Banco Santander S.A. (SAN) Misses Q3 EPS by 1c; reaffirms FY23 Financial targets

Banco Santander S.A. (NYSE: SAN) reported Q3 EPS of $0.17, $0.01 worse than the analyst estimate of $0.18. Net interest income for the quarter came in at $11.22 billion versus the consensus estimate of $15.44 billion.

GUIDANCE:

Santander remains on track to meet its 2023 targets, including double-digit income growth; RoTE above 15%;
cost-to-income ratio of 44-45%; fully-loaded CET1 above 12%, and cost of risk below 1.2%.

For earnings history and earnings-related data on Banco Santander S.A. (SAN) click here.

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