Home / Business and Economy / Banco Santander Hits New Profit Records Amid Digital Shift
Banco Santander Hits New Profit Records Amid Digital Shift
13 Nov
Summary
- Banco Santander's revenue stable at €46.3B, net fees up 4% YoY
- Operating expenses down 1% due to digital, simpler, global model
- Attributable profit up 11% to €10.337B in first 9 months of 2025
Banco Santander, the Spain-based global banking giant, has delivered a strong performance in the first nine months of 2025. The company's revenue remained stable at €46.3 billion, while its net fee income grew by 4% year-over-year. Santander's ongoing digital transformation and efforts to simplify its operations and integrate its global model have paid off, with operating expenses dropping by 1%.
The bank's attributable profit for the first nine months of 2025 reached a record €10.337 billion, an 11% increase from the same period last year. This impressive performance was driven by record levels of fee income, further efficiency gains, solid net interest income, and continued improvement in credit quality. Santander's customer base also experienced significant growth, with more than seven million new customers added over the past 12 months, bringing the total to 178 million.
Analysts remain bullish on Santander, with RBC Capital recently upgrading the stock's price target to €8.50 from €7.50, while maintaining a Sector Perform rating. The bank's ability to adapt to the changing financial landscape and deliver consistent, record-breaking results has made it an attractive investment opportunity for many.
