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Banco Santander, S.A. files Form 6-K reports as a foreign private issuer, with materials that document Grupo Santander interim consolidated financial statements and current-event disclosures. The records include balance sheets, income statements, recognised income and expense, equity changes, cash flows, and explanatory notes on financial assets, financial liabilities, provisions, equity, tangible and intangible assets, and non-current assets held for sale.
The filings also cover shareholder remuneration and earnings per share, director and senior-manager remuneration, segment information, related-party matters, off-balance-sheet exposures, capital-structure disclosures, governance matters, shareholder voting matters, and press releases on operating and financial results. Certain 6-K reports are incorporated by reference into a Form F-4 registration statement.
Banco Santander filed a report updating investors on its ongoing share buyback programme. Between 4 and 11 February 2026, the bank repurchased 56,348,000 of its own shares across several European trading venues at weighted average prices around €10.6–€10.9 per share.
By 11 February 2026, the cash amount invested in the Buyback Programme reached €603,165,936, which the bank states is about 12% of the programme’s maximum investment amount. With these purchases, Banco Santander reports it has bought back approximately 15.6% of its outstanding shares as of 2021, meaning a significantly reduced share count compared with that earlier baseline.
Banco Santander filed a report updating investors on its ongoing share buyback programme. Between 4 and 11 February 2026, the bank repurchased 56,348,000 of its own shares across several European trading venues at weighted average prices around €10.6–€10.9 per share.
By 11 February 2026, the cash amount invested in the Buyback Programme reached €603,165,936, which the bank states is about 12% of the programme’s maximum investment amount. With these purchases, Banco Santander reports it has bought back approximately 15.6% of its outstanding shares as of 2021, meaning a significantly reduced share count compared with that earlier baseline.
Banco Santander, S.A. is changing how it presents Group financial information from the first quarter of 2026, following completion of the disposal of a 49% stake in Santander Bank Polska in January 2026.
The bank will adjust underlying results and management metrics related to activity affected by the Poland disposal and reclassify Cards into Retail while keeping its cards processing platform, Plard, within Payment Solutions (renamed from Payments). It will also refine definitions for cost of risk, non-performing loan ratios, and Spain RoTE, and update primary segment names by rebranding Consumer as Openbank and reshaping Wealth’s business line structure.
The company states these reporting changes do not alter Group attributable profit or the financial targets previously presented on 3 February 2026 and are intended to enhance transparency, comparability and alignment with how the business is managed ahead of its Investor Day on 25 February.
Banco Santander, S.A. is changing how it presents Group financial information from the first quarter of 2026, following completion of the disposal of a 49% stake in Santander Bank Polska in January 2026.
The bank will adjust underlying results and management metrics related to activity affected by the Poland disposal and reclassify Cards into Retail while keeping its cards processing platform, Plard, within Payment Solutions (renamed from Payments). It will also refine definitions for cost of risk, non-performing loan ratios, and Spain RoTE, and update primary segment names by rebranding Consumer as Openbank and reshaping Wealth’s business line structure.
The company states these reporting changes do not alter Group attributable profit or the financial targets previously presented on 3 February 2026 and are intended to enhance transparency, comparability and alignment with how the business is managed ahead of its Investor Day on 25 February.
Banco Santander and Webster Financial have signed a definitive transaction agreement for a full business combination. Webster will first merge into a Virginia subsidiary, then that entity will become a wholly owned subsidiary of Santander via a statutory share exchange under Virginia law.
Each Webster share will convert into one share of Webster Virginia Corporation and then be exchanged for 2.0548 Banco Santander ordinary shares plus $48.75 in cash per share. Existing preferred stock series will be mirrored in the Virginia entity with substantially the same rights, and Webster equity awards and the employee stock purchase plan are addressed with detailed conversion and vesting mechanics.
The deal requires shareholder approval at both companies and multiple U.S. and European regulatory approvals, including from the Federal Reserve, OCC, ECB and antitrust authorities. The parties intend the reincorporation merger to qualify as a tax‑free reorganization for U.S. federal income tax purposes.
Banco Santander and Webster Financial have signed a definitive transaction agreement for a full business combination. Webster will first merge into a Virginia subsidiary, then that entity will become a wholly owned subsidiary of Santander via a statutory share exchange under Virginia law.
Each Webster share will convert into one share of Webster Virginia Corporation and then be exchanged for 2.0548 Banco Santander ordinary shares plus $48.75 in cash per share. Existing preferred stock series will be mirrored in the Virginia entity with substantially the same rights, and Webster equity awards and the employee stock purchase plan are addressed with detailed conversion and vesting mechanics.
The deal requires shareholder approval at both companies and multiple U.S. and European regulatory approvals, including from the Federal Reserve, OCC, ECB and antitrust authorities. The parties intend the reincorporation merger to qualify as a tax‑free reorganization for U.S. federal income tax purposes.
Banco Santander used its FY 2025 results call to detail the planned acquisition of Webster Financial, a bolt-on deal aimed at scaling its U.S. franchise. Santander will pay about €10.3 billion, with 65% in cash and the rest in shares, implying a 140 bps hit to its CET1 ratio.
Management targets around €800 million in annual cost synergies, mainly €480 million from overlapping head offices and €300 million from technology integration, plus roughly €1 billion of restructuring costs largely offset by the Poland sale gain. They expect U.S. ROTE to rise from about 10% to 18% and group ROTE to exceed 20% by 2028, with EPS accretion of 7–8% and a cash-on-cash ROIC near 15%, above the roughly 9% return on share buybacks.
Banco Santander used its FY 2025 results call to detail the planned acquisition of Webster Financial, a bolt-on deal aimed at scaling its U.S. franchise. Santander will pay about €10.3 billion, with 65% in cash and the rest in shares, implying a 140 bps hit to its CET1 ratio.
Management targets around €800 million in annual cost synergies, mainly €480 million from overlapping head offices and €300 million from technology integration, plus roughly €1 billion of restructuring costs largely offset by the Poland sale gain. They expect U.S. ROTE to rise from about 10% to 18% and group ROTE to exceed 20% by 2028, with EPS accretion of 7–8% and a cash-on-cash ROIC near 15%, above the roughly 9% return on share buybacks.
Banco Santander has approved a share buy-back programme of approximately €5,030 million, returning a large amount of capital to shareholders. The programme, authorised under resolutions from the March 2023 shareholder meeting, starts immediately.
About €1,830 million reflects around 25% of the Group’s underlying profit for the second half of 2025, in line with its policy of distributing roughly half of underlying profit via dividends and buybacks. An additional €3,200 million is an extraordinary buy-back, representing about 50% of CET1 capital generated from selling 49% of Santander Bank Polska to Erste Group. The bank notes the programme may be temporarily suspended or adapted, including in connection with its announced acquisition of Webster Financial Corporation, and any interruption, termination or modification will be communicated to regulators.
Banco Santander has approved a share buy-back programme of approximately €5,030 million, returning a large amount of capital to shareholders. The programme, authorised under resolutions from the March 2023 shareholder meeting, starts immediately.
About €1,830 million reflects around 25% of the Group’s underlying profit for the second half of 2025, in line with its policy of distributing roughly half of underlying profit via dividends and buybacks. An additional €3,200 million is an extraordinary buy-back, representing about 50% of CET1 capital generated from selling 49% of Santander Bank Polska to Erste Group. The bank notes the programme may be temporarily suspended or adapted, including in connection with its announced acquisition of Webster Financial Corporation, and any interruption, termination or modification will be communicated to regulators.
Webster Financial Corporation plans to be acquired by Banco Santander, S.A., which announced an agreement to buy Webster on Tuesday, February 3. The deal is subject to customary closing conditions, including multiple regulatory approvals and shareholder approvals for both companies, and is expected to close in the second half of 2026.
Until the transaction is completed, Webster and Santander will continue to operate as separate banks, with no changes to client products, services, or account protections. Santander emphasizes continued relationship-based service, ongoing investment in digital platforms, and states that the transaction is intended to strengthen its profitability and capital position in the U.S. The communication also highlights extensive forward‑looking risks around regulatory approvals, integration, costs, market conditions, and potential dilution from Santander issuing additional shares.
Webster Financial Corporation plans to be acquired by Banco Santander, S.A., which announced an agreement to buy Webster on Tuesday, February 3. The deal is subject to customary closing conditions, including multiple regulatory approvals and shareholder approvals for both companies, and is expected to close in the second half of 2026.
Until the transaction is completed, Webster and Santander will continue to operate as separate banks, with no changes to client products, services, or account protections. Santander emphasizes continued relationship-based service, ongoing investment in digital platforms, and states that the transaction is intended to strengthen its profitability and capital position in the U.S. The communication also highlights extensive forward‑looking risks around regulatory approvals, integration, costs, market conditions, and potential dilution from Santander issuing additional shares.
Banco Santander, S.A. has agreed to acquire Webster Financial Corporation, with closing expected in the second half of 2026, subject to regulatory and shareholder approvals. Until approvals are received and the deal is completed, Santander and Webster will continue operating as separate banks and customers will see no changes to their day-to-day banking.
The communication stresses that accounts, loans, cards, online banking, fees, interest rates, complaint handling, and dispute resolution processes remain the same for now. Deposits will continue to be protected under U.S. law, including FDIC insurance up to $250,000 at each FDIC-insured bank. Customers are told they do not need to take any action and will be notified directly and in advance if products, branch branding, branch locations, or account details change. The document also includes standard forward‑looking statement disclaimers and directs investors to review a forthcoming F‑4 registration statement and proxy statement/prospectus for detailed information on the transaction.
Banco Santander, S.A. has agreed to acquire Webster Financial Corporation, with closing expected in the second half of 2026, subject to regulatory and shareholder approvals. Until approvals are received and the deal is completed, Santander and Webster will continue operating as separate banks and customers will see no changes to their day-to-day banking.
The communication stresses that accounts, loans, cards, online banking, fees, interest rates, complaint handling, and dispute resolution processes remain the same for now. Deposits will continue to be protected under U.S. law, including FDIC insurance up to $250,000 at each FDIC-insured bank. Customers are told they do not need to take any action and will be notified directly and in advance if products, branch branding, branch locations, or account details change. The document also includes standard forward‑looking statement disclaimers and directs investors to review a forthcoming F‑4 registration statement and proxy statement/prospectus for detailed information on the transaction.
Banco Santander uses this interview-style communication to explain its planned acquisition of Webster Financial. Management highlights the United States as a core market, noting that profit in the US has risen about 30% over the last three years with an adjusted 15% RoTE.
The deal is described as a bolt-on acquisition expected to add about 4% to Santander’s group loan book and targeted to deliver an 18% RoTE by the end of 2028, with roughly 15% return on invested capital. Santander reiterates its commitment to return at least €10 billion over 2025–2026 and announces a €5 billion share buyback linked to the sale of its Poland business and 2025 results. The communication also outlines future leadership: Webster CEO John Ciulla will lead the combined US bank, with Luis Massiani as COO and Christiana remaining overall Santander US CEO and president, and includes extensive forward-looking statement and proxy-solicitation disclosures.
Banco Santander uses this interview-style communication to explain its planned acquisition of Webster Financial. Management highlights the United States as a core market, noting that profit in the US has risen about 30% over the last three years with an adjusted 15% RoTE.
The deal is described as a bolt-on acquisition expected to add about 4% to Santander’s group loan book and targeted to deliver an 18% RoTE by the end of 2028, with roughly 15% return on invested capital. Santander reiterates its commitment to return at least €10 billion over 2025–2026 and announces a €5 billion share buyback linked to the sale of its Poland business and 2025 results. The communication also outlines future leadership: Webster CEO John Ciulla will lead the combined US bank, with Luis Massiani as COO and Christiana remaining overall Santander US CEO and president, and includes extensive forward-looking statement and proxy-solicitation disclosures.
Banco Santander, S.A. outlines its planned acquisition of Webster Financial Corporation and describes it as a strategic transaction that will combine their banking operations. The communication emphasizes that it is not an offer to sell securities or a recommendation to buy, sell, or vote on any securities.
It contains extensive forward‑looking statements language, stressing that expected cost savings, synergies and other benefits from the transaction are uncertain and subject to many risks. These include failure to obtain regulatory or stockholder approvals, potential delays or termination of the deal, integration challenges, higher‑than‑expected costs, reputational impacts, and dilution from issuing additional Banco Santander ordinary shares and American depositary shares for the transaction.
Investors are urged to read the future registration statement on Form F‑4 and the related proxy statement/prospectus when they become available on the SEC’s website, as these will provide detailed information about Webster, Banco Santander and the proposed transaction.
Banco Santander, S.A. outlines its planned acquisition of Webster Financial Corporation and describes it as a strategic transaction that will combine their banking operations. The communication emphasizes that it is not an offer to sell securities or a recommendation to buy, sell, or vote on any securities.
It contains extensive forward‑looking statements language, stressing that expected cost savings, synergies and other benefits from the transaction are uncertain and subject to many risks. These include failure to obtain regulatory or stockholder approvals, potential delays or termination of the deal, integration challenges, higher‑than‑expected costs, reputational impacts, and dilution from issuing additional Banco Santander ordinary shares and American depositary shares for the transaction.
Investors are urged to read the future registration statement on Form F‑4 and the related proxy statement/prospectus when they become available on the SEC’s website, as these will provide detailed information about Webster, Banco Santander and the proposed transaction.
Banco Santander reported record 2025 results and announced a bolt‑on acquisition of Webster Financial Corporation for $12.2 billion. Profit reached €14.1 billion, with revenue up 4% in constant euros, cost/income around 41%, and post‑AT1 ROTE of 16.3%. The bank generated record net operating income of nearly €37 billion, improved its fully‑loaded CET1 ratio to 13.5%, and grew TNAV plus dividend per share by 14%.
Santander plans at least €10 billion of share buybacks for 2025–2026, including a newly approved €5 billion program. It sold Santander Polska at 2.2x tangible book, using capital for buybacks and the TSB acquisition. In the US, 2023–2025 profit grew over 30% to $1.7 billion, achieving a 15% adjusted ROTE.
The Webster deal will be funded 65% in cash and 35% in Santander shares. Santander targets about $800 million pre‑tax cost synergies (around 19% of combined costs), a roughly 15% return on invested capital, and 7–8% EPS accretion by 2028. Group CET1 is expected around 12.8% at closing, with an estimated 140-basis‑point impact from the transaction and a return above 13% CET1 in 2027. Santander expects US post‑AT1 ROTE to reach 18% by 2028 and Group ROTE to exceed 20%, supported by its "One Transformation" program, US and UK integrations, and growth in CIB, Wealth, and Payments.
Banco Santander reported record 2025 results and announced a bolt‑on acquisition of Webster Financial Corporation for $12.2 billion. Profit reached €14.1 billion, with revenue up 4% in constant euros, cost/income around 41%, and post‑AT1 ROTE of 16.3%. The bank generated record net operating income of nearly €37 billion, improved its fully‑loaded CET1 ratio to 13.5%, and grew TNAV plus dividend per share by 14%.
Santander plans at least €10 billion of share buybacks for 2025–2026, including a newly approved €5 billion program. It sold Santander Polska at 2.2x tangible book, using capital for buybacks and the TSB acquisition. In the US, 2023–2025 profit grew over 30% to $1.7 billion, achieving a 15% adjusted ROTE.
The Webster deal will be funded 65% in cash and 35% in Santander shares. Santander targets about $800 million pre‑tax cost synergies (around 19% of combined costs), a roughly 15% return on invested capital, and 7–8% EPS accretion by 2028. Group CET1 is expected around 12.8% at closing, with an estimated 140-basis‑point impact from the transaction and a return above 13% CET1 in 2027. Santander expects US post‑AT1 ROTE to reach 18% by 2028 and Group ROTE to exceed 20%, supported by its "One Transformation" program, US and UK integrations, and growth in CIB, Wealth, and Payments.