The bank, as anticipated by journalist Pablo Allendesalazar, did not set a new profit record in 2025, contrary to the results achieved in 2023 and 2024. The result of €1.775 billion represents a 2.8% drop compared to the previous year, although excluding extraordinary late payment interest received in 2024 due to a ruling in the United Kingdom, earnings would have grown by 3.4%.
Significantly, the institution will not pay a complementary cash dividend charged to the 2025 results, contradicting what was suggested during the BBVA takeover bid (OPA). Instead, Sabadell will launch a share buyback and cancellation program totaling €800 million, a method preferred by institutional investors.
“"Our goal is to offer an attractive remuneration that will recurrently exceed the 20.44 cents per share in cash paid in 2024."
The €800 million program consists of €365 million charged to 2025 results and €435 million from excess capital generated. This figure, combined with the €700 million already paid in cash, totals €1.5 billion in remuneration, exceeding the commitments made during the final phase of the OPA.
Furthermore, the bank confirmed that its board has decided to appoint Marc Armengol, current head of the British subsidiary TSB, as the new CEO, replacing César González-Bueno. The handover is expected to take place starting in May, once authorization from the European Central Bank (ECB) is received and the sale of TSB to Santander is finalized, which will involve an extraordinary dividend of €2.5 billion.
