Banco Santander, S.A. (SAN) 10-Year Financial Performance & Capital Metrics

SAN • • Banking & Credit

Financial ServicesDiversified BanksGlobal Universal BanksEuropean Global Banking Leaders

AboutBanco Santander, S.A. provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products. The company also provides cash, asset, and wealth management; and private banking services. In addition, it is involved in the corporate banking; treasury, risk hedging, foreign trade, confirming, custody, and investment banking activities. The company operates through a network of 9,879 branches. The company was formerly known as Banco Santander Central Hispano S.A. and changed its name to Banco Santander, S.A. in June 2007. Banco Santander, S.A. was founded in 1856 and is headquartered in Madrid, Spain.Show more

Net Interest Income $46.67B +7.9%
Total Revenue $129.91B +6.6%
Net Income $12.57B +13.5%
Return on Equity 11.89% +8.3%
Net Interest Margin 2.54% +5.5%
Efficiency Ratio 24.76% -1.1%
ROA 0.69% +10.3%
Equity / Assets 5.84% +0.7%
Book Value per Share 6.89 +7.5%
Tangible BV/Share 5.66 +8.9%
Debt/Equity 4.50 +51.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 24.8% efficiency ratio
✓Momentum leader: RS Rating 81 (top 19%)
✓Share count reduced 4.2% through buybacks
✓Trading near 52-week high

✗Weaknesses

✗High debt to equity ratio of 4.5x
✗Thin capital base

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.49%

5Y12.35%

3Y28.31%

TTM-

Profit (Net Income) CAGR

10Y8.02%

5Y14.05%

3Y15.67%

TTM11.11%

EPS CAGR

10Y5.29%

5Y17.08%

3Y20.51%

TTM-10.58%

ROCE

10Y Avg1.04%

5Y Avg1.13%

3Y Avg1.12%

Latest1.07%

Peer Comparison

European Global Banking Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCSBarclays PLC	89.51B	25.90	18.50	119.69%	12.22%	9%	6.19%	2.56
SANBanco Santander, S.A.	177.87B	12.11	15.73	6.6%	9.68%	12.38%		4.50
BBVABanco Bilbao Vizcaya Argentaria, S.A.	136.53B	24.09	14.34	16.23%	31.85%	17.26%		2.41
HSBCHSBC Holdings plc	284.37B	82.83	13.36	8.7%	39.15%	10.56%	21.6%	1.26

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	32.81B	31.09B	34.3B	34.34B	35.28B	31.99B	33.37B	38.62B	43.26B	46.67B
NII Growth %	0.11%	-0.05%	0.1%	0%	0.03%	-0.09%	0.04%	0.16%	0.12%	0.08%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	57.2B	55.16B	56.04B	54.33B	56.78B	45.74B	46.46B	71.43B	105.25B	112.73B
Interest Expense	24.39B	24.07B	21.75B	19.98B	21.5B	13.75B	13.09B	32.81B	61.99B	66.07B
Loan Loss Provision	10.19B	9.56B	9.24B	8.98B	9.34B	12.36B	7.39B	10.86B	12.91B	12.64B
Non-Interest Income+	14.48B	14.61B	15.3B	15.34B	15.78B	14.76B	15.04B	15.6B	16.62B	17.17B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	71.68B	69.76B	71.34B	69.67B	72.56B	60.5B	61.5B	87.03B	121.87B	129.91B
Revenue Growth %	0.03%	-0.03%	0.02%	-0.02%	0.04%	-0.17%	0.02%	0.42%	0.4%	0.07%
Non-Interest Expense	27.56B	25.37B	28.27B	26.5B	29.18B	36.47B	26.47B	28.11B	30.51B	32.17B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	9.55B	10.77B	12.09B	14.2B	12.54B	-2.08B	14.55B	15.25B	16.46B	19.03B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.11%	0.13%	0.12%	0.17%	-0.12%	-1.17%	8.01%	0.05%	0.08%	0.16%
Pretax Income+	9.55B	10.77B	12.09B	14.2B	12.54B	-2.08B	14.55B	15.25B	16.46B	19.03B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.21B	3.28B	3.88B	4.89B	4.43B	5.63B	4.89B	4.49B	4.28B	5.28B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.97B	6.2B	6.62B	7.81B	6.51B	-8.77B	8.12B	9.61B	11.08B	12.57B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.03%	0.04%	0.07%	0.18%	-0.17%	-2.35%	1.93%	0.18%	0.15%	0.14%
Net Income (Continuing)	7.33B	7.49B	8.21B	9.31B	8.12B	-7.71B	9.65B	10.76B	12.18B	13.74B
EPS (Diluted)+	0.38	0.39	0.39	0.43	0.35	-0.54	0.44	0.54	0.65	0.77
EPS Growth %	-0.17%	0.03%	0%	0.1%	-0.19%	-2.54%	1.81%	0.23%	0.2%	0.18%
EPS (Basic)	0.38	0.39	0.39	0.43	0.35	-0.54	0.44	0.54	0.65	0.77
Diluted Shares Outstanding	15B	15.34B	16.12B	16.9B	17.1B	17.32B	17.32B	16.9B	16.25B	15.57B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	77.75B	76.45B	111B	113.66B	128.46B	173.02B	234.81B	223.07B	246.9B	217.89B
Short Term Investments	0	0	0	0	1000K	1000K	1000K	0	1000K	1000K
Total Investments+	207.09B	216.68B	232.61B	213.58B	1.31T	1.27T	1.21T	217.05B	293.25B	333.76B
Investments Growth %	0.04%	0.05%	0.07%	-0.08%	5.15%	-0.03%	-0.05%	-0.82%	0.35%	0.14%
Long-Term Investments	207.09B	216.68B	232.61B	213.58B	1.11T	1.18T	1.18T	217.05B	271.74B	314.24B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	26.96B	26.72B	25.77B	25.47B	24.25B	12.47B	12.71B	13.74B	14.02B	13.44B
Intangible Assets	2.47B	2.7B	2.91B	3.09B	3.44B	3.44B	3.87B	4.9B	5.85B	5.82B
PP&E (Net)	19.34B	20.77B	20.65B	24.59B	34.26B	31.77B	32.34B	33.04B	32.93B	31.21B
Other Assets	1.01T	995.8B	1.05T	1.08T	-14.14B	-14.2B	73.76B	1.46T	1.52T	1.22T
Total Current Assets	77.75B	76.45B	111B	113.66B	342.75B	277.69B	272.38B	223.07B	416.84B	251.85B
Total Non-Current Assets	1.26T	1.26T	1.33T	1.35T	1.18T	1.23T	1.32T	1.73T	1.85T	1.59T
Total Assets+	1.34T	1.34T	1.44T	1.46T	1.52T	1.51T	1.6T	1.73T	1.8T	1.84T
Asset Growth %	0.06%	-0%	0.08%	0.01%	0.04%	-0.01%	0.06%	0.09%	0.04%	0.02%
Return on Assets (ROA)	0%	0%	0%	0.01%	0%	-0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	2.17B	2.09B	2.62B	2.02B	1.85B	2B	2.4B	3.02B	3.32B	2.45B
Total Debt+	226.16B	228.87B	217.97B	246.62B	375.65B	322.17B	334.39B	282.96B	310.98B	483.38B
Net Debt	148.43B	152.41B	106.97B	132.96B	247.19B	149.15B	99.58B	59.89B	64.08B	265.48B
Long-Term Debt	226.16B	228.87B	217.97B	246.62B	261.98B	235.27B	246.16B	280.34B	262.41B	288.23B
Short-Term Debt	0	0	0	0	108.56B	83.85B	85.37B	0	46.17B	192.95B
Other Liabilities	1.07T	1.07T	1.17T	1.16T	131.65B	181.98B	209.12B	1.43T	1.47T	1.43T
Total Current Liabilities	13.38B	14.06B	15.37B	15.18B	1.01T	991.29B	1.03T	10.53B	70.76B	11.72B
Total Non-Current Liabilities	1.3T	1.3T	1.38T	1.41T	404.49B	425.63B	463.91B	1.71T	1.73T	1.72T
Total Liabilities	1.24T	1.24T	1.34T	1.35T	1.41T	1.42T	1.5T	1.64T	1.69T	1.73T
Total Equity+	98.75B	102.7B	106.83B	107.36B	110.66B	91.32B	97.05B	97.58B	104.24B	107.33B
Equity Growth %	0.1%	0.04%	0.04%	0%	0.03%	-0.17%	0.06%	0.01%	0.07%	0.03%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.06%	0.06%	0.06%	0.07%	0.06%	-0.09%	0.09%	0.1%	0.11%	0.12%
Book Value per Share	6.58	6.69	6.63	6.35	6.47	5.27	5.60	5.77	6.42	6.89
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	7.22B	7.29B	8.07B	8.12B	8.31B	8.67B	8.67B	8.4B	8.09B	7.58B
Additional Paid-in Capital	45B	44.91B	51.05B	50.99B	52.45B	52.01B	47.98B	46.27B	44.37B	40.08B
Retained Earnings	49.89B	53.08B	55.7B	59.77B	67.54B	56.81B	68.4B	76.31B	85.19B	94.9B
Accumulated OCI	-13.86B	-14.33B	-20.31B	-22.35B	-28.94B	-36.74B	-38.03B	-33.21B	-42.07B	-44.1B
Treasury Stock	-210M	-7M	-22M	-59M	-31M	-69M	-894M	-675M	-1.08B	-68M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.68B	21.82B	40.19B	3.42B	3.39B	66.15B	56.69B	27.71B	5.01B	-24.16B
Operating CF Growth %	1.79%	2.84%	0.84%	-0.92%	-0.01%	18.52%	-0.14%	-0.51%	-0.82%	-5.82%
Net Income	7.33B	7.49B	8.21B	9.31B	8.12B	-7.71B	9.65B	10.76B	11.08B	12.57B
Depreciation & Amortization	2.42B	2.36B	2.59B	2.42B	3B	2.81B	2.76B	2.98B	3.18B	3.29B
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	15.99B	16.8B	17.2B	15.95B	18.4B	32.08B	14.6B	15.49B	19.66B	-50.48B
Working Capital Changes	-20.07B	-4.82B	12.19B	-24.27B	-26.12B	38.97B	29.69B	-1.53B	-28.9B	10.46B
Cash from Investing+	-6.22B	-13.76B	-4.01B	3.15B	-7.23B	-7.22B	-3.71B	-3.9B	-5.37B	-3.71B
Purchase of Investments	-82M	-9.39B	-308M	-11M	-63M	-525M	-126M	-152M	-139M	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-788M	-474M	-575M	-299M	135M	-1.16B	-134M	-50M	-389M	-63M
Other Investing	1.76B	2.08B	3.06B	11.86B	4.78B	1.67B	5.89B	4.84B	5.79B	4.84B
Cash from Financing+	8.96B	-5.75B	4.21B	-3.3B	-10.12B	-1.91B	-1.32B	-9.96B	-2.06B	-5.51B
Dividends Paid	-1.5B	-2.31B	-2.67B	-3.12B	-3.77B	0	-1.31B	-1.85B	-2.26B	-3.02B
Share Repurchases	-3.23B	-1.38B	-1.31B	-1.03B	-928M	-758M	-1.65B	-2.05B	-3.11B	-4.79B
Stock Issued	10.55B	1.6B	8.4B	989M	947M	721M	854M	573M	825M	765M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K	1000K
Other Financing	587M	661M	-1.21B	64M	-2.33B	-1.47B	-1.02B	-4.47B	-1.59B	-609M
Net Change in Cash+	7.9B	-1.3B	34.54B	2.67B	-12.6B	52.77B	56.85B	12.38B	-2.73B	-28.13B
Exchange Rate Effect	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K
Cash at Beginning	69.85B	77.75B	76.45B	111B	113.66B	101.07B	153.84B	210.69B	223.07B	220.34B
Cash at End	77.75B	76.45B	111B	113.66B	101.07B	153.84B	210.69B	223.07B	220.34B	192.21B
Interest Paid	0	0	0	0	0	0	0	0	0	61.09B
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	-3.56B	13.48B	31.2B	-8.78B	-10.75B	57.63B	45.29B	16.87B	-8.63B	-32.65B
FCF Growth %	0.76%	4.79%	1.31%	-1.28%	-0.22%	6.36%	-0.21%	-0.63%	-1.51%	-2.78%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.33%	6.16%	6.32%	7.29%	5.98%	-8.69%	8.63%	9.87%	10.98%	11.89%
Return on Assets (ROA)	0.46%	0.46%	0.48%	0.54%	0.44%	-0.58%	0.52%	0.58%	0.63%	0.69%
Net Interest Margin	2.45%	2.32%	2.37%	2.35%	2.32%	2.12%	2.09%	2.23%	2.41%	2.54%
Efficiency Ratio	38.44%	36.37%	39.62%	38.03%	40.21%	60.28%	43.04%	32.3%	25.03%	24.76%
Equity / Assets	7.37%	7.67%	7.4%	7.36%	7.27%	6.05%	6.08%	5.63%	5.8%	5.84%
Book Value / Share	6.58	6.69	6.63	6.35	6.47	5.27	5.6	5.77	6.42	6.89
NII Growth	11.05%	-5.25%	10.32%	0.13%	2.74%	-9.32%	4.3%	15.73%	12.02%	7.88%
Dividend Payout	25.11%	37.22%	40.26%	39.92%	57.91%	-	16.16%	19.24%	20.41%	23.99%

Frequently Asked Questions

Valuation & Price

Banco Santander, S.A. (SAN) has a price-to-earnings (P/E) ratio of 15.7x. This is roughly in line with market averages.

Growth & Financials

Banco Santander, S.A. (SAN) grew revenue by 6.6% over the past year. This is steady growth.

Yes, Banco Santander, S.A. (SAN) is profitable, generating $13.60B in net income for fiscal year 2024 (9.7% net margin).

Dividend & Returns

Yes, Banco Santander, S.A. (SAN) pays a dividend with a yield of 1.60%. This makes it attractive for income-focused investors.

Banco Santander, S.A. (SAN) has a return on equity (ROE) of 11.9%. This is reasonable for most industries.

Industry Metrics

Banco Santander, S.A. (SAN) has a net interest margin (NIM) of 2.5%. NIM has been under pressure due to interest rate environment.

Banco Santander, S.A. (SAN) has an efficiency ratio of 24.8%. This is excellent, indicating strong cost control.

US Stock Screener

...