Banco Santander (OTC: BCDRF) outlines €479,926,754 in share repurchases
Rhea-AI Filing Summary
Banco Santander provides an update on its ongoing share buyback programme. Between 18 and 24 September 2025, the bank repurchased 6,400,000 ordinary shares across several trading venues at weighted average prices around €8.5–€8.7 per share. The cash amount invested in buybacks to 24 September 2025 totals 479,926,754 Euros, which the bank states is approximately 28.2% of the maximum investment amount authorized for the programme. Overall, these repurchases have reduced the share count by around 14.5% relative to the bank’s outstanding shares as of 2021, returning a significant amount of capital to shareholders.
Positive
- Large-scale capital return via buyback: Banco Santander has invested 479,926,754 Euros in repurchasing its own shares under the current programme, equivalent to roughly 14.5% of its outstanding shares as of 2021, which can materially enhance per-share metrics.
Negative
- None.
Insights
Banco Santander is executing a sizeable share buyback, already removing about 14.5% of its 2021 share count.
Banco Santander reports ongoing execution of its board-approved share buyback, investing 479,926,754 Euros in its own shares by 24 September 2025. This represents 28.2% of the maximum investment amount defined for the programme, indicating substantial remaining authorized capacity.
The bank notes that, with these purchases, it has repurchased approximately 14.5% of its outstanding shares as of 2021. Reducing the share base at this scale can meaningfully lift per-share metrics like earnings and dividends, assuming operating performance holds steady.
Between 18 and 24 September 2025, the bank bought 6,400,000 shares across venues such as XMAD, CEUX, TQEX, and AQEU at weighted average prices in the €8.50–€8.70 range. Future communications on the programme’s completion and total capital deployed will further clarify its full impact on Santander’s capital structure.
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 September, 2025
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 September 25, 2025 |
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 30 July 2025 (official registry number 2844) (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 18 and 24 September 2025 (both inclusive).
The cash amount of the shares purchased to 24 September 2025 as a result of the execution of the Buyback Programme amounts to 479,926,754 Euros, which represents approximately 28.2% 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 14.5% of its outstanding shares as of 2021.
| Date | Security | Transaction | Trading venue | Number of shares | Weighted average price (€) |
| 18/09/2025 | SAN | Purchase | XMAD | 1,073,518 | 8.5042 |
| 18/09/2025 | SAN | Purchase | CEUX | 91,609 | 8.4885 |
| 18/09/2025 | SAN | Purchase | TQEX | 14,556 | 8.5175 |
| 18/09/2025 | SAN | Purchase | AQEU | 20,317 | 8.4968 |
| 19/09/2025 | SAN | Purchase | XMAD | 1,033,038 | 8.6518 |
| 19/09/2025 | SAN | Purchase | CEUX | 101,900 | 8.6454 |
| 19/09/2025 | SAN | Purchase | TQEX | 29,201 | 8.6601 |
| 19/09/2025 | SAN | Purchase | AQEU | 35,861 | 8.6350 |
| 22/09/2025 | SAN | Purchase | XMAD | 1,380,340 | 8.5456 |
| 22/09/2025 | SAN | Purchase | CEUX | 16,176 | 8.5455 |
| 22/09/2025 | SAN | Purchase | TQEX | 1,298 | 8.5997 |
| 22/09/2025 | SAN | Purchase | AQEU | 2,186 | 8.5403 |
| 23/09/2025 | SAN | Purchase | XMAD | 1,033,058 | 8.6279 |
| 23/09/2025 | SAN | Purchase | CEUX | 90,711 | 8.6301 |
| 23/09/2025 | SAN | Purchase | TQEX | 20,367 | 8.6361 |
| 23/09/2025 | SAN | Purchase | AQEU | 55,864 | 8.6385 |
| 24/09/2025 | SAN | Purchase | XMAD | 1,218,522 | 8.6712 |
| 24/09/2025 | SAN | Purchase | CEUX | 105,075 | 8.6886 |
| 24/09/2025 | SAN | Purchase | TQEX | 25,927 | 8.6844 |
| 24/09/2025 | SAN | Purchase | AQEU | 50,476 | 8.7016 |
| TOTAL | 6,400,000 |
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), 25 September 2025
ANNEX I
Detailed information on each of the transactions carried out within the context of the Buy-back Programme between 18/09/2025 and 25/09/2025 (both inclusive)
(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-18-a-24-09-2025.pdf)
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: | September 25, 2025 | By: | /s/ Pedro de Mingo Kaminouchi | |
| Name: | Pedro de Mingo Kaminouchi | |||
| Title: | Head of Corporate Compliance | |||