Sabadell Q3 profit rises on stronger lending income
Spain's Sabadell reports higher underlying third-quarter profit as lending income continues to support earnings after the sale of TSB. The result comes in above analyst expectations for net profit, while the bank's net interest income is slightly below forecasts.
Highlights
- Sabadell's Q3 underlying net profit rises 18% year-on-year to 405 million euros, surpassing analysts' estimate of 375 million euros.
- Net interest income increases 2% to 920 million euros on a pro forma basis, slightly underperforming the 923 million euros expected by analysts.
- Following the May sale of TSB, Sabadell's earnings remain strongly supported by lending income as it pursues a standalone strategy amid operating changes.
Quarterly earnings and comparison basis
As reported by Reuters, Sabadell says its underlying net profit for the third quarter rises 18% from the same period in 2025, helped by higher lending income.The bank, Spain's fourth-largest by market value, reports net profit of 405 million euros in the July to September period, above the 375 million euros expected by analysts polled by Reuters. Sabadell says the comparison uses a pro forma basis that excludes TSB in the third quarter of 2025, because TSB was part of the group's perimeter at that time.
When TSB is included in the same quarter last year, attributable reported net profit falls 2%. Sabadell's net interest income, which reflects earnings on loans minus deposit costs, rises 2% year on year on a pro forma basis to 920 million euros, slightly below analysts' forecast of 923 million euros.
Standalone strategy in focus
Investors and analysts are now watching whether Sabadell can sustain its growth pace as the bank shifts to a standalone strategy after the sale of TSB in May.The quarterly figures suggest lending income remains a key support for earnings, even as the bank adjusts to a new operating structure without its former UK unit. That leaves future performance closely tied to its ability to preserve loan profitability and offset pressure on revenue expectations.
In our earlier article on the IMF’s October outlook for Europe’s economy, we explained that the region’s recovery remains uneven, with relatively stronger momentum in Germany, the UK, and Spain while France continues to lag. We also noted that persistent inflation risks, tight fiscal room, and shifting trade dynamics are shaping credit conditions and investor sentiment across European markets.
Latest Banco Sabadell News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
