Banco Santander Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	17,852	152,281	192,208	220,342	223,073	210,689
Investment Securities	227,489	218,307	216,004	195,536	166,448	184,924
Trading Asset Securities	290,063	261,451	240,239	188,108	166,885	135,565
Total Investments	517,552	479,758	456,243	383,644	333,333	320,489
Gross Loans	1,136,430	1,097,859	1,116,030	1,118,614	1,104,389	999,553
Allowance for Loan Losses	-22,760	-21,158	-22,125	-22,788	-22,684	-22,964
Net Loans	1,113,670	1,076,701	1,093,905	1,095,826	1,081,705	976,589
Property, Plant & Equipment	25,755	26,416	31,212	32,926	33,044	32,342
Goodwill	12,252	11,958	13,438	14,017	13,741	12,713
Other Intangible Assets	5,275	5,350	5,821	5,854	4,904	3,871
Investments in Real Estate	995	1,022	875	956	1,029	979
Other Receivables	9,721	11,132	11,426	10,623	9,200	5,756
Other Current Assets	363	75,652	4,403	3,159	3,366	3,054
Long-Term Deferred Tax Assets	19,653	18,944	19,170	20,767	20,787	19,440
Other Real Estate Owned & Foreclosed	2,499	2,487	2,621	2,773	3,101	3,651
Other Long-Term Assets	11,574	5,814	5,759	6,175	7,376	6,262
Total Assets	1,856,625	1,867,515	1,837,081	1,797,062	1,734,659	1,595,835
Accounts Payable	-	1,452	1,452	1,783	1,563	1,475
Accrued Expenses	778	9,738	9,730	9,881	10,519	9,080
Interest Bearing Deposits	1,116,660	413,897	447,827	462,965	428,362	376,699
Non-Interest Bearing Deposits	-	688,927	707,418	697,339	718,366	711,377
Total Deposits	1,116,660	1,102,824	1,155,245	1,160,304	1,146,728	1,088,076
Short-Term Borrowings	63,907	56,539	62,722	58,572	74,264	59,552
Current Portion of Long-Term Debt	-	89,594	85,530	93,437	81,852	61,913
Current Portion of Leases	-	466	526	586	707	690
Current Income Taxes Payable	3,916	3,664	3,322	3,846	3,040	2,187
Other Current Liabilities	136,716	190,939	102,698	79,314	57,747	32,413
Long-Term Debt	328,619	234,796	239,991	215,142	198,487	184,250
Long-Term Leases	-	1,356	1,676	1,814	1,915	2,166
Pension & Post-Retirement Benefits	2,584	2,649	2,646	3,105	3,342	4,427
Long-Term Deferred Tax Liabilities	5,779	5,904	6,276	6,086	6,428	6,462
Other Long-Term Liabilities	85,118	54,846	57,940	58,951	50,482	46,091
Total Liabilities	1,744,077	1,754,767	1,729,754	1,692,821	1,637,074	1,498,782
Common Stock	7,345	7,345	7,576	8,092	8,397	8,670
Additional Paid-In Capital	36,792	36,792	40,079	44,373	46,273	47,979
Retained Earnings	99,318	95,187	85,561	76,379	68,321	61,512
Treasury Stock	-2,679	-96	-68	-1,078	-675	-894
Comprehensive Income & Other	-34,751	-36,058	-34,547	-32,343	-33,212	-30,337
Total Common Equity	106,025	103,170	98,601	95,423	89,104	86,930
Minority Interest	6,523	9,578	8,726	8,818	8,481	10,123
Shareholders' Equity	112,548	112,748	107,327	104,241	97,585	97,053
Total Liabilities & Equity	1,856,625	1,867,515	1,837,081	1,797,062	1,734,659	1,595,835
Total Debt	392,526	382,751	390,445	369,551	357,225	308,571
Net Cash (Debt)	-84,611	30,981	42,002	38,899	32,733	70,947
Net Cash Growth	-	-26.24%	7.98%	18.84%	-53.86%	40.87%
Net Cash Per Share	-5.70	2.07	2.70	2.39	1.94	4.10
Filing Date Shares Outstanding	14,542	14,678	15,137	15,886	16,551	17,063
Total Common Shares Outstanding	14,542	14,678	15,137	15,886	16,551	17,063
Book Value Per Share	7.29	7.03	6.51	6.01	5.38	5.09
Tangible Book Value	88,498	85,862	79,342	75,552	70,459	70,346
Tangible Book Value Per Share	6.09	5.85	5.24	4.76	4.26	4.12

Source: S&P Global Market Intelligence. Banks template. Financial Sources.