Banco Santander announces third-quarter earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2025
0mins
Should l Buy SAN?
Source: SeekingAlpha
Q3 Financial Performance: Banco Santander reported a Q3 GAAP EPS of €0.23, with net interest income of €10.35 billion, reflecting a 2% year-over-year increase. Profit attributable to the parent reached €3,504 million, marking a sixth consecutive quarterly record.
CET1 Ratio and Profit Growth: The CET1 ratio stood at 13.1% at the end of September 2025, slightly above the target range. Year-to-date, attributable profit increased by 11% to €10,337 million, driven by strong performances across revenue lines and controlled costs.
Impact of Argentina: Despite challenges in Argentina, profit growth remained resilient, with a 4% increase when excluding its impact. The bank's solid net fee income and lower provisions contributed to overall profitability.
Future Outlook: Banco Santander's strong profit growth across global businesses positions it well to meet its 2025 targets, supported by a solid increase in revenue and flat costs in real terms.
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Analyst Views on SAN
Wall Street analysts forecast SAN stock price to fall
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 11.500
Low
4.90
Averages
7.40
High
9.91
Current: 11.500
Low
4.90
Averages
7.40
High
9.91
About SAN
Banco Santander, S.A. is a Spain-based company engaged as a retail and commercial bank. The Banks segments include Continental Europe, the United Kingdom, Latin America and the United States. The Continental Europe segment covers all businesses in the Continental Europe. The United Kingdom segment includes the businesses developed by various units and branches in the country. The Latin America segment embraces all its financial activities conducted through its banks and subsidiaries in the region. The United States segment includes the Intermediate Holding Company (IHC) and its subsidiaries Santander Bank, Banco Santander Puerto Rico, Santander Consumer USA, Banco Santander International, Santander Investment Securities, and the Santander branch in New York. The Company's commercial model satisfies the needs of all types of customers: individuals with various income levels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Banco Santander Faces Investigation Over Securities Law Violations
- Investigation Launched: The Law Offices of Howard G. Smith announced an investigation into Banco Santander regarding potential violations of federal securities laws, aiming to support affected investors, which could impact the company's reputation and stock price.
- Stock Price Decline: On February 27, 2026, following the sudden collapse of Market Financial Solutions Ltd. amid fraud allegations, Santander's stock fell by 4.48%, closing at $11.96 per share, resulting in direct losses for investors.
- Further Losses: On March 3, 2026, reports indicated a potential collateral shortfall of up to £930 million related to loans to MFS entities, causing Santander's stock to drop by 7.78% to $11.03 per share, exacerbating investor losses.
- Regulatory Concerns: On March 6, 2026, the Bank of England's Prudential Regulation Authority expressed worries over insufficient risk assessments and due diligence by Santander regarding MFS and its affiliates, leading to a further 1.25% decline in stock price to $11.06 per share, reflecting market skepticism about its risk management capabilities.
See More
Rosen Law Firm Investigates Santander Securities Fraud Claims
- Investigation Launched: Rosen Law Firm has initiated an investigation into Banco Santander (NYSE: SAN) due to allegations of potentially misleading business information issued to investors, which may lead to significant securities claims from shareholders.
- Compensation Opportunity: Investors who purchased Santander securities may be entitled to compensation through a contingency fee arrangement without any upfront costs, emphasizing the firm's commitment to protecting investor rights.
- Stock Price Volatility: On February 27, 2026, Santander's American Depositary Shares (ADSs) fell by 4.48% due to market concerns over potential losses, followed by an additional 3.2% drop the next day, indicating a decline in market confidence regarding the bank's financial stability.
- Law Firm's Expertise: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, showcasing its expertise and resource advantages in handling such cases.
See More
Banco Santander Faces Securities Claims Investigation
- Securities Claims Investigation: Rosen Law Firm has announced an investigation into potential securities claims against Banco Santander due to allegations of materially misleading business information, which may have led to investor losses.
- Stock Price Impact: On February 27, 2026, Santander's American Depositary Shares (ADSs) fell by 4.48% following the collapse of Market Financial Solutions Ltd, with an additional decline of 3.2% the next day, reflecting market concerns over potential losses for the bank.
- Class Action Preparation: The Rosen Law Firm is preparing a class action to seek compensation for investors who purchased Santander securities, with no out-of-pocket fees or costs required from the investors.
- Law Firm Background: The Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, demonstrating its significant experience and success in this field, including the largest securities class action settlement against a Chinese company in 2017.
See More
Rosen Law Firm Investigates Banco Santander Securities Claims
- Securities Claims Investigation: Rosen Law Firm announces an investigation into Banco Santander (NYSE:SAN) due to potential misleading business information issued to investors, indicating that purchasers of Santander securities may be entitled to compensation without any out-of-pocket costs.
- Stock Price Impact: On February 27, 2026, Santander's American Depositary Shares (ADSs) fell by 4.48% following the collapse of Market Financial Solutions Ltd, with an additional decline of 3.2% on February 28, reflecting market concerns over potential losses among banks.
- Class Action Preparation: The firm is preparing a class action to recover investor losses, emphasizing the importance of selecting qualified legal counsel with a proven track record to effectively protect investor rights.
- Firm Reputation: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked first by ISS Securities Class Action Services in 2017, showcasing its leadership and success in the industry.
See More
Trump Threatens to Cut Trade with Spain Over Military Base Dispute
- Trade Threat Impact: President Trump threatened to 'cut off all trade' with Spain, causing a significant drop in the Spanish stock market, with the iShares MSCI Spain ETF (EWP) falling 5.6%, indicating investor concerns over disrupted U.S.-Spain trade flows.
- Stock Rating Overview: According to Seeking Alpha's Quant Ratings, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and Iberdrola, S.A. (IBDRY) received high scores of 4.84 and 4.83 respectively, showcasing their strong market performance and investment appeal.
- Strong Buy Rated Companies: In addition to BBVA and IBDRY, Industria de Diseño Textil, S.A. (IDEXY) also achieved a strong buy rating of 4.76, while Aena SME S.A. (ANYYY) excelled with a rating of 4.53, indicating high investment value for these firms in the current market environment.
- Rating Standards Explained: Seeking Alpha's Quant Ratings assess stocks based on critical metrics such as valuation, growth, stock momentum, and profitability, with ratings ranging from 1 to 5, where scores above 3.5 are considered bullish and below 2.5 bearish, reflecting market confidence and expectations for these companies.
See More
Webster Financial Downgraded Amid Trade Concerns
- Rating Downgrade Impact: Webster Financial (WBS) was downgraded to underweight from equal weight by Wells Fargo due to President Trump's trade halt with Spain, which may affect the acquisition deal with Banco Santander.
- Acquisition Deal Risks: Banco Santander agreed to purchase Webster for $12.3 billion in cash and stock, but Trump's comments could complicate U.S. regulatory approval, potentially delaying the deal's timeline.
- Market Reaction: The deal spread widened from $1.95 to $2.45, indicating a decline in market confidence regarding the deal's success, with other buyers likely stepping in at a 10% lower price if the deal is denied.
- Regulatory Review Expectations: Analysts noted that Trump's objections could lead to additional scrutiny of the deal, highlighting that while U.S. regulatory approvals are separate from the President, his influence could still be significant.
See More
Banco Santander Faces Investigation Over Securities Law Violations
- Investigation Launched: The Law Offices of Howard G. Smith announced an investigation into Banco Santander regarding potential violations of federal securities laws, aiming to support affected investors, which could impact the company's reputation and stock price.
- Stock Price Decline: On February 27, 2026, following the sudden collapse of Market Financial Solutions Ltd. amid fraud allegations, Santander's stock fell by 4.48%, closing at $11.96 per share, resulting in direct losses for investors.
- Further Losses: On March 3, 2026, reports indicated a potential collateral shortfall of up to £930 million related to loans to MFS entities, causing Santander's stock to drop by 7.78% to $11.03 per share, exacerbating investor losses.
- Regulatory Concerns: On March 6, 2026, the Bank of England's Prudential Regulation Authority expressed worries over insufficient risk assessments and due diligence by Santander regarding MFS and its affiliates, leading to a further 1.25% decline in stock price to $11.06 per share, reflecting market skepticism about its risk management capabilities.
See More
Rosen Law Firm Investigates Santander Securities Fraud Claims
- Investigation Launched: Rosen Law Firm has initiated an investigation into Banco Santander (NYSE: SAN) due to allegations of potentially misleading business information issued to investors, which may lead to significant securities claims from shareholders.
- Compensation Opportunity: Investors who purchased Santander securities may be entitled to compensation through a contingency fee arrangement without any upfront costs, emphasizing the firm's commitment to protecting investor rights.
- Stock Price Volatility: On February 27, 2026, Santander's American Depositary Shares (ADSs) fell by 4.48% due to market concerns over potential losses, followed by an additional 3.2% drop the next day, indicating a decline in market confidence regarding the bank's financial stability.
- Law Firm's Expertise: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, showcasing its expertise and resource advantages in handling such cases.
See More
Banco Santander Faces Securities Claims Investigation
- Securities Claims Investigation: Rosen Law Firm has announced an investigation into potential securities claims against Banco Santander due to allegations of materially misleading business information, which may have led to investor losses.
- Stock Price Impact: On February 27, 2026, Santander's American Depositary Shares (ADSs) fell by 4.48% following the collapse of Market Financial Solutions Ltd, with an additional decline of 3.2% the next day, reflecting market concerns over potential losses for the bank.
- Class Action Preparation: The Rosen Law Firm is preparing a class action to seek compensation for investors who purchased Santander securities, with no out-of-pocket fees or costs required from the investors.
- Law Firm Background: The Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, demonstrating its significant experience and success in this field, including the largest securities class action settlement against a Chinese company in 2017.
See More
Rosen Law Firm Investigates Banco Santander Securities Claims
- Securities Claims Investigation: Rosen Law Firm announces an investigation into Banco Santander (NYSE:SAN) due to potential misleading business information issued to investors, indicating that purchasers of Santander securities may be entitled to compensation without any out-of-pocket costs.
- Stock Price Impact: On February 27, 2026, Santander's American Depositary Shares (ADSs) fell by 4.48% following the collapse of Market Financial Solutions Ltd, with an additional decline of 3.2% on February 28, reflecting market concerns over potential losses among banks.
- Class Action Preparation: The firm is preparing a class action to recover investor losses, emphasizing the importance of selecting qualified legal counsel with a proven track record to effectively protect investor rights.
- Firm Reputation: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked first by ISS Securities Class Action Services in 2017, showcasing its leadership and success in the industry.
See More
Trump Threatens to Cut Trade with Spain Over Military Base Dispute
- Trade Threat Impact: President Trump threatened to 'cut off all trade' with Spain, causing a significant drop in the Spanish stock market, with the iShares MSCI Spain ETF (EWP) falling 5.6%, indicating investor concerns over disrupted U.S.-Spain trade flows.
- Stock Rating Overview: According to Seeking Alpha's Quant Ratings, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and Iberdrola, S.A. (IBDRY) received high scores of 4.84 and 4.83 respectively, showcasing their strong market performance and investment appeal.
- Strong Buy Rated Companies: In addition to BBVA and IBDRY, Industria de Diseño Textil, S.A. (IDEXY) also achieved a strong buy rating of 4.76, while Aena SME S.A. (ANYYY) excelled with a rating of 4.53, indicating high investment value for these firms in the current market environment.
- Rating Standards Explained: Seeking Alpha's Quant Ratings assess stocks based on critical metrics such as valuation, growth, stock momentum, and profitability, with ratings ranging from 1 to 5, where scores above 3.5 are considered bullish and below 2.5 bearish, reflecting market confidence and expectations for these companies.
See More
Webster Financial Downgraded Amid Trade Concerns
- Rating Downgrade Impact: Webster Financial (WBS) was downgraded to underweight from equal weight by Wells Fargo due to President Trump's trade halt with Spain, which may affect the acquisition deal with Banco Santander.
- Acquisition Deal Risks: Banco Santander agreed to purchase Webster for $12.3 billion in cash and stock, but Trump's comments could complicate U.S. regulatory approval, potentially delaying the deal's timeline.
- Market Reaction: The deal spread widened from $1.95 to $2.45, indicating a decline in market confidence regarding the deal's success, with other buyers likely stepping in at a 10% lower price if the deal is denied.
- Regulatory Review Expectations: Analysts noted that Trump's objections could lead to additional scrutiny of the deal, highlighting that while U.S. regulatory approvals are separate from the President, his influence could still be significant.
See More
