Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 34

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 34
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49bn +6% 32.1% -2.4pp 4.51% -26bps 17.5% +3.8pp €41bn +1% €30bn +10% €13bn +32% 36.0% -8.6pp 1.19% +39bps 17.0% +2.2pp Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023¹ NII 2,413 -0.4 10,121 19.5 11.0 Net fee income 846 3.5 3,414 6.1 -1.4 Total revenue 3,270 1.6 13,536 11.2 3.3 Operating expenses -1,063 5.4 -4,352 3.4 -3.9 Net operating income 2,207 -0.2 9,184 15.3 7.1 LLPs -1,077 1.0 -4,487 2.7 -4.5 Attributable profit 652 5.6 2,422 35.8 26.1 (*) € mn and % change in constant euros. (1) % change in current euros. Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023¹ NII 516 7.7 1,822 48.3 31.8 Net fee income 140 -3.5 551 8.4 -3.7 Total revenue 714 4.0 2,592 27.7 13.4 Operating expenses -232 -1.1 -933 3.0 -8.5 Net operating income 482 6.6 1,659 47.6 31.1 LLPs -118 -6.7 -497 53.2 36.1 Attributable profit 196 9.3 629 21.7 8.1 (*) € mn and % change in constant euros. (1) % change in current euros. • Strong YoY growth in loans, time deposits and mutual funds, with increases across all businesses, mainly Retail and Consumer • Greater profit and profitability YoY, driven by NII (volumes and cost of deposits), fees and efficiency gains, which more