SAN - Banco Santander GAAP EPS of Euro0.15 net interest income of Euro10.4B

2023-04-25 03:55:49 ET

• Banco Santander press release ( NYSE: SAN ): Q1 GAAP EPS of €0.15.
• Net interest income of €10.4B (+17.4% Y/Y).
• Total income of €13.92B, up 13% Y/Y.
• RoTE was 14.4% (15.3%, not annualizing the temporary levy), compared to 14.2% in first quarter of 2022.
• The efficiency ratio improved 0.9 pp compared to Q1 2022, driven mainly by Europe which decreased 6 pp.
• Total customers amounted to 161 million, 9 million more than in March 2022.
• Active customers reached 99 million, increasing by more than 2 million in the last 12 months.
• The NPL ratio stood at 3.05%, 21 bps lower than Q1 2022, mainly due to the good performance in Europe, Mexico and Digital Consumer Bank.
• Total loan-loss reserves reached €23,388 million, resulting in a total coverage ratio of impaired assets of 68%.
• The fully-loaded CET1 ratio was 12.2%.

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