Banco Santander S A : 2016 - Charts

Variation
2016	2015	Amount	%	2014

Key consolidated data

Balance sheet (€ million) Total assets	1,339,125	1,340,260	(1,135)	(0.1)	1,266,296
Net customer loans	790,470	790,848	(378)	(0.0)	734,711
Customer deposits	691,112	683,142	7,970	1.2	647,706
Managed and marketed customer funds	1,102,488	1,075,563	26,926	2.5	1,023,189
Total equity	102,699	98,753	3,946	4.0	89,714
Total managed and marketed funds	1,521,633	1,506,520	15,112	1.0	1,428,083
Income statement (€ million)
Net interest income	31,089	32,189	(1,101)	(3.4)	29,548
Gross income	43,853	45,272	(1,419)	(3.1)	42,612
Net operating income	22,766	23,702	(936)	(3.9)	22,574
Underlying profit before taxes	11,288	10,939	349	3.2	9,720
Underlying attributable profit to the Group	6,621	6,566	55	0.8	5,816
Attributable profit to the Group	6,204	5,966	238	4.0	5,816

(*).- Change in constant euro

Net interest income: +2.3%; Gross income: +2.5%; Net operating income: +1.6%; Underlying attributable profit: +10.5%; Attributable profit: +15.1%

EPS, profitability and efficiency (%) EPS (euro)	0.41	0.40	0.00	1.0	0.48
RoE	6.99	6.57	7.05
Underlying RoTE*	11.08	10.99	10.95
RoTE	10.38	9.99	10.95
RoA	0.56	0.54	0.58
Underlying RoRWA*	1.36	1.30	1.27
RoRWA	1.29	1.20	1.27
Efficiency ratio (with amortisations)	48.1	47.6	47.0
Solvency and NPL ratios (%) CET1 fully-loaded	10.55	10.05	9.65
CET1 phase-in	12.53	12.55	12.23
NPL ratio	3.93	4.36	5.19
Coverage ratio	73.8	73.1	67.2
Market capitalisation and shares Shares (millions)	14,582	14,434	148	1.0	12,584
Share price (euros)	4.959	4.558	0.401	8.8	6.996
Market capitalisation (€ million)	72,314	65,792	6,521	9.9	88,041
Tangible book value (euro)	4.22	4.07	4.01
Price / Tangible book value (X)	1.17	1.12	1.75
P/E ratio (X)	12.18	11.30	14.59
Other data
Number of shareholders	3,928,950	3,573,277	355,673	10.0	3,240,395
Number of employees	188,492	193,863	(5,371)	(2.8)	185,405
Number of branches	12,235	13,030	(795)	(6.1)	12,951

(*).- Excluding non-recurring net capital gains and provisionS

Note: RoE, RoTE and CET1 2014, pro-forma taking into account the January 2015 capital increase

Note: The financial information in this report has not been audited, but it was approved by the Board of Directors at its meeting on January, 24 2017, following a favourable report from the Audit Committee on January, 18 2017. The Audit Committee verified that the information for 2016 was based on the same principles and practices as those used to draw up the annual financial statements.

€ million
Variation
2016	2015	Amount	%
Net interest income	31,089	32,189	(1,101)	(3.4)
Net fee income	10,180	10,033	147	1.5
Gains (losses) on financial transactions	1,723	2,386	(663)	(27.8)
Other operating income	862	665	197	29.7
Dividends	413	455	(41)	(9.1)
Income from equity-accounted method	444	375	69	18.3
Other operating income/expenses	5	(165)	170	-
Gross income	43,853	45,272	(1,419)	(3.1)
Operating expenses	(21,088)	(21,571)	483	(2.2)
General administrative expenses	(18,723)	(19,152)	429	(2.2)
Personnel	(10,997)	(11,107)	110	(1.0)
Other general administrative expenses	(7,727)	(8,045)	318	(4.0)
Depreciation and amortisation	(2,364)	(2,419)	54	(2.3)
Net operating income	22,766	23,702	(936)	(3.9)
Net loan-loss provisions	(9,518)	(10,108)	590	(5.8)
Impairment losses on other assets	(247)	(462)	215	(46.5)
Other income	(1,712)	(2,192)	480	(21.9)
Underlying profit before taxes	11,288	10,939	349	3.2
Tax on profit	(3,396)	(3,120)	(276)	8.9
Underlying profit from continuing operations	7,892	7,819	73	0.9
Net profit from discontinued operations	0	-	0	-
Underlying consolidated profit	7,893	7,819	73	0.9
Minority interests	1,272	1,253	18	1.5
Underlying attributable profit to the Group	6,621	6,566	55	0.8
Net capital gains and provisions*	(417)	(600)	183	(30.5)
Attributable profit to the Group	6,204	5,966	238	4.0
Underlying EPS (euros)	0.44	0.45	(0.01)	(2.1)
Underlying diluted EPS (euros)	0.43	0.44	(0.01)	(2.3)
EPS (euros)	0.41	0.40	0.00	1.0
Diluted EPS (euros)	0.41	0.40	0.00	0.9
Pro memoria:
Average total assets	1,337,661	1,345,657	(7,996)	(0.6)
Average stockholders' equity	88,744	90,798	(2,054)	(2.3)

(*).- In 2016, capital gains from the disposal of the stake in Visa Europe (€227 million), restructuring costs (-€475 million), PPI (-€137 million) and restatement of Santander Consumer USA (-€32 million). In 2015, net result of the reversal of tax liabilities in Brazil (€835 million), Banif's badwill in Portugal (€283 million), PPI (-€600 million), impairment of intangible assets (-€683 million) and goodwill and other assets (-€435 million).

Quarterly income statement
€ million
1Q 15	2Q 15	3Q 15	4Q 15	1Q 16	2Q 16	3Q 16	4Q 16
Net interest income	8,038	8,281	7,983	7,888	7,624	7,570	7,798	8,096
Net fee income	2,524	2,586	2,474	2,448	2,397	2,549	2,597	2,637
Gains (losses) on financial transactions	695	372	634	684	504	366	440	412
Other operating income	186	379	225	(126)	204	445	245	(32)
Dividends	33	239	75	107	44	209	37	124
Income from equity-accounted method	99	101	93	82	83	112	119	130
Other operating income/expenses	53	39	57	(315)	78	124	90	(286)
Gross income	11,444	11,618	11,316	10,894	10,730	10,929	11,080	11,113
Operating expenses	(5,377)	(5,429)	(5,342)	(5,422)	(5,158)	(5,227)	(5,250)	(5,453)
General administrative expenses	(4,785)	(4,826)	(4,731)	(4,810)	(4,572)	(4,632)	(4,692)	(4,828)
Personnel	(2,755)	(2,836)	(2,717)	(2,799)	(2,683)	(2,712)	(2,726)	(2,876)
Other general administrative expenses	(2,030)	(1,989)	(2,015)	(2,011)	(1,889)	(1,920)	(1,966)	(1,952)
Depreciation and amortisation	(592)	(603)	(611)	(612)	(586)	(595)	(558)	(626)
Net operating income	6,067	6,189	5,974	5,472	5,572	5,703	5,831	5,660
Net loan-loss provisions	(2,563)	(2,508)	(2,479)	(2,558)	(2,408)	(2,205)	(2,499)	(2,406)
Impairment losses on other assets	(60)	(78)	(110)	(215)	(44)	(29)	(16)	(159)
Other income	(454)	(605)	(606)	(526)	(389)	(515)	(376)	(432)
Underlying profit before taxes	2,990	2,998	2,778	2,173	2,732	2,954	2,940	2,663
Tax on profit	(922)	(939)	(787)	(471)	(810)	(970)	(904)	(712)
Underlying profit from continuing operations	2,067	2,059	1,991	1,702	1,922	1,984	2,036	1,951
Net profit from discontinued operations	0	0	(0)	-	-	0	(0)	0
Underlying consolidated profit	2,067	2,059	1,991	1,702	1,922	1,984	2,036	1,951
Minority interests	350	350	311	242	288	338	341	305
Underlying attributable profit to the Group	1,717	1,709	1,680	1,460	1,633	1,646	1,695	1,646
Net capital gains and provisions*	-	835	-	(1,435)	-	(368)	-	(49)
Attributable profit to the Group	1,717	2,544	1,680	25	1,633	1,278	1,695	1,598
Underlying EPS (euros)	0.12	0.12	0.11	0.10	0.11	0.11	0.11	0.11
Underlying diluted EPS (euros)	0.12	0.12	0.11	0.10	0.11	0.11	0.11	0.11
EPS (euros)	0.12	0.18	0.11	(0.01)	0.11	0.08	0.11	0.10
Diluted EPS (euros)	0.12	0.17	0.11	(0.01)	0.11	0.08	0.11	0.10
(*).- Including
- In 4Q'16, PPI UK (-€137 million), restatement of Santander Consumer USA (-€32 million) and the SRF contribution (€120 million), recorded in 2Q'16, was reallocated to other operating income/expenses.
- 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).

Constant € million

Variation 2016 2015 Amount %

Net interest income	31,089	30,400	689	2.3
Net fee income	10,180	9,417	762	8.1
Gains (losses) on financial transactions	1,723	2,267	(544)	(24.0)
Other operating income	862	683	179	26.1
Dividends	413	448	(35)	(7.7)
Income from equity-accounted method	444	352	92	26.0
Other operating income/expenses	5	(117)	121	-
Gross income	43,853	42,768	1,085	2.5
Operating expenses	(21,088)	(20,368)	(720)	3.5
General administrative expenses	(18,723)	(18,055)	(668)	3.7
Personnel	(10,997)	(10,526)	(471)	4.5
Other general administrative expenses	(7,727)	(7,529)	(197)	2.6
Depreciation and amortisation	(2,364)	(2,313)	(51)	2.2
Net operating income	22,766	22,400	366	1.6
Net loan-loss provisions	(9,518)	(9,722)	205	(2.1)
Impairment losses on other assets	(247)	(454)	207	(45.6)
Other income	(1,712)	(2,114)	402	(19.0)
Underlying profit before taxes	11,288	10,109	1,179	11.7
Tax on profit	(3,396)	(2,919)	(477)	16.4
Underlying profit from continuing operations	7,892	7,190	702	9.8
Net profit from discontinued operations	0	-	0	-
Underlying consolidated profit	7,893	7,190	702	9.8
Minority interests	1,272	1,198	74	6.2
Underlying attributable profit to the Group	6,621	5,992	629	10.5
Net capital gains and provisions*	(417)	(600)	183	(30.5)
Attributable profit to the Group	6,204	5,392	812	15.1

(*).- In 2016, capital gains from the disposal of the stake in Visa Europe (€227 million), restructuring costs (-€475 million), PPI (-€137 million) and restatement of Santander Consumer USA (-€32 million). In 2015, net result of the reversal of tax liabilities in Brazil (€835 million), Banif's badwill in Portugal (€283 million), PPI (-€600 million), impairment of intangible assets (-€683 million) and goodwill and other assets (-€435 million).