Banco Santander S.A
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
Banco Santander S.A (BCDRF) - Net Assets
Latest net assets as of December 2025: $112.71 Billion USD
Based on the latest financial reports, Banco Santander S.A (BCDRF) has net assets worth $112.71 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $112.71 Billion |
| % of Total Assets | 6.04% |
| Annual Growth Rate | 11.83% |
| 5-Year Change | 16.13% |
| 10-Year Change | 9.74% |
| Growth Volatility | 478.49 |
Banco Santander S.A - Net Assets Trend (1991–2025)
This chart illustrates how Banco Santander S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Banco Santander S.A (1991–2025)
The table below shows the annual net assets of Banco Santander S.A from 1991 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $112.71 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 | +12.28% |
| 2013-12-31 | $79.90 Billion | -5.25% |
| 2012-12-31 | $84.33 Billion | +1.77% |
| 2011-12-31 | $82.86 Billion | +2.40% |
| 2010-12-31 | $80.91 Billion | +9.53% |
| 2009-12-31 | $73.87 Billion | +23.11% |
| 2008-12-31 | $60.00 Billion | +4.25% |
| 2007-12-31 | $57.56 Billion | -91.31% |
| 2006-12-31 | $662.63 Billion | +0.00% |
| 2005-12-31 | $662.63 Billion | +1715.41% |
| 2004-12-31 | $36.50 Billion | -89.26% |
| 2003-12-31 | $339.97 Billion | +47.91% |
| 2002-12-31 | $229.86 Billion | -8.07% |
| 2001-12-31 | $250.04 Billion | +5.65% |
| 2000-12-31 | $236.68 Billion | +5.38% |
| 1999-12-31 | $224.60 Billion | +60.03% |
| 1998-12-31 | $140.35 Billion | -2.10% |
| 1997-12-31 | $143.36 Billion | +29.22% |
| 1996-12-31 | $110.94 Billion | +12.90% |
| 1995-12-31 | $98.27 Billion | +13.58% |
| 1994-12-31 | $86.52 Billion | +2305.34% |
| 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 S.A'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 7304.6% 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 | $-37.69 Billion | -36.54% |
| Other Components | $29.15 Billion | 28.27% |
| Total Equity | $103.13 Billion | 100.00% |
Banco Santander S.A Competitors by Market Cap
The table below lists competitors of Banco Santander S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Intercontinental Exchange Inc
NYSE:ICE
|
$86.83 Billion |
|
Canadian Imperial Bank Of Commerce
NYSE:CM
|
$88.01 Billion |
|
Williams Companies Inc
NYSE:WMB
|
$88.33 Billion |
|
China Mobile Limited
SHG:600941
|
$88.53 Billion |
|
Seagate Technology PLC
NASDAQ:STX
|
$86.67 Billion |
|
American Tower REIT
LSE:0HEU
|
$86.35 Billion |
|
American Tower Corp
NYSE:AMT
|
$86.22 Billion |
|
Hitachi Ltd
PINK:HTHIF
|
$86.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Banco Santander S.A'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 103,131,359,000, a change of 4,530,359,000 (4.6%).
- Net income of 14,095,719,000 contributed positively to equity growth.
- Dividend payments of 3,339,749,000 reduced retained earnings.
- Share repurchases of 4,079,472,000 reduced equity.
- New share issuances of 815,000,000 increased equity.
- Other comprehensive income increased equity by 6,416,120,000.
- Other factors decreased equity by 9,377,259,000.
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 | $-9.38 Billion | -9.09% |
| Total Change | $- | 4.59% |
Book Value vs Market Value Analysis
This analysis compares Banco Santander S.A'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: 0.92x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.97x to 0.92x 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 | $6.00 | x |
| 1992-12-31 | $1.53 | $6.00 | x |
| 1993-12-31 | $1.64 | $6.00 | x |
| 1994-12-31 | $1.63 | $6.00 | x |
| 1995-12-31 | $1.60 | $6.00 | x |
| 1996-12-31 | $1.44 | $6.00 | x |
| 1997-12-31 | $1.75 | $6.00 | x |
| 1998-12-31 | $1.62 | $6.00 | x |
| 1999-12-31 | $3.31 | $6.00 | x |
| 2000-12-31 | $4.40 | $6.00 | x |
| 2001-12-31 | $4.71 | $6.00 | x |
| 2002-12-31 | $5.28 | $6.00 | x |
| 2003-12-31 | $19.71 | $6.00 | x |
| 2004-12-31 | $6.65 | $6.00 | x |
| 2005-12-31 | $28.05 | $6.00 | x |
| 2006-12-31 | $5.61 | $6.00 | x |
| 2007-12-31 | $7.70 | $6.00 | x |
| 2008-12-31 | $8.22 | $6.00 | x |
| 2009-12-31 | $7.64 | $6.00 | x |
| 2010-12-31 | $8.22 | $6.00 | x |
| 2011-12-31 | $6.23 | $6.00 | x |
| 2012-12-31 | $7.28 | $6.00 | x |
| 2013-12-31 | $6.19 | $6.00 | x |
| 2014-12-31 | $6.51 | $6.00 | x |
| 2015-12-31 | $5.87 | $6.00 | x |
| 2016-12-31 | $6.05 | $6.00 | x |
| 2017-12-31 | $5.88 | $6.00 | x |
| 2018-12-31 | $5.71 | $6.00 | x |
| 2019-12-31 | $5.85 | $6.00 | x |
| 2020-12-31 | $4.71 | $6.00 | x |
| 2021-12-31 | $5.02 | $6.00 | x |
| 2022-12-31 | $5.27 | $6.00 | x |
| 2023-12-31 | $5.87 | $6.00 | x |
| 2024-12-31 | $6.33 | $6.00 | x |
| 2025-12-31 | $6.53 | $6.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Banco Santander S.A 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 (12.03%), 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% | 16.55% | 0.05x | 23.00x | $205.52 Million |
| 1993 | 15.81% | 16.08% | 0.04x | 24.87x | $153.01 Million |
| 1994 | 16.46% | 17.86% | 0.04x | 24.80x | $242.77 Million |
| 1995 | 15.57% | 14.48% | 0.04x | 25.16x | $233.35 Million |
| 1996 | 19.63% | 14.84% | 0.04x | 32.05x | $362.14 Million |
| 1997 | 24.64% | 16.35% | 0.04x | 38.88x | $586.75 Million |
| 1998 | 23.20% | 16.85% | 0.05x | 30.29x | $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 | 10.48% | 24.65% | 0.02x | 19.31x | $164.38 Million |
| 2005 | 16.95% | 18.52% | 0.04x | 22.05x | $2.55 Billion |
| 2006 | 16.95% | 18.52% | 0.04x | 22.05x | $2.55 Billion |
| 2007 | 16.41% | 32.26% | 0.03x | 16.54x | $3.54 Billion |
| 2008 | 15.41% | 27.95% | 0.03x | 18.23x | $3.12 Billion |
| 2009 | 13.02% | 22.71% | 0.04x | 16.17x | $2.08 Billion |
| 2010 | 10.91% | 19.97% | 0.03x | 16.23x | $679.20 Million |
| 2011 | 9.19% | 16.97% | 0.03x | 16.38x | $-620.40 Million |
| 2012 | 3.06% | 5.03% | 0.04x | 17.01x | $-5.18 Billion |
| 2013 | 5.91% | 10.56% | 0.04x | 15.80x | $-2.88 Billion |
| 2014 | 7.20% | 13.68% | 0.03x | 15.67x | $-2.26 Billion |
| 2015 | 7.46% | 14.57% | 0.03x | 15.22x | $-2.24 Billion |
| 2016 | 6.82% | 13.58% | 0.03x | 14.73x | $-2.89 Billion |
| 2017 | 7.01% | 13.35% | 0.03x | 15.29x | $-2.83 Billion |
| 2018 | 8.10% | 15.72% | 0.03x | 15.13x | $-1.84 Billion |
| 2019 | 6.51% | 12.76% | 0.03x | 15.22x | $-3.49 Billion |
| 2020 | -10.77% | -18.78% | 0.03x | 18.51x | $-16.92 Billion |
| 2021 | 9.35% | 20.83% | 0.02x | 18.36x | $-569.00 Million |
| 2022 | 10.78% | 22.90% | 0.02x | 19.47x | $694.60 Million |
| 2023 | 11.61% | 24.20% | 0.03x | 18.83x | $1.53 Billion |
| 2024 | 12.75% | 24.75% | 0.03x | 18.63x | $2.71 Billion |
| 2025 | 13.67% | 11.76% | 0.06x | 18.10x | $3.78 Billion |
Industry Comparison
This section compares Banco Santander S.A's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $264,296,799,004
- Average return on equity (ROE) among peers: 9.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Banco Santander S.A (BCDRF) | $112.71 Billion | 26.76% | 15.56x | $86.81 Billion |
| ABN AMRO Bank N.V (AAVMY) | $27.04 Billion | 8.33% | 14.28x | $11.03 Billion |
| Agricultural Bank of China PK (ACGBY) | $290.54 Billion | 17.72% | 23.14x | $259.69 Billion |
| ANZ Group Holdings Limited (ANZGY) | $70.02 Billion | 10.15% | 14.79x | $48.69 Billion |
| Bank of America Corp (BAC) | $270.07 Billion | 11.84% | 10.74x | $336.44 Billion |
| Bank of China Ltd H (BACHF) | $861.54 Billion | 16.21% | 13.72x | $77.92 Billion |
| Banco Bilbao Vizcaya Argentaria S.A (BBVXF) | $4.73 Billion | 9.43% | 14.29x | $81.72 Billion |
| Barclays PLC (BCLYF) | $808.57 Billion | 0.43% | 0.14x | $42.51 Billion |
| Bancorp. of Southern Indiana (BCSO) | $46.62 Million | 6.99% | 9.62x | $74.68 Million |
| The Bank of New York Mellon Corporation (BK) | $46.12 Billion | 7.84% | 9.18x | $79.06 Billion |