Banco Santander ( SAN )

Ignacio Ulargui

BNP Paribas

8 questions for SAN

Britta Schmidt

Autonomous Research

7 questions for SAN

Carlos Peixoto

CaixaBank BPI

7 questions for SAN

Francisco Riquel

Alantra Equities

7 questions for SAN

Also covers: ATMP, BARC.L, BBVA +3 more

Alvaro Serrano

Morgan Stanley

5 questions for SAN

Borja Ramirez

Citi

4 questions for SAN

Hugo Cruz

Keefe, Bruyette & Woods

4 questions for SAN

Ignacio Cerezo

UBS Group

4 questions for SAN

Ignacio Cerezo Olmos

UBS

4 questions for SAN

Also covers: BBVA, CAIXY, ING

Marta Sánchez Romero

Citi

3 questions for SAN

Sofie Peterzens

JPMorgan Chase & Co.

3 questions for SAN

Also covers: BBVA, BCS, CAIXY +1 more

Alvaro de Tejada

Morgan Stanley

2 questions for SAN

Alvaro Serrano Saenz de Tejada

Morgan Stanley

2 questions for SAN

Also covers: BCS, NWG

Chris Hallam

Goldman Sachs Group Inc.

2 questions for SAN

Also covers: ATMP, BCS, BNPQY +4 more

Benjamin Toms

RBC Capital Markets

1 question for SAN

Also covers: BARC.L, BBVA, BCS +3 more

Carlos Cobo Catena

Societe General

1 question for SAN

Cecilia Romero

Barclays Corporate & Investment Bank

1 question for SAN

Cecilia Romero Reyes

Barclays

1 question for SAN

Fernando Gil de Santivañes d´Ornellas

Intesa Sanpaolo

1 question for SAN

Also covers: CAIXY

Pablo de la Torre

RBC Capital Markets

1 question for SAN

Also covers: CAIXY

Patrick Lee

RBC Capital Markets

1 question for SAN

Sophie

Goldman Sachs

1 question for SAN

Sophie Ramsay

Goldman Sachs

1 question for SAN

Latest news

Recent press releases and 8-K filings for SAN.

Banco Santander Updates on Share Buyback Programme Progress

SAN

Share Buyback

Banco Santander, S.A. provided an update on its share buyback programme, detailing transactions carried out between February 19 and 26, 2026.
As of February 26, 2026, the bank has purchased shares totaling 1,572,905,221 Euros, which represents approximately 31.3% of the maximum investment amount of the Buyback Programme.
During the reported period (February 19-26, 2026), a total of 39,366,374 shares were purchased.
Through this programme, Banco Santander has repurchased approximately 16.1% of its outstanding shares as of 2021.

17 hours ago

Banco Santander Outlines 2026-2028 Financial and Operational Targets

SAN

Guidance Update

Dividends

Share Buyback

Banco Santander targets a Return on Tangible Equity (RoTE) of over 20% and profit exceeding €20 billion by 2028, alongside double-digit annual EPS growth for 2026-2028.
The company plans a 50% shareholder remuneration payout from underlying profit, with cash dividends increasing to 35% from 2027 and Cash DPS expected to more than double by 2028.
Santander projects revenue to increase by Mid-Single Digits (MSD) and total costs to decrease every year from 2026 to 2028, aiming for a CET1 ratio of c.13% within a 12-13% operating range.
These targets incorporate the pending TSB and Webster acquisitions, which are subject to regulatory and shareholder approvals.

3 days ago

Banco Santander Outlines Ambitious 2028 Financial Targets and Strategic Plan

SAN

Guidance Update

New Projects/Investments

Dividends

Banco Santander aims to achieve a Return on Tangible Equity (RoTE) of above 20% and a profit exceeding EUR 20 billion by 2028.
The company targets growing its customer base to over 210 million by 2028, with revenue growth projected at mid-single digits (excluding M&A) and double-digits (including M&A).
Key drivers for these targets include One Transformation initiatives, expected to deliver EUR 4 billion-EUR 5 billion in efficiencies, and synergies from the TSB and Webster acquisitions, totaling EUR 1.2 billion.
Shareholder returns are prioritized with a 50% payout target, and cash dividends per share expected to more than double by 2028 from 2025 levels, with excess capital above 13% CET1 to be distributed.
The company also projects an efficiency ratio near 36% by 2028 and a reduction in the group's cost of risk to between 1%-1.1%.

3 days ago

Transcript

Banco Santander Outlines Strategic Plan and Financial Targets Through 2028

SAN

Guidance Update

Dividends

M&A

Banco Santander aims to achieve profits above EUR 20 billion and a Return on Tangible Equity (RoTE) above 20% by 2028.
The company is targeting double-digit EPS growth from 2026-2028 and will maintain a 50% ordinary payout, with the cash dividend payout increasing to 35% from 2027. This is expected to result in cash dividend per share more than doubling by 2028 from 2025 levels.
Santander anticipates mid-single-digit revenue growth (excluding M&A, double-digit including M&A) and plans to reduce total costs to below EUR 27 billion by 2028 from EUR 28.5 billion in 2025, aiming for an efficiency ratio near 36%.
Strategic bolt-on acquisitions of TSB and Webster are projected to add over EUR 1.5 billion in additional sustainable profit and contribute to improved RoTE in the UK and US.

3 days ago

Transcript

Banco Santander Sets Ambitious 2028 Financial Targets at Investor Day

SAN

Guidance Update

M&A

Dividends

Santander projects a Return on Tangible Equity (RoTE) above 20% and profit exceeding EUR 20 billion by 2028.
The company plans to generate over EUR 50 billion in capital by 2028 for growth and shareholder distributions, with a 50% ordinary payout and a cash dividend increasing to 35% from 2027, aiming to more than double cash dividend per share by 2028 from 2025 levels.
Strategic acquisitions of TSB and Webster Bank are expected to contribute over EUR 1.5 billion in additional sustainable profit and significantly improve local RoTEs.
For 2026, a transitional year, Santander anticipates underlying profit above EUR 14.1 billion, with mid-single-digit revenue growth and lower costs in constant euros.

3 days ago

Transcript

Banco Santander, S.A. Sets Ambitious 2026-2028 Financial and Operational Targets

SAN

Guidance Update

Dividends

Share Buyback

Banco Santander, S.A. has established financial targets for 2026-2028, aiming for a Return on Tangible Equity (RoTE) of greater than 20%, double-digit annual EPS growth, and over €20 billion in profit by 2028.
The company's ordinary shareholder remuneration policy for 2026 results includes a 50% payout of underlying profit, split evenly between cash dividends and share buybacks. From 2027, this policy is expected to comprise 35% cash dividends and 15% share buybacks.
Operationally, Banco Santander projects an increase in active customers to approximately 125 million from 106 million in 2025 and total customers to over 210 million from 180 million in 2025 by 2028. Revenue is expected to be up Mid-Single Digit (MSD), with total costs decreasing every year.
The company successfully achieved its key 2023 Investor Day targets for 2025, reporting a RoTE of 16.3% and an efficiency ratio of 41.2%.

3 days ago

Santander outlines 2026-2028 strategic plan and financial targets

SAN

Guidance Update

Dividends

Share Buyback

Santander targets double-digit EPS annual growth and a Return on Tangible Equity (RoTE) of over 20% by 2028, aiming for profit exceeding €20 billion.
The company plans a 50% shareholder remuneration payout of underlying profit for 2026 results, split evenly between cash dividends and share buybacks. From 2027 results, the policy is expected to comprise around 35% in cash dividends and around 15% in share buybacks, with Cash DPS expected to more than double by 2028 compared to 2025.
Through its ONE Transformation, Santander aims to improve its efficiency ratio from 45.3% in 2025 to approximately 36% by 2028, and grow its customer base from 180 million in 2025 to over 210 million by 2028.
Pending acquisitions of TSB and Webster are projected to drive 9% profit growth post synergies and contribute to all geographies achieving over 15% RoTE by 2028.

3 days ago

Banco Santander Outlines 2026-2028 Strategic Plan and Shareholder Remuneration

SAN

Guidance Update

Dividends

Share Buyback

Banco Santander announced its 2026-2028 strategic plan, targeting more than 210 million customers, over €20 billion profit, and a return on tangible equity (RoTE) above 20% by 2028.
The bank expects double-digit earnings per share growth every year in 2026-2028 and aims to more than double the cash dividend per share by 2028 versus 2025.
For 2025, Santander achieved a record attributable profit of €14.1 billion and declared a total cash dividend per share of 24 euro cents, marking over a 14% increase from the previous year.
The shareholder remuneration policy for 2026-2028 results involves distributing approximately 50% of underlying profit, with cash dividends comprising around 35% of group profit from 2027 results and share buybacks around 15%.

3 days ago

Banco Santander Unveils 2026-2028 Strategic Plan with Ambitious Financial Targets

SAN

Guidance Update

Dividends

Share Buyback

Banco Santander unveiled a 2026–2028 strategic plan, targeting annual profits exceeding €20 billion by 2028 and a return on tangible equity above 20%.
The plan includes an efficiency target of approximately a 36% cost-to-income ratio by 2028, expected to generate over €1 billion in annual value through digital transformation.
The bank committed to a roughly 50% overall payout policy, maintaining a CET1 ratio around 13%, and plans at least €10 billion in share buybacks from 2025–2026 earnings.
Following record 2025 net earnings of €14.1 billion, Santander anticipates more than doubling the cash dividend per share by 2028, with the total 2025 payout reaching €0.24 per share.

3 days ago

Bloomberg

Banco Santander Updates on Share Buyback Program

SAN

Share Buyback

Banco Santander, S.A. reported that as of February 18, 2026, the cash amount of shares purchased under its Buyback Programme totaled 1,146,817,035 Euros.
This amount represents approximately 22.8% of the maximum investment amount for the Buyback Programme.
Between February 12 and 18, 2026, the company repurchased a total of 52,195,521 shares.
The Buyback Programme has resulted in the repurchase of approximately 15.9% of the Bank's outstanding shares as of 2021.

Feb 19, 2026, 12:03 PM