Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 8

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 8
---
 (1) DCB US RoTE post-AT1 adjusted based on Group’s deployed capital calculated as contribution of RWAs at 12%. Consumer: higher loans and successful deposit gathering are driving profit growth Retail deposits cost-to-serve (%) Operating expenses / ANEAs (%) Loans €214bn +4% Deposits €133bn +12% Efficiency 41.9% +0.8pp Profit €492mn +6% RoTE post-AT1 9.7% -0.6pp 1.00 0.96 Q1'24 Q1'25 2.53 2.46 Q1'24 Q1'25 KEY DRIVERS CoR 2.14% +1bps -4% -3% Operational leverage (€ mn) CostsRevenue +2% +3% 1.3 1.4 Q1'24 Q1'25 Loan-to-deposit ratio (%) Optimized funding structure 169 154 Mar-24 Mar-25 -14pp Total customers (mn) 25.0 25.7 Mar-24 Mar-25 +3% 3.2 3.2 Q1'24 Q1'25

12 870 916 974 1,027 952 Q1'24 Q2 Q3 Q4 Q1'25 Note: data and YoY changes in constant euros. Q1’25 FINANCIALS KEY DRIVERS % customer related revenue Fee growth (€ bn) % Total revenue / RWAs Loans €142bn +4% Deposits €134bn -4% CoR 0.08% -6bps Efficiency 42.9% +1.3pp Profit €806mn +18% RoTE post-AT1 21.6% +3.1pp 0.6 0.7 Q1'24 Q1'25 7.1 8.1 Q1'24 Q1'25 CIB: improvement in profitability driven by 11% fee growth year on year +1.0pp+11% • Further improvement in our key drivers as we execute our strategy focused on fee and capital-light business, driving RoTE above 21%, while we maintain a leading position in efficiency • Strong activity YoY, driven by our growth initiatives in Global Markets, with good performances in all regions, and Corporate Finance, mainly in the US • Double-digit profit increase with all-time high revenue on the back of record fees Recurrency performance (