2022 Earnings Presentation
Quarterly income statement
Constant € million'
Q1'21
Q2'21
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
Net interest income
2,164
2,253
2,368
2,462
2,311
2,197
2,188
2,205
Net fee income
769
821
791
826
801
830
789
876
Gains (losses) on financial transactions
154
91
139
57
97
245
211
184
Other operating income
(22)
(17)
(22)
(50)
47
(10)
(1)
(59)
Total income
3,066
3,149
3,275
3,295
3,256
3,263
3,186
3,205
Operating expenses
(879)
(916)
(983)
(1,025)
(1,003)
(987)
(1,030)
(1,160)
Net operating income
2,186
2,233
2,292
2,270
2,253
2,276
2,156
2,045
Net loan-loss provisions
(668)
(794)
(864)
(866)
(919)
(1,136)
(1,122)
(1,240)
Other gains (losses) and provisions
(117)
(32)
(102)
(121)
(123)
(37)
(20)
(78)
Underlying profit before tax
1,402
1,407
1,326
1,284
1,212
1,102
1,014
727
Tax on profit
(644)
(605)
(586)
(548)
(456)
(309)
(297)
(170)
Underlying profit from continuing operations
758
803
740
735
755
794
716
557
Net profit from discontinued operations
Underlying consolidated profit
758
803
740
735
755
794
716
557
Non-controlling interests
(76)
(77)
(83)
(73)
(79)
(79)
(74)
(47)
Underlying attributable profit to the parent
682
726
657
662
677
715
643
510
Santander (1) Average exchange rate as at 12M'22.
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