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Banco Santander (ES:SAN)
BME:SAN
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
0.17Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 16.68%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance by Santander in 2024, marked by record profits, improved efficiency, and robust growth across global businesses. Despite some challenges related to currency devaluation and regulatory impacts, the overall outlook remains positive with continued growth and value creation expected in 2025.Company Guidance
During the call, Santander's leadership highlighted several key financial metrics and achievements for 2024. The bank reported a record profit of €12.6 billion, supported by a 10% increase in top-line revenue in constant euros and an 11% growth in fee income. The customer base grew by 8 million, contributing to improvements in efficiency by over 2 percentage points and raising profitability, with RoTE reaching 16.3%. The bank maintained a strong balance sheet, ending the year with a capital ratio of 12.8%, while shareholder value was enhanced with tangible net asset value (TNAV) and dividend per share increasing by 14%. Santander also successfully managed to offset currency devaluation pressures through the U.S. dollar's appreciation, using its U.S. business as a natural hedge. Looking ahead, Santander is targeting a stable cost of risk at 1.15% and plans to distribute €10 billion in share buybacks across 2025 and 2026, reflecting its confidence in achieving the outlined financial targets.Record Profit for 2024
Profit reached a record €12.6 billion, supported by strong revenue growth and an increase of 8 million customers.
Improved Efficiency and Profitability
Efficiency improved by more than 2 percentage points and profitability (RoTE) increased to 16.3%.
Strong Capital Position
Capital ratio reached an all-time high of 12.8%, reflecting strong organic capital generation.
Strong Shareholder Value Creation
TNAV and dividend per share grew by 14% despite currency pressures.
Robust Revenue Growth
Top-line revenue increased by 10% in constant euros, with fee income up 11%.
Cost of Risk Better Than Guidance
Cost of risk ended at 1.15%, better than initial guidance.
Expanded Customer Base
Grew 8 million customers across all global businesses.
Launch of Openbank in New Markets
Openbank successfully launched in the U.S. and Mexico with deposits doubling expectations.
High Fee Growth in Wealth and Payments
Wealth revenues up 15% and Payments volume up 11%.
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ES:SAN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ES:SAN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | €4.99 | €5.40 | +8.30% |
| Oct 29, 2024 | €4.55 | €4.41 | -2.99% |
| Jul 24, 2024 | €4.48 | €4.62 | +3.03% |
| Apr 30, 2024 | €4.66 | €4.49 | -3.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Banco Santander (ES:SAN) report earnings?
Banco Santander (ES:SAN) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Banco Santander (ES:SAN) earnings time?
Banco Santander (ES:SAN) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Banco Santander stock?
The P/E ratio of Banco Santander is N/A.
What is ES:SAN EPS forecast?
ES:SAN EPS forecast for the fiscal quarter 2025 (Q1) is 0.18.
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