Banco Santander Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	81,994	84,309	77,701	59,214	40,471	40,365
Interest Income on Investments	26,120	29,140	28,122	12,704	6,505	5,767
Total Interest Income	108,114	113,449	105,823	71,918	46,976	46,132
Interest Paid on Deposits	61,738	66,067	61,991	32,811	13,093	13,747
Net Interest Income	46,376	47,382	43,832	39,107	33,883	32,385
Net Interest Income Growth (YoY)	4.58%	8.10%	12.08%	15.42%	4.63%	-9.58%
Income From Trading Activities	1,787	1,459	2,322	842	1,141	3,211
Gain (Loss) on Sale of Assets	210	340	293	19	10	-57
Gain (Loss) on Sale of Investments	931	1,262	166	1,238	922	1,030
Gain (Loss) on Sale of Equity Investments	711	711	613	702	432	-96
Other Non-Interest Income	13,672	12,477	11,465	10,861	9,918	7,761
Total Non-Interest Income	17,135	16,059	14,856	13,696	12,512	11,818
Non-Interest Income Growth (YoY)	15.41%	8.10%	8.47%	9.46%	5.87%	-18.27%
Revenues Before Loan Losses	63,511	63,441	58,688	52,803	46,395	44,203
Provision for Loan Losses	12,837	12,644	12,912	10,856	7,388	12,363
Revenue	50,674	50,797	45,776	41,947	39,007	31,840
Revenue Growth (YoY)	8.72%	10.97%	9.13%	7.54%	22.51%	-22.22%
Salaries and Employee Benefits	14,186	14,328	13,726	12,547	11,216	10,783
Occupancy Expenses	3,331	3,294	3,184	2,985	2,756	2,810
Selling, General & Administrative	7,740	7,856	7,945	7,812	6,885	7,000
Other Non-Interest Expense	4,181	4,450	3,276	2,464	2,852	1,801
Total Non-Interest Expense	29,438	29,928	28,131	25,808	23,709	22,394
EBT Excluding Unusual Items	21,236	20,869	17,645	16,139	15,298	9,446
Asset Writedown	-362	-613	-189	-215	-215	-316
Other Unusual Items	-1,203	-1,225	-977	-674	-	8
Pretax Income	19,667	19,027	16,459	15,250	14,547	-2,076
Income Tax Expense	4,924	5,283	4,276	4,486	4,894	5,632
Earnings From Continuing Operations	14,743	13,744	12,183	10,764	9,653	-7,708
Earnings From Discontinued Operations	173	-	-	-	-	-
Minority Interest in Earnings	-1,314	-1,170	-1,107	-1,159	-1,529	-1,063
Net Income	13,602	12,574	11,076	9,605	8,124	-8,771
Preferred Dividends & Other Adjustments	630	620	492	529	566	552
Net Income to Common	12,972	11,954	10,584	9,076	7,558	-9,323
Net Income Growth	11.11%	13.53%	15.32%	18.23%	-	-
Basic Shares Outstanding	15,013	15,498	16,172	16,848	17,272	17,316
Diluted Shares Outstanding	15,095	15,568	16,247	16,904	17,321	17,316
Shares Change (YoY)	-4.19%	-4.18%	-3.88%	-2.41%	0.03%	1.29%
EPS (Basic)	0.86	0.77	0.65	0.54	0.44	-0.54
EPS (Diluted)	0.85	0.77	0.65	0.54	0.44	-0.54
EPS Growth	14.58%	17.97%	21.23%	23.16%	-	-
Dividend Per Share	0.225	0.210	0.176	0.118	0.100	0.128
Dividend Growth	-18.48%	19.32%	49.41%	17.80%	-21.57%	33.09%
Effective Tax Rate	25.04%	27.77%	25.98%	29.42%	33.64%	-

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