BuybackAug 10, 2026, 12:36 PM
Banco Santander Announces EUR 1.825 Billion Share Buyback Program
AI Summary
Banco Santander's board of directors has approved a new share repurchase program totaling approximately 1,825 million euros. This program is in line with the bank's shareholder remuneration policy, aiming to return around 50% of underlying profit to shareholders, split equally between cash dividends and buybacks. The buyback, representing about 25% of H1 2026 underlying profit, is intended to reduce the bank's share capital and is expected to commence on August 24, 2026, following the completion of the current program.
Key Highlights
- Board approved a share repurchase program for approximately 1,825 million euros.
- The buyback represents about 25% of the Group's underlying profit in the first half of 2026.
- Purpose is to reduce the Bank's share capital through redemption of acquired shares.
- Maximum number of shares to be acquired will not exceed 1,468,931,950 shares.
- Assuming an average price of 12.10 euros, approximately 150.8 million shares (c. 1.026% of share capital) would be acquired.
- Program expected to commence on August 24, 2026, following completion of the current buyback.
- Indicative duration is 98 trading days, with an expected end date of January 8, 2027.
- The program is part of a shareholder remuneration policy targeting c. 50% of underlying profit, split equally between cash dividends and buybacks.
Price Impact
More from SAN