Santander reported a 17% year-on-year increase in adjusted net profit for the full year, reaching €3.77 billion.
The Spanish lender announced the results on Wednesday, slightly exceeding the €3.75 billion consensus estimate held by analysts.
This follows a second-quarter report in which Santander posted a 3% rise in net profit to €3.
The strong annual performance was primarily driven by the integration of recent acquisitions, which have bolstered the bank's revenue base.
This follows a second-quarter report in which Santander posted a 3% rise in net profit to €3.52 billion, citing stable underlying performance across its core markets.
Beyond its traditional banking operations, Santander has expanded its market share in investment banking.
The lender recently surpassed three major US investment banks—Bank of America, JPMorgan, and Citi—to become the leading arranger of bonds in Latin America, highlighting its growing influence in the region's capital markets.