Banco Santander, S.A. (ETR: BSD2)

Banco Santander Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	82,618	77,701	59,214	40,471	40,365	48,552
Interest Income on Investments	29,567	28,122	12,704	6,505	5,767	8,766
Total Interest Income	112,185	105,823	71,918	46,976	46,132	57,318
Interest Paid on Deposits	65,700	61,991	32,811	13,093	13,747	21,502
Net Interest Income	46,485	43,832	39,107	33,883	32,385	35,816
Net Interest Income Growth (YoY)	8.51%	12.08%	15.42%	4.63%	-9.58%	3.18%
Income From Trading Activities	2,575	2,322	842	1,141	3,211	1,349
Gain (Loss) on Sale of Assets	391	293	19	10	-57	1,059
Gain (Loss) on Sale of Investments	493	166	1,238	922	1,030	822
Gain (Loss) on Sale of Equity Investments	648	613	702	432	-96	324
Other Non-Interest Income	10,213	10,449	10,187	9,918	7,761	10,598
Total Non-Interest Income	14,277	13,840	13,022	12,512	11,818	14,460
Non-Interest Income Growth (YoY)	3.60%	6.28%	4.08%	5.87%	-18.27%	6.32%
Revenues Before Loan Losses	60,762	57,672	52,129	46,395	44,203	50,276
Provision for Loan Losses	12,972	12,912	10,856	7,388	12,363	9,340
Revenue	47,790	44,760	41,273	39,007	31,840	40,936
Revenue Growth (YoY)	8.26%	8.45%	5.81%	22.51%	-22.22%	4.09%
Salaries and Employee Benefits	14,204	13,726	12,547	11,216	10,783	12,141
Occupancy Expenses	3,249	3,184	2,985	2,756	2,810	3,001
Selling, General & Administrative	7,754	7,945	7,812	6,885	7,000	7,616
Other Non-Interest Expense	3,748	3,276	2,464	2,852	1,801	3,162
Total Non-Interest Expense	28,955	28,131	25,808	23,709	22,394	25,920
EBT Excluding Unusual Items	18,835	16,629	15,465	15,298	9,446	15,016
Asset Writedown	-505	-189	-215	-215	-316	-118
Other Unusual Items	39	39	-	-	8	-
Pretax Income	18,349	16,459	15,250	14,547	-2,076	12,543
Income Tax Expense	4,970	4,276	4,486	4,894	5,632	4,427
Earnings From Continuing Operations	13,379	12,183	10,764	9,653	-7,708	8,116
Minority Interest in Earnings	-1,137	-1,107	-1,159	-1,529	-1,063	-1,601
Net Income	12,242	11,076	9,605	8,124	-8,771	6,515
Preferred Dividends & Other Adjustments	492	492	529	566	552	595
Net Income to Common	11,750	10,584	9,076	7,558	-9,323	5,920
Net Income Growth	17.35%	15.31%	18.23%	-	-	-16.58%
Basic Shares Outstanding	15,697	16,172	16,848	17,272	17,316	17,059
Diluted Shares Outstanding	15,773	16,247	16,904	17,321	17,316	17,097
Shares Change (YoY)	-2.51%	-3.88%	-2.41%	0.03%	1.28%	1.18%
EPS (Basic)	0.75	0.65	0.54	0.44	-0.54	0.35
EPS (Diluted)	0.74	0.65	0.54	0.44	-0.54	0.35
EPS Growth	21.62%	21.23%	23.17%	-	-	-19.35%
Dividend Per Share	0.195	0.176	0.118	0.100	0.128	0.096
Dividend Growth	38.79%	49.41%	17.80%	-21.57%	33.09%	-48.74%
Effective Tax Rate	27.09%	25.98%	29.42%	33.64%	-	35.29%

Source: S&P Capital IQ. Banks template. Financial Sources.