Banco Santander, S.A. (SAN) Form 6-K — Oct 28, 2026
Banco Santander reported record nine-month 2026 profit attributable to the parent of EUR 12,405 million, up 20% year-on-year, boosted by a EUR 1,895 million capital gain from the sale of its Polish unit to Erste Group. Underlying profit rose 16% to EUR 11,176 million, with underlying EPS up 21% to EUR 74 cents and RoTE at 17.4%. The quarter was defined by M&A: Santander completed the USD 12,509 million Webster Financial acquisition on 20 August 2026 (a -1.47pp CET1 hit), closed the GBP 2,867 million TSB purchase in April, and announced an exchange offer of up to ~EUR 1,908 million to buy in the ~10% of Santander Brasil it does not own.
Key figures
- Eps
- EUR 0.83 (9M 2026); underlying EUR 0.74 (+21% YoY)
- Revenue
- EUR 46,713 million (9M 2026 statutory total income, +8% YoY)
- Net Income
- EUR 12,405 million attributable profit 9M 2026 (+20% YoY); underlying EUR 11,176 million (+16%); Q3 2026 attributable EUR 3,432 million
- Total Assets
- EUR 2,102,334 million
- Cash Position
- EUR 162,336 million (cash, central bank balances and demand deposits)
- Shares Outstanding
- 14556482801
- Lcr
- 145%
- Rote
- 17.4% reported; 16.0% underlying
- Npl ratio
- 2.90%
- Cet1 ratio
- 12.7% phased-in (incl. -1.47pp Webster impact)
- Buyback 2026
- up to EUR 1,825 million (commenced 24 August 2026)
- Cost of risk
- 1.16%
- Leverage ratio
- 4.38%
- Efficiency ratio
- 42.6%
- Interim dividend
- EUR 12.70 cents per share (+10% YoY), payable from 2 November 2026
- Net fee income 9m
- EUR 10,349 million (+8.9% YoY)
- Tsb consideration
- GBP 2,867 million (EUR 3,318 million) cash
- Poland capital gain
- EUR 1,895 million (+95bps CET1)
- Webster consideration
- USD 12,509 million (EUR 10,724 million), 65% cash / 35% shares
- Net interest income 9m
- EUR 34,545 million (+9.5% YoY)
- Santander brasil offer
- up to ~EUR 1,908 million in new shares (~10% not owned)
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