Banco Santander, S.A. (WSE:SAN)

Banco Santander Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	84,309	77,701	59,214	40,471	40,365
Interest Income on Investments	29,140	28,122	12,704	6,505	5,767
Total Interest Income	113,449	105,823	71,918	46,976	46,132
Interest Paid on Deposits	66,067	61,991	32,811	13,093	13,747
Net Interest Income	47,382	43,832	39,107	33,883	32,385
Net Interest Income Growth (YoY)	8.10%	12.08%	15.42%	4.63%	-9.58%
Income From Trading Activities	1,459	2,322	842	1,141	3,211
Gain (Loss) on Sale of Assets	340	293	19	10	-57
Gain (Loss) on Sale of Investments	1,262	166	1,238	922	1,030
Gain (Loss) on Sale of Equity Investments	711	613	702	432	-96
Other Non-Interest Income	12,477	10,449	10,187	9,918	7,761
Total Non-Interest Income	16,059	13,840	13,022	12,512	11,818
Non-Interest Income Growth (YoY)	16.03%	6.28%	4.08%	5.87%	-18.27%
Revenues Before Loan Losses	63,441	57,672	52,129	46,395	44,203
Provision for Loan Losses	12,644	12,912	10,856	7,388	12,363
Revenue	50,797	44,760	41,273	39,007	31,840
Revenue Growth (YoY)	13.49%	8.45%	5.81%	22.51%	-22.22%
Salaries and Employee Benefits	14,328	13,726	12,547	11,216	10,783
Occupancy Expenses	3,294	3,184	2,985	2,756	2,810
Selling, General & Administrative	7,856	7,945	7,812	6,885	7,000
Other Non-Interest Expense	4,450	3,276	2,464	2,852	1,801
Total Non-Interest Expense	29,928	28,131	25,808	23,709	22,394
EBT Excluding Unusual Items	20,869	16,629	15,465	15,298	9,446
Asset Writedown	-617	-189	-215	-215	-316
Other Unusual Items	-1,225	39	-	-	8
Pretax Income	19,027	16,459	15,250	14,547	-2,076
Income Tax Expense	5,283	4,276	4,486	4,894	5,632
Earnings From Continuing Operations	13,744	12,183	10,764	9,653	-7,708
Minority Interest in Earnings	-1,170	-1,107	-1,159	-1,529	-1,063
Net Income	12,574	11,076	9,605	8,124	-8,771
Preferred Dividends & Other Adjustments	-	492	529	566	552
Net Income to Common	12,574	10,584	9,076	7,558	-9,323
Net Income Growth	13.52%	15.31%	18.23%	-	-
Basic Shares Outstanding	16,330	16,172	16,848	17,272	17,316
Diluted Shares Outstanding	16,330	16,247	16,904	17,321	17,316
Shares Change (YoY)	0.51%	-3.88%	-2.41%	0.03%	1.28%
EPS (Basic)	0.77	0.65	0.54	0.44	-0.54
EPS (Diluted)	0.77	0.65	0.54	0.44	-0.54
EPS Growth	18.28%	21.23%	23.17%	-	-
Dividend Per Share	-	0.176	0.118	0.100	0.128
Dividend Growth	-	49.41%	17.80%	-21.57%	33.09%
Effective Tax Rate	27.77%	25.98%	29.42%	33.64%	-

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