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TSB Bank has revealed its earnings spiked by more than a third this year as it prepares to be taken over by Santander for £2.9 billion.

The bank said its financial performance had improved despite consumers remaining cautious amid rising inflation and weakening economic growth.

It reported a pre-tax profit of £270.6 million for the first nine months of 2025.

This was 38.2% higher than the £195.8 million it made in the same period last year.

Operating expenses fell by 7.5% year on year, driven by efforts to reduce business costs and “simplify” the bank.

The earnings

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