Bank of Sabadell It will put the finishing touches on the banking results season in Spain. The Catalan entity will present its report to the market next Thursday, November 13, in which it will testify If analysts’ expectations are met It will set a new record for accumulated profits for the first nine months with profits of $1,403 million, approximately 8.5% increase in terms of profits. 1,295 million for the same period in 2024. If confirmed, it could set a new record, although it will already begin to see a slowdown in growth.
According to Bloomberg consensus. In the third quarter, the result will reach 428 million, slightly lower than the 489 million in the previous quarter, a figure that will be 15% lower than the figure recorded between July and September 2024, when it slightly exceeded 500 million. Nuria Alvarez, banking analyst at Renta 4He points out that the income statement will be affected by lower interest rates and the decline in the value of the pound in the summer period, which may lead to a stability in the interest margin.
Like other entities, the result of a record can be supported by The largest payment in the field of commissions. During the presentation of the 2025-2027 strategic plan last July, the group updated some targets, including profitability expressed in terms of ROTE, which they now expect to be higher than 14.5% compared to 14% previously. Without taking into account the impact of its British subsidiary TSB, they expect a moderate improvement in commissions compared to last year, but it has reduced its interest margin slightly to 4.9 billion, which raises total costs By about 1%.
The UK business will continue to contribute to the group’s profits until its sale to Banco Santander is completed, a deal in which, It is expected to close in March 2026. For 3,400 million euros if the profit impact is taken into account in order for the aforementioned transfer to be achieved. Between January and June, these businesses contributed a total 171 million profit, equivalent to 18%.
Banco Sabadell has been optimistic over the past few months about its business prospects for the year as a whole, and it has been The case was highlighted by a BBVA takeover bid. This fourth quarter will be the only quarter they will work on without requiring an operation of this size. Numantine’s defense strategy has led them to turn attention to shareholder rewards, committing to distribute up to $6,450 million between dividends and share repurchases until… 2027 after an increase of 150 million over 1.3 billion It has already been announced for 2025, in a context characterized by “positive business development, results and capital generation”. With this update, Sabadell has increased the pay by up to six times.
It should be remembered that in 2024 Their profits exceeded 1800 millionIt has reached a historic level so far, which is an amount higher than the $1.6 billion expected for the year 2027. The final exercise of the strategy session Current profitability is 16%. Analysts consulted agree that market attention will once again focus on the bank’s strategy and growth prospects exclusively in Spain. The evidence is consistent with the messaging of CEO Cesar González Bueno, who commented in one of his last public appearances that Sabadell was “ready” to grow and become profitable.
Among the pending goals is the formalization of the alliance with the Italian company Nexi in order to conclude an agreement on payments for the transfer of Paycomet. This alliance was about to end when the OPA blew its plans. In the negotiations that began in 2023, it was envisaged that Sabadell will retain 20% of the platform For at least three years and continue to market payments related products, especially credit and debit cards through a system similar to He signed with French manager Ammondi.
According to the report “Financial Behavior of Individuals in Spain in 2025”, prepared by consulting firm Inmark, Banco Sabadell gained customers with a penetration rate of 10.6%, four tenths more, despite a decline in its positions As the main bank, In which it appears as the Sixth Banking Group.
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