Sabadell shares drop after Q3 results miss

Banco De Sabadell, S.a

13/11/2025 08:14

** Shares of Banco Sabadell SABE.MC fall 4% after the Spanish bank's lending income missed expectations, remaining pressured in the third quarter, hit by lower interest rates

** Sabadell's net interest income, or earnings on loans minus deposit costs, fell 4% to 1.20 billion euros  ($1.40 billion), below the 1.22 billion euros forecast by analysts in a Reuters poll

** Renta 4 broker expected a negative reaction in the share price due to the company's failure to meet estimates, despite reiterating its guidance for the year ex-TSB unit

** Shares among worst performers of STOXX 600 .STOXX index

($1 = 0.8575 euros)

 (Reporting by Joao Manuel Mauricio)

 ((JoaoManuel.VicenteMauricio@thomsonreuters.com))