Banco De Sabadell Sa Ord (BNDSF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.836 Welcome to 7-8 Results presentation for the first quarter of 2026. 00:00:04.836 -- 00:00:11.063 Joining us today are our CEO, César González Bueno, and our CFO, Sergio Palavecino. 00:00:11.063 -- 00:00:14.827 The presentation will follow the same structure as in previous quarters. 00:00:14.827 -- 00:00:19.412 Our CEO will begin by highlighting the key developments of the quarter and discussing 00:00:19.412 -- 00:00:24.437 the most relevant topics. Then, our CFO will review financial results and the 00:00:24.437 -- 00:00:29.222 evolution of the balance sheet. The presentation will conclude with closing remarks from 00:00:29.222 -- 00:00:33.796 our CEO after which we will open the floor for a live Q&A session. 00:00:33.796 -- 00:00:35.598 So, Cesar, over to you. 00:00:35.598 -- 00:00:40.222 Thank you, Juk. Good morning, everyone. I will begin by outlining the four highlights 00:00:40.222 -- 00:00:44.806 of the quarter, which we will discuss in more detail during today's presentation. 00:00:44.806 -- 00:00:50.151 First, the sale of TSB is now complete. Therefore, we will pay the extraordinary 00:00:50.151 -- 00:00:55.235 cash dividend of 50 euro cents per share at the end of May. 00:00:55.235 -- 00:01:00.352 Second, as we already anticipated, Q1... will mark the bottom 00:01:00.352 -- 00:01:05.639 of four core revenues. We expect these items to increase in each quarter 00:01:05.639 -- 00:01:10.927 over the course of the year. Third, we have launched an early retirement 00:01:10.927 -- 00:01:15.073 plan, which will improve efficiency 00:01:15.073 -- 00:01:18.839 in 26, but mainly in 2027. 00:01:18.839 -- 00:01:23.849 Fourth, we commit our full year guidance. Indeed, beyond the 00:01:23.849 -- 00:01:29.698 ups and downs of any given qua...