Santander's Strong Start to 2025

Banco Santander has kicked off 2025 on a high note, announcing a 1% year-on-year increase in first-quarter revenue, reaching €15.5 billion. This growth is attributed to the addition of 9 million new customers, expanding its global customer base to 175 million.

Profit and Performance Highlights

The financial giant reported a 19% surge in profit to €3.4 billion, fueled by higher fee income and significant cost savings. Earnings per share (EPS) saw a remarkable 26% increase, climbing to €0.21. Santander remains on track with its 2025 objectives, aiming for €62 billion in revenue, a Return on Tangible Equity (RoTE) of 16.5%, and a CET1 ratio of 13%.

Dividend Announcement and Leadership Commentary

Shareholders have reason to celebrate as Santander declares a final cash dividend of €0.11 per share, scheduled for May, culminating the 2024 dividend at €0.21. Executive Chair Ana Botín shared her optimism, stating, "We’ve had a strong start to 2025... Our global businesses are all performing well, underlining the impact of our transformation and ability to further improve operating efficiency."