Santander's shares bounce by 8percentafter lender introduced a file quarter revenue, 10 billion euros in cost

Shares of Santander bank After Spain's largest lender had shown a record win in the fourth quarter, she announced plans for 10 billion euros (10.4 billion US dollars) of share purchases from 2025 and 2026 and expected excess capital.

The bank's net profit rose 11% in the fourth quarter compared to the previous year compared to the previous year to 3.265 billion euros and with a season of 14% to 12.574 billion euros throughout the year, as Santander found in collecting customer activity. Robust margin management and growth throughout the company – especially in the core business. In 2024, the lender added eight million new customers to 173 million.

The bank's return for the tangible equity (red) – a measure of profitability – was up to 16.3% in 2024 per year.

Santander's shares closed over 8%on Wednesday.

As with other European lenders, the bank has benefited from the Nachkovid 19 environment with high interest rates and is now faced with the loss of this support, since the European Central Bank continues to make its monetary policy easier. For 2025, Santander gave guidelines for around 62 billion euros in sales, growing growth of the net income fee, a red over 17% and a CET1 2024.

“We have announced recorder results for the third time in a row, as we further increase sales, profitability and return” the cost-to-service service and the improvement of the operational leverage.

“We grow customers, eight million [is] Go on the right track, “said Botín on Wednesday about CNBCS” Squawk Box Europe “and added that it was” quite stable “next year, whereby the bank aimed at lower costs.

Beyond the borders

Questions about Santander's global footprint arose at the beginning of this year because the bank could consider exit from its business activities in Great Britain – which Botin has refuted since then. Asked on Wednesday about the future of the European banking landscape, said Botin: “The first thing that is really important in Europe is that there is no framework for cross -border M&A today. So what you see and you” already see is A consolidation in the market. “

Your comments are in the middle of the appetite on consolidation in the entire European banking sector, whereby the questions will increase whether Unicredit's surprise participation at Germany's Commerzbank has been leading to a cross-border offer since September. Since then, the second largest lender in Italy has also started a takeover offer for a takeover offer Bank BPMWith Monte dei Paschi, an offer for Mediobanca in Italian region.

“Many of our colleagues are more internal market. This means that if there is not a lot of growth, they do not give the option of cross -border, they will see in the market consolidation,” said Botin on Wednesday.