• Banco Santander, S.A average return on tangible equity for 2024 was 13.17, a 11.23% increase from 2023.
• Banco Santander, S.A average return on tangible equity for 2023 was 11.84, a 3.41% increase from 2022.
• Banco Santander, S.A average return on tangible equity for 2022 was 11.45, a 34.55% increase from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.