Banco Santander上半年净利89.73亿欧元并维持2026目标

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Investing.com -- Banco Santander stock rallied 2.2% to trade at €12.149 after the Spanish banking giant published its H1 2026 results before the open, delivering what it described as the best first half in its history.
The bank reported a net attributable profit of €8.973 billion for the first six months of 2026, a 31% jump compared to the same period a year earlier, boosted in part by a one-time gain from the sale of its Polish subsidiary. Stripping out that non-recurring item and restructuring costs tied to the TSB integration, the underlying profit came in at €7.328 billion, up roughly 15% year-over-year and a new record for the group.
On a quarterly basis, the Q2 underlying net profit of €3.77 billion edged above analyst consensus, while Q2 net interest income of €11.69 billion surpassed expectations of €11.45 billion — a key metric for a rate-sensitive lender.
The TSB acquisition, completed in late April, added two months of contribution to the quarter, and commissions grew 12% year-over-year, reflecting the bank’s diversified revenue model. CEO Ana Botín reaffirmed the bank’s full-year 2026 targets, including surpassing prior-year profit and executing a €6.9 billion share buyback program, which provided additional confidence to investors.
The stock had also received recent price target upgrades from RBC Capital and Deutsche Bank ahead of the print.
The broader European market offered little tailwind, with the pan-European STOXX 600 slipping in early trade and other major regional indices also edging lower, weighed down by geopolitical pressures and mixed macro data including a UK inflation reading.
Santander’s key domestic peers and competitors in the European banking space — including BBVA and Barclays — were also navigating a cautious macro backdrop, making Santander’s earnings-driven outperformance more pronounced.
The one notable headwind within the results was a 13% year-over-year rise in credit loss provisions to approximately €3.35 billion, which tempered initial enthusiasm and contributed to intraday volatility.
Ultimately, the combination of record group profitability, a beat on the critical net interest income line, strong Latin American and domestic Spanish performance, and management’s reaffirmed full-year guidance proved sufficient to push the stock firmly higher.
The session’s gain brings Santander closer to its 52-week high of €12.594, underscoring how decisively the earnings release shifted investor sentiment despite the broader European market softness.
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