)
Edge1 May 2026
Making the Marlboro Man
The story of Marlboro's transformation from a women's cigarette to a global icon: one of the most effective brand repositionings in history.
Banco de Sabadell
Banco de Sabadell (SAB) investor relations material
Banco de Sabadell Q1 2026 (Media) earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 (Media) earnings summary5 May, 2026
Executive summary
Net profit for Q1 2026 was €284M, down 28.1% year-over-year, impacted by non-recurring costs and the sterling hedge on the TSB sale price.
Including TSB's net contribution, net profit was €347M, a 29.1% year-over-year decline.
ROTE reached 13.3%, with recurrent ROTE at 14.1%.
Extraordinary dividend of €0.50 per share to be distributed following the TSB sale, with a significant positive impact on CET1 capital.
Financial highlights
Net interest income was €872M, down 3.5% year-over-year and 2.5% quarter-on-quarter, mainly due to lower loan yields and reduced contribution from credit institutions.
Net fees and commissions totaled €315M, down 2.2% year-over-year and 5.1% quarter-on-quarter.
Total costs were €624M, up 3.4% year-over-year, including €55M in non-recurring efficiency costs.
Performing loans grew 5.6% year-over-year and 1.6% quarter-on-quarter, with strong growth in Spain, Miami, and Mexico.
Customer funds increased 5.9% year-over-year, remaining stable quarter-on-quarter.
NPL ratio improved to 2.5%, with stage 3 coverage ratio at 70.7%.
Outlook and guidance
Capital gain of over €300M expected from the TSB sale, with CET1 capital generation exceeding 400 bps.
369 bps of CET1 improvement recognized in 2026, with an additional 36 bps expected between 2027 and 2028.
Extraordinary dividend distribution to impact CET1 by 378 bps.
Capital recognition timing for the TSB sale
LGF notching impact on Moody's deposit ratings
Impact of the sterling hedge on 1Q26 net profit
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Banco de Sabadell
- TSB sale boosts capital, enables extraordinary dividend, and confirms 2026 profitability targets.SAB
Q1 20265 May 2026 - Net profit €1.78bn, ROTE 14.3%, NPL ratio 2.37%, TSB sale approved, strong capital returns.SABQ4 202513 Apr 2026
- TSB sale, capital efficiency, and AI-driven transformation position the bank for growth and resilience.SABMorgan Stanley European Financials Conference 202618 Mar 2026
- Net profit up 7.3% to €1.39bn, ROTE at 15%, and €6.45bn payout planned for 2025–2027.SABQ3 20256 Feb 2026
- Net profit of €1.78bn, improved asset quality, and strong capital ratios in 2025.SABQ4 2025 (Media)6 Feb 2026
- BBVA's offer was rejected due to undervaluation and risk, with focus on organic growth and digital efficiency.SABBank of America 30th Annual Financials CEO Conference 20253 Feb 2026
- Net profit up 40.3% to €791M, RoTE 13.1%, CET1 13.48%, payout ratio 60%, BBVA offer rejected.SABQ2 20243 Feb 2026
- Strong Q1 results and strategic focus underpin confidence in capital distribution and profitability.SABGoldman Sachs 28th Annual European Financials conference31 Jan 2026
- Net profit up 25.9% to EUR 1.3bn, with strong capital and improved asset quality.SABQ3 202417 Jan 2026
Next Banco de Sabadell earnings date
AGM 20266 May, 2026
Banco de Sabadell
Next Banco de Sabadell earnings date
AGM 20266 May, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Explore our global coverage