)
Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
Quartr Pro provides real time alerts, trend analysis and live coverage, giving analysts and investors instant insights to act faster in earnings.
Banco Santander (SAN) investor relations material
Banco Santander Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary30 Jul, 2025
Executive summary
Achieved record H1 2025 attributable profit of €6.8bn, up 13% year-over-year, with EPS up 19% and ROTE post-AT1 at 16%, supported by strong revenue growth and 8 million new customers.
Efficiency ratio improved to 41.5%, the best in over 15 years, driven by disciplined capital allocation, digital transformation, and operational leverage.
CET1 capital ratio reached 13%, at the top end of the operating range, with robust credit quality and solid balance sheet.
Announced new €1.7bn share buyback, reaffirmed commitment to at least €10bn in buybacks for 2025–2026, and total shareholder remuneration for 2024 reached €6.3bn.
Strategic transactions in Poland and the UK, including the sale of Santander Poland and acquisition of TSB, support capital redeployment and future growth.
Financial highlights
Total income for H1 2025 was €31bn, flat year-over-year but up 5% in constant euros; net interest income (NII) was €21.2bn, down 4% YoY but up 4% excluding Argentina.
Net fee income grew 3% to €6.3bn (+9% in constant euros), with strong contributions from CIB, Wealth, and Payments.
Operating expenses fell 1%, supporting an efficiency ratio of 41.5%; cost of risk improved to 1.14% (down 7bps YoY), and NPL ratio dropped to 2.91%.
Attributable profit rose 13% YoY to €6.8bn; EPS up 19% YoY to €0.43; TNAV per share at €5.50, up 16% YoY.
Customer funds grew 6% YoY, with deposits up 4% and mutual funds up 17%.
Outlook and guidance
On track to meet 2025 targets: revenue of ~€62bn, ROTE post-AT1 of ~16.5%, CET1 at 13%, cost of risk ~1.15%, and mid-high single digit net fee income growth.
Cost base expected to decline in real terms for 2025; further efficiency gains anticipated as transformation progresses.
Shareholder remuneration policy targets at least €10bn in buybacks for 2025–2026, with a 50% payout ratio split between cash dividends and buybacks.
TSB acquisition expected to generate >20% return on invested capital and increase UK ROTE to 16% by 2028.
Organic capital generation expected to accelerate in H2, with excess capital above 13% CET1 to be distributed via buybacks.
Explain the drivers behind record net fee income.
Assess impact of TSB acquisition on UK RoTE.
How does ONE Transformation impact efficiency?
What's driving the improved share buyback target?
ONE Transformation: potential cost direction?
Brazil: when will provisions peak?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Banco Santander earnings date
Q3 202529 Oct, 2025
Next Banco Santander earnings date
Q3 202529 Oct, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, 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
Related articles
)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
Frequently asked questions
Banco Santander S.A. offers a wide range of banking and financial services, including retail banking, corporate banking, asset management, and insurance products. The bank operates primarily in Europe, Latin America, and North America, serving individual customers, SMEs, and multinational corporations. Banco Santander S.A. is headquartered in Madrid, Spain, and its shares are listed on the BME.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage