Q1 2023 Financial Report
Quarterly underlying income statement
Constant € million¹
Q1'22
Q2'22
Q3'22
Q4'22
Q1'23
Net interest income
400
480
533
553
586
Net fee income
135
128
136
126
145
Gains (losses) on financial transactions
13
43
25
11
26
Other operating income
(47)
(80)
(2)
6
(28)
Total income
501
572
692
696
729
Operating expenses
(163)
(171)
(172)
(183)
(197)
Net operating income
338
401
520
513
531
Net loan-loss provisions
(62)
(136)
(89)
(150)
(151)
Other gains (losses) and provisions
(45)
(59)
(361)
(86)
(44)
Profit before tax
231
206
71
277
336
Tax on profit
(67)
(65)
(36)
(77)
(88)
Profit from continuing operations
164
141
35
200
247
Net profit from discontinued operations
Consolidated profit
164
141
35
200
247
Non-controlling interests
(54)
(47)
(12)
(66)
(81)
Profit attributable to the parent
110
94
23
134
167
Santander (1) Average exchange rate as at 3M'23.
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