How did BSBR's Q1 2025 EPS forecast compare to past trends?

**Banco Santander's (BSBR) Q1 2025 EPS forecast reflects a positive outlook**, aligning with the bank's strategic goals and past performance trends: 1. **Growth Projections**: The forecasted Q1 2025 EPS indicates a significant upward trajectory compared to the previous year's EPS. This suggests that the bank is expecting improved profitability in the upcoming quarter. 2. **Strategic Focus**: Banco Santander's focus on increasing its RoTE post-AT1 to 15.7% in Q1 2025, with expectations to grow tangible net asset value plus cash dividend per share by over 14%, reflects a clear strategy to enhance shareholder value. 3. **Market Resilience**: Despite global economic uncertainties, the bank remains optimistic about market resilience and its ability to navigate volatility, as indicated by the employment data and customer growth. 4. **Dividend Increase**: The bank's announcement of a final cash dividend of 11 euro cents per share, payable from May 2, 2025, represents a 19% increase from the previous year. This demonstrates the bank's commitment to returning value to shareholders. 5. **Revenue Target**: The bank's reaffirmation of its 2025 revenue target around €62 billion underscores confidence in its business model and market positioning. In conclusion, Banco Santander's Q1 2025 EPS forecast is underpinned by strategic initiatives aimed at boosting profitability and shareholder returns, while also navigating challenging market conditions effectively.