- Santander plans to spend €10 billion on share buybacks over 2025 and 2026, using excess capital for part of this plan.
- The bank targets a revenue of about €62 billion in 2025 and aims for a CET1 ratio of 13% for the same year.
- Net income for the latest quarter reached €3.27 billion, slightly above the estimated €2.93 billion.
- Digital Consumer Bank contributed €155 million in net income while the Retail & Commercial Banking segment brought in €1.93 billion.
- Wealth Management & Insurance generated a net income of €384 million, falling below the estimate of €416.7 million.
- Corporate & Investment Banking achieved a net income of €701 million, with Payments segment exceeding expectations at €235 million.
- The net provision for loan losses was €3.11 billion, slightly better than the forecasted €3.25 billion.
- Net interest income increased by 6.8% quarter-on-quarter, totaling €11.99 billion, surpassing the estimated €11.33 billion.
- The total income for the period was €16.03 billion, higher than the estimated €15.18 billion, marking a 5.9% increase quarter-on-quarter.
- Efficiency ratio improved to 42.3% compared to the previous quarter and better than the estimated 43.2%.
- Santander’s CET1 ratio fully-loaded was reported at 12.8%, meeting expectations and showing an increase from the previous quarter.
- Return on tangible equity was 16.6%, slightly below the prior quarter but above the estimated 15.5%.
- The non-performing loans ratio is steady at 3.05%, below the estimated 3.17%.
- Operating expenses were €6.77 billion, slightly higher than the anticipated €6.6 billion.
- Customer deposits increased by 1% quarter-on-quarter, reaching €1.06 trillion, matching estimates.
- 19 analysts have a “buy” rating for Santander, with 6 maintaining “hold” and only 1 recommending “sell”.
“`
A look at Banco Santander Sa Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 5 | |
Dividend | 4 | |
Growth | 4 | |
Resilience | 2 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Banco Santander Sa is positioned well for the long term. The company excels in value, dividend, growth, and momentum, indicating strong performance in these areas. With a high score in value and strong momentum, Banco Santander Sa shows promising signs for investors looking for a company with solid fundamentals and growth potential in the market.
Despite a lower score in resilience, Banco Santander Sa‘s overall outlook remains positive, supported by its robust value, dividend, growth, and momentum scores. Investors may see Banco Santander Sa as a stable option with growth prospects and dividend income potential in the long run, based on the Smartkarma Smart Scores analysis of the company’s key factors.
### Summary: Banco Santander SA provides a range of banking and financial services, including retail and commercial banking, asset management, and investment services. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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