Banco de Sabadell SA reported fourth-quarter 2017 group attributable net profit of €147.7 million, compared to €63.5 million a year earlier. EPS for the quarter was 14 cents, compared to 13 cents a year ago.
Excluding British unit TSB Banking Group Plc, attributable net profit for the quarter was €132.0 million, compared to the year-ago €59.7 million.
Group net interest income amounted to €924.6 million, compared to €946.9 million in the fourth quarter of 2016. Total provisions and impairments declined year over year to €228.5 million from €313.6 million.
For full-year 2017, Sabadell's group attributable net profit of rose on a yearly basis to €801.5 million from €710.4 million. Excluding TSB, attributable net profit for the period increased to €711.2 million from €531.1 million.
EPS for full year 2017 amounted to 14 cents, compared to the year-ago 13 cents.
Total provisions and impairments for the period rose on a yearly basis to €2.20 billion from €1.43 billion.
The bank's fully loaded common equity Tier 1 ratio stood at 12.8% at 2017-end, compared to 12.7% at Sept. 30, 2017, and 12.0% at the end of 2016.
A complementary cash dividend of 5 cents per share will be distributed, bringing the total yearly dividend to 7 cents per share. The total payout increased to 49% from 40% in 2016.
