Banco Santander S.A. filings document foreign-issuer disclosures for a global banking group and its ADR program. Form 6-K reports include interim consolidated financial statements, operating results, shareholder remuneration, segment information, financial assets and liabilities, provisions, equity, related-party matters, off-balance-sheet exposures, and director and senior manager remuneration.
The filing record also covers material-event disclosures, share buyback transactions, capital-structure matters, registration-statement updates, securities-law exemption documents, and completed acquisition disclosures. These filings provide formal records of governance, capital actions, financial reporting, and corporate transactions affecting Banco Santander and its banking group.
Banco Santander, S.A. outlines a 2026–2028 strategic plan focused on profitable growth, capital strength and higher shareholder payouts. The group is targeting a return on tangible equity above 20% by 2028, with profit of more than €20 billion and a Common Equity Tier 1 ratio of about 13% within a 12–13% operating range.
The plan calls for double‑digit annual EPS growth from 2026 to 2028, low‑ to mid‑single‑digit revenue growth, and cost reductions each year, helped by its ONE Transformation program. Santander expects net interest income to grow at low‑ to mid‑single‑digit rates, supported by active balance sheet, ALCO and hedging management, and a loan book mix shift toward lower‑risk segments.
Shareholder remuneration is planned at about 50% of underlying profit for 2026–2028, with an increased cash dividend payout of around 35% from 2027 and roughly 15% in share buybacks, plus the return of any excess capital above 13% at the end of the period, all subject to future corporate and regulatory approvals. Operationally, Santander aims to grow total customers to over 210 million by 2028, lift fee income at high single‑digit rates and keep group cost of risk around 1–1.10% on average, while integrating the pending TSB and Webster transactions.
Banco Santander, S.A. used this 6‑K to share its Group CEO’s Investor Day strategy and financial targets for 2026–2028, emphasizing its “ONE Transformation” model and network businesses. The bank is aiming for a RoTE above 20% and profit over <money>€20bn</money> by 2028, supported by mid‑single‑digit revenue growth and yearly cost reductions in constant euros. Management highlights an operating CET1 ratio range of 12–13%, with capital above 13% intended to be returned at the end of the plan, subject to corporate and regulatory decisions.
The board intends to apply an ordinary shareholder remuneration policy allocating roughly 125 million active customers and more than 210 million total customers by 2028, with cost per active customer reduced from <money>€264</money> in 2025 to about <money>€220</money> in constant euros.
Banco Santander uses this investor presentation to lay out 2026–2028 strategic and financial targets, supported by its ONE Transformation program and planned bolt-on deals TSB and Webster, both still subject to customary approvals.
The group aims for underlying profit of more than €20bn and RoTE above 20% by 2028, while keeping its CET1 ratio in a 12–13% operating range and returning any capital above 13% at the end of the plan. Management targets mid-single-digit revenue growth with total costs falling each year in constant euros, helped by €4–5bn of transformation efficiencies and cost synergies, including more than £400mn from TSB and about $800mn from Webster at full run rate.
The bank plans to cut its efficiency ratio from 45.3% in 2025 to about 36% in 2028 and to grow customers from 180mn to more than 210mn, with active customers rising to about 125mn. The board intends to apply a shareholder remuneration policy of around 50% payout of underlying profit for 2026–2028, split between cash dividends and share buybacks, with approximately 35% in cash dividends and 15% in buybacks from 2027 results.
Banco Santander outlines its 2026–2028 strategic plan, targeting profit of over €20 billion, a RoTE above 20% and an efficiency ratio of about 36% by 2028. The bank aims to serve more than 210 million customers and operate with a CET1 ratio of around 13% within its 12–13% target range.
Capital returns remain central: total shareholder remuneration against 2025 results is about €7.05 billion, roughly 50% of attributable profit, split between cash dividends and share buybacks. The total 2025 cash dividend is 24 euro cents per share, up from 21 euro cents for 2024, and the board intends to more than double the cash dividend per share by 2028 versus 2025.
Santander highlights a record attributable profit of €14.1 billion in 2025, EPS growth of 68% over 2023–2025 and a share price increase of over 250% since 2021. It has committed at least €10 billion of buybacks from 2025–2026 earnings, including a new approximately €5 billion programme. The plan assumes completion of the TSB and Webster acquisitions, with UK and US RoTE expected around 16% and 18% respectively by 2028.
Banco Santander plans to ask shareholders at its 2026 Annual Shareholders’ Meeting to approve a final gross cash dividend of €12.50 cents per share against 2025 results. If approved, the dividend would be paid on 5 May 2026.
The last day to trade shares with dividend rights would be 29 April, the ex-dividend date 30 April, and the record date 4 May. The AGM is scheduled for 26 March 2026 on first call or 27 March 2026 on second call, and is expected to be held on second call.
Banco Santander reports progress on its ongoing share buyback programme. Between 12 and 18 February 2026, the bank repurchased 52,195,521 of its own shares across several European trading venues.
The total cash amount invested in the buyback reached 1,146,817,035 Euros as of 18 February 2026, which the bank states is approximately 22.8% of the programme’s maximum investment amount. Overall, these purchases mean the bank has repurchased approximately 15.9% of its outstanding shares as of 2021.
Banco Santander, S.A. has scheduled an Investor Day in London for 25 February 2026. The Group Executive Chair Ana Botín, CEO Héctor Grisi and CFO José García Cantera will present the bank’s overall strategy and outlook.
The event will start at 14:00 Madrid time (13:00 London time). Presentation materials will be released beforehand via a communication to the CNMV and on Santander’s corporate website, and a recording of the presentations will be made available on the website after the event.
Banco Santander, S.A. filed a Form 13F reporting its institutional holdings as of the reporting period. The filing lists 901 holdings with a total value of $13,354,746,042 and names 5 other included managers. The report was signed by Ruben Navajo on 02-10-2026.
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.