Banco Sabadell achieves a record net profit of 1.390 billion euros up to September, 7,3% more

 

The quarterly results of Banco Sabadell They confirm the entity's positive performance, with growth in the balance of exTSB credit of 8,1% and an increase in customer resources from 7,8 % year-on-year. This commercial dynamism, coupled with an improvement in the bank's credit profile, has allowed for a drop in provisions of almost one percent. 30 % year-on-year (exTSB).

 

La profitability (RoTE) of the group has climbed to the 15 % (or a recurring 14,1%), exceeding the 13,2% of the previous year. Meanwhile, CET1 capital ratio has strengthened to the 13,74 %, after generating 176 basis points of capital from the beginning of the financial year before deducting dividends.

 

The CEO, Cesar Gonzalez-BuenoHe highlighted the strength of the bank's strategy: “Once the takeover bid is completed, the solid third quarter results reaffirm the entity's year-end objectives set in the Strategic Plan 2025-2027, and confirm our shareholder return forecasts of 6.450 billion euros in the three-year period. "

 

González-Bueno also announced that the dividend per share over the next three years “will be higher than 20,44 cents paid against 2024,” and that profitability will be in the 16 % at the end of the plan, with Spain as the central market.

 

For his part, the financial director, Sergio Palavecino, he emphasized the quality of the balance sheet: “The positive contribution to the results of all business segments and the favorable evolution of balance qualityWith a further reduction in the delinquency rate and a greater-than-expected improvement in the total cost of risk… we can feel very comfortable with our objective to achieve a RoTE of 16% in 2027. "

 

Evolution of Revenue and Business

 

The revenues from the banking business (Net interest margin plus net fees) remained stable in 4.659 millones de euros (-2%) despite the slight drop in the net interest margin due to moderating interest rates. net commissionsHowever, they recorded a increase of 2,1% in the Group (3,7% exTSB), driven by higher asset management and insurance rates. Total costs were reduced by 1,1 % year-on-year, placing the Group's efficiency ratio at 48,1 %.

 

With regards to Comercial activityThe bank shows growth in Spain across all segments, notably: The granting of Mortgages in Spain, which is growing 26 % year-on-year. The new consumer credit, with an increase of 19 % year-on-year. The growth of the total portfolio of loans and credits to companies in a 6,2 % year-on-year.

 

La delinquency The Group continues its decline, improving until the 2,45 %, with a Stage 3 coverage ratio of 63,8 %.

 

High Shareholder Return

 

The commitment of Banco Sabadell with its shareholders is reflected in the total return estimate for the period 2025-2027, set at 6.450 millones de eurosThe entity has already approved the distribution of a second interim dividend. 7 cents of euros gross per share, payable in December. This will be in addition to extraordinary dividend of 2.500 billion euros Following the sale of TSB, scheduled for the first months of 2026, the programs of share buybacks They will continue to be a tool for capital distribution.