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6-K ·Filed Sep 24, 2026

SAN

Banco Santander, S.A.
NEUTRAL
Impact 3/10
Horizonweeks Processed1mo ago SEC0000950103-26-014421
Notable filing: 6-K
Actionable Insight • Neutral

The buyback is progressing steadily at ~38% of the maximum investment amount. Monitor future weekly updates for pace of execution and any announcement of program completion or expansion.

DirectionNeutral
Confidencehigh
Horizonweeks
Latest settled: T+20d
SAN ▼ -9.66% at T+20d
NEUTRAL call -9.66% · α vs SPY -9.24% · entry $14.28 → $12.90
Next anchor: T+60d in 7w
Latest observation: T+21 -8.43% FF3 residual α
Entry = T+0 close
Sep 24, 2026
via day close
T+1d
+0.98%
call +0.98% · α +0.44%
$14.42
settled 5w ago
T+5d
-7.00%
call -7.00% · α -6.59%
$13.28
settled 27d ago
T+20d
-9.66%
call -9.66% · α -9.24%
$12.90
settled 6d ago
T+60d
Pending
in 7w

Price Chart

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Executive Summary

Banco Santander provides a weekly update on its ongoing share buyback program, reporting that as of September 23, 2026, it has repurchased shares for a total cash amount of €696.8 million, representing 38.2% of the program's maximum investment amount. The bank has repurchased approximately 18.3% of its outstanding shares as of 2021.

Key Facts

  • Total cash spent on buyback through September 23, 2026: €696,824,000
  • Buyback program 38.2% complete by maximum investment amount
  • Bank has repurchased approximately 18.3% of its outstanding shares as of 2021
  • 10,900,000 shares repurchased between September 17-23, 2026
  • Weighted average purchase prices ranged from €12.5928 to €12.9668 per share

Financial Impact

€696.8 million deployed in buyback to date; program remains ongoing with no end date or remaining capacity stated

share countcapital return

Risk Factors

  • Buyback pace may slow or accelerate without prior notice
  • Program completion could reduce liquidity in the stock

Investment Themes

Traditional Finance

Documents Analyzed

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

DocumentAccession Number
6-K Filing (Primary)0000950103-26-014421
Document: 0000950103-26-014421-index-headers.html0000950103-26-014421
Document: 0000950103-26-014421-index.html0000950103-26-014421
Document: 0000950103-26-014421.txt0000950103-26-014421
39 reports for SAN
Performance horizon
100% Hit rate @ T+20 7 of 7 directional calls Went positive at some point 8 of 8 best @ T+20▲ +8.52%Jul 16, 2026
Filters
Rows
Reports for SAN, sortable and filterable
TypeNow
Oct 22, 2026
5d ago
6-K
NEUTRAL ★ 3/10
$12.90awaiting T+20awaiting T+20$12.47 (−3.33%)
Oct 21, 2026
6d ago
6-K
NEUTRAL ★ 2/10
$13.29awaiting T+20awaiting T+20$12.47 (−6.17%)
Oct 15, 2026
12d ago
6-K
NEUTRAL ★ 3/10
$13.46awaiting T+20awaiting T+20$12.47 (−7.36%)
Oct 15, 2026
12d ago
6-K
NEUTRAL ★ 2/10
$13.46awaiting T+20awaiting T+20$12.47 (−7.36%)
Oct 15, 2026
12d ago
6-K
NEUTRAL ★ 3/10
$13.46awaiting T+20awaiting T+20$12.47 (−7.36%)
Oct 14, 2026
13d ago
6-K
NEUTRAL ★ 3/10
$13.41awaiting T+20awaiting T+20$12.47 (−7.01%)
Oct 14, 2026
13d ago
6-K
NEUTRAL ★ 3/10
$13.41awaiting T+20awaiting T+20$12.47 (−7.01%)
Oct 8, 2026
19d ago
6-K
NEUTRAL ★ 2/10
$13.48awaiting T+20awaiting T+20$12.47 (−7.49%)
Oct 1, 2026
26d ago
6-K
NEUTRAL ★ 2/10
$13.28awaiting T+20awaiting T+20$12.47 (−6.10%)
Sep 29, 2026
28d ago
6-K
NEUTRAL ★ 3/10
$14.19 $12.47▼ −12.12%▼ −12.84%$12.47 (−12.12%)
Showing 10 of 39

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Report published Sep 24, 2026