Santander Group reported a record attributable profit of €10,337 million for the first nine months of 2025, marking an 11% increase compared to the same period last year. The bank also expanded its customer base by more than seven million, reaching a total of 178 million customers.
The group's third-quarter attributable profit was €3,504 million, up 8%, and marked the sixth consecutive quarter of record results. Santander's return on tangible equity (RoTE) rose to 16.1% post-AT1, while earnings per share increased by 16% to €0.66. Tangible net asset value per share reached €5.56 at the end of September 2025.
Including cash dividends paid in May and an interim dividend scheduled for November, total value creation—measured as tangible net asset value plus cash dividend per share—increased by 15% year-on-year.
Customer funds grew by 7% in constant euros during the first nine months of the year. Deposits increased by 5%, and mutual funds rose by 16%, which reflected both higher customer activity and favorable market conditions. The bank's loan portfolio grew by 2% in constant euros to €1 trillion, with growth coming from Consumer, Corporate & Investment Banking (CIB), Wealth Management, and Payments segments. Retail lending remained stable as Santander continued to prioritize profitability and capital optimization.
Santander achieved a CET1 capital ratio of 13.1%, its highest level yet, supported by strong organic capital generation.
The bank reaffirmed its targets for 2025 and announced plans to distribute at least €10 billion through share buybacks using earnings and excess capital from both 2025 and 2026.
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