Sabadell stock: stronger Q3 profit meets lower NII outlook
Published on 10/29/2026 at 17:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQuarterly progress and outlook
- Recurring profit improved sequentially, while recurring return on tangible equity moved closer to the full-year target.
- Management maintained its profitability goals but lowered near-term net interest income expectations because deposit costs are rising faster than expected.
- A new interim cash dividend adds to Sabadell's shareholder-return program.
Banco de Sabadell reported its third-quarter 2026 results on October 29, adding a new operating update to the results timetable previously covered by this publication. According to Banco Sabadell's investor-relations page, the results webcast was scheduled for 8:00 a.m. CEST. The company reported stronger quarterly momentum, while slightly reducing its near-term net interest income outlook.
What has changed since the last report
The bank generated recurring net profit of 405 million euros in the third quarter, up 13 percent from the second quarter. Recurring return on tangible equity rose to 14.2 percent, while reported RoTE reached 15.5 percent. Core banking revenue increased 2.4 percent quarter on quarter to 1.26 billion euros.
As reported by Investing.com, net interest income increased 2 percent sequentially and fees rose 3.7 percent. However, management now expects 2026 net interest income to grow by about 1 percent year on year, citing faster-than-expected increases in deposit costs. The full-year RoTE target of 14.5 percent remains in place, as does the 16 percent target for 2027.
Capital, credit and shareholder returns
Asset quality continued to improve: the non-performing-loan ratio declined to 2.4 percent, while the fully loaded CET1 ratio stood at 13.12 percent. Recurring costs were broadly stable during the quarter, and management expects recurring cost growth of about 2 percent for 2026.
Sabadell also announced an interim cash dividend of 0.07 euros per share, payable on December 29. The payment represents a total distribution of 325 million euros and follows the share buyback program launched in July.
At Lang & Schwarz, Banco de Sabadell stock stood at 3.51 euros on October 29, 2026, at 16:39:25 Berlin time. Investors should distinguish the stronger quarterly operating trend from the lower near-term net interest income outlook, which remains the main qualification to the update.
For investors looking for a real-time quote of Banco de Sabadell stock, the current market indication is available separately.
Market context: The Spanish banking share is part of an equity market environment tracked through the IBEX 35 market theme.
More news and analyses on Banco de Sabadell stock
Banco de Sabadell stock facts
- Company: Banco de Sabadell, S.A.
- ISIN: ES0113860A34
- Ticker: SAB.MC
- Sector: Financial Services
- Lang & Schwarz price: 3.51 euros on October 29, 2026, at 16:39:25 Berlin time
- Third-quarter recurring net profit: 405 million euros
- Recurring RoTE: 14.2 percent
- Interim cash dividend: 0.07 euros per share, payable December 29, 2026
