Sabadell's Q1 net profit falls 29% from same period in 2025

Banco De Sabadell, S.a

05/05/2026 05:41

MADRID, May 5 (Reuters) - Spain's Sabadell SABE.MC said on Tuesday its first-quarter net profit fell 29% from the same period in 2025 due to higher extraordinary costs and lower lending income.

The country's fourth-largest bank in terms of market value reported a net profit of 347 million euros ($406.34 million) in the January to March period compared to 489 million euros in the same period last year, taking into account the contribution of TSB as the sale of its British unit was not closed until May 1.

Analysts polled by Reuters expected a net profit of 424 million euros.

($1 = 0.8482 euros)

 (Reporting by Jesús Aguado; Editing by Emma Pinedo)

 ((jesus.aguado@thomsonreuters.com; +34 91 835 68 32; Reuters Messaging: Reuters Messaging: jesus.aguado.reuters.com@reuters.net))