This routine weekly buyback update is neutral — no new information on fundamentals or program changes. The steady pace of repurchases provides a modest ongoing bid for the stock. Monitor subsequent weekly filings for any change in pace or early completion announcement as the program approaches its €5B cap.
Price Chart
Executive Summary
Banco Santander reported weekly buyback progress for the week ending July 1, 2026, repurchasing 8.4 million shares for approximately €99 million at an average price of ~€11.90. Cumulative spend of €3.63 billion represents 72.2% of the €5 billion maximum authorized, and the program has retired ~17.3% of shares outstanding as of 2021. This routine progress update confirms the buyback is on track, with no change in program parameters or company fundamentals.
Key Facts
- Repurchased 8,399,608 shares between June 25 and July 1, 2026, at a weighted average price range of €11.81-€12.03
- Cumulative spend reached €3,631,865,722, representing 72.2% of the maximum authorized investment
- The buyback program has repurchased approximately 17.3% of outstanding shares as of 2021
- Weekly buyback volume averaged ~1.68 million shares/day over the 5 trading days
- Filing is a routine weekly progress update — no change in program scope, timeline, or authorization
Financial Impact
Weekly share buyback spend of approximately €99 million at current average price, with cumulative spend of €3.63 billion remaining within authorized program cap
Risk Factors
- Buyback pace may slow as program nears its €5B maximum investment cap
- No update on underlying business performance or capital adequacy in this filing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000950103-26-010021 |
| Document: 0000950103-26-010021-index-headers.html | 0000950103-26-010021 |
| Document: 0000950103-26-010021-index.html | 0000950103-26-010021 |
| Document: 0000950103-26-010021.txt | 0000950103-26-010021 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 25-NSE | $14.74 $14.62 | ▼ −0.81% | ▼ −0.92% | $13.36 (−9.36%) |
Sep 10, 2026 22d ago | 6-K | $14.63 $14.82 | ▲ +1.30% | ▲ +1.80% | $13.36 (−8.68%) |
Sep 3, 2026 29d ago | 6-K | $15.05 $14.96 | ▼ −0.60% | ▲ +0.55% | $13.36 (−11.23%) |
Sep 1, 2026 4w ago | 6-K | $14.38 $14.68 | ▲ +2.09% | ▲ +2.00% | $13.36 (−7.09%) |
Sep 1, 2026 4w ago | 6-K | $14.38 $14.68 | ▲ +2.09% | ▲ +2.00% | $13.36 (−7.09%) |
Aug 27, 2026 5w ago | 6-K | $14.55 awaiting T+5 | awaiting T+5 | — | $13.36 (−8.18%) |
Aug 21, 2026 6w ago | 6-K | $14.59 $14.67 | ▲ +0.55% | ▲ +0.07% | $13.36 (−8.43%) |
Aug 20, 2026 6w ago | 6-K | $14.21 $14.55 | ▲ +2.39% | ▲ +1.28% | $13.36 (−5.98%) |
Aug 18, 2026 6w ago | 424B5 | $14.24 $14.63 | ▲ +2.74% | ▲ +2.94% | $13.36 (−6.18%) |
Aug 13, 2026 7w ago | 6-K | $14.78 $14.21 | ▼ −3.86% | ▼ −1.89% | $13.36 (−9.61%) |
US Market Status
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