6-K - Banco Santander, S.A. | StockGist

AI Analysis

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Banco Santander's executive chair Ana Botín stated at the AGM that the group has made a strong start to 2026, with first-quarter performance supporting full-year targets, including profit growth versus 2025. Shareholders are set to approve a capital increase for the Webster acquisition and a final cash dividend of 12.5 euro cents per share for 2025.

Key Takeaways

1Santander expects profit in 2026 to be higher than the €14.1 billion reported in 2025.

2The total cash dividend per share for 2025 will be 24 euro cents, an increase of over 14% versus the previous year, with a final dividend of 12.5 euro cents payable on 5 May 2026.

3Shareholders are set to approve the capital increase required for the acquisition of Webster Financial Corporation.

4The group reaffirmed its 2026-2028 targets, including aiming to exceed €20 billion in profit and 210 million customers by 2028.

5For the first quarter of 2026, costs are expected to decline in constant euros year-on-year, resulting in an efficiency improvement of approximately 250 basis points.

6Deborah Vieitas is proposed for appointment as a new independent director, subject to regulatory approval, replacing Homaira Akbari.

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Results of Operations

First Quarter 2026

Metric	Value	Basis	Prior Period
Profit	$14.10		$14.10

Executive & Director Changes

Deborah Vieitas

Independent Director

Appointment

Replacing Homaira Akbari

Homaira Akbari

Independent Director

Step down

Effective: Following today’s shareholders’ meeting

Transaction Details

Acquisition / Disposition

Target: Webster Financial Corporation
Consideration: Santander shares via capital increase
Structure: Acquisition

•Subject to AGM approval of capital increase

Exhibits (1)

6-K

FORM 6-K