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The nation's largest bank recorded $3.4 billion of net income - up by $1.6 billion from a year before.
Last year, a consortium including Santander completed the buyout of Dutch bank ABN Amro - a deal which, the firm claims, contributed $236 million towards its profits.
However, the recent experiences of another consortium member, RBS, have been very different.
The Scottish bank has declared over $16 billion of credit crunch-related write-downs over the past year - which, it is expected, will entirely wipe out profits in quarters to come.
RBS also announced a $24 billion rights issue last week in a bid to shore up its balance sheet.
Santander's announcement beat a recent poll of analysts from news agency Reuters - who predicted a net profit of around $3 billion for the quarter.
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