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Banco Santander, S.A. SAN.MC · Stock Open Banco Santander, S.A. in new tab

12.02 EUR
P/E
13.66
EPS
0.88
Yield
1.96%
Safety Score
92
P/B
1.57
ROE
13.11
Beta
0.94
Target Price
13.56 EUR
Banco Santander, S.A. logo

Banco Santander, S.A.

🧾 Earnings Recap – Q2 2026

Shares fell 2.5% reflecting investor caution despite solid revenue and profit growth, likely driven by concerns around margin pressure and the cautious outlook implied by restructuring costs and integration challenges with TSB.

  • H1 2026 underlying profit rose 14% YoY to EUR 3.8 billion in Q2, marking record profits.
  • Net Interest Income increased 6%, supported by margin resilience and volume growth; fees jumped 7% across all businesses.
  • Cost reduction continued, with efficiency improving by three percentage points and cost per active customer down 6% in retail.
  • Loan loss provisions were stable excluding Argentina, where sector-wide weakness impacted provisions.
  • Integration of TSB contributed only two months and involved restructuring costs, implying near-term pressure on margin and growth outlook.
📅
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Key Metrics
Earnings dateOct. 28, 2026
P/E13.66
EPS0.88
Book Value7.64
Price to Book1.57
% Insiders1.582%
Growth
Revenue Growth0.10%
Earnings Growth0.09%
Estimates
Forward P/E9.57
Forward EPS1.26
Target Mean Price13.56
Dividend
Dividend Yield1.96%
Annual dividends0.24 EUR
Ex-Div. DateOct. 29, 2026
Payout31.65%
5y avg Yield5.11%

DCF valuation

Model fair value for Banco Santander, S.A. (SAN.MC)
Result
Sign in to run the valuation for SAN.MC.
Assumptions
Growth– Capex– Tax– Terminal g– Cost of equity– Cost of debt–
Analyst price targets
21 analysts · consensus Buy · mean target 13.56 EUR (low 11.30, high 15.30) · as of 11 Oct 2026
Low 11.30
Mean 13.56
High 15.30
Price 12.02
Published broker research as supplied by our market data feed, named by firm and dated; it does not identify individual analysts. Targets carry their last refresh date; rating changes can be a few days behind.

Banco Santander, S.A. Logo Banco Santander, S.A. Analysis (SAN.MC)

Spain Financials Official Website Stock

Is Banco Santander, S.A. a good investment? Banco Santander, S.A. (SAN.MC) is currently trading at 12.02 EUR. Market analysts have a consensus price target of 13.56 EUR. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 13.66. This relatively low multiple may signal that Banco Santander, S.A. is undervalued compared to historical market norms.

Earnings Schedule: Banco Santander, S.A. is expected to release its next earnings report on Oct. 28, 2026. The market consensus estimate for Forward EPS is 1.26.

For income investors, Banco Santander, S.A. pays a dividend yield of 1.96%. With a payout ratio of 32%, the dividend appears sustainable.

Investor FAQ

Does Banco Santander, S.A. pay a dividend?

Yes, it pays an annual dividend of 0.24 EUR (1.96% yield).

What asset class is Banco Santander, S.A.?

Banco Santander, S.A. is classified as a Stock. You can compare it against 14 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be Oct. 28, 2026. The company currently has a trailing EPS of 0.88.

Company Profile

Banco Santander, S.A. provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide. The company operates through five segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services. The company also provides credit and debit cards, real estate loans, microfinance, and auto loans; corporate and investment banking services; advice on mergers and acquisitions; wealth, asset, and risk management services; and digital payments and technology solutions. In addition, it is involved in the securitization, leasing, management of portfolios, e-commerce, air transport, aircraft rental, software, consulting, fund and investment management, renewable energy, vehicle rental, insurance, advertising, marketing, telemarketing, automotive, agricultural, factoring, securities brokerage and investment, pension fund management, trade intermediary, venture capital fund, renting, restaurant, electricity production, IT, internet, and financial advisory and other activities; management, and other real estate activities; and purchase and sale of vehicles. Further, the company offers mobile and online banking services. Banco Santander, S.A. was formerly known as Banco Santander Central Hispano SA and changed its name to Banco Santander, S.A. in February 2007. The company was incorporated in 1856 and is headquartered in Madrid, Spain.

Exchange Ticker
LSE (United Kingdom) BNC.L
PNK (United States) BCDRF
FRA (Germany) BSDK.F
VIE (Austria) SAN.VI
BUE (Argentina) SAN.BA
MCE (Spain) SAN.MC
MEX (Mexico) SAN.MX
SAN.WA
BRU (Belgium) SANTA.BR
STU (Germany) BSD2.SG
GER (Germany) BSD2.DE
FRA (Germany) BSD2.F
ES0113900J37
MIL (Italy) SANT.MI
Trades
Dividend Yield
1.96%
5y avg 5.11%
Annual Dividends
0.24EUR
Next Ex. Div Date
Oct. 29, 2026
Payout Ratio
31.65%
Dividend History paid per year (EUR)
Historical Dividends
Year Total Dividends
▸2027
0.12 EUR
May 3, 2027 (estimated) 0.1242
▸2026
0.25 EUR
Nov. 2, 2026 0.1270
May 5, 2026 0.1250
▸2025
4.15 EUR
Nov. 3, 2025 0.1150
May 12, 2025 3.9200
May 2, 2025 0.1100
▸2024
3.96 EUR
Nov. 1, 2024 0.1000
May 13, 2024 3.7600
May 2, 2024 0.0950
▸2023
3.70 EUR
Nov. 2, 2023 0.0810
May 30, 2023 3.5600
May 2, 2023 0.0595
▸2022
3.98 EUR
Nov. 2, 2022 0.0583
May 6, 2022 3.8735
May 2, 2022 0.0515
▸2021
0.08 EUR
Nov. 2, 2021 0.0485
May 4, 2021 0.0275
▸2020
3.29 EUR
May 4, 2020 3.2870
▸2019
0.19 EUR
Nov. 1, 2019 0.0810
May 2, 2019 0.0526
Feb. 1, 2019 0.0526
▸2018
0.18 EUR
Oct. 29, 2018 0.0283
Aug. 1, 2018 0.0526
May 2, 2018 0.0486
Feb. 1, 2018 0.0486
▸2017
0.17 EUR
Oct. 27, 2017 0.0324
Aug. 4, 2017 0.0486
May 2, 2017 0.0445
Feb. 1, 2017 0.0445
▸2016
0.18 EUR
Oct. 18, 2016 0.0450
July 27, 2016 0.0450
April 28, 2016 0.0471
Feb. 1, 2016 0.0471
▸2015
0.39 EUR
Oct. 20, 2015 0.0471
Aug. 3, 2015 0.0471
April 14, 2015 0.1510
Jan. 14, 2015 0.1460
▸2014
0.57 EUR
Oct. 20, 2014 0.1510
July 15, 2014 0.1520
April 9, 2014 0.1177
Jan. 15, 2014 0.1520
▸2013
0.61 EUR
Oct. 16, 2013 0.1530
July 15, 2013 0.1500
April 12, 2013 0.1500
Jan. 15, 2013 0.1520
▸2012
0.64 EUR
Oct. 17, 2012 0.1500
July 13, 2012 0.1520
April 13, 2012 0.2200
Jan. 16, 2012 0.1190
▸2011
0.61 EUR
Oct. 17, 2011 0.1260
Aug. 1, 2011 0.1352
May 2, 2011 0.2288
Jan. 17, 2011 0.1152
▸2010
0.60 EUR
Oct. 15, 2010 0.1190
Aug. 2, 2010 0.1352
May 3, 2010 0.2218
Feb. 1, 2010 0.1229
▸2009
0.59 EUR
Nov. 4, 2009 0.1200
Aug. 3, 2009 0.1352
April 30, 2009 0.2079
Feb. 2, 2009 0.1229
▸2008
0.68 EUR
Nov. 3, 2008 0.1352
Aug. 1, 2008 0.1352
May 2, 2008 0.2820
Feb. 1, 2008 0.1229
▸2007
0.55 EUR
Nov. 1, 2007 0.1229
Aug. 1, 2007 0.1229
May 2, 2007 0.1999
Feb. 1, 2007 0.1069
▸2006
0.44 EUR
Nov. 1, 2006 0.1069
Aug. 1, 2006 0.1069
May 2, 2006 0.1376
Feb. 1, 2006 0.0930
▸2005
0.35 EUR
Nov. 1, 2005 0.0930
Aug. 1, 2005 0.0930
May 2, 2005 0.0842
Feb. 1, 2005 0.0830
▸2004
0.32 EUR
Nov. 1, 2004 0.0846
Aug. 2, 2004 0.0830
May 3, 2004 0.0704
Feb. 2, 2004 0.0775
▸2003
0.29 EUR
Nov. 3, 2003 0.0775
Aug. 1, 2003 0.0775
May 2, 2003 0.0607
Feb. 3, 2003 0.0751
▸2002
0.29 EUR
Nov. 1, 2002 0.0761
Aug. 1, 2002 0.0785
April 30, 2002 0.0639
Jan. 31, 2002 0.0761
▸2001
0.36 EUR
Oct. 31, 2001 0.0761
July 31, 2001 0.0761
May 1, 2001 0.0650
April 30, 2001 0.0775
Jan. 31, 2001 0.0669
▸2000
0.36 EUR
Nov. 2, 2000 0.0674
Oct. 31, 2000 0.0579
Aug. 2, 2000 0.0674
July 31, 2000 0.0579
May 4, 2000 0.0637
Jan. 31, 2000 0.0476
Upcoming Dividends
Name Payment Date Status Amount
Banco Santander, S.A. Nov 02, 2026 Upcoming 0.127 EUR
Banco Santander, S.A. May 05, 2026 0.125 EUR
Banco Santander, S.A. Nov 03, 2025 0.115 EUR
Stock Splits
Split Date Split Ratio to 1
Nov. 13, 2008 1.072
Jan. 17, 2011 1.01538
Oct. 17, 2011 1.02041
July 6, 2017 1.016
Nov. 16, 2020 1.04348
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