Financial Performance Update Q3'22

Total income increased 2% YoY underpinned by net fee income and gains on financial transactions. Lower fees and gains on financial transactions QoQ from high levels in Q2 Total income (Constant € mn)1 3,264 3,283 3,244 3,251 3,175 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 9M'22 9M'21 YoY (%) QoQ (%) Net interest income 6,672 6,761 -1.3 -0.4 Net fee income 2,412 2,372 1.7 -5.0 Customer revenue 9,084 9,133 -0.5 -1.7 Other² 587 323 81.8 -10.4 Total income 9,671 9,456 2.3 -2.3 (1) Average exchange rate as at 9M'22. Santander (2) Other includes Gains (losses) on financial transactions and Other operating income. 16

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