Variation | ||||
9M '16 | 9M '15 | Amount | % | 2015 |
Balance sheet (€ million) Total assets | 1,329,538 | 1,320,427 | 9,111 | 0.7 | 1,340,260 |
Net customer loans | 773,290 | 777,020 | (3,729) | (0.5) | 790,848 |
Customer deposits | 667,439 | 669,255 | (1,816) | (0.3) | 683,142 |
Managed and marketed customer funds | 1,075,162 | 1,045,507 | 29,655 | 2.8 | 1,075,563 |
Total equity | 101,122 | 98,687 | 2,435 | 2.5 | 98,753 |
Total managed and marketed funds | 1,508,587 | 1,479,841 | 28,746 | 1.9 | 1,506,520 |
Underlying income statement* (€ million) | |||||
Net interest income | 22,992 | 24,302 | (1,309) | (5.4) | 32,189 |
Gross income | 32,740 | 34,378 | (1,638) | (4.8) | 45,272 |
Net operating income | 17,106 | 18,229 | (1,124) | (6.2) | 23,702 |
Underlying profit before taxes | 8,625 | 8,766 | (141) | (1.6) | 10,939 |
Underlying attributable profit to the Group | 4,975 | 5,106 | (131) | (2.6) | 6,566 |
(*).- Currency-neutral basis | |||||
Net interest income: +2.2%; Gross income: +2.7%; Net operating income: +1.4%; Attributable profit: +8.4% | |||||
Underlying EPS, profitability and efficiency (%) | |||||
EPS (euro) | 0.33 | 0.35 | (0.02) | (5.9) | 0.45 |
RoE | 7.52 | 7.49 | 7.23 | ||
RoTE | 11.19 | 11.42 | 10.99 | ||
RoA | 0.59 | 0.61 | 0.58 | ||
RoRWA | 1.37 | 1.35 | 1.30 | ||
Efficiency ratio (with amortisations) | 47.8 | 47.0 | 47.6 | ||
Solvency and NPL ratios (%) | |||||
CET1 fully-loaded | 10.47 | 9.85 | 10.05 | ||
CET1 phase-in | 12.44 | 12.39 | 12.55 | ||
NPL ratio | 4.15 | 4.50 | 4.36 | ||
Coverage ratio | 72.7 | 71.1 | 73.1 | ||
Market capitalisation and shares | |||||
Shares (millions) | 14,434 | 14,317 | 118 | 0.8 | 14,434 |
Share price (euros) | 3.947 | 4.744 | (0.797) | (16.8) | 4.558 |
Market capitalisation (€ million) | 56,973 | 67,918 | (10,945) | (16.1) | 65,792 |
Tangible book value (euro) | 4.18 | 4.10 | 4.07 | ||
Price / Tangible book value (X) | 0.94 | 1.16 | 1.12 | ||
P/E ratio (X) | 9.02 | 10.19 | 10.23 | ||
Other data | |||||
Number of shareholders | 3,920,700 | 3,209,138 | 711,562 | 22.2 | 3,573,277 |
Number of employees | 189,675 | 191,504 | (1,829) | (1.0) | 193,863 |
Number of branches | 12,391 | 12,901 | (510) | (4.0) | 13,030 |
Information on total profit ** | |||||
Attributable profit to the Group (€ million) | 4,606 | 5,941 | (1,335) | (22.5) | 5,966 |
EPS (euro) | 0.30 | 0.41 | (0.11) | (25.9) | 0.40 |
RoE | 7.10 | 8.41 | 6.57 | ||
RoTE | 10.57 | 12.82 | 9.99 | ||
RoA | 0.57 | 0.68 | 0.54 | ||
RoRWA | 1.31 | 1.51 | 1.20 | ||
P/E ratio (X) | 9.78 | 8.71 | 11.30 |
(*).- Excluding non-recurring net capital gains and provisions (9M'16: -€368 million; 9M'15: €835 million; 2015: -€600 million) (**).- Including non-recurring net capital gains and provisions (9M'16: -€368 million; 9M'15: €835 million; 2015: -€600 million)
Note: The financial information in this report was approved by the Executive Committee of Board of Directors at its meeting on October, 24 2016, following a favourable report from the Audit Committee on October, 20 2016.
€ million | ||||
Variation | ||||
9M '16 | 9M '15 | Amount | % | |
Net interest income | 22,992 | 24,302 | (1,309) | (5.4) |
Net fee income | 7,543 | 7,584 | (42) | (0.5) |
Gains (losses) on financial transactions | 1,311 | 1,702 | (391) | (23.0) |
Other operating income | 894 | 790 | 104 | 13.2 |
Dividends | 289 | 347 | (58) | (16.8) |
Income from equity-accounted method | 314 | 293 | 21 | 7.1 |
Other operating income/expenses | 291 | 149 | 142 | 94.8 |
Gross income | 32,740 | 34,378 | (1,638) | (4.8) |
Operating expenses | (15,634) | (16,149) | 514 | (3.2) |
General administrative expenses | (13,896) | (14,342) | 446 | (3.1) |
Personnel | (8,121) | (8,308) | 187 | (2.3) |
Other general administrative expenses | (5,775) | (6,034) | 259 | (4.3) |
Depreciation and amortisation | (1,738) | (1,806) | 68 | (3.8) |
Net operating income | 17,106 | 18,229 | (1,124) | (6.2) |
Net loan-loss provisions | (7,112) | (7,550) | 438 | (5.8) |
Impairment losses on other assets | (88) | (247) | 159 | (64.4) |
Other income | (1,280) | (1,666) | 385 | (23.1) |
Underlying profit before taxes | 8,625 | 8,766 | (141) | (1.6) |
Tax on profit | (2,684) | (2,649) | (35) | 1.3 |
Underlying profit from continuing operations | 5,942 | 6,117 | (176) | (2.9) |
Net profit from discontinued operations | 0 | - | 0 | - |
Underlying consolidated profit | 5,942 | 6,117 | (176) | (2.9) |
Minority interests | 967 | 1,011 | (44) | (4.4) |
Underlying attributable profit to the Group | 4,975 | 5,106 | (131) | (2.6) |
Net capital gains and provisions* | (368) | 835 | (1,203) | - |
Attributable profit to the Group | 4,606 | 5,941 | (1,335) | (22.5) |
Underlying EPS (euros) | 0.33 | 0.35 | (0.02) | (5.9) |
Underlying diluted EPS (euros) | 0.33 | 0.35 | (0.02) | (5.7) |
EPS (euros) | 0.30 | 0.41 | (0.11) | (25.9) |
Diluted EPS (euros) | 0.30 | 0.41 | (0.10) | (25.7) |
Pro memoria: | ||||
Average total assets | 1,335,554 | 1,340,924 | (5,370) | (0.4) |
Average stockholders' equity | 88,235 | 90,861 | (2,627) | (2.9) |
(*).- In 9M'16, capital gains from the disposal of the stake in Visa Europe (€227 million), restructuring costs (-€475 million) and contribution to the SRF (-
€120 million). In 9M'15, net result of the reversal of tax liabilities in Brazil (€835 million).
Quarterly income statement | |||||||
€ million | |||||||
1Q 15 | 2Q 15 | 3Q 15 | 4Q 15 | 1Q 16 | 2Q 16 | 3Q 16 | |
Net interest income | 8,038 | 8,281 | 7,983 | 7,888 | 7,624 | 7,570 | 7,798 |
Net fee income | 2,524 | 2,586 | 2,474 | 2,448 | 2,397 | 2,549 | 2,597 |
Gains (losses) on financial transactions | 695 | 372 | 634 | 684 | 504 | 366 | 440 |
Other operating income | 186 | 379 | 225 | (126) | 204 | 445 | 245 |
Dividends | 33 | 239 | 75 | 107 | 44 | 209 | 37 |
Income from equity-accounted method | 99 | 101 | 93 | 82 | 83 | 112 | 119 |
Other operating income/expenses | 53 | 39 | 57 | (315) | 78 | 124 | 90 |
Gross income | 11,444 | 11,618 | 11,316 | 10,894 | 10,730 | 10,929 | 11,080 |
Operating expenses | (5,377) | (5,429) | (5,342) | (5,422) | (5,158) | (5,227) | (5,250) |
General administrative expenses | (4,785) | (4,826) | (4,731) | (4,810) | (4,572) | (4,632) | (4,692) |
Personnel | (2,755) | (2,836) | (2,717) | (2,799) | (2,683) | (2,712) | (2,726) |
Other general administrative expenses | (2,030) | (1,989) | (2,015) | (2,011) | (1,889) | (1,920) | (1,966) |
Depreciation and amortisation | (592) | (603) | (611) | (612) | (586) | (595) | (558) |
Net operating income | 6,067 | 6,189 | 5,974 | 5,472 | 5,572 | 5,703 | 5,831 |
Net loan-loss provisions | (2,563) | (2,508) | (2,479) | (2,558) | (2,408) | (2,205) | (2,499) |
Impairment losses on other assets | (60) | (78) | (110) | (215) | (44) | (29) | (16) |
Other income | (454) | (605) | (606) | (526) | (389) | (515) | (376) |
Underlying profit before taxes | 2,990 | 2,998 | 2,778 | 2,173 | 2,732 | 2,954 | 2,940 |
Tax on profit | (922) | (939) | (787) | (471) | (810) | (970) | (904) |
Underlying profit from continuing operations | 2,067 | 2,059 | 1,991 | 1,702 | 1,922 | 1,984 | 2,036 |
Net profit from discontinued operations | 0 | 0 | (0) | - | - | 0 | (0) |
Underlying consolidated profit | 2,067 | 2,059 | 1,991 | 1,702 | 1,922 | 1,984 | 2,036 |
Minority interests | 350 | 350 | 311 | 242 | 288 | 338 | 341 |
Underlying attributable profit to the Group | 1,717 | 1,709 | 1,680 | 1,460 | 1,633 | 1,646 | 1,695 |
Net capital gains and provisions* | - | 835 | - | (1,435) | - | (368) | - |
Attributable profit to the Group | 1,717 | 2,544 | 1,680 | 25 | 1,633 | 1,278 | 1,695 |
Underlying EPS (euros) | 0.12 | 0.12 | 0.11 | 0.10 | 0.11 | 0.11 | 0.11 |
Underlying diluted EPS (euros) | 0.12 | 0.12 | 0.11 | 0.10 | 0.11 | 0.11 | 0.11 |
EPS (euros) | 0.12 | 0.18 | 0.11 | (0.01) | 0.11 | 0.08 | 0.11 |
Diluted EPS (euros) | 0.12 | 0.17 | 0.11 | (0.01) | 0.11 | 0.08 | 0.11 |
(*).- Including | |||||||
- In 2Q'16, capital gains from the disposal of the stake in Visa Europe (€227 million), restructuring costs (-€475 million) and contribution to the Single Resolution Fund (-€120 million). | |||||||
- In 4Q'15, Banif's badwill in Portugal (€283 million), PPI (-€600 million), impairment of intangible assets (€683 million) and goodwill and other assets (-€435 million) | |||||||
- In 2Q'15, net result of the reversal of tax liabilities in Brazil (€835 million). |
€ million (currency-neutral basis)
Variation 9M '16 9M '15 Amount %Net interest income | 22,992 | 22,508 | 485 | 2.2 |
Net fee income | 7,543 | 6,982 | 561 | 8.0 |
Gains (losses) on financial transactions | 1,311 | 1,606 | (296) | (18.4) |
Other operating income | 894 | 793 | 102 | 12.8 |
Dividends | 289 | 339 | (50) | (14.7) |
Income from equity-accounted method | 314 | 266 | 48 | 18.1 |
Other operating income/expenses | 291 | 187 | 103 | 55.2 |
Gross income | 32,740 | 31,889 | 851 | 2.7 |
Operating expenses | (15,634) | (15,018) | (616) | 4.1 |
General administrative expenses | (13,896) | (13,308) | (588) | 4.4 |
Personnel | (8,121) | (7,754) | (367) | 4.7 |
Other general administrative expenses | (5,775) | (5,554) | (221) | 4.0 |
Depreciation and amortisation | (1,738) | (1,710) | (28) | 1.7 |
Net operating income | 17,106 | 16,871 | 235 | 1.4 |
Net loan-loss provisions | (7,112) | (7,077) | (35) | 0.5 |
Impairment losses on other assets | (88) | (238) | 150 | (63.0) |
Other income | (1,280) | (1,566) | 286 | (18.2) |
Underlying profit before taxes | 8,625 | 7,990 | 635 | 7.9 |
Tax on profit | (2,684) | (2,450) | (234) | 9.5 |
Underlying profit from continuing operations | 5,942 | 5,540 | 401 | 7.2 |
Net profit from discontinued operations | 0 | - | 0 | - |
Underlying consolidated profit | 5,942 | 5,540 | 402 | 7.2 |
Minority interests | 967 | 951 | 16 | 1.7 |
Underlying attributable profit to the Group | 4,975 | 4,589 | 386 | 8.4 |
Net capital gains and provisions* | (368) | 835 | (1,203) | - |
Attributable profit to the Group | 4,606 | 5,424 | (818) | (15.1) |
(*).- In 9M'16, capital gains from the disposal of the stake in Visa Europe (€227 million), restructuring costs (-€475 million) and contribution to the SRF (-
€120 million). In 9M'15, net result of the reversal of tax liabilities in Brazil (€835 million).
Banco Santander SA published this content on 26 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 October 2016 05:26:02 UTC.
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