Banco Santander reported strong Q1 2026 results, with underlying profit of €3.56 billion, up 12%, helped by higher customer activity and tight cost control. Total income rose 4% to €15.14 billion, while costs fell 3%, improving the efficiency ratio to 42.8%.
Attributable profit reached €5.46 billion, up 60%, boosted by a €1.9 billion net capital gain from the sale of Santander Bank Polska. The CET1 capital ratio increased to 14.4%, and the bank added eight million customers over 12 months, reaching 176 million.
Credit quality remained solid, with cost of risk at 1.14%. Santander raised tangible net asset value plus cash dividend per share by 19% and maintained an active capital return policy, including a final 2025 cash dividend of 12.5 euro cents per share and a share buyback programme of up to around €5 billion. The group reiterated its 2026–2028 financial targets, including a RoTE above 20% and attributable profit above €20 billion by 2028.
Banco Santander reports progress on its ongoing share buyback programme. As of 23 April 2026, the bank has spent €2,829,295,540 repurchasing shares, equal to approximately 56.3% of the programme’s maximum investment amount.
These repurchases correspond to about 16.9% of Banco Santander’s outstanding shares as of 2021. Between 16 and 23 April 2026, the bank bought 11,994,505 shares across several European trading venues at weighted average prices around €10.32–€10.79 per share.
Banco Santander, S.A. has outlined the issuance of up to 334,809,216 new ordinary shares in connection with its acquisition of Webster Financial Corporation. Instead of publishing an EU prospectus, the bank is relying on specific exemptions under the EU Prospectus Regulation.
To support this approach, Banco Santander has published an Exemption Document on its corporate website, prepared under Annex IX of the Prospectus Regulation and filed with the Spanish securities regulator (CNMV). The Exemption Document is made available to the public but is not a prospectus and has not been reviewed or approved by the CNMV under Article 20 of the Prospectus Regulation.
Banco Santander, S.A. is temporarily suspending its share buyback programme in connection with its agreed acquisition of Webster Financial Corporation. The pause is required under U.S. regulations because Webster’s stockholders will receive Banco Santander shares as part of the deal consideration.
The buyback will be suspended from 24 April 2026, when the proxy statement/prospectus is first mailed to Webster stockholders, through 26 May 2026, the date of Webster’s stockholders’ meeting. Banco Santander expects to resume repurchases on 27 May 2026 and now expects the buyback programme to run until 20 August 2026.
Banco Santander, S.A. announced it will disclose its first quarter 2026 financial results on 29 April 2026. The Bank will host an analyst presentation via audio conference at 10:00 a.m. Madrid time, accessible through its corporate website.
Related documentation will be released beforehand via a communication to the CNMV and on www.santander.com. A separate presentation for the media will follow via audio conference at 12:00 p.m. Madrid time, focusing on the same first quarter 2026 results.
Banco Santander reports progress on its previously announced share buyback programme. As of 15 April 2026, the bank has repurchased shares for a cash amount of €2,705,497,424, representing approximately 53.8% of the programme’s maximum investment amount.
These purchases mean the bank has bought back around 16.8% of its outstanding shares as of 2021. Between 8 and 15 April 2026, it acquired 6,000 shares on the XMAD market at weighted average prices between about €10.33 and €10.63 per share.
Banco Santander, S.A. reports the issuance of $400,000,000 Senior Non Preferred Floating Rate Notes due 2029, $1,000,000,000 4.600% Senior Non Preferred Fixed Rate Notes due 2029, $1,250,000,000 4.867% Senior Non Preferred Fixed Rate Notes due 2031, and $1,000,000,000 5.437% Senior Non Preferred Fixed Rate Notes due 2036. The company is furnishing this report to incorporate the related underwriting agreement, senior non preferred debt securities indenture, supplemental indenture, global note forms, and legal opinions into its existing Registration Statement on Form F-3.
Banco Santander, S.A. reports that Banco de España has notified new binding minimum requirements for own funds and eligible liabilities (MREL) for the resolution group headed by Banco Santander, replacing the prior framework. The new Total MREL is 31.17% of total risk‑weighted assets and 11.86% of leverage ratio exposure, while Subordinated MREL is 11.56% and 6.11%, respectively. The applicable Combined Buffer Requirement on risk‑weighted assets is 4.42%, so Total MREL plus this buffer is 35.59%. As of 31 December 2025, the group’s own funds and eligible liabilities structure meets both Total and Subordinated MREL requirements.
Banco Santander, S.A. is offering four series of senior non preferred notes totaling $3,650,000,000: $400,000,000 floating-rate notes due April 15, 2029 (SOFR-linked + 0.99% margin), and three fixed-rate series due April 15, 2029, April 15, 2031 and April 15, 2036 bearing 4.600%, 4.867% and 5.437%, respectively.
The notes are senior non preferred obligations under Spanish law, rank pari passu with similar senior non preferred liabilities, are junior to Senior Higher Priority Liabilities and senior to subordinated obligations, and include investor acknowledgements regarding the exercise of Spanish resolution/bail-in powers. Net proceeds, about $3.64B, will be used for general corporate purposes.