6-K ·Filed Aug 13, 2026

SAN

Banco Santander, S.A.
NEUTRAL
Impact 2/10
Horizondays Processed1mo ago SEC0000950103-26-012282
Notable filing: 6-K
Actionable Insight • Neutral

No new catalyst — this is a routine weekly buyback disclosure. The program is nearing completion (~92.5% spent), so the pace of future repurchases will taper. Monitor for the final program completion announcement which could provide a modest positive signal on capital management discipline.

DirectionNeutral
Confidencehigh
Horizondays
Latest settled — T+20d
SAN ▲ +1.22% at T+20d
NEUTRAL call ✓ call won +1.22% · α vs SPY +2.96% · entry $14.78 → $14.96
Next anchor: T+60d in 5w
Latest observation: T+32 -3.63% FF3 residual α
Entry anchored
Aug 13, 04:01 AM ET
via 1-min bar
T+1d
-0.14%
call -0.14% · α +0.06%
$14.76
settled 7w ago
T+5d
-3.86%
call -3.86% · α -1.89%
$14.21
settled 6w ago
T+20d
+1.22%
call +1.22% · α +2.96%
$14.96
settled 21d ago
T+60d
—
call — · α —
—
in 5w

Price Chart

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Executive Summary

Banco Santander filed a routine 6-K providing a weekly update on its ongoing share buyback program. Through August 12, 2026, the bank has repurchased €4.65 billion in shares, representing 92.5% of the program's maximum investment amount and approximately 17.8% of shares outstanding as of 2021. This is a mechanical progress report on a previously announced capital return program with no new material information.

Key Facts

  • Buyback program is 92.5% complete with €4.65 billion spent
  • Program has repurchased ~17.8% of shares outstanding as of 2021
  • 20 million shares repurchased between August 6-12, 2026 at weighted average prices of €12.84-€12.97
  • This is a routine weekly transaction disclosure under EU Market Abuse Regulation

Financial Impact

€4.65 billion spent on buyback to date (92.5% of program max)

share countcapital return

Risk Factors

  • No material risks identified in this routine filing
  • Buyback completion removes a source of ongoing demand for shares

Market Snapshot

Exchange
OTC
Sector
Commercial Banks, NEC
Analyst Consensus
76% bullish (29 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0000950103-26-012282
Document: 0000950103-26-012282-index-headers.html0000950103-26-012282
Document: 0000950103-26-012282-index.html0000950103-26-012282
Document: 0000950103-26-012282.txt0000950103-26-012282
26 reports for SAN
Performance horizon
100% Hit rate 8 of 8 directional calls best @ T+20▲ +8.52%Jul 16, 2026
Filters
Rows
Reports for SAN — sortable, filterable
TypeNow
Sep 14, 2026
18d ago
25-NSE
NEUTRAL ★ 2/10
$14.74 $14.62▼ −0.81%▼ −0.92%$13.36 (−9.36%)
Sep 10, 2026
22d ago
6-K
NEUTRAL ★ 2/10
$14.63 $14.82▲ +1.30%▲ +1.80%$13.36 (−8.68%)
Sep 3, 2026
29d ago
6-K
NEUTRAL ★ 3/10
$15.05 $14.96▼ −0.60%▲ +0.55%$13.36 (−11.23%)
Sep 1, 2026
4w ago
6-K
NEUTRAL ★ 3/10
$14.38 $14.68▲ +2.09%▲ +2.00%$13.36 (−7.09%)
Sep 1, 2026
4w ago
6-K
NEUTRAL ★ 2/10
$14.38 $14.68▲ +2.09%▲ +2.00%$13.36 (−7.09%)
Aug 27, 2026
5w ago
6-K
NEUTRAL ★ 3/10
$14.55 awaiting T+5awaiting T+5—$13.36 (−8.18%)
Aug 21, 2026
6w ago
6-K
NEUTRAL ★ 2/10
$14.59 $14.67▲ +0.55%▲ +0.07%$13.36 (−8.43%)
Aug 20, 2026
6w ago
6-K
MIXED ★ 6/10
$14.21 $14.55▲ +2.39%▲ +1.28%$13.36 (−5.98%)
Aug 18, 2026
6w ago
424B5
NEUTRAL ★ 3/10
$14.24 $14.63▲ +2.74%▲ +2.94%$13.36 (−6.18%)
Aug 13, 2026
7w ago
6-K
NEUTRAL ★ 2/10
$14.78 $14.21▼ −3.86%▼ −1.89%$13.36 (−9.61%)
Showing 10 of 26

US Market Status

Market Closed — Opens Mon (64h 37m)

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