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MADRID - Banco Santander (BME:SAN) S.A. has announced substantial progress in its share buyback program, having utilized approximately 95.1% of the allocated funds as of May 21, 2025. The Spanish banking giant has repurchased around 14.1% of its outstanding shares since the program’s commencement, which was previously disclosed on February 5, 2025.
The total expenditure on the buybacks has reached 1.51 billion euros, nearing the maximum investment amount set for the program. Over the course of the past week, from May 14 to May 21, the bank executed transactions on various trading venues, including XMAD (Madrid Stock Exchange), CEUX (Cboe Europe - CXE Order Books), TQEX (Turquoise), and AQEU (Aquis Exchange).
The buyback program saw Banco Santander acquiring a total of 7.8 million shares within the specified period. The average prices paid per share on the last day of reporting, May 21, ranged from €7.0623 to €7.0812 across the different trading platforms.
The repurchase initiative is part of the bank’s efforts to manage its capital and create value for shareholders. Buybacks are a common strategy employed by companies to reduce the number of shares in circulation, potentially increasing the value of remaining shares and earnings per share.
The transactions carried out under this program fall within the regulatory framework outlined by the EU Market Abuse Regulation and the Commission Delegated Regulation, ensuring compliance with legal requirements.
Banco Santander has provided detailed information on each transaction made during the buyback period as part of its commitment to transparency. The bank’s actions reflect a broader trend in the financial industry where share buybacks have become a tool for capital distribution.
Investors and market watchers have been following Banco Santander’s buyback program closely, as such financial maneuvers can have significant implications for share performance and investor returns. The information disclosed is based on a press release statement from Banco Santander.
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