Banco de Sabadell SA0H00
▼ NegativeCapitalrelevance
Net profit declined 0.5% and recurring profit fell 14.1%, missing expectations.
Impact on stocks 1
Financials
Banco de Sabadell SABanco Sabadell Group reported a net profit of 971 million euros in the first half of 2026, down 0.5% from the same period last year. Excluding the contribution of the UK unit TSB and non-recurring items, recurring profit fell 14.1% to 691 million euros. Core banking revenue, not including TSB, declined 1.7% to 2.42 billion euros, with net interest income down 2% to 1.8 billion euros. The Group said it is on track to deliver targets of 14.5% return on tangible equity in 2026 and 16% in 2027, and announced a new share buyback programme of 331 million euros to be launched next week.
Banco de Sabadell SANet profit declined 0.5% and recurring profit fell 14.1%, missing expectations.