Santander Bank Polska S.A. (WSE: SPL)

Santander Bank Polska Income Statement

Financials in millions PLN. 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	16,693	15,855	10,323	5,389	5,947	7,468
Interest Income on Investments	2,158	2,566	2,226	1,086	933.27	1,094
Total Interest Income	18,851	18,421	12,549	6,475	6,880	8,561
Interest Paid on Deposits	5,162	5,294	2,886	400.14	969.01	1,882
Net Interest Income	13,689	13,127	9,663	6,075	5,911	6,679
Net Interest Income Growth (YoY)	9.23%	35.85%	59.06%	2.77%	-11.50%	14.32%
Income From Trading Activities	-	-	-	267.95	-	215.55
Gain (Loss) on Sale of Assets	-11.06	-8.84	-16.26	-15.77	8.29	100.8
Gain (Loss) on Sale of Investments	-5.12	-5.12	-23.05	141.75	257.71	185.48
Other Non-Interest Income	3,147	2,818	2,635	2,594	2,412	2,245
Total Non-Interest Income	3,131	2,804	2,595	2,988	2,678	2,747
Non-Interest Income Growth (YoY)	14.63%	8.04%	-13.14%	11.57%	-2.51%	14.94%
Revenues Before Loan Losses	16,820	15,931	12,258	9,063	8,589	9,426
Provision for Loan Losses	1,163	1,149	894.69	1,124	1,763	1,219
Revenue	15,656	14,782	11,363	7,939	6,826	8,207
Revenue Growth (YoY)	11.46%	30.08%	43.14%	16.30%	-16.82%	14.82%
Occupancy Expenses	608.3	569.48	523.59	578.97	593.6	628.18
Selling, General & Administrative	4,174	3,868	3,946	3,069	3,021	3,238
Other Non-Interest Expense	1,008	991.98	952.93	803	755.96	739.49
Total Non-Interest Expense	5,699	5,333	5,339	4,377	4,284	4,538
EBT Excluding Unusual Items	9,957	9,449	6,025	3,562	2,542	3,669
Asset Writedown	-2.2	-5.43	-12.36	-60.94	-42.41	-34.14
Legal Settlements	-2,682	-2,625	-1,746	-1,475	-479.23	-290.51
Other Unusual Items	9.18	9.18	9.2	21.28	14.22	-
Pretax Income	7,305	6,850	4,353	2,058	1,881	3,245
Income Tax Expense	1,966	1,902	1,344	805.42	643.72	800.49
Earnings From Continuing Operations	5,339	4,948	3,009	1,252	1,237	2,444
Minority Interest in Earnings	-59.16	-116.72	-209.68	-140.72	-200.01	-305.76
Net Income	5,279	4,831	2,799	1,112	1,037	2,138
Net Income to Common	5,279	4,831	2,799	1,112	1,037	2,138
Net Income Growth	11.05%	72.60%	151.79%	7.18%	-51.50%	-9.52%
Basic Shares Outstanding	102	102	102	102	102	102
Diluted Shares Outstanding	102	102	102	102	102	102
Shares Change (YoY)	-0.01%	-	-	-0.02%	0.01%	2.31%
EPS (Basic)	51.67	47.28	27.39	10.88	10.16	20.95
EPS (Diluted)	51.67	47.28	27.39	10.88	10.15	20.92
EPS Growth	11.06%	72.60%	151.78%	7.18%	-51.48%	-11.58%
Dividend Per Share	44.630	67.880	-	2.680	-	-
Dividend Growth	91.96%	-	-	-	-	-
Effective Tax Rate	26.92%	27.77%	30.88%	39.14%	34.22%	24.67%

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