Key facts
- Santander's CET1 ratio was 12.7% at end-September 2026, down from 14.0% in the prior quarter, per SKN CBBA.
- SKN CBBA attributed 147 basis points of the CET1 decline to the Webster acquisition.
- Third-quarter 2026 underlying net profit was EUR 3.85 billion, up 19% year over year, per SKN CBBA.
- Statutory attributable profit fell 2% to EUR 3.43 billion on Webster and TSB integration charges, per SKN CBBA.
- Net loan-loss provisions rose 22% to EUR 3.49 billion, SKN CBBA reported.
Banco Santander's Common Equity Tier 1 capital ratio, a measure of a bank's core capital against its risk-weighted assets, fell to 12.7% at the end of September 2026 from 14.0% in the prior quarter, according to SKN CBBA. The item attributed 147 basis points of the decline to the bank's acquisition of US lender Webster.
The same item reported third-quarter 2026 underlying net profit of EUR 3.85 billion, up 19% year over year, on revenue growth of 8% to EUR 46.81 billion. Statutory attributable profit fell 2% to EUR 3.43 billion as the bank absorbed integration charges from Webster and UK subsidiary TSB, it said.
Net loan-loss provisions rose 22% to EUR 3.49 billion, SKN CBBA reported, citing strain in South American subsidiaries and higher provisioning in auto finance and consumer credit. The efficiency ratio improved to 42.6%, which the item described as the strongest level in 17 years.
A separate TradingView item, an AI-generated summary, said Bloomberg Intelligence expected organic capital generation to lift the ratio to about 13% in 2026 to 2028. It also said Santander targets a return on tangible equity above 20% by 2028.