Banco Santander US (SAN)
NYSE:SAN
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Earnings Data
Report Date
Apr 29, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.28Last Year’s EPS
0.24Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong set of FY'25 results with multiple encouraging metrics (record profit, customer growth, higher RoTE, improved efficiency, fee momentum, strong wealth/CIB/payments performance) and a clear strategic rationale for the Webster bolt-on to accelerate U.S. returns. Key near-term negatives are the expected CET1 compression (~140 bps), sizable integration and restructuring costs (EUR ~800m), shareholder dilution from the share consideration, and some operational timing risk (delayed Openbank rollout). Management emphasized disciplined capital hierarchy, conservative synergy recognition and pathways to restore CET1 above 13% by 2027, and set ambitious group RoTE targets (>20% by 2028). Overall, the positives — strong underlying results, credible transformation gains, and an acquisition with quantified synergies and accretion — outweigh the near-term capital and execution headwinds.Company Guidance
Record Annual Profit and Earnings Growth
Reported best-ever annual profit of EUR 14.1 billion for FY'25 (up 12% YoY; +15% YoY ex-Argentina). Quarterly profit also hit a record. Earnings per share rose 17%.
Customer and Deposit Expansion
Customer base grew by 8 million to 100 million. Openbank scaled in key markets with ~EUR 5 billion in deposits and over 200,000 customers, supporting deposit gathering strategy and lower funding cost.
Improved Profitability and Efficiency
Post-AT1 RoTE reached 16.3% (up nearly 1 percentage point YoY); group efficiency improvements driven by One Transformation delivered ~265 bps of efficiencies (global businesses +108 bps, global tech +87 bps). Retail cost-to-income ended ~39% with retail cost-to-serve down ~4%.
Stronger Capital Position and Organic Capital Generation
Fully loaded CET1 ratio was an all-time high of 13.5% (up 70 bps in '25). Organic capital generation expected ~70 bps in '26 (net of distributions and regulatory headwinds). TNAV plus dividend per share grew 14%.
Top-line and Fee Income Momentum
Revenue up 4% in constant euros; fee income up 9% in constant euros. Record net operating income of ~EUR 37 billion. Net interest income resilient: consumer NII +5% YoY; group NII ex-Argentina +3% YoY.
Strong Performance in Wealth, CIB and Payments
Wealth profit +27% in '25 (double-digit fee growth). CIB and Payments delivered high-single-digit fee growth; payments volume +9% and PagoNxt EBITDA margin >34%.
Strategic Webster Acquisition to Scale U.S. Franchise
Announced bolt-on acquisition of Webster for EUR 12.2 billion (65% cash / 35% shares): expected ~EUR 800 million pretax cost synergies (~19% of combined cost base), estimated ROIC ~15% (cash-on-cash), Santander U.S. RoTE target raised to 18% by 2028 and projected 7-8% EPS accretion in 2028. Transaction increases U.S. Northeast deposit share to ~8% and combined loan-to-deposit ~100%.
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
SAN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $13.06 | $12.23 | -6.36% |
Oct 29, 2025 | $9.97 | $10.25 | +2.88% |
Jul 30, 2025 | $8.84 | $8.67 | -1.90% |
Apr 30, 2025 | $7.24 | $6.93 | -4.24% |
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.
FAQ
When does Banco Santander US (SAN) report earnings?
Banco Santander US (SAN) is schdueled to report earning on Apr 29, 2026, TBA (Confirmed).
What is Banco Santander US (SAN) earnings time?
Banco Santander US (SAN) earnings time is at Apr 29, 2026, TBA (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 SAN EPS forecast?
SAN EPS forecast for the fiscal quarter 2026 (Q1) is 0.28.