Banco Santander reported Q2 EPS of €0.23, exceeding consensus estimates of €0.22, driven by increased customer volumes.
Banco Santander (SAN) reported second-quarter earnings per share of €0.23, surpassing the €0.22 consensus estimate. The result marked a decline from €0.36 in Q1 but improved underlying EPS to €0.25 from €0.23 in the prior quarter.
The beat was attributed to higher customer activity and volume growth, though overall profitability softened compared to the previous quarter. Analysts had anticipated a slight miss, making the outperformance notable.
Shares rose 1.5% in U.S. premarket trading following the release, reflecting investor optimism over the results.