Banco Santander Q1 2026 Financial Report with Poland Disposal and Webster Acquisition

Banco Santander's Q1 2026 financial report shows strong performance with profit attributable to the parent reaching €5,455 million, a 60% increase year-over-year, largely driven by a €1,895 million capital gain from the completion of the Poland disposal. Underlying profit was €3,560 million, up 12% year-over-year. The bank completed the sale of Santander Bank Polska to Erste Group for approximately €7 billion and announced the acquisition of Webster Financial Corporation in the US for $12.2 billion. Key financial metrics show solid growth: net interest income increased 3.7% to €11,019 million, net fee income rose 4.9% to €3,357 million, and efficiency ratio improved to 42.8%. The CET1 ratio strengthened to 14.4%, up 0.9 percentage points from December 2025. The bank also implemented reporting structure changes effective Q1 2026 to improve transparency and comparability.