Banco Santander SA ADR (SAN) - Net Assets
Based on the latest financial reports, Banco Santander SA ADR (SAN) has net assets worth $112.70 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.87 Trillion) and total liabilities ($1.75 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SAN asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $112.70 Billion |
| % of Total Assets | 6.04% |
| Annual Growth Rate | 11.83% |
| 5-Year Change | 16.12% |
| 10-Year Change | 9.74% |
| Growth Volatility | 53.77 |
Banco Santander SA ADR - Net Assets Trend (1991–2025)
This chart illustrates how Banco Santander SA ADR's net assets have evolved over time, based on quarterly financial data. Also explore Banco Santander SA ADR assets under control for the complete picture of this company's asset base.
Annual Net Assets for Banco Santander SA ADR (1991–2025)
The table below shows the annual net assets of Banco Santander SA ADR from 1991 to 2025. For live valuation and market cap data, see SAN market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $112.70 Billion | +5.01% |
| 2024-12-31 | $107.33 Billion | +2.96% |
| 2023-12-31 | $104.24 Billion | +6.82% |
| 2022-12-31 | $97.58 Billion | +0.55% |
| 2021-12-31 | $97.05 Billion | +6.28% |
| 2020-12-31 | $91.32 Billion | -17.47% |
| 2019-12-31 | $110.66 Billion | +3.07% |
| 2018-12-31 | $107.36 Billion | +0.49% |
| 2017-12-31 | $106.83 Billion | +4.03% |
| 2016-12-31 | $102.70 Billion | +4.00% |
| 2015-12-31 | $98.75 Billion | +10.08% |
| 2014-12-31 | $89.71 Billion | +12.65% |
| 2013-12-31 | $79.64 Billion | -1.93% |
| 2012-12-31 | $81.21 Billion | +0.49% |
| 2011-12-31 | $80.81 Billion | -0.12% |
| 2010-12-31 | $80.92 Billion | +9.54% |
| 2009-12-31 | $73.87 Billion | +23.11% |
| 2008-12-31 | $60.00 Billion | +4.24% |
| 2007-12-31 | $57.56 Billion | +37.00% |
| 2006-12-31 | $42.01 Billion | +6.31% |
| 2005-12-31 | $39.52 Billion | +8.27% |
| 2004-12-31 | $36.50 Billion | -65.53% |
| 2003-12-31 | $105.90 Billion | +288.84% |
| 2002-12-31 | $27.23 Billion | -10.22% |
| 2001-12-31 | $30.33 Billion | +3.54% |
| 2000-12-31 | $29.30 Billion | +75.11% |
| 1999-12-31 | $16.73 Billion | +6.00% |
| 1998-12-31 | $15.78 Billion | +99.42% |
| 1997-12-31 | $7.91 Billion | +33.79% |
| 1996-12-31 | $5.92 Billion | -1.74% |
| 1995-12-31 | $6.02 Billion | +10.64% |
| 1994-12-31 | $5.44 Billion | +51.30% |
| 1993-12-31 | $3.60 Billion | +24.75% |
| 1992-12-31 | $2.88 Billion | +14.61% |
| 1991-12-31 | $2.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Banco Santander SA ADR's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7304.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $104.32 Billion | 101.16% |
| Common Stock | $7.34 Billion | 7.12% |
| Other Comprehensive Income | $-37.68 Billion | -36.54% |
| Other Components | $29.15 Billion | 28.27% |
| Total Equity | $103.13 Billion | 100.00% |
Banco Santander SA ADR Competitors by Market Cap
The table below lists competitors of Banco Santander SA ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The TJX Companies Inc
NYSE:TJX
|
$171.90 Billion |
|
The Boeing Company
NYSE:BA
|
$172.93 Billion |
|
Verizon Communications Inc.
F:BAC
|
$174.74 Billion |
|
Amphenol Corporation
NYSE:APH
|
$174.92 Billion |
|
Verizon Communications Inc
NYSE:VZ
|
$164.48 Billion |
|
Industria de Diseno Textil SA
MC:ITX
|
$164.36 Billion |
|
Gilead Sciences Inc
NASDAQ:GILD
|
$163.34 Billion |
|
Charles Schwab Corp
NYSE:SCHW
|
$162.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Banco Santander SA ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 98,601,000,000 to 103,126,090,000, a change of 4,525,090,000 (4.6%).
- Net income of 14,101,000,000 contributed positively to equity growth.
- Dividend payments of 3,341,000,000 reduced retained earnings.
- Share repurchases of 4,081,000,000 reduced equity.
- New share issuances of 815,000,000 increased equity.
- Other comprehensive income increased equity by 6,418,046,000.
- Other factors decreased equity by 9,386,956,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $14.10 Billion | +13.67% |
| Dividends Paid | $3.34 Billion | -3.24% |
| Share Repurchases | $4.08 Billion | -3.96% |
| Share Issuances | $815.00 Million | +0.79% |
| Other Comprehensive Income | $6.42 Billion | +6.22% |
| Other Changes | $-9.39 Billion | -9.1% |
| Total Change | $- | 4.59% |
Book Value vs Market Value Analysis
This analysis compares Banco Santander SA ADR's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.84x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.82x to 1.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $1.01 | $11.89 | x |
| 1992-12-31 | $1.08 | $11.89 | x |
| 1993-12-31 | $1.29 | $11.89 | x |
| 1994-12-31 | $1.63 | $11.89 | x |
| 1995-12-31 | $1.60 | $11.89 | x |
| 1996-12-31 | $1.44 | $11.89 | x |
| 1997-12-31 | $1.75 | $11.89 | x |
| 1998-12-31 | $2.09 | $11.89 | x |
| 1999-12-31 | $3.31 | $11.89 | x |
| 2000-12-31 | $4.40 | $11.89 | x |
| 2001-12-31 | $4.71 | $11.89 | x |
| 2002-12-31 | $5.28 | $11.89 | x |
| 2003-12-31 | $19.71 | $11.89 | x |
| 2004-12-31 | $5.98 | $11.89 | x |
| 2005-12-31 | $5.61 | $11.89 | x |
| 2006-12-31 | $5.35 | $11.89 | x |
| 2007-12-31 | $7.26 | $11.89 | x |
| 2008-12-31 | $7.12 | $11.89 | x |
| 2009-12-31 | $7.21 | $11.89 | x |
| 2010-12-31 | $7.76 | $11.89 | x |
| 2011-12-31 | $7.87 | $11.89 | x |
| 2012-12-31 | $6.88 | $11.89 | x |
| 2013-12-31 | $6.11 | $11.89 | x |
| 2014-12-31 | $6.41 | $11.89 | x |
| 2015-12-31 | $5.87 | $11.89 | x |
| 2016-12-31 | $5.93 | $11.89 | x |
| 2017-12-31 | $5.86 | $11.89 | x |
| 2018-12-31 | $5.71 | $11.89 | x |
| 2019-12-31 | $5.85 | $11.89 | x |
| 2020-12-31 | $4.71 | $11.89 | x |
| 2021-12-31 | $5.02 | $11.89 | x |
| 2022-12-31 | $5.27 | $11.89 | x |
| 2023-12-31 | $5.87 | $11.89 | x |
| 2024-12-31 | $6.33 | $11.89 | x |
| 2025-12-31 | $6.47 | $11.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Banco Santander SA ADR utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.76%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 18.10x
- Recent ROE (13.67%) is above the historical average (11.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 26.76% | 17.16% | 0.07x | 21.94x | $344.22 Million |
| 1992 | 19.30% | 7.01% | 0.12x | 23.00x | $205.52 Million |
| 1993 | 15.81% | 6.22% | 0.10x | 24.87x | $153.01 Million |
| 1994 | 16.46% | 7.74% | 0.09x | 24.80x | $242.77 Million |
| 1995 | 15.57% | 5.85% | 0.11x | 25.16x | $233.35 Million |
| 1996 | 19.63% | 6.00% | 0.10x | 32.05x | $362.14 Million |
| 1997 | 24.64% | 16.35% | 0.04x | 38.88x | $586.75 Million |
| 1998 | 23.20% | 16.85% | 0.03x | 46.06x | $675.30 Million |
| 1999 | 16.13% | 12.82% | 0.05x | 26.25x | $599.30 Million |
| 2000 | 10.81% | 14.95% | 0.04x | 16.71x | $170.26 Million |
| 2001 | 10.88% | 13.58% | 0.05x | 15.68x | $201.95 Million |
| 2002 | 10.61% | 13.11% | 0.05x | 15.31x | $130.04 Million |
| 2003 | 2.59% | 16.73% | 0.04x | 3.50x | $-7.44 Billion |
| 2004 | 7.57% | 16.73% | 0.02x | 19.31x | $-835.23 Million |
| 2005 | 16.95% | 18.52% | 0.04x | 22.05x | $2.55 Billion |
| 2006 | 15.64% | 13.97% | 0.06x | 20.32x | $2.24 Billion |
| 2007 | 16.41% | 15.57% | 0.06x | 16.54x | $3.54 Billion |
| 2008 | 15.41% | 13.01% | 0.07x | 18.23x | $3.12 Billion |
| 2009 | 13.02% | 13.23% | 0.06x | 16.17x | $2.08 Billion |
| 2010 | 10.91% | 12.24% | 0.05x | 16.23x | $679.20 Million |
| 2011 | 6.98% | 7.14% | 0.06x | 16.37x | $-2.31 Billion |
| 2012 | 3.07% | 2.98% | 0.06x | 17.68x | $-4.97 Billion |
| 2013 | 5.91% | 6.32% | 0.06x | 15.81x | $-2.88 Billion |
| 2014 | 7.20% | 8.40% | 0.05x | 15.67x | $-2.26 Billion |
| 2015 | 6.78% | 8.32% | 0.05x | 15.22x | $-2.84 Billion |
| 2016 | 6.82% | 8.89% | 0.05x | 14.73x | $-2.89 Billion |
| 2017 | 7.01% | 9.28% | 0.05x | 15.29x | $-2.83 Billion |
| 2018 | 8.10% | 11.21% | 0.05x | 15.13x | $-1.84 Billion |
| 2019 | 6.51% | 8.98% | 0.05x | 15.22x | $-3.49 Billion |
| 2020 | -10.77% | -14.50% | 0.04x | 18.51x | $-16.92 Billion |
| 2021 | 9.35% | 13.21% | 0.04x | 18.36x | $-569.00 Million |
| 2022 | 10.78% | 11.04% | 0.05x | 19.47x | $694.60 Million |
| 2023 | 11.61% | 9.09% | 0.07x | 18.83x | $1.53 Billion |
| 2024 | 12.75% | 9.68% | 0.07x | 18.63x | $2.71 Billion |
| 2025 | 13.67% | 11.76% | 0.06x | 18.10x | $3.79 Billion |
Industry Comparison
This section compares Banco Santander SA ADR's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $1,641,688,002,153
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Banco Santander SA ADR (SAN) | $112.70 Billion | 26.76% | 15.56x | $167.40 Billion |
| Bank of America Corp (BAC) | $231.44 Billion | 2.71% | 8.64x | $349.79 Billion |
| Banco Bilbao Viscaya Argentaria SA ADR (BBVA) | $20.47 Billion | 10.86% | 13.00x | $122.53 Billion |
| The Bank of New York Mellon Corporation (BK) | $7.65 Billion | 18.67% | 9.08x | $80.26 Billion |
| Citigroup Inc (C) | $202.27 Billion | -3.36% | 8.11x | $223.34 Billion |
| ING Group NV ADR (ING) | $36.13 Billion | 13.66% | 12.68x | $80.23 Billion |
| JPMorgan Chase & Co (JPM) | $294.13 Billion | 16.43% | 11.73x | $838.59 Billion |
| Mitsubishi UFJ Financial Group Inc ADR (MUFG) | $3.20 Trillion | 1.11% | 21.48x | $194.79 Billion |
| Bank of N.T. Butterfield & Son Ltd (NTB) | $394.93 Million | 19.37% | 18.45x | $2.20 Billion |
| Sumitomo Mitsui Financial Group Inc (SMFG) | $10.78 Trillion | 6.53% | 19.39x | $130.14 Billion |
About Banco Santander SA ADR
Banco Santander, S.A. provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide. The company operates through five segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. It offers demand and time deposits, mutual funds, an… Read more