Banco Santander, S.A. · SAN · Next earnings

Banco Santander, S.A. reports Tuesday, Feb 2, 2027

SAN reports before market open with consensus EPS at $0.27 and revenue at $18.81B. Last quarter: Santander reaffirms guidance as transformation and integrations progress

Reports Before market open96 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $0.27 Calendar consensus
Consensus revenue $18.81B Calendar consensus
Report date Feb 2, 2027 Tuesday, date estimated
Session Before market open 96 days away

Where SAN left off: FY2026 Q3

Full report

Santander reaffirms guidance as transformation and integrations progress

EPS surprise 0.0% Reported $0.26 vs $0.26
Revenue surprise -2.1% Reported $17.76B vs $18.14B
Stock move -6.3% Event window
Subsequent drift -0.1% Up to 20 sessions

Guidance was reaffirmed, with no major changes to the revenue or profit outlook.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher loan-loss provisions in Argentina.
  • Deposit costs and net interest margin pressure in Brazil.
  • Additional supervisory and operational-risk charges.
  • Integration costs and uncertain timing of TSB and Webster synergies.
  • Potential banking-tax changes in the UK and Spain.

Questions analysts left open

  • Deposit cost pressures in Spain, the UK and Brazil.
  • Sensitivity of net interest income to interest-rate changes, especially in Brazil.
  • Timing and scale of cost synergies from ONE Transformation and TSB/Webster integration.
  • Regulatory charges and their impact on the CET1 target.
  • Potential loan-growth slowdown in the UK and Brazil.

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Recent SAN quarters

All SAN earnings
-6.3%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.