Santander posts record €11.18bn underlying profit for nine months
Spain – October 31, 2026 -- Banco Santander reported a record underlying profit of €11,176 million for the first nine months of 2026, up 16% year-on-year, as the TSB and Webster acquisitions lifted its customer base to 189 million. Attributable profit rose 20% to €12,405 million.
Disposal gain lifts attributable profit above underlying result
Attributable profit includes a €1.9 billion net capital gain from the completed sale of Santander Bank Polska in January. This was partly offset by €666 million in charges, including integration costs tied to TSB and Webster. Underlying results exclude these non-recurring items.
Underlying return on tangible equity (RoTE) reached 16.0%, up 1.1 percentage points. Statutory earnings per share rose 25%, and tangible net asset value plus cash dividend per share rose 11%.