Banco de Sabadell ( (ES:SAB) ) has shared an announcement.
Banco de Sabadell reported a record profit of 1,827 million euros for 2024, marking a 37.1% increase from the previous year, driven by robust business performance in Spain and significant contributions from TSB. The bank plans to increase shareholder remuneration to 3,300 million euros for 2024 and 2025, including tripling cash dividends and a substantial share buyback program. These financial strides reflect strong profitability, improved balance sheet quality, and a promising outlook for sustainable growth, positioning Banco de Sabadell favorably in the Spanish banking sector.
More about Banco de Sabadell
Banco de Sabadell is a prominent banking institution in Spain, primarily offering a range of financial services such as mortgages, business financing, and shareholder remuneration plans. The bank focuses on enhancing profitability and maintaining strong balance sheet quality while expanding its operations through dynamic business activities both domestically and through its subsidiary TSB.
YTD Price Performance: 21.33%
Average Trading Volume: 1,867,440
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €12.28B
Learn more about SAB stock on TipRanks’ Stock Analysis page.