Banco de Sabadell (BME:SAB) reported Q2 core revenue of €1.23B and €892M net profit (+10.9% YoY) aided by TSB sale and one‑offs, with loans/deposits up, NPLs 2.47% and CET1 13.11%; it launches a €331M buyback and targets ROTE 14.5% (2026)/16% (2027) with cost and NII improvements.
Previous Week Recap
- Sabadell Posts €892M Profit: Sabadell (SAB) posted €892M net profit, +10.9% YoY, boosted by TSB sale and one‑offs. Loans and deposits grew in Spain/Mexico. NPL ratio 2.47%, CET1 13.11%.
- Sabadell Launches €331m Buyback: Banco de Sabadell (SAB) starts a €331m share buyback next week, ~2.1% of capital; company disclosed total nominal amount and timing.
- Sabadell Targets 14.5% ROT E: Sabadell targets ROTE 14.5% by end‑2026 and 16% by end‑2027; expects NII to rise >1% in 2026, recurring costs <3% by end‑2026, and €40m annual savings from 2027 (€20m in H2 2026).
- Sabadell Q2 Core Revenue €1.23B: Banco de Sabadell (SAB) Q2 core revenue: €1.23B. Company corrected that €1.23B refers to core revenue, not net interest income. No other figures or guidance given.
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