Banco de Sabadell, S.A. (BNDSY) Q2 2026 Earnings Call Transcript

Banco de Sabadell, S.A. ( BNDSY ) Q2 2026 Earnings Call July 24, 2026 3:00 AM EDT Company Participants Lluc Sas - Deputy Head of Shareholder and Investor Relations Marc Dulcet - CEO & Executive Director Sergio Alejandro Tome - Chief Financial Officer Conference Call Participants Francisco Riquel - Alantra Equities Sociedad de Valores, S.A., Research Division Maksym Mishyn - JB Capital Markets, Sociedad de Valores, S.A., Research Division Alvaro de Tejada - Morgan Stanley, Research Division Marta Sánchez Romero - JPMorgan Chase & Co, Research Division Cecilia Romero Reyes - Barclays Bank PLC, Research Division Ignacio Ulargui - BNP Paribas, Research Division Britta Schmidt - Bernstein Autonomous LLP Ignacio Cerezo Olmos - UBS Investment Bank, Research Division Borja Ramirez Segura - Citigroup Inc., Research Division Andrea Filtri - Mediobanca - Banca di credito finanziario S.p.A., Research Division Carlos Peixoto - Caixa Banco BPI., Research Division Sofie Caroline Peterzens - Goldman Sachs Group, Inc., Research Division Presentation Lluc Sas Deputy Head of Shareholder and Investor Relations Good morning, and welcome to Sabadell's results presentation for the second quarter of 2026. Joining us today are our new CEO, Marc Armengol; and our CFO, Sergio Palavecino. The presentation will follow a similar structure as in previous quarters. Marc will start by sharing his opening remarks and discussing the key highlights of the quarter. Then Sergio will review financial results and the evolution of the balance sheet before Marc concludes the presentation. Finally, we will open the line for a live Q&A session. With that, Marc, welcome, and the floor is yours. Marc Dulcet CEO & Executive Director Thank you very much, Lluc, and good morning, everyone. It is a great pleasure to join you today for my first results presentation as CEO of Sabadell. I thought that before we move into the presentation, let me just briefly introduce myself. I became CEO in May after more than 2 decades at the group. And during