Santander's Q3 net profit falls 2% compared with 2025
SAN•Santander reported third-quarter net profit of €3.43 billion, down 2% from a year earlier, while underlying net profit rose 19% to €3.85 billion.
1. Profit and charges
Santander said reported attributable net profit fell 2% year on year to €3.43 billion, from €3.5 billion, due to restructuring charges mainly related to integrating U.S. lender Webster. Analysts polled by Reuters had expected statutory profit of €3.23 billion.
2. Underlying profit rises
Excluding restructuring charges, underlying net profit rose 19% to €3.85 billion, supported by higher lending income and revenues. Analysts polled by Reuters expected underlying net profit of €3.75 billion.
