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 Announces €5,030 Million Share Buy-Back Programme

SAN

Share Buyback

Dividends

Banco Santander, S.A. has approved a share buy-back programme for an approximate amount of €5,030 million, which began execution on February 4, 2026.
The programme is intended to reduce the Bank's share capital through the redemption of acquired shares.
The total amount includes €1,830 million from approximately 25% of the Group’s underlying profit for the second half of 2025, and an extraordinary €3,200 million representing approximately 50% of the CET1 capital generated from the sale of 49% of Santander Bank Polska.
The indicative duration of the Buy-Back Programme is from February 4, 2026, to July 21, 2026, and the maximum number of shares that may be acquired will not exceed 1,326,455,826 shares.

3 days ago

Banco Santander Reports Record Full-Year 2025 Results and Announces New Share Buyback

SAN

Earnings

Share Buyback

Guidance Update

Banco Santander reported a record attributable profit of \u20ac14,101 million for 2025, up 12% year-on-year, with total income of \u20ac62.4 billion.
The bank achieved a Return on Tangible Equity (RoTE) of 16.3% and an all-time high CET1 capital ratio of 13.5%, while its efficiency ratio improved to 41.2%.
A new \u20ac5 billion share buyback program was approved, contributing to a total commitment of at least \u20ac10 billion in shareholder distributions from 2025-26 earnings and excess capital.
For 2026, the bank targets mid-single-digit revenue growth, lower costs, and higher profits, with a CET1 ratio between 12.8% and 13%.

3 days ago

Banco Santander to Acquire Webster Financial for $12.2-$12.3 Billion

SAN

M&A

Share Buyback

Guidance Update

Banco Santander has agreed to acquire Connecticut-based Webster Financial for approximately $12.2–12.3 billion in an all-stock deal, aiming to significantly expand its U.S. footprint and become a top-10 U.S. retail and commercial bank.
The acquisition is projected to be 7% accretive to earnings, achieve a target ROTE of 18% by 2028, and generate approximately $800 million in synergies. The combined business is expected to manage $327 billion in assets, $185 billion in loans, and $172 billion in deposits.
The deal, expected to close in the second half of 2026 pending regulatory and shareholder approvals, is underpinned by Santander's record FY25 results, which included a profit of €14.101 billion and a reported RoTE of 16.3%.
Separately, Santander is launching a €5 billion share buyback program.

3 days ago

Bloomberg

Banco Santander, S.A. Reports Q4 and Full Year 2025 Results

SAN

Earnings

Debt Issuance

Banco Santander, S.A. reported a 12.1% increase in underlying attributable profit for FY 2025, reaching €14,101 million.
Total revenue for FY 2025 grew 0.3% to €62,390 million.
The Total Group Net Interest Margin (NIM) was 2.75% in Q4 2025 , and the Total Group Efficiency Ratio for 2025 stood at 41.2%.
Asset quality metrics in December 2025 included a Total Group NPL ratio of 2.91% and an NPL coverage ratio of 66%.
The company maintained a strong liquidity position with a Group Consolidated LCR of 145% and a Group NSFR of 155% in December 2025, both exceeding minimum requirements.

3 days ago

Banco Santander Announces Q4 and Full-Year 2025 Results

SAN

Earnings

Dividends

Share Buyback

Banco Santander reported a Q4 2025 attributable profit of EUR 3,764 million, an increase of 7% compared to Q3 2025, contributing to a full-year 2025 attributable profit of EUR 14,101 million, which is 12% higher year-on-year.
The company's Return on Tangible Equity (RoTE) post-AT1 improved by 0.8 percentage points to 16.3% in 2025, and earnings per share grew 17% year-on-year to EUR 90.5 cents.
Shareholder remuneration for 2025 included an interim cash dividend of EUR 11.50 cents per share and a EUR 1.7 billion share buyback program, with the total cash dividend per share estimated to be 15% higher than in 2024.
Banco Santander's total customer base reached 180 million by December 2025, an 8 million increase year-on-year.

3 days ago

Banco Santander Reports Strong FY'25 Results and Announces Webster Acquisition

SAN

Earnings

M&A

Share Buyback

Banco Santander reported a 12% increase in attributable profit to €14.1 billion for FY'25, with revenue reaching €62.4 billion and costs decreasing by 1%.
The company announced the acquisition of Webster for an implied equity valuation of $12.2 billion, which is expected to be c.7-8% EPS accretive to Grupo Santander for 2028 and generate c.$800 million in annual pre-tax cost synergies.
Santander reiterated its commitment to a 50% ordinary payout for shareholders and plans for at least €10 billion in share buybacks for 2025-26 earnings, with €6.7 billion already delivered or announced.
The acquisition is projected to boost Santander US's RoTE post-AT1 to 18% by 2028 and contribute to the Group's overall 2028 target of >20% RoTE.

3 days ago

Santander Reports Record 2025 Results and Announces Webster Financial Acquisition

SAN

Earnings

M&A

Share Buyback

Santander reported record annual results for 2025, with a profit of EUR 14.1 billion and a 16.3% ROTE post-eighty-one, achieving an efficiency ratio of almost 41% and a CET1 ratio of 13.5%.
The company announced the acquisition of Webster Financial Corporation for $12.2 billion, with 65% paid in cash and 35% in Santander shares, expected to close before year-end 2026.
This acquisition is projected to deliver close to $800 million in pre-tax cost synergies, increasing Santander US ROTE to 18% and providing 7%-8% EPS accretion by 2028.
Santander committed to at least EUR 10 billion in share buybacks for 2025 and 2026 earnings, targeting a group ROTE in excess of 20% by 2028.

3 days ago

Santander Reports Record 2025 Results and Announces Webster Financial Acquisition

SAN

Earnings

M&A

Guidance Update

Santander reported record annual results for 2025, with EUR 14.1 billion in profit, a 12% year-over-year increase, and a ROTE post-AT1 of 16.3%.
The company announced the acquisition of Webster Financial Corporation for $12.2 billion, expecting close to $800 million in pre-tax cost synergies and 7%-8% EPS accretion in 2028.
This acquisition is projected to increase Santander US's ROTE to 18% and contribute to the Group's target of achieving a ROTE in excess of 20% by 2028.
Santander reiterated its commitment to shareholder remuneration, including a 50% ordinary payout and at least EUR 10 billion in share buybacks for 2025 and 2026 earnings, while also providing guidance for 2026 (excluding M&A) of mid-single digit revenue growth and an increase in attributable profit.

3 days ago

Santander Reports Strong 2025 Results and Announces Webster Acquisition

SAN

Earnings

M&A

Share Buyback

Santander reported strong financial performance for 2025, with earnings per share (EPS) rising 17% and Post-AT1 RoTCE reaching 16.3%. Santander U.S. profits grew over 30% from 2023-2025, achieving a 15% adjusted RoTCE.
The company announced the acquisition of Webster for $12.2 billion, anticipating $800 million in pre-tax cost synergies and 7%-8% EPS accretion by 2028. This acquisition is projected to increase Santander US RoTCE to 18% and contribute to a group RoTE in excess of 20% by 2028.
Santander reiterated its commitment to distribute at least EUR 10 billion to shareholders through share buybacks for 2025 and 2026, with a new EUR 5 billion buyback program approved. The acquisition is expected to have a 140 basis points impact on the CET1 ratio, with the group CET1 ratio projected to be 12.8% at closing and over 13% by 2027.
The acquisition is strategic, aiming to achieve scale and best-in-class profitability in the U.S. Northeast market, where the combined entity will have an 8% deposit share. The company confirmed no more bolt-on acquisitions for the next three years, focusing on organic growth and integration.

3 days ago

Santander Announces Q4 2025 Results and Webster Acquisition

SAN

M&A

Earnings

Share Buyback

Santander reported strong Q4 2025 financial performance, with Post 81 ROTCE reaching 16.3% and EPS rising 17%, while its fully loaded CET1 ratio increased to 13.5%.
The company announced the acquisition of Webster for $12.2 billion, with 65% paid in cash and 35% in shares, expected to close before year-end 2026. This acquisition is projected to deliver $800 million in pre-tax cost synergies and increase Santander US ROTCE to 18% by 2028.
The Webster acquisition is expected to impact Santander Group's CET1 ratio by approximately 100 basis points (total impact of 140 basis points), with the CET1 ratio anticipated to be around 12.8% at closing and above 13% by 2027.
Santander reiterated its commitment to distribute at least EUR 10 billion to shareholders through share buybacks for 2025 and 2026, with a new EUR 5 billion buyback program commencing February 4, 2026.
The company targets a Group ROTE of above 20% by 2028, aiming for best-in-class profitability in its core markets.

3 days ago