Banco Santander AGM: Record €14.1B Profit, Bigger Dividend, New 2026-28 Plan Approved

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MarketBeat

Sat, March 28, 2026 astatine 11:14 AM CDT 7 min read

Banco Santander logo

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  • Banco Santander reported grounds 2025 results with attributable nett of €14.1 billion (up 16% successful changeless euros), EPS +17%, RoTE of 16.3%, and announced full shareholder remuneration of astir €7.05 billion (including a last dividend of €0.125 per share), alongside a committed €10 billion buyback programme (≈€7 cardinal executed truthful far).

  • Management approved strategical portfolio moves—selling the Poland portion and acquiring TSB (U.K.) and Webster (U.S.)—which unneurotic are expected to adhd much than $2 billion of nett by 2028 and assistance U.K. and U.S. RoTEs toward astir 16% and 18%, respectively.

  • Shareholders approved the 2026–28 program and each gathering proposals (highest quorum successful 30 years); governance and superior actions included reappointing PwC, cancelling 196,005,870 treasury shares and the anterior issuance of €1.5 billion contingent convertible securities.

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Banco Santander (NYSE:SAN) held its 2026 yearly wide shareholders gathering successful a afloat virtual format, with executives highlighting grounds 2025 fiscal results, a caller 2026-2028 strategical plan, and a slate of shareholder votes that were yet approved. The gathering was recorded successful notarial minutes and conducted done the bank’s long-running online shareholder platform.

The slope said the gathering was convened successful accordance with instrumentality and its bylaws, with the telephone published connected Feb. 25, 2026, successful Spanish newspapers and connected the regulator and firm websites. Management reiterated that the gathering was held exclusively remotely, a format enabled by a bylaws amendment approved successful 2021 and framed arsenic accordant with Santander’s integer translation and sustainability goals.

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According to the secretary’s report, the gathering reached the highest quorum of the past 30 years. The quorum information presented showed voting rights represented totaling 71.724%, with 3.019% contiguous and 68.705% represented. The caput said 485,000 shareholders were progressive successful the quorum figures, and noted that galore were deemed contiguous due to the fact that they voted anterior to the meeting. The notary reminded shareholders they could taxable objections regarding attendance and superior contiguous done a dedicated level channel.

In prepared remarks, Santander’s enforcement seat described 2025 arsenic a twelvemonth of “exceptional results,” citing grounds attributable nett of €14.1 billion, up 16% versus 2024 successful changeless euros. The seat said net per stock roseate 17% year-over-year and RoTE (post-AT1) was 16.3%. Total income was €62.4 billion, and the ratio ratio improved to 41.2%. Cost of hazard stood astatine 1.15%, the non-performing indebtedness ratio improved to 2.91%, and sum accrued to 66%. Santander ended 2025 with a CET1 ratio of 13.5%, which the seat said was supra its operating range.

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