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Jun 30
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Banco Santander Q2 2025 Earnings Report
Banco Santander reported a fifth consecutive record quarter, with strong income, robust profitability, and improved efficiency.
Key Takeaways
Banco Santander delivered solid Q2 2025 results, achieving record net income of €3.43B driven by broad-based strength across global businesses and strict cost control. EPS improved, efficiency reached a multi-year best, and RoTE rose year-over-year. Management reaffirmed full-year targets amid a complex macroeconomic backdrop.
Net income reached €3.43B, a record fifth consecutive quarter
EPS rose to €0.22, up from €0.21 in Q1
Efficiency ratio improved to 41.2%, best in over 15 years
RoTE (post-AT1) increased to 16.2% in Q2 2025
Banco Santander
Banco Santander
Banco Santander Revenue by Geographic Location
Revenue by Geographic Location
Europe Revenue
CapyFin.comLatin America Revenue
CapyFin.comNorth America Revenue
CapyFin.com Forward Guidance
Santander expects to meet its full-year 2025 targets, supported by solid income growth, improved cost efficiency, and healthy credit quality.
Positive Outlook
- Strong fee and net interest income across most global businesses
- Cost efficiency programs delivering margin expansion
- Improved asset quality and lower NPL ratio
- Solid capital generation with CET1 at 13.0%
- Continued growth in active and digital customers
Challenges Ahead
- Challenging macroeconomic and geopolitical environment
- Lower interest rates in Argentina and Europe impacting NII
- Credit provision increases in Brazil due to macro pressures
- Soft performance in Consumer segment from EU auto demand
- Increased market volatility affecting financial transactions income