Banco Santander

Banco Santander purchased GE Money Bank, GE Money Bank, GE Capital's consumer finance business in Sweden, Norway and Denmark, for 700 million euros ($950 million) in 2014.

GE Money Bank

Banco Santander SA is a banking services company, which engages in the provision of banking services to individuals, companies, and institutions. It operates through the following segments: Europe, North America, South America, and Digital Consumer Bank. The Europe segment comprises business activities carried out in the region. The North America segment includes business activities in Mexico and the United States. The South America segment involves financial activities of the Group through its banks and subsidiary banks in the region. The Digital Consumer Bank segment includes Santander Consumer Finance, which incorporates the entire consumer finance business in Europe, Openbank, and ODS. The company was founded on March 21, 1857 and is headquartered in Madrid, Spain.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Banco Santander SA is a banking services company, which engages in the provision of banking services to individuals, companies, and institutions. It operates through the following segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, Payments, and Corporate Centre. The Retail & Commercial Banking segment integrates the retail banking business (individuals) and commercial banking (SMEs and corporates), except for the consumer finance and the cards businesses. The Digital Consumer Bank segment includes Santander Consumer Finance, which incorporates the entire consumer finance business in Europe, Openbank, and ODS. The Corporate & Investment Banking segment includes Markets, Investment Banking (Global Debt Finance and Corporate Finance) and Global Transactional Banking, offers products and services on a global scale to corporate and institutional customers, and collaborates with other global businesses to better serve broad customer base. The Wealth Management & Insurance segment includes the asset management business (Santander Asset Management), the corporate unit of Private Banking and International Private Banking in Miami and Switzerland and the insurance business (Santander Insurance). The Payments segment involves in the digital payment's solutions, providing global technology solutions for banks and new customers in the open market. The Corporate Centre segment includes the centralized activities relating to equity stakes in financial companies, financial management of the structural exchange rate position. The company was founded on March 21, 1857 and is headquartered in Madrid, Spain.

BOSTON--(BUSINESS WIRE)--Santander Bank, N.A. announced today it has raised its prime rate from 8.0% to 8.25%, effective May 3, 2023. Santander Bank, N.A. is one of the country's largest retail and commercial banks with $99 billion in assets. With its corporate offices in Boston, the Bank's nearly 9,000 employees and more than 2 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a who.

Santander Bank Raises Its Prime Rate to 8.25%

Banco Santander, S.A. (SAN) Q1 2023 Earnings Call Transcript.

Banco Santander, S.A. (SAN) Q1 2023 Earnings Call Transcript

Barclays

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UK banks NatWest, Lloyds and Barclays fell ahead of the release of quarterly results later this week and next as numbers from rival Santander UK were weaker than expected, with higher costs, credit impairment charges and provisions. The UK arm of Spain's Banco Santander (LSE:BNC) still reported 11% growth in total operating income to £1.31bn and an 11% rise in profit before tax to £547mln.

Santander UK 'weaker' first-quarter numbers send rival bank shares lower

Banco Santander Brasil SA on Tuesday reported a first quarter net profit of 2.14 billion reais ($425.09 million), down 46.6% from a year earlier but still above analysts' forecasts of 1.83 billion in a Refinitiv poll.

Santander Brasil posts Q1 net profit down 46.6%

Banco Santander SA on Tuesday reported an increase in net profit for the first quarter and said it is on track to meet its full-year targets.

Santander's $2.84 billion profit beats forecast, says full-year targets on track

Spain's Santander on Tuesday said its net profit in the first quarter rose 1% compared to the same period of 2022 as higher lending income, which offset higher provisions and the impact from a banking levy in Spain.

Spain's Santander Q1 net profit rises 1% vs same period a year ago

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Short-sellers who bet against European banks are set to lose a substantial amount of money in April after the sector bounced back from the shock downfall of Credit Suisse in anticipation of strong quarterly earnings.

Short-sellers sit on $1 bln loss on European banks in April

Banco Bilbao Vizcaya Argentaria

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Banco Bilbao Vizcaya Argentaria , Banco Santander SA and Bank of America Corp together plan to fund Mexico's $6 billion deal to purchase power plants from Spain's Iberdrola , Bloomberg News reported on Thursday citing people familiar with the talks.

BBVA, Santander, BofA want to back Mexico's $6 bln power deal - Bloomberg News

Santander will increase its stake in its Mexican unit to 99.8% from 96.2% following a tender offer for all outstanding shares in the business, the Spanish bank said on Tuesday, as it moves ahead with plans to delist it.

Santander to raise stake in Mexican unit to 99.8%, delist shares

Spain's Santander on Friday said it was on track to meet its 2023 profitability targets despite the recent turmoil in the banking sector.

Spain's Santander reaffirms financial targets for 2023 despite banking turmoil

BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. (“Santander US”) today announced findings from a new survey of middle-income Americans, which revealed that 86% of respondents believe financial prosperity remains a worthwhile goal, with 79% optimistic that they will achieve it within the next decade, despite current headwinds.

Santander US Research Reveals Middle-Income Americans Are Optimistic about Achieving Financial Prosperity

BOSTON--(BUSINESS WIRE)--Santander Bank, N.A. announced today it has raised its prime rate from 7.75% to 8.0%, effective March 22, 2023. Santander Bank, N.A. is one of the country's largest retail and commercial banks with $99 billion in assets. With its corporate offices in Boston, the Bank's nearly 9,000 employees and more than 2 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware.

Santander Bank Raises Its Prime Rate to 8.0%

The Mexican arm of Spain's Banco Santander plans to launch digital lender Openbank by the end of March 2024 to offer checking accounts, credit cards and other services over time, the head of the local unit said on Thursday.

Santander's Mexico arm to launch digital bank by March 2024

CRZBY

Credit Suisse

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European banking shares were hammered on Wednesday as confidence in the sector already rattled by the collapse of Silicon Valley Bank in the US was knocked further by a fall of more than 25% in the value of Credit Suisse. Shares in the Swiss bank crashed 29% to USD1.78, hitting an all-time low, with trading earlier halted amid the heavy, and fast-paced sell-off.

Rout in banking shares picks up pace as jitters resurface

Banco Santander is a Spanish bank but it generates most of its income outside of Spain. About 15-20% of the annual net income is generated in the United States.

Banco Santander: Collateral Damage While Shareholder Payouts Should Increase In 2023

Filing of Form 20-F  SÃO PAULO, Feb. 28, 2023 /PRNewswire/ -- Banco Santander (Brasil) S.A. ("Santander Brasil") announces that its Annual Report on Form 20-F (the "20-F"), reporting its financial and operational data for 2022, was filed with the U.S. Securities and Exchange Commission, or the SEC, and with the Brazilian Securities and Exchange Commission, the Comissão de Valores Mobiliários, or CVM, on February 28, 2023.

BANCO SANTANDER (BRASIL) S.A.: NOTICE TO THE MARKET

Banco Santander (LSE:BNC) SA said on Tuesday it intends to increase pay-outs to shareholders to 50% of profits from 40% as the lender laid out plans for higher profitability and growth alongside full-year results. The Spanish bank which bought UK building society Abbey National in 2004 is targeting a return on tangible equity of 15-17% for the next three years (2023- 2025), while delivering double-digit average annual growth in tangible net asset value per share plus dividend per share through the cycle.

Santander intends to return half of profits to shareholders as details plan for growth

Banco Santander SA SAN, +2.08% said Tuesday that it would boost the proportion of profit distributed to shareholders to 50% in the next three years from 40% in 2022 through both cash dividends and share buybacks in new targets that include increasing customers by 25%.

Santander to raise payout policy to 50% from 40% in next three years

Many of the financial companies I've been positive about for the past few years have gone firmly into overvalued territory. This includes European banks. One of the exceptions to this pattern is Santander, a Spanish bank I've been writing about a few times over the past few years.

Santander: A Bank With Still-Existing Upside

Santander UK has warned that macroeconomic challenges in the United Kingdom could impact credit quality. In its 2022 results announced on Thursday (Feb. 2), Santander UK revealed that it put aside 321 million pounds last year to cover potential defaults, compared with 233 million pounds in 2021.

Santander Prepares for Rising Defaults as BoE Raises Interest Rate

BOSTON--( BUSINESS WIRE )--Santander Bank, N.A. announced today it has raised its prime rate from 7.50% to 7.75%, effective February 1, 2023.

Santander Bank Raises Its Prime Rate to 7.75%

Banco Santander SA (NYSE:SAN ) Q4 2022 Earnings Conference Call February 2, 2023 4:00 AM ET Company Participants Begona Morenes - IR Ana Botin - Group Executive Chairwoman Hector Grisi - Group CEO & Group Director Jose Garcia-Cantera - Senior EVP & Group CFO Conference Call Participants Francisco Riquel - Alantra Ignacio Olmos - UBS Ignacio Ulargui - BNP Paribas Exane Alvaro Serrano - Morgan Stanley Carlos Cobo Catena - Societe Generale Andrea Filtri - Mediobanca Benjamin Toms - RBC Capital Markets Daragh Quinn - KBW Marta Sánchez Romero - Citigroup Sofie Peterzens - JPMorgan Chase & Co. Begona Morenes Good morning, everybody, and welcome to Banco Santander's conference call to discuss our financial results for the fourth quarter of 2022. Just as a reminder, both the results report and presentation we will be following today are available to you on our website.

Banco Santander SA (SAN) Q4 2022 Earnings Call Transcript

Santander set aside £321mln for mortgage repayment defaults in 2022 as the bank braces for housing prices to fall back. In 2023, a 10% fall in house prices is expected by the Spanish bank, driven by growing interest rates and a 1.3% shrinking of the UK economy.

Santander readies itself for UK house price plunge

Santander posts forecast-beating profit, revenue, upbeat on 2023

Santander on Thursday said its 2022 net profit rose 18% to a record 9.6 billion euros ($10.6 billion) on higher lending, though results were overshadowed in the fourth quarter as provisions more than doubled on economic uncertainty.

News for Banco Santander Stock (SAN)