This Thursday, Banco Sabadell announced its third quarter results. Cumulative net income is 1.39 billion yenThis corresponds to an increase of 7.3% year-on-year and also represents a new record result for the company during the month of January. … And September. These data were released after BBVA’s failed takeover offer, which ended due to rejection by the majority of shareholders.
CEO of the entity; Cesar Gonzalez-Buenowho explained its benefits at a press conference. Across the southern region, which includes Andalusia, Extremadura and the Canary Islands, medium- and long-term loans to businesses increased by 18% from January to September compared to the same period last year. More than 160.2 million euros.
In this way, this financial institution continues the strategy of supporting regional production structures, especially small and medium-sized enterprises, which are an important sector of the Spanish economy and led at the national level by Banco Sabadell. The region’s economic dynamism is also reflected in the amount of goods it supplies. Operations performed using bank data phones recorded approximately 42 million operations Quarterly sales from July to September of this year totaled 1.364 billion euros.
Another significant increase is that Personal consumer loans totaled €25.4 million in the quarter. New mortgage grants in the region continue to increase, with production reaching €155 million.
Strong performance after the tender offer
In his speech, Mr. González-Bueno asserted that, if the tender offer is successful, the strong performance in the third quarter will reaffirm the year-end targets set in the 2025-2027 strategic plan and confirm the company’s shareholder remuneration forecast of 6.45 billion euros over three years.
Sabadell’s first executive elaborates:Dividends per share for the next three years are expected to be higher than the 20.44 cents paid starting in 2024. Profitability at the end of the plan will be 16%, with Spain as the core market of activity and a focus on growth and shareholder remuneration. Similarly, he wanted to highlight the “extraordinary efforts of everyone working in the company” to confront the changes that have taken place in recent years and address the challenges faced by the company.
As a finance director, Sergio Palavecinohighlighted “a positive contribution to the results of all business segments and a favorable evolution in the quality of the balance sheet, with a new decline in the non-performing loan ratio and an improvement in exTSB of up to 37 basis points above expectations in the total cost of risk,” and “the CET1 ratio rose to 13.74%, indicating a very high level of capital creation.”
Mortgage, credit and fees
In Spain as a whole, Banco Sabadell achieved banking income (interest margin and net fees) of EUR 4,659 million (-2%) from January to September 2025. Interest margin was 3,628 million euros, mainly due to lower interest rates, down 3.2% year-on-year and down 0.5% quarter on quarter.
Nevertheless, Net fees increase to €1.032 billion This corresponds to an increase of 2.1% year-on-year for the banking group and 3.7% excluding TSB, due to asset management and insurance rate increases. Total costs for the first nine months of this year amounted to 2,282 million euros, corresponding to a year-on-year decrease of 1.1%. Meanwhile, the recurring profit margin (recurring expenses less interest margins and fees) was 2,377 million euros (-3.8%).
Regarding commercial activities, credit outstandings showed a positive development year-on-year due to the strong performance in Spain, with growth in all segments, with investments in corporate and consumer credit standing out. Specifically, exTSB Live Credit Investment closed last September with a balance of €120.13 billion, an increase of 8.1%.
In Spain, Mortgage lending increased 26% year-on-year through Septembercredit balances increased by 5.6% year-on-year to €5,062 million. Meanwhile, new consumer credit amounted to €2.216 billion between January and September, an increase of 19% year-on-year, and this increase is also reflected in the overall outstanding consumer portfolio.
The production value of loans and credits to Spanish companies reaches 13,902 million eurosWhile this was a 1% decrease compared to the same period last year, the total working capital loan amounted to 26.415 billion, an increase of 0.2% compared to the previous year. The sector’s overall portfolio grew by 6.2% year-on-year.
Card payments also showed a positive trend, increasing by 6% and reaching 19.575 billion euros at the end of September. Databanks or POS terminals increased by 2% to €43,683 million in the first nine months of this year.
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