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Banco De Sabadell, S.A. (BNDSY) Q2 2026 Earnings Call Transcript
The bank said lower interest rates squeezed lending income, while a €331 million buyback and early retirement costs shaped the quarter.
- On Friday, July 24, 2026, Spanish bank Sabadell reported a 28% rise in net profit to €624 million for the second quarter, announcing a €331 million share buyback programme.
- Capital gains of €322 million from the sale of British unit TSB drove the profit increase, though Sabadell's net interest income fell 0.4% year-on-year to €902 million amid lower market rates.
- Total costs rose 12.7% year-on-year to €37 million due to early retirement plans in Spain, though costs fell 3.3% against the previous quarter.
- CEO Marc Armengol and CFO Sergio Palavecino led the results presentation, with Armengol joining the group in May after more than 2 decades.
- Sabadell targets annual gross savings of €40 million from 2027 onwards, with €20 million expected to materialize in the second half of 2026.
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The accounts until June also incorporate another impact, in this case negative, such as the pre-retirement plan in Spain.
The Catalan entity initiates a new process of repurchase of shares worth 331 million euros, equivalent to approximately 2.1% of the share capital of the bank
·Madrid, Spain
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The bank claims that the business has started recovery while approving a new share buyback and amortizes 2.45% of the capital The EIB and Banco Sabadell sign an agreement to mobilize 1 billion for defense companies
Banco Sabadell has achieved in the first half of the year a net profit of 971 million euros that includes the net contribution of its former subsidiary in the United Kingdom, TSB,...
·Madrid, Spain
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Total News Sources22
Leaning Left1Leaning Right5Center3Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
11%
C 33%
R 56%
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