Banco Santand...-0.70%
Banco Santand...-0.41%
Santander's total income down 3.5% YoY to €11.4B in Q1
Banco Santander SA reported on Wednesday that its total income reached €11.4 billion in the first fiscal quarter of 2021, declining 3.5% compared to the same period in the year prior.
Attributable profit to the parent amounted to €1.6 billion after skyrocketing 385.8% from the first trimester of 2020, while net operating income grew 0.8% on an annual basis to €6.3 billion in the opening three months of 2021. Diluted earnings per share soared 669.7% year on year to €0.085.
"In line with our strategy to deploy capital in the most profitable businesses, we announced our intention to make a cash offer to repurchase the outstanding shares of Santander Mexico (c. 8.3% of the share capital)... The transaction is expected to be completed in the second or third quarter of 2021, following regulatory approvals," the bank said in the press release.