Sabadell (SAB SM) - FY (EUR): NII 4.84bln (prev. 5.02bln Y/Y), Net Profit 1.78bln (prev. 1.83bln Y/Y), announced EUR 800mln share buyback programme
Newsquawk Staff ·
CEO
- “We end the year delivering on our commitments to the market. This enables us to confirm the forecasts set out in 2025-2027 Strategic Plan and announce an ambitious share buyback programme."
What it means
Banco de Sabadell reported a slight decline in net interest income and net profit year-over-year, which may raise concerns about its earnings momentum. However, the announcement of an EUR 800 million share buyback program signals management's confidence in the stock's value and their commitment to returning capital to shareholders, potentially supporting the share price in the face of disappointing earnings.
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