Apr 30, 2025 / 08:00AM GMT
Operator
Good morning, all, and welcome to the Santander Q1 2025 results call.
Hector Grisi Checa - Banco Santander SA - Chief Executive Officer, Executive Director
We have entered the last year of our strategic cycle well ahead of our plan. Focused on disciplined capital allocation, which is further improving our profitability to 15.8% post AT1s and our CET1 ratio to 12.9% with 87% of RWA generating returns above our cost of equity.
Given our solid progress building capital, our diversified earnings and improving profitability will reiterate our target to distribute up to EUR10 billion to our shareholders through share buybacks for '25/'26 subject to regulatory approvals.
Remember that we no longer set a maximum price for our buybacks reflecting our confidence on the group's potential in terms of profitability and value creation. Q1 was another record quarter for Santander, demonstrating the strength of our strategy and the resilience of our business model. Profit reached a new record of EUR3.4 billion, 19% higher than Q1 '24 with all of our
Q1 2025 Banco Santander SA Earnings Call Transcript
Apr 30, 2025
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