Santander net profit rises 60% to 5.455 billion euros in first quarter

7 articles · Updated · The Wall Street Journal · Apr 29

The profit surge includes a 1.9 billion-euro gain from selling its Polish subsidiary and a 12% rise in underlying profit to 3.56 billion euros.
Revenue grew 4% to 15.14 billion euros, driven by higher fees and loan interest, while costs fell 3% to 6.48 billion euros and loan-loss provisions increased 5%.
Chair Ana Botin expects continued strong performance, supported by growth in total and active customers across Santander’s international network, with targets reiterated through 2028.

Will record profits mean easier credit or tighter lending for Santander's everyday customers?

Does a €1.9B one-off gain mask slowing growth as European credit conditions tighten?

How will Santander's U.S. expansion affect its strategy in key markets like Brazil and Mexico?

Can the Webster acquisition deliver its promised $800M in synergies amid rising regulatory scrutiny?

How will the Santander-Webster merger impact banking competition in the U.S. Northeast?