Santander Q3 underlying profit rises 19%, reaffirms 2026 targets

What happened: Banco Santander's (BME:SAN) underlying profit rose 19% in the third quarter, helped by higher customer activity and revenue growth that offset rising loan-loss provisions. Key numbers: Q3 underlying profit 3.85 billion euros ($4.28 billion). Attributable profit fell 2% to 3.43 billion euros on Webster integration costs. Why it matters: Santander reiterated its 2026 targets, including mid-single-digit revenue growth and profit above the 14.1 billion euros reported in 2025, and expects its CET1 ratio to reach 12.8% to 13%.

Banco Santander's (BME:SAN) underlying profit rose 19% in the third quarter, helped by higher customer activity and revenue growth that offset rising loan-loss provisions.

Santander reiterated its 2026 targets, including mid-single-digit revenue growth and profit above the 14.1 billion euros reported in 2025, and expects its CET1 ratio to reach 12.8% to 13%.