Banco Santander (SAN) details €3.38B share buyback and 17.2% repurchase
Rhea-AI Filing Summary
Banco Santander reports progress on its ongoing share buyback programme. As of 17 June 2026, the bank has repurchased shares for a cash amount of €3,376,585,780, representing approximately 67.1% of the programme’s maximum investment. These purchases mean the bank has bought back about 17.2% of its outstanding shares as of 2021.
Between 11 and 17 June 2026, Santander acquired 10,708,137 of its own shares across Spanish and European trading venues at weighted average prices generally between about €10.51 and €11.79 per share, continuing the execution of the Board-approved Buyback Programme.
Positive
- Substantial buyback progress: Banco Santander has invested €3,376,585,780 to repurchase about 17.2% of its 2021 outstanding shares, indicating a large capital return and potential earnings-per-share support.
Negative
- None.
Insights
Santander has executed a large portion of a sizeable share buyback, materially reducing share count.
Banco Santander discloses that it has spent €3,376,585,780 repurchasing its own shares under a Board-approved buyback programme. This equals about 67.1% of the maximum investment amount and corresponds to roughly 17.2% of shares outstanding as of 2021.
Such a large completed portion indicates significant capital allocated to returning value to shareholders and reducing equity. Actual impact on metrics like earnings per share depends on future profitability and how many shares are ultimately cancelled versus held. The filing simply quantifies execution to date.
The latest reported period, from 11–17 June 2026, added 10,708,137 shares at prices around €10.51–€11.79. Subsequent disclosures of the programme’s final completion and any changes in maximum investment limits or regulatory conditions will further clarify long-term capital structure effects.
Key Figures
Key Terms
Buyback Programme financial
inside information regulatory
Regulation (EU) no. 596/2014 on Market Abuse regulatory
Commission Delegated Regulation (EU) 2016/1052 regulatory
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of June, 2026
Commission File Number: 001-12518
Banco Santander, S.A.
(Exact name of registrant as specified in its charter)
Ciudad Grupo Santander
28660 Boadilla del Monte (Madrid) Spain
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | X |
Form 40-F |
Banco Santander, S.A.
TABLE OF CONTENTS
Item |
|
| 1 | Report of Other Relevant Information dated June 18, 2026 |
Item 1
Banco Santander, S.A. (the “Bank” or “Banco Santander”), in compliance with the Securities Market legislation, hereby communicates the following:
OTHER RELEVANT INFORMATION
Reference is made to our notice of inside information of 4 February 2026 (official registry number 3077) (the “Buyback Commencement Communication”), relating to the buyback programme of own shares (the “Buyback Programme”) approved by the Board of Directors of Banco Santander.
Pursuant to article 5 of Regulation (EU) no. 596/2014 on Market Abuse of 16 April 2014, and articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052, of 8 March 2016, the Bank informs of the transactions carried out over its own shares between 11 and 17 June (both inclusive).
The cash amount of the shares purchased to 17 June 2026 as a result of the execution of the Buyback Programme amounts to 3,376,585,780 Euros, which represents approximately 67.1% of the maximum investment amount of the Buyback Programme. The programme was announced together with its other characteristics through the Buyback Commencement Communication. With these purchases, the Bank has repurchased approximately 17.2% of its outstanding shares as of 2021.
| Date | Security | Transaction | Trading venue | Number of shares | Weighted average price (€) |
| 11/06/2026 | SAN | Purchase | XMAD | 2,357,395 | 10.5131 |
| 11/06/2026 | SAN | Purchase | CEUX | 1,500,000 | 10.5170 |
| 12/06/2026 | SAN | Purchase | XMAD | 1,000,000 | 10.9205 |
| 15/06/2026 | SAN | Purchase | XMAD | 850,742 | 11.4484 |
| 16/06/2026 | SAN | Purchase | XMAD | 1,000,000 | 11.5570 |
| 17/06/2026 | SAN | Purchase | XMAD | 4,000,000 | 11.7919 |
| TOTAL | 10,708,137 |
Issuer name: Banco Santander, S.A. - LEI 5493006QMFDDMYWIAM13
Reference of the financial instrument: ordinary shares - Code ISIN ES0113900J37
Detailed information of the transactions carried out within the referred period is attached as Annex I.
Boadilla del Monte (Madrid), 18 June 2026
1
ANNEX I
Detailed information on each of the transactions carried out within the context of the Buy-back Programme between 11/06/2026 and 17/06/2026 (both inclusive)
(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-11-a-17-junio-2026-es.pdf)
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Banco Santander, S.A. | |||||
| Date: | June 18, 2026 | By: | /s/ Pedro de Mingo Kaminouchi | ||
| Name: | Pedro de Mingo Kaminouchi | ||||
| Title: | Head of Corporate Compliance | ||||
FAQ
What did Banco Santander (SAN) disclose in this June 2026 6-K?
Banco Santander disclosed updated information on its ongoing share buyback programme. The bank reported total repurchases of €3,376,585,780 as of 17 June 2026, detailing trades between 11 and 17 June and quantifying progress versus the programme’s maximum approved investment amount.
Under which regulations is Banco Santander’s buyback information reported?
The disclosure cites article 5 of Regulation (EU) No. 596/2014 on Market Abuse and articles 2.2 and 2.3 of Commission Delegated Regulation (EU) 2016/1052. These rules govern how issuers report transactions carried out under share buyback programmes.