Banco Santander (SAN) Company Report

Analyst Coverage

Research analysts who have asked questions during Banco Santander earnings calls.

Andrea Filtri

Mediobanca

4 questions for SAN

Also covers: BBVA, CAIXY

Ignacio Ulargui

BNP Paribas

4 questions for SAN

Also covers: BBVA, CAIXY

Britta Schmidt

Autonomous Research

3 questions for SAN

Also covers: BBVA, CAIXY

Carlos Peixoto

CaixaBank BPI

3 questions for SAN

Also covers: BBVA

Francisco Riquel

Alantra Equities

3 questions for SAN

Also covers: BBVA, CAIXY

Ignacio Cerezo Olmos

UBS

3 questions for SAN

Also covers: BBVA, CAIXY

Marta Sánchez Romero

Citi

3 questions for SAN

Also covers: BBVA, CAIXY, ING

Sofie Peterzens

JPMorgan Chase & Co.

3 questions for SAN

Also covers: BBVA, CAIXY

Alvaro de Tejada

Morgan Stanley

2 questions for SAN

Also covers: BBVA, BCS, CAIXY +1 more

Alvaro Serrano

Morgan Stanley

2 questions for SAN

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

Chris Hallam

Goldman Sachs Group Inc.

2 questions for SAN

Also covers: ATMP, BCS, BNPQY +4 more

Alvaro Serrano Saenz de Tejada

Morgan Stanley

1 question for SAN

Also covers: BCS, NWG

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

Also covers: BBVA

Cecilia Romero Reyes

Barclays

1 question for SAN

Also covers: BBVA, CAIXY

Fernando Gil de Santivañes d´Ornellas

Intesa Sanpaolo

1 question for SAN

Also covers: CAIXY

Ignacio Cerezo

UBS Group

1 question for SAN

Also covers: BBVA

Pablo de la Torre

RBC Capital Markets

1 question for SAN

Also covers: CAIXY

Patrick Lee

RBC Capital Markets

1 question for SAN

Latest news

Recent press releases and 8-K filings for SAN.

Banco Santander Completes Share Buy-back Programme and Reduces Share Capital

SAN

Share Buyback

Earnings

Banco Santander, S.A. has completed its share buy-back programme, investing the maximum amount of EUR 1,700 million.
This programme resulted in the acquisition of 196,005,870 own shares, representing approximately 1.32% of the Bank's share capital.
As a consequence, the Bank's share capital has been reduced by EUR 98,002,935 through the cancellation of these shares, with the purpose of increasing profit per share.
Following this capital reduction, Banco Santander's share capital is now set at EUR 7,344,659,751, represented by 14,689,319,502 shares.

7 days ago

6-K

Banco Santander Updates on Share Buyback Program

SAN

Share Buyback

Banco Santander, S.A. provided an update on its share buyback program, detailing transactions carried out between December 11 and 17, 2025.
As of December 17, 2025, the company has invested 1,624,325,614 Euros in the buyback program, representing approximately 95.6% of the maximum investment amount.
The program has resulted in the repurchase of approximately 15.2% of Banco Santander's outstanding shares as of 2021.
During the reported period of December 11 to 17, 2025, a total of 12,100,000 shares were purchased.

Dec 18, 2025, 11:09 AM

6-K

Banco Santander Reports Progress on Share Buyback Programme

SAN

Share Buyback

Banco Santander, S.A. reported share buyback transactions conducted between December 4 and December 10, 2025.
As of December 10, 2025, the company has spent 1,505,372,814 Euros on the Buyback Programme, representing approximately 88.6% of the maximum investment amount.
These purchases have resulted in the repurchase of approximately 15.2% of the company's outstanding shares as of 2021.
A total of 7,100,000 shares were purchased during the reported period.

Dec 11, 2025, 11:17 AM

6-K

Banco Santander, S.A. Provides Update on Share Buyback Program

SAN

Share Buyback

As of December 3, 2025, Banco Santander, S.A. has purchased shares totaling 1,437,943,994 Euros under its buyback program, representing approximately 84.6% of the maximum investment amount.
These purchases have resulted in the repurchase of approximately 15.1% of the company's outstanding shares as of 2021.
Between November 27 and December 3, 2025, the company repurchased a total of 9,600,000 shares.

Dec 4, 2025, 11:09 AM

6-K

Banco Santander Completes Accelerated Placement of Santander Bank Polska Shares

SAN

M&A

New Projects/Investments

Banco Santander, S.A. completed an accelerated placement of 3,576,626 ordinary shares of its subsidiary, Santander Bank Polska S.A., representing approximately 3.5% of its existing share capital, at a price of PLN 482.0 per share.
Following this placement and a previously announced sale of approximately 49% of Santander Bank Polska to Erste Group Bank AG, Banco Santander will hold approximately 9.7% of shares in Santander Bank Polska.
The remaining shares held by Banco Santander are subject to a 90-day post-closing lock-up period, with settlement for the placement expected on December 4, 2025.
This placement is aligned with Banco Santander's strategic focus on proactive capital optimization to create shareholder value, while maintaining commitment to the Polish market through Santander Consumer and a planned strategic collaboration with Erste.

Dec 2, 2025, 1:35 AM

6-K

Banco Santander Completes Stake Sale in Polish Subsidiary

SAN

M&A

Banco Santander completed an accelerated sale of approximately 3.5% of its Polish subsidiary, Santander Bank Polska, raising around $473 million.
The shares were sold at about 482 Polish zlotys each, representing a 5% to 6% discount compared to the previous closing price of 511.6 zlotys per share.
Following this placement and a planned sale of roughly 49% to Austria's Erste Group, Banco Santander will retain a 9.7% stake in Santander Bank Polska.
This strategic move is part of Santander's broader capital optimization and portfolio management efforts.

Dec 1, 2025, 6:27 PM

WSJ

Gunvor CEO Törnqvist Sells Majority Stake to Employees

SAN

CEO Change

Management Change

Legal Proceedings

Torbjörn Törnqvist, the CEO and majority owner of Gunvor, is stepping down and selling his entire stake to approximately 60 employees through a management-led buyout.
This transition follows U.S. allegations linking Gunvor to the Kremlin and the U.S. Treasury Department's designation of the company as the "Kremlin's puppet".
Gary Pedersen, a U.S. citizen, has been appointed as the new CEO.
Gunvor, which reported revenues of $136 billion in 2024, aims to reset its image and operations, distancing itself from past Russian associations.

Dec 1, 2025, 10:25 AM

Bloomberg

Banco Santander reports progress on share buyback program

SAN

Share Buyback

Banco Santander, S.A. reported on its share buyback program, detailing transactions carried out between November 20 and November 26, 2025.
As of November 26, 2025, the company had purchased shares with a cash amount of 1,348,478,984 Euros, which represents approximately 79.3% of the maximum investment for the Buyback Programme.
These purchases have resulted in the repurchase of approximately 15.1% of its outstanding shares as of 2021.
A total of 10,400,000 shares were repurchased during the period from November 20 to November 26, 2025.

Nov 28, 2025, 11:02 AM

6-K

Banco Santander reports share buyback program progress

SAN

Share Buyback

Banco Santander, S.A. provided an update on its Buyback Programme, detailing transactions carried out between November 13 and 19, 2025.
As of November 19, 2025, the total cash amount spent on the buyback program reached 1,255,460,584 Euros, which represents approximately 73.9% of the maximum investment amount.
Through this program, the Bank has repurchased approximately 15% of its outstanding shares as of 2021.

Nov 20, 2025, 11:15 AM

6-K

Santander Faces $300M Exposure as First Brands Founder Defaults Loan

SAN

Legal Proceedings

Management Change

New Projects/Investments

Santander Bank's financial exposure to First Brands Group and its founder, Patrick James, has increased to approximately $300 million due to James defaulting on a loan used to acquire the French car parts company, Novares.
First Brands Group filed for Chapter 11 bankruptcy protection in the U.S. amidst investigations into questionable financial practices, including the alleged repeated sale of receivables and internal retention of payments meant for factoring partners.
A First Brands creditor, Raistone, claimed that $2.3 billion in opaque financing vehicles, such as trade receivable financing and reverse factoring, had been lost track of by various stakeholders.
Santander's investment arm, Deva Capital, is taking control of Novares Group SAS, further involving the bank in the situation.