The buyback is progressing steadily at ~67% of the authorized amount, with recent purchases at ~€11.79. Monitor for completion of the remaining ~€1.66B (32.9%) which could provide continued support. The 17.2% reduction in outstanding shares since 2021 is a meaningful capital return signal for a large cap bank.
Price Chart
Executive Summary
Banco Santander files a 6-K updating its ongoing share buyback program, reporting that as of June 17, 2026, it has repurchased €3.38 billion (67.1% of the program's maximum) of its own shares, representing ~17.2% of outstanding shares since 2021. The filing also details daily purchase transactions on XMAD and CEUX venues between June 11-17.
Key Facts
- Total cash spent on buyback to June 17, 2026: €3,376,585,780 (67.1% of max investment amount)
- Buyback has repurchased ~17.2% of outstanding shares as of 2021
- 10,708,137 shares purchased between June 11-17, 2026 at weighted avg prices ranging €10.5131-€11.7919
- Program was announced via inside information on February 4, 2026 (Buyback Commencement Communication)
Financial Impact
€3.38 billion spent on buyback to date, representing 67.1% of program authorization
Risk Factors
- Buyback execution may slow if market conditions deteriorate
- Remaining program authorization could be modified or cancelled
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000950103-26-009187 |
| Document: 0000950103-26-009187-index-headers.html | 0000950103-26-009187 |
| Document: 0000950103-26-009187-index.html | 0000950103-26-009187 |
| Document: 0000950103-26-009187.txt | 0000950103-26-009187 |
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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