Santander Bank's Q2 revenue slightly exceeds expectations, reaffirms 2026 performance target
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Glonghui July 22|Santander Bank announced its second quarter results, with revenue of 15.71 billion euros, up 3.8% year-on-year, slightly higher than analysts’ expectations of 15.66 billion euros; earnings per share were 0.25 euros, higher than 0.23 euros in the same period last year. Net interest income was 11.7 billion euros, exceeding analysts’ average estimate of 11.5 billion euros. Santander Bank reiterated its 2026 targets (excluding the impact of mergers and acquisitions): mid-single digit growth in revenue, cost reductions, increased profits, and a Common Equity Tier 1 (CET1) ratio of 12.8%-13%.
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