Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000037
Chunk: 46

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 46
---
) (347) +314.3% Profit before tax 241 256 342 365 265 41 272 391 +43.5% 1,205 969 -19.6% Consolidated profit 124 137 202 233 159 (68) 156 259 +65.8% 696 505 -27.4% Attributable profit 107 116 179 204 137 (89) 129 235 +82.1% 607 413 -31.9% Note: From Q2 2024 onwards for the Argentine peso, we apply an alternative exchange rate that better reflects the evolution of inflation (we continue to apply the official ARS exchange rate to all prior periods). For further information, see the 'Alternative performance measures' section in the appendix to the quarterly report.

52 Payments (Constant EUR mn) Change Change Underlying income statement Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q4'24 / Q3'24 2023 2024 2024 / 2023 Net interest income 571 584 611 547 639 621 620 730 +17.7% 2,312 2,609 +12.9% Net fee income 753 673 733 676 649 677 716 752 +5.0% 2,835 2,793 -1.5% Gains (losses) on financial transactions and other (35) (17) (43) 19 3 9 12 78 +529.9% (77) 102 — Total revenue 1,289 1,239 1,301 1,242 1,290 1,307 1,348 1,559 +15.6% 5,070 5,505 +8.6% Operating expenses (586) (609) (562) (535) (634) (604) (600) (638) +6.3% (2,291) (2,475) +8.0% Net operating income 703 630 739 707 656 703 749 922 +23.1% 2,779 3,030 +9.0% Net loan-loss provisions (459) (376) (406) (343) (393)