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Sabadell's Q3 reported net profit falls 2% from same period in 2025

By Reuters News

MADRID, Oct 29 (Reuters) - Spain's Sabadell SABE.MC said on Thursday that its third-quarter attributable net profit fell 2% due to an unfavourable comparison from the same period in 2025, when it still fully accounted British unit TSB on its books.

The Spanish bank's strategy has shifted to a standalone strategy after TSB's sale in May of 2026, and analysts are now watching if Sabadell will be able to maintain growth rates.

  • The country's fourth-largest bank in terms of market value reported a net profit of €405 million ($450 million) between July and September, compared to €414 million in the same period last year.

  • Analysts polled by Reuters expected a net profit of €375 million.

  • On a pro forma basis, and without the contribution of €70 million from TSB to the net profit in the third quarter of 2025, underlying net profit rose 18%.

($1 = 0.8993 euros)

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