Banco Santander repurchases 1,175,196,981 euros in shares under buyback programme
Banco Santander has spent 1,175,196,981 Euros on its buyback programme up to 7 October 2026, reaching approximately 64.4% of the maximum investment amount.
What happened
The cash amount of shares purchased to 7 October 2026 under the execution of the Buyback Programme amounts to 1,175,196,981 Euros. The repurchased amount represents approximately 64.4% of the maximum investment amount of the Buyback Programme.
On 01/10/2026, Banco Santander purchased 4,350,000 shares on XMAD at a weighted average price of 12.0668 euros. On 02/10/2026, Banco Santander purchased 4,243,329 shares on XMAD at a weighted average price of 11.7531 euros. On 05/10/2026, Banco Santander purchased 2,347,595 shares on XMAD at a weighted average price of 12.1355 euros.
Board of Directors authorizes buyback to return cash to selling shareholders
The Buyback Programme was approved by the Board of Directors of Banco Santander. The plan was referenced in a notice of inside information of 10 August 2026.
A share buyback occurs when a company buys its own shares back from the open market. This process distributes cash directly to investors selling their shares and retires equity from public trading.
Bank has repurchased approximately 18.5% of shares since 2021
With these purchases, Banco Santander has repurchased approximately 18.5% of its outstanding shares as of 2021. The cumulative buybacks reflect ongoing activity carried out under the approved programme.
Reducing the total share count concentrates equity ownership across remaining shares. Ongoing capital return initiatives demonstrate how the banking group manages its capital base over time.
