Banco Sabadell posts 1.376 million profit through September, down 1%
Banco Sabadell closed the first nine months of the year with a net profit of 1.376 billion euros, down 1% year on year, including the contribution of TSB, which was part of the group for four months. Excluding TSB —sold to Banco Santander on May 1— and extraordinary items, recurring profit was 1.096 billion, down 5.3%. The bank announced a cash dividend of 7 cents per share, payable on December 29, totaling 325 million, in addition to the 331 million buyback launched in July.
In 40 seconds
- Net profit of 1.376 billion through September, down 1% year on year, with four months of TSB
- Recurring profit of 1.096 billion, down 5.3%, after excluding TSB and extraordinary items
- New dividend of 7 cents per share, totaling 325 million, payable on December 29
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IASummary generated by artificial intelligence from a story by Valencia Plaza. It may contain errors: the original source prevails.
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