The buyback is progressing at a moderate pace (30.6% of max in ~5 weeks). Monitor future 6-K filings for pace changes or completion announcements, which could signal management's view on valuation. The concurrent debt offering (424B5 filed Aug 18) suggests balanced capital management — no immediate catalyst.
Price Chart
Executive Summary
Banco Santander reported weekly buyback progress from September 10-16, 2026, repurchasing 7.1 million shares for a total cash outlay of approximately €558.9 million, representing 30.6% of the maximum investment amount and 18.2% of shares outstanding as of 2021. The buyback is proceeding at a steady pace, consistent with the previously announced program.
Key Facts
- Total cash spent on buyback to September 16, 2026: €558,894,930 (30.6% of maximum investment amount)
- Repurchased approximately 18.2% of outstanding shares as of 2021
- 7,100,000 shares repurchased during the September 10-16 period across four trading venues (XMAD, CEUX, TQEX, AQEU)
- Weighted average prices ranged from €12.5911 to €12.8061 per share
- Buyback program was announced on August 10, 2026
Financial Impact
€558.9 million spent on buyback (30.6% of program maximum); 7.1 million shares repurchased in the week
Risk Factors
- Buyback pace may slow if capital requirements tighten or regulatory constraints increase
- Program completion does not guarantee share price support; market conditions could shift
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000950103-26-014067 |
| Document: 0000950103-26-014067-index-headers.html | 0000950103-26-014067 |
| Document: 0000950103-26-014067-index.html | 0000950103-26-014067 |
| Document: 0000950103-26-014067.txt | 0000950103-26-014067 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 6-K | $12.90 | awaiting T+20 | awaiting T+20 | $12.47 (−3.33%) |
Oct 21, 2026 6d ago | 6-K | $13.29 | awaiting T+20 | awaiting T+20 | $12.47 (−6.17%) |
Oct 15, 2026 12d ago | 6-K | $13.46 | awaiting T+20 | awaiting T+20 | $12.47 (−7.36%) |
Oct 15, 2026 12d ago | 6-K | $13.46 | awaiting T+20 | awaiting T+20 | $12.47 (−7.36%) |
Oct 15, 2026 12d ago | 6-K | $13.46 | awaiting T+20 | awaiting T+20 | $12.47 (−7.36%) |
Oct 14, 2026 13d ago | 6-K | $13.41 | awaiting T+20 | awaiting T+20 | $12.47 (−7.01%) |
Oct 14, 2026 13d ago | 6-K | $13.41 | awaiting T+20 | awaiting T+20 | $12.47 (−7.01%) |
Oct 8, 2026 19d ago | 6-K | $13.48 | awaiting T+20 | awaiting T+20 | $12.47 (−7.49%) |
Oct 1, 2026 26d ago | 6-K | $13.28 | awaiting T+20 | awaiting T+20 | $12.47 (−6.10%) |
Sep 29, 2026 28d ago | 6-K | $14.19 $12.47 | ▼ −12.12% | ▼ −12.84% | $12.47 (−12.12%) |
US Market Status
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