Banco Santander Q1 2026 Interim Financial Results and Strategic Transactions
Banco Santander reported strong Q1 2026 financial results with net profit of β¬5.455 billion, a 60% increase from β¬3.402 billion in Q1 2025. The results include a significant β¬1.895 billion gain from the sale of 49% of Santander Bank Polska to Erste Group Bank AG, completed in January 2026. Total assets stood at β¬1.856 billion as of March 31, 2026, slightly down from β¬1.867 billion at year-end 2025. The bank announced two major strategic transactions: the acquisition of Webster Financial Corporation for approximately $12.2 billion (β¬10.3 billion) and the pending acquisition of TSB Banking Group plc for approximately Β£2.65 billion (β¬3.1 billion). Shareholder remuneration includes a β¬5.03 billion share buyback program and a complementary dividend of β¬0.125 per share. The bank's capital position remains strong with total equity of β¬112.5 billion.