth and a CET1 ratio between 12.8% and 13%, and reiterated its three-year plan targeting a return on tangible equity above 20%, profit above €20 billion, and more than 210 million customers by 2028. First-half profit attributable to the parent reached €8.97 billion, up 31%, boosted by a €1.9 billion net capital gain from the disposal of Santander Bank Polska, partially offset by €250 million in restructuring costs related to the integration of TSB.

Impact on assets 3

Financials▲ · 3 stocks
Banco Santander SA ADR
SAN
▲ PositiveCapitalrelevance

Santander reported a 3% rise in Q2 profit, confirmed 2026 targets and three-year plan, with strong underlying profit growth.

Santander Bank Polska SA
0DVR
▲ PositiveCapitalrelevance

Santander's Q2 profit includes a €1.9 billion net capital gain from the disposal of Santander Bank Polska.

Off-coverage companies 1

TSB BankPrivate± Mixed
relevance

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