Banco Sabadell has the Comisión Nacional del Mercado de Valores reported its results for the first nine months of the year on 29 October 2026. Net profit was €1.376 billion, 1 per cent below the previous year. The main reason was the lower contribution from the UK subsidiary sold to Santander in May, TSB. Excluding TSB and exceptional items, the bank earned €405 million in the third quarter, 13 per cent more than in the second quarter. Recurring profitability, measured by RoTE, rose to 14.2 per cent at the end of September.
The board approved an interim dividend of €0.07 per share, payable on 29 December 2026. This amounts to around €325 million in total. The bank also pointed to an ongoing share buyback programme, which still had an amount outstanding at the time of the announcement.
Operationally, Banco Sabadell is benefiting from higher net interest and fee income, with ongoing costs stable. Lending grew year on year; the loan book amounted to around €124.9 billion across the group. In Spain, its largest market, it rose to around €106.4 billion. Consumer lending was particularly dynamic, up 12.7 per cent.
The disposal of TSB dampened the UK unit’s contribution to the group in the current year, but also brought clarity to the profile of its core business in Spain. For the rest of the year, management emphasises its intention to increase revenue and keep costs under control. Beyond these guidelines, forecasts for future profitability remain cautious and depend on interest rate trends and demand from corporate and retail customers.
Another current point mentioned is the stake held by French group BPCE BPCE holds around 7 per cent of Banco Sabadell, a position that became public in October 2026 and is described in company statements as a potential basis for cooperation. Earlier reports valued this stake at around €1.2 billion. The bank presents this development as strategically relevant, without quantifying any short-term financial effects.
The CNMVpublication, the results presentation and accompanying statements substantiate the figures, dates and measures. Statements on market conditions and strategy are attributed to the company and should be understood as an outlook. Spain remains the focus of business development, while non-strategic holdings have been reduced.
Editor: Daniel Mayer (Article created with AI assistance).