Banco Santander Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	84,309	77,701	59,214	40,471
Interest Income on Investments	-	29,140	28,122	12,704	6,505
Total Interest Income	-	113,449	105,823	71,918	46,976
Interest Paid on Deposits	-	66,067	61,991	32,811	13,093
Net Interest Income	45,354	47,382	43,832	39,107	33,883
Net Interest Income Growth (YoY)	-4.28%	8.10%	12.08%	15.42%	4.63%
Income From Trading Activities	-	1,459	2,322	842	1,141
Gain (Loss) on Sale of Assets	-	340	293	19	10
Gain (Loss) on Sale of Investments	-	1,262	166	1,238	922
Gain (Loss) on Sale of Equity Investments	-	711	613	702	432
Other Non-Interest Income	17,036	12,477	11,465	10,861	9,918
Total Non-Interest Income	17,036	16,059	14,856	13,696	12,512
Non-Interest Income Growth (YoY)	6.08%	8.10%	8.47%	9.46%	5.87%
Revenues Before Loan Losses	62,390	63,441	58,688	52,803	46,395
Provision for Loan Losses	12,411	12,644	12,912	10,856	7,388
Revenue	49,979	50,797	45,776	41,947	39,007
Revenue Growth (YoY)	-1.61%	10.97%	9.13%	7.54%	22.51%
Salaries and Employee Benefits	-	14,328	13,726	12,547	11,216
Occupancy Expenses	-	3,294	3,184	2,985	2,756
Selling, General & Administrative	-	7,856	7,945	7,812	6,885
Other Non-Interest Expense	29,112	4,450	3,276	2,464	2,852
Total Non-Interest Expense	29,112	29,928	28,131	25,808	23,709
EBT Excluding Unusual Items	20,867	20,869	17,645	16,139	15,298
Asset Writedown	-	-613	-189	-215	-215
Other Unusual Items	-	-1,225	-977	-674	-
Pretax Income	20,867	19,027	16,459	15,250	14,547
Income Tax Expense	5,341	5,283	4,276	4,486	4,894
Earnings From Continuing Operations	15,526	13,744	12,183	10,764	9,653
Minority Interest in Earnings	-1,425	-1,170	-1,107	-1,159	-1,529
Net Income	14,101	12,574	11,076	9,605	8,124
Preferred Dividends & Other Adjustments	-	620	492	529	566
Net Income to Common	14,101	11,954	10,584	9,076	7,558
Net Income Growth	12.14%	13.53%	15.32%	18.23%	-
Basic Shares Outstanding	14,815	15,498	16,172	16,848	17,272
Diluted Shares Outstanding	14,815	15,568	16,247	16,904	17,321
Shares Change (YoY)	-4.83%	-4.18%	-3.88%	-2.41%	0.03%
EPS (Basic)	0.95	0.77	0.65	0.54	0.44
EPS (Diluted)	0.95	0.77	0.65	0.54	0.44
EPS Growth	23.93%	17.97%	21.23%	23.16%	-
Dividend Per Share	-	0.210	0.176	0.118	0.100
Dividend Growth	-	19.32%	49.41%	17.80%	-21.57%
Effective Tax Rate	25.60%	27.77%	25.98%	29.42%	33.64%

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