Banco Santander buyback hits €1.056B, 62.1% of program
Banco Santander reported progress on its share buyback programme.
Rhea-AI Filing Summary
Banco Santander reported progress on its share buyback programme. As of 5 November 2025, the bank has purchased shares for €1,055,750,294, equal to 62.1% of the programme’s maximum investment amount announced on 30 July 2025.
For the period from 30 October to 5 November 2025, Santander repurchased 13,100,000 shares across XMAD, CEUX, TQEX and AQEU at transaction-weighted prices around €8.70–€8.87 per share, as listed in the filing’s table. The bank notes that, with these purchases, it has repurchased approximately 14.9% of its outstanding shares as of 2021.
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Insights
Large buyback continues: €1.056B executed, 62.1% of program.
Banco Santander discloses ongoing execution of its buyback programme under EU MAR. Purchases to 5 Nov 2025 total €1,055,750,294, representing 62.1% of the maximum investment amount. Activity during 30 Oct–5 Nov 2025 adds 13,100,000 shares across multiple European venues.
The filing also states that cumulative repurchases since 2021 amount to approximately 14.9% of outstanding shares as of that year. Actual market impact depends on the pace of remaining executions and cancellation policy, which are not detailed in this excerpt. Subsequent disclosures may quantify completion and any share count effects.
FAQ
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How much has Banco Santander (SAN) spent on its buyback to date?
What portion of the buyback programme does this represent for SAN?
What cumulative impact does SAN cite since 2021?
What security is being repurchased in SAN’s programme?
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AI-generated analysis. How Rhea-AI works. Not financial advice.
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 November, 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 November 6, 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 30 October and 5 November 2025 (both inclusive).
The cash amount of the shares purchased to 5 November 2025 as a result of the execution of the Buyback Programme amounts to 1,055,750,294 Euros, which represents approximately 62.1% 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 14.9% of its outstanding shares as of 2021.
| Date | Security | Transaction | Trading venue | Number of shares | Weighted average price (€) |
| 30/10/2025 | SAN | Purchase | XMAD | 2,700,000 | 8.7320 |
| 30/10/2025 | SAN | Purchase | CEUX | 521,329 | 8.7239 |
| 30/10/2025 | SAN | Purchase | TQEX | 124,564 | 8.7375 |
| 30/10/2025 | SAN | Purchase | AQEU | 254,107 | 8.7468 |
| 31/10/2025 | SAN | Purchase | XMAD | 1,350,000 | 8.7832 |
| 31/10/2025 | SAN | Purchase | CEUX | 695,776 | 8.7696 |
| 31/10/2025 | SAN | Purchase | TQEX | 181,622 | 8.7710 |
| 31/10/2025 | SAN | Purchase | AQEU | 272,602 | 8.7696 |
| 03/11/2025 | SAN | Purchase | XMAD | 1,450,000 | 8.8651 |
| 03/11/2025 | SAN | Purchase | CEUX | 632,185 | 8.8461 |
| 03/11/2025 | SAN | Purchase | TQEX | 165,781 | 8.8452 |
| 03/11/2025 | SAN | Purchase | AQEU | 252,034 | 8.8442 |
| 04/11/2025 | SAN | Purchase | XMAD | 1,800,000 | 8.7098 |
| 04/11/2025 | SAN | Purchase | CEUX | 511,867 | 8.6982 |
| 04/11/2025 | SAN | Purchase | TQEX | 195,598 | 8.6987 |
| 04/11/2025 | SAN | Purchase | AQEU | 192,535 | 8.7002 |
| 05/11/2025 | SAN | Purchase | XMAD | 1,260,000 | 8.7870 |
| 05/11/2025 | SAN | Purchase | CEUX | 236,977 | 8.7603 |
| 05/11/2025 | SAN | Purchase | TQEX | 88,377 | 8.7494 |
| 05/11/2025 | SAN | Purchase | AQEU | 214,646 | 8.7479 |
| TOTAL | 13,100,000 |
|
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), 6 November 2025
ANNEX I
Detailed information on each of the transactions carried out within the context of the Buy-back Programme between 30/10/2025 and 05/11/2025 (both inclusive)
(https://www.santander.com/content/dam/santander-com/es/documentos/cumplimiento/do-anexo-i-30-10-a-05-11-2025.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: | November 6, 2025 | By: | /s/ Pedro de Mingo Kaminouchi | |
| Name: | Pedro de Mingo Kaminouchi | |||
| Title: | Head of Corporate Compliance | |||