The bank’s first-half underlying profit rose 14% year-over-year, driven by higher revenue and a 12 million increase in customers.
Banco Santander reported a record EUR 3.8 billion quarterly profit for Q2, marking its strongest first half ever. Underlying profit for the first six months of 2026 climbed 14% year-over-year in constant euros, supported by revenue growth and lower costs.
Total revenue increased 6% year-over-year, aligning with the bank’s 2026 target. Net interest income rose 6%, while net fee income grew 7%, reflecting higher fees across businesses. The customer base expanded to 182 million, up 12 million from a year earlier, including 4 million from the TSB acquisition.
Santander’s efficiency improved by three percentage points, with underlying return on tangible equity reaching 15.6%. Adjusted for excess capital, the figure neared 17%.