“We have announced record results for the third consecutive year as we continue to grow revenue, profitability and returns,' Executive Chair Ana Botin said.
Banco Santander reported record profit in the fourth quarter and announced plans for 10 billion euros in share buybacks from 2025 and 2026 earnings and anticipated excess capital.
"We have announced record results for the third consecutive year as we continue to grow revenue, profitability and returns," said Santander Executive Chair Ana Botín in a statement.jumped after Spain's largest lender reported record profit in the fourth quarter and announced plans for 10 billion euros in share buybacks from 2025 and 2026 earnings and anticipated excess capital.
The bank's return on tangible equity — a measure of profitability — picked up to 16.3% in 2024 from 15.1% a year prior.Like other European lenders, the bank has benefitted from the post-Covid-19 environment of high interest rates, and now faces the loss of that support as the European Central Bank continues to ease its monetary policy.
Earnings Banco Santander-Chile Banco Santander SA Business News
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