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Banco Santander ( (ES:SAN) ) just unveiled an announcement.
Banco Santander will temporarily suspend its ongoing share buyback programme to comply with U.S. regulations linked to its planned acquisition of Webster Financial Corporation, as the deal consideration includes Santander shares. The suspension will run from 24 April to 26 May 2026, covering the period from the call to, and holding of, Webster’s stockholder meeting to vote on the transaction.
The bank plans to resume buybacks on 27 May 2026 and now expects the programme to continue through 20 August 2026, shifting the original timetable but not cancelling the capital return. The move underscores how regulatory constraints around M&A can affect capital management, and signals that Santander remains committed to completing the Webster deal while maintaining its shareholder remuneration plans once the key vote has passed.
More about Banco Santander
Banco Santander S.A. is a global banking group headquartered in Spain, operating across retail, commercial and corporate banking, as well as wealth and asset management. The bank has a significant international footprint, including in Europe and the Americas, and uses share buyback programmes as part of its broader capital management strategy.
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