Banco Santander (NYSE:SAN) Releases Earnings Results, Misses Expectations By $0.01 EPS

Banco Santander (NYSE:SAN) announced its quarterly earnings data on Wednesday. The bank reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01), FiscalAI reports. Banco Santander had a net margin of 26.92% and a return on equity of 12.23%. The firm had revenue of $17.93 billion during the quarter, compared to analyst estimates of $17.90 billion.

Here are the key takeaways from Banco Santander’s conference call:

• Santander reported a record Q2 profit of EUR 3.8 billion and its best-ever first half, with H1 underlying profit up 14% year over year and revenue up 6% in constant euros.
• Efficiency improved materially as the One Transformation program gained traction, with the efficiency ratio down to 42.8% and underlying RoTE rising to 15.6% (close to 17% on a normalized capital basis).
• The group said the TSB acquisition is progressing as planned and should add scale, deposits, and synergies, with management reaffirming about EUR 400 million of annual savings by 2028.
• Credit quality was broadly stable outside of Argentina, but the first half was hurt by Argentina deterioration and motor finance provisions in Openbank Europe, which together weighed on provisions and earnings.
• Capital generation remained strong, with the CET1 ratio at 14% and another EUR 1.8 billion buyback approved by the ECB, supporting management’s confidence in reaching its 2026 capital and payout objectives.

Banco Santander Stock Up 2.5%

Shares of Banco Santander stock opened at $13.65 on Wednesday. Banco Santander has a 12-month low of $8.29 and a 12-month high of $14.39. The firm has a market capitalization of $200.58 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.74 and a beta of 0.72. The stock’s fifty day moving average is $13.00 and its 200-day moving average is $12.34.

Banco Santander News Roundup

Here are the key news stories impacting Banco Santander this week:

• Positive Sentiment: Banco Santander reported higher Q2 profit and reaffirmed its 2026 targets, signaling that core performance remains on track and management is confident in the outlook. Santander posts higher Q2 profit, reaffirms 2026 targets
• Positive Sentiment: The bank said customer gains and stronger lending helped boost profit, which suggests improving operating momentum in the core business. Santander Sees Targets on Track After Customer Gains, Lending Boost Profit
• Positive Sentiment: First-half profit and revenue both increased, with shares in Madrid reacting positively to the stronger results. Banco Santander: Record first-half profits, revenues also up. And the stock celebrates in Madrid.
• Neutral Sentiment: Santander also said it will stop shutting more UK branches before 2028, a customer-friendly move that may help sentiment but is unlikely to materially change earnings near term. Major UK bank promises not to shut more branches before 2028
• Neutral Sentiment: Quarterly EPS came in at $0.28, just below the $0.29 consensus, which slightly tempers the otherwise solid earnings story. Banco Santander earnings release
• Negative Sentiment: Net profit fell 36% sequentially because of restructuring charges tied to recent TSB and Poland deals, highlighting one-time costs that weighed on results. Santander Posts Lower Net Profit on Effects of TSB, Poland Deals
• Negative Sentiment: Even though Q2 net profit rose 3% year over year, part of the benefit came from TSB contributions and the result was partly offset by restructuring expenses in Britain. Santander’s Q2 net profit up 3% compared to same period in 2025

Wall Street Analysts Forecast Growth

SAN has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Banco Santander from a “buy” rating to a “hold” rating in a report on Saturday. Santander reiterated a “buy” rating on shares of Banco Santander in a report on Tuesday, June 23rd. Finally, Weiss Ratings raised shares of Banco Santander from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Institutional Trading of Banco Santander

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in shares of Banco Santander by 77.4% in the first quarter. AQR Capital Management LLC now owns 419,635 shares of the bank’s stock worth $2,812,000 after buying an additional 183,051 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Banco Santander by 3.7% during the first quarter. Integrated Wealth Concepts LLC now owns 71,990 shares of the bank’s stock valued at $482,000 after acquiring an additional 2,566 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Banco Santander by 271.2% during the first quarter. Jones Financial Companies Lllp now owns 10,276 shares of the bank’s stock valued at $69,000 after acquiring an additional 7,508 shares during the period. Focus Partners Wealth lifted its position in shares of Banco Santander by 65.3% in the 1st quarter. Focus Partners Wealth now owns 71,169 shares of the bank’s stock valued at $477,000 after acquiring an additional 28,107 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Banco Santander in the 1st quarter worth approximately $601,000. Institutional investors and hedge funds own 9.19% of the company’s stock.

About Banco Santander

Banco Santander, SA (NYSE: SAN) is a Spanish multinational banking group headquartered in Santander, Spain. Founded in 1857, the bank has grown from a regional institution into one of Europe’s largest banking groups, operating a diversified financial services platform that serves retail, small and medium-sized enterprises, and large corporate clients. Santander is publicly listed in Spain and maintains American Depositary Receipts on the New York Stock Exchange under the ticker SAN.

The group’s core activities include retail and commercial banking—offering deposit accounts, payment services, mortgages, personal and auto loans, and small business financing—alongside corporate and investment banking services for larger institutional clients.