Banco Santander SA

BNC: XLON (GBR)

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Santander Earnings: Doubling Down on the US

Johann Scholtz

Feb 4, 2026

Santander reported a 16% increase in profit before tax for the final quarter of 2025. However, if we strip out nonrecurring items, profit growth would have been flat. Santander also announced that it will acquire US regional bank Webster Financial for EUR 10 billion.

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Banco Santander SA

Santander Earnings: Doubling Down on the US

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