Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 20

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 20
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s increasing less than loans • PBT QoQ mainly affected by lower NII, fees and seasonality in costs Loans Deposits Mutual Funds Yield on loans Cost of deposits Efficiency Loans Deposits Mutual Funds Yield on loans Cost of deposits Efficiency €57bn +5% €54bn +10% €19bn +2% 16.31% +28bps 7.23% -96bps 38.4% -4.9pp €32bn +6% €35bn +2% €13bn +42% 13.70% -13bps 4.92% -5bps 47.2% -1.9pp Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023¹ NII 763 5.6 3,116 3.4 0.4 Net fee income 147 -4.1 643 8.9 5.8 Total revenue 910 6.1 3,728 7.3 4.2 Operating expenses -468 14.3 -1,758 3.1 0.1 Net operating income 442 -1.3 1,970 11.3 8.1 LLPs -97 -26.9 -653 12.6 9.4 Profit before tax 335 10.0 1,277 10.9 7.7 (*) € mn and % change in constant euros. (1) % change in current euros. Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023¹ NII 1,590 -3.4 6,762 16.4 8.2 Net fee income 357 -4.0 1,553 10.4 2.6 Total revenue 1,946 0.8 8,205 15.7 7.5 Operating expenses -763 4.0 -3,152 2.5 -4.7 Net operating income 1,183 -1.2 5,053 25.8 16.9 LLPs -730 0.8 -2,973 3.7 -3.7 Profit before tax 287 -6.4 1,337 194.8 173.9 (*) € mn and % change in constant euros. (1) % change