Banco Santander, S.A. (BNC) Q2 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Banco Santander, S.a..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:06.192 Good morning everyone and thank you for joining Santander's first half 2026 results presentation. 00:00:06.192 -- 00:00:09.073 Today's presentation will follow the usual structure. 00:00:09.073 -- 00:00:13.134 First, Hector will talk about our results with a special focus on the performance of 00:00:13.134 -- 00:00:15.095 our global businesses. 00:00:15.095 -- 00:00:18.595 Jose will then cover the financial results in more detail. 00:00:18.595 -- 00:00:23.717 Finally, Hector will close with the outlook before we open the line for Q&A. 00:00:23.717 -- 00:00:27.978 Before we start, I would like to highlight that this is the first quarter in which TSB 00:00:27.978 -- 00:00:33.253 is included in our results after the acquisition closed on the 30th of April. 00:00:33.253 -- 00:00:37.935 Our underlying metrics exclude the impact of Poland and TSP integration-related restructuring 00:00:37.935 -- 00:00:41.916 costs to provide a clearer view of the underlying trends. 00:00:41.916 -- 00:00:45.237 With that, Hector, over to you. 00:00:45.798 -- 00:00:48.760 Thanks, Rahul, and good morning to everyone. 00:00:48.760 -- 00:00:53.282 Q2 was another record quarter for Santander, demonstrating again the strength of our 00:00:53.282 -- 00:00:57.553 strategy and the resilience of our business models. 00:00:57.553 -- 00:01:02.754 Our quarterly profit hit a new record of $3.8 billion, making H126 00:01:02.754 -- 00:01:08.135 the best half ever, driven by strong revenue growth across global businesses 00:01:08.135 -- 00:01:13.176 and our growing franchise of 182 million customers, up by more than 12 00:01:13.176 -- 00:01:17.977 million year-on-year, including the 4 million TSV customers we welcomed to the group 00:01:17.977 -- 00:01:20.077 in May. 00:0...