Banco Santander Income Statement

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	Sep '26 Sep 30, 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
Interest Income on Loans	78,927	76,248	80,992	74,799	59,214	40,471
Interest Income on Investments	27,798	26,177	28,730	27,511	12,704	6,505
Total Interest Income	106,725	102,425	109,722	102,310	71,918	46,976
Interest Paid on Deposits	60,476	59,362	65,225	61,092	32,811	13,093
Net Interest Income	46,249	43,063	44,497	41,218	39,107	33,883
Net Interest Income Growth	6.34%	-3.22%	7.95%	5.40%	15.42%	4.63%
Income From Trading Activities	278	1,017	1,344	2,316	842	1,141
Gain (Loss) on Sale of Assets	77	226	341	292	19	10
Gain (Loss) on Sale of Investments	1,592	986	1,260	181	1,238	922
Gain (Loss) on Sale of Equity Investments	907	665	687	591	702	432
Other Non-Interest Income	13,843	13,485	12,008	10,940	10,861	9,918
Total Non-Interest Income	16,534	16,290	15,450	14,317	13,696	12,512
Non-Interest Income Growth	-0.49%	5.44%	7.91%	4.53%	9.46%	5.87%
Revenues Before Loan Losses	62,783	59,353	59,947	55,535	52,803	46,395
Provision for Loan Losses	13,151	12,517	12,137	12,274	10,856	7,388
Revenue	49,632	46,836	47,810	43,261	41,947	39,007
Revenue Growth	3.89%	-2.04%	10.51%	3.13%	7.54%	22.51%
Salaries and Employee Benefits	14,086	13,633	13,825	13,275	12,547	11,216
Occupancy Expenses	3,210	3,178	3,179	3,086	2,985	2,756
Selling, General & Administrative	7,414	7,357	7,591	7,703	7,812	6,885
Other Non-Interest Expense	4,006	3,282	4,030	3,007	2,464	2,852
Total Non-Interest Expense	28,716	27,450	28,625	27,071	25,808	23,709
EBT Excluding Unusual Items	20,916	19,386	19,185	16,190	16,139	15,298
Asset Writedown	-565	-237	-609	-188	-215	-215
Other Unusual Items	-638	-464	-1,225	-977	-674	-
Pretax Income	19,709	18,681	17,347	15,005	15,250	14,547
Income Tax Expense	4,797	4,723	4,844	3,880	4,486	4,894
Earnings From Continuing Operations	14,912	13,958	12,503	11,125	10,764	9,653
Earnings From Discontinued Operations	2,285	1,542	1,241	1,058	-	-
Minority Interest in Earnings	-1,028	-1,399	-1,170	-1,107	-1,159	-1,529
Net Income	16,169	14,101	12,574	11,076	9,605	8,124
Preferred Dividends & Other Adjustments	655	622	620	492	529	566
Net Income to Common	15,514	13,479	11,954	10,584	9,076	7,558
Net Income Growth	19.60%	12.76%	12.94%	16.61%	20.09%	-
Basic Shares Outstanding	14,505	14,890	15,498	16,172	16,848	17,272
Diluted Shares Outstanding	14,593	14,976	15,568	16,247	16,904	17,321
Shares Change	-3.33%	-3.80%	-4.18%	-3.88%	-2.41%	0.03%
EPS (Basic)	1.07	0.91	0.77	0.65	0.54	0.44
EPS (Diluted)	1.06	0.90	0.77	0.65	0.54	0.44
EPS Growth	23.97%	17.19%	17.97%	21.23%	23.16%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Dividend Per Share	0.252	0.240	0.210	0.176	0.118	0.100
Dividend Growth	12.00%	14.29%	19.32%	49.41%	17.80%	-21.57%
Effective Tax Rate	24.34%	25.28%	27.92%	25.86%	29.42%	33.64%