6-K ·Filed Sep 10, 2026

SAN

Banco Santander, S.A.
NEUTRAL
Impact 2/10
Horizonweeks Processed22d 9h ago SEC0000950103-26-013742
Notable filing: 6-K
Actionable Insight • Neutral

Monitor the remaining ~74% of the buyback authorization for further execution. The buyback provides ongoing price support, but the debt offering (424B5 filed 23 days ago) is a separate capital management activity. No immediate catalyst from this filing.

DirectionNeutral
Confidencehigh
Horizonweeks
Latest settled — T+5d
SAN ▲ +1.30% at T+5d
NEUTRAL call ✓ call won +1.30% · α vs SPY +1.80% · entry $14.63 → $14.82
Next anchor: T+20d in 6d
Latest observation: T+15 -11.79% FF3 residual α
Entry anchored
Sep 10, 04:33 AM ET
via 1-min bar
T+1d
+2.26%
call +2.26% · α +1.40%
$14.96
settled 21d ago
T+5d
+1.30%
call +1.30% · α +1.80%
$14.82
settled 15d ago
T+20d
—
call — · α —
—
in 6d
T+60d
—
call — · α —
—
in 2mo

Price Chart

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Executive Summary

Banco Santander filed a routine 6-K update on its share buyback program, disclosing transactions from Sep 3-9, 2026. Cumulative purchases reached €469M, or 25.7% of the program's maximum investment amount, and the bank has repurchased ~18.2% of its outstanding shares since 2021. This is a periodic disclosure with no new material information — the buyback was announced on Aug 10, 2026.

Key Facts

  • Cumulative buyback purchases through Sep 9, 2026: €468,982,200 (25.7% of max investment amount).
  • Bank has repurchased approximately 18.2% of its outstanding shares as of 2021.
  • 12,800,000 shares were repurchased during the Sep 3-9 period across multiple trading venues.
  • Buyback program was originally announced on Aug 10, 2026 (inside information notice registry no. 3336).

Financial Impact

Cumulative buyback of €469M, representing 25.7% of the program's maximum; no new financial figures disclosed.

cash flowshare countcapital return

Risk Factors

  • Buyback execution pace may slow if capital conditions change.
  • Debt offering (424B5) increases leverage, though routine for a large bank.

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)0000950103-26-013742
Document: 0000950103-26-013742-index-headers.html0000950103-26-013742
Document: 0000950103-26-013742-index.html0000950103-26-013742
Document: 0000950103-26-013742.txt0000950103-26-013742
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 36m)

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