Banco Santander reported a record underlying profit of €7,328 million for the first half of 2026, up 15%, on revenue of €30,847 million, up 6%. Growth was driven by higher net interest income and fees, expanding customer activity and volumes, and cost reductions from its ONE Transformation programme.
Attributable profit reached €8,973 million, including a €1.9 billion net capital gain from the Poland disposal partially offset by €250 million of TSB restructuring costs. The efficiency ratio improved to 42.8%, while credit quality remained solid with cost of risk at 1.15% and a non-performing loan ratio of 2.93% with 64% coverage.
The CET1 ratio stood at 14.0% after completing the TSB acquisition, as the group plans to end 2026 with a CET1 ratio between 12.8% and 13%. Santander added 12 million customers year-on-year to 182 million and is combining a 24 euro cent cash dividend per share with large share buybacks, aiming to deliver about €9 billion of buybacks toward a commitment of at least €10 billion for 2025–2026, while reaffirming its 2026 and 2028 profitability and growth targets.
Banco Santander, S.A. reports progress on its share buyback programme. The cash amount used to purchase its own shares reached 3,899,027,041 Euros as of 15 July 2026, representing approximately 77.5% of the programme’s maximum investment amount.
The bank states that, with these purchases, it has repurchased about 17.4% of its outstanding shares as of 2021. Between 9 and 15 July 2026, it bought 11,822,286 shares on XMAD and CEUX through several daily transactions at weighted average prices including €12.1509 and €11.9540 per share.
Banco Santander, S.A. plans to disclose its first half 2026 financial results on 22 July 2026. The bank will host an analyst presentation via audio conference at 10:00 a.m. Madrid time, accessible through its corporate website.
A separate media presentation will be held via audio conference at 12:00 p.m. Madrid time, with supporting documents made available in advance through a communication to the CNMV and on the website.
Banco Santander reports further progress on its share buyback programme. Between 2 and 8 July 2026, the bank repurchased 10,175,407 ordinary shares on the Madrid exchange under its ongoing Buyback Programme.
The total cash invested in buybacks up to 8 July 2026 amounts to 3,756,788,259 Euros, which is approximately 74.7% of the programme’s maximum investment amount. The bank states that, with these purchases, it has repurchased approximately 17.4% of its outstanding shares as of 2021.
Banco Santander, S.A. reports continued execution of its share buyback programme, purchasing additional ordinary shares between 25 June and 1 July 2026 on the Madrid exchange. During this period, it bought 8,399,608 shares at weighted average prices between €11.81 and €12.03.
The bank states that, as of 1 July 2026, the cash amount invested in the Buyback Programme totals €3,631,865,722, representing approximately 72.2% of the programme’s maximum investment amount. It adds that, with these purchases, it has repurchased approximately 17.3% of its outstanding shares as of 2021.
Banco Santander reports progress on its share buyback programme. As of 24 June 2026, the cash amount invested in repurchasing its own shares totals 3,531,794,091 Euros, representing about 70.2% of the programme’s maximum investment. The bank states that, with these purchases, it has repurchased approximately 17.3% of its outstanding shares as of 2021. Between 18 and 24 June 2026, it bought 13,007,737 shares on the XMAD market at weighted average prices around €11.9 per share under the Buyback Programme.
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.
Banco Santander reports progress on its ongoing share Buyback Programme. Between 4 and 10 June 2026, the bank repurchased 27,375,913 of its own shares across several European trading venues at weighted average prices around €10.50–€10.76 per share.
The total cash amount invested in buybacks up to 10 June 2026 is €3,256,642,080, which is approximately 64.7% of the programme’s maximum investment amount. Including these purchases, the bank has repurchased about 17.1% of its outstanding shares as of 2021, reflecting substantial capital returns to shareholders.
Banco Santander, S.A. has completed a cash tender offer for one series of its U.S. dollar‑denominated Additional Tier 1 (AT1) securities. Holders tendered and the bank accepted $701.6 million aggregate principal amount of its 4.750% Non‑Step‑Up Non‑Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities, out of a $850 million maximum offer amount.
The accepted securities will be cancelled and will not be re‑issued or re‑sold, reducing this AT1 line to $298.4 million outstanding after the offer. The offer expired on June 9, 2026, and settlement is expected on June 11, 2026. All valid tenders were accepted without proration.
Banco Santander reports progress on its ongoing share buyback programme. As of 3 June 2026, the cash amount invested in repurchasing its own shares totals 2,965,628,002 Euros, representing approximately 59% of the programme’s maximum investment amount and about 17% of its outstanding shares as of 2021.
Between 28 May and 3 June 2026, the bank bought 12,765,369 shares on venues including XMAD and CEUX at weighted average prices around 10.65–10.78 Euros per share.