Banco Santander Reports Q3 2025 Results

TL;DR

Santander dropped its Q3 2025 results on 10/29 - check the 6-K for details.

AI Summary

Banco Santander, S.A. filed a Form 6-K on October 29, 2025, reporting its results for the period of January through September 2025. The filing includes a press release detailing these financial results.

Why It Matters

This filing provides investors with an update on Banco Santander's financial performance for the first nine months of 2025, offering insights into the bank's profitability and operational health.

Risk Assessment

Risk Level: low — This is a routine financial reporting filing by a large, established company.

Key Players & Entities

• Banco Santander, S.A. (company) — Filer of the report
• 001-12518 (dollar_amount) — SEC File Number
• 20251029 (date) — Filing date
• 20250930 (date) — Reporting period end date

FAQ

Filing Documents

• q32025pr.htm (6-K) — 30KB
• q32025pr001.jpg (GRAPHIC) — 78KB
• q32025pr002.jpg (GRAPHIC) — 32KB
• q32025pr003.jpg (GRAPHIC) — 171KB
• q32025pr004.jpg (GRAPHIC) — 171KB
• q32025pr005.jpg (GRAPHIC) — 205KB
• q32025pr006.jpg (GRAPHIC) — 161KB
• q32025pr007.jpg (GRAPHIC) — 175KB
• q32025pr008.jpg (GRAPHIC) — 125KB
• q32025pr009.jpg (GRAPHIC) — 150KB
• q32025pr010.jpg (GRAPHIC) — 215KB
• q32025pr011.jpg (GRAPHIC) — 125KB
• q32025pr012.jpg (GRAPHIC) — 46KB
• 0000891478-25-000130.txt ( ) — 2310KB

From the Filing

q32025pr FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of October, 2025 Commission File Number: 001-12518 Banco Santander, S.A. (Exact name of registrant as specified in its charter) Ciudad Grupo Santander 28660 Boadilla del Monte (Madrid) Spain (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F BANCO SANTANDER, S.A. ________________________ TABLE OF CONTENTS Item 1. Press Release regarding January - September 2025 Results Corporate Communications Ciudad Grupo Santander, edificio Arrecife, planta 2 28660 Boadilla del Monte (Madrid) comunicacion@gruposantander.com www.santander.com 1 Santander posts record nine-month results, growing seven million customers to 178 million, with earnings per share up 16% Profit rose 11% to 10,337 million in the first nine months of the year Return on tangible equity (RoTE) increased to 16.1% post-AT1 CET1 capital ratio reached a new record at 13.1% thanks to strong organic generation Madrid, 29 October 2025 - PRESS RELEASE Revenue was stable (46.3 billion), with the bank achieving record net fee income (+4% year-on-year)1.1 Operating expenses fell by 1%, reflecting the bank's transformation towards a simpler, more digital and globally integrated model. As a result, the efficiency ratio improved to 41.3%. Loan-loss provisions fell 1% with improved cost of risk at 1.13% (-5 basis points), on the back of proactive risk management, low unemployment rates and easing monetary policies in most countries. Non-performing loan ratio of 2.92%, improving 14 basis points year-on-year, at historically low levels. In the third quarter, attributable profit reached a new record of 3,504 million, up 8% year-on-year, a sixth consecutive record quarter. In November, the bank will pay an interim cash dividend of 11.5 euro cents per share against 2025 earnings, an increase of 15% compared to the same dividend last year, as previously announced. The bank reaffirms 2025 targets and expects to distribute at least 10 billion in share buybacks from 2025 and 2026 earnings and excess capital2. Ana Botín, Banco Santander executive chair, said: "Once again, we are delivering strong results. In the last twelve months, we added more than seven million customers and improved profitability to over 16% RoTE post-AT1, with earnings per share up 16%. This reflects the strength of our business model, a disciplined focus on profitable growth, solid balance sheet, and the benefits of our global and in- market scale, and diversification across businesses and geographies. Our ONE Transformation is driving efficiency gains as we deploy shared global platforms that improve customer experience and reduce costs-to-serve. Credit quality remains robust with cost of risk at 1.13% and NPL ratio below 3%. With CET1 at 13.1%, we continue to deliver sustainable, double-digit value creation for shareholders, with TNAV plus cash dividend per share up 15%. Looking ahead, we are on track to meet all our 2025 targets and, amid continued geopolitical and market uncertainty, we are confident we will continue delivering further profitable growth by harnessing our network effects and global scale, and through disciplined capital allocation." 1 Notes at the end of the press release. Corporate Communications Ciudad Grupo Santander, edificio Arrecife, planta 2 28660 Boadilla del Monte (Madrid) comunicacion@gruposantander.com www.santander.com 2 Underlying income statement* EUR million 9M'25 9M'25 v 9M'24 9M'25 v 9M'24 (ex FX) Q3'25 Q3'25 v Q3'24 Q3'25 v Q3'24 (ex FX) Total income 46,277 0% +4% 15,267 +1% +4% Operating expenses -19,133 -1% +3% -6,268 -1% +2% Net operating income 27,144 +1% +5% 8,999 +2% +5% Net loan-loss provisions -9,109 -1% +5% -2,931 -2% +2% Profit before tax 15,500 +7% +12% 5,197 +6% +9% Attributable profit 10,337 +11% +16% 3,504 +8% +11% (*) All references to variations in constant euros include Argentina in current euros. Summary of statutory figures at the end of this press release. Underlying business performance All variations are year-on-year unless otherwise stated. Santander reported an attributable profit of 10,337 million in the first nine months of 2025, up 11% from the same period last year – a record performance for the period. Its total customer base reached 178 million after adding more than seven million new customers over the past 12 months. Strong results were driven by good performance in net interest income, record levels of fee income and further efficiency gains, with continued improvement in credit quality. Third-quarter attributable profit reached 3,504 million (+8%), marking the sixth consecutive quarter of record results. The group continued to increase profitability and create value for shareholders, achieving a return on t

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View this 6-K filing on SEC EDGAR