桑坦德银行在声明中还表示，在实施股票回购计划时，将确保股票市场的平均回购价格“在任何时候都不会超过上一季度末期公布的每股有形账面价值”的方式实施回购。截至6月30日，桑坦德银行每股有形账面价值为4.94欧元。截至周一欧洲股市收盘，桑坦德银行股价收于4.327欧元;在美股市场，桑坦德银行ADR交易价格周一收于4.82美元。On August 27th, the European banking giant based in Spain, $Banco Santander (SAN.US)$ announced on Tuesday a share buyback plan of up to 1.5 billion euros (approximately 1.7 billion U.S. dollars), as part of its commitment to return close to half of the bank's underlying profits to shareholders through dividends and share buybacks.
The large commercial bank from Spain stated in a regulatory filing on Tuesday that this buyback plan will last until January 3, representing about a quarter of the basic profits for the first half of this year. This buyback plan marks the bank's first repurchase plan following its 2024 performance report and represents approximately 2.14% of the bank's total market capitalization.
It is understood that as early as February this year, Banco Santander had announced another 1.5 billion euro buyback plan and was considering increasing dividends as part of its plan to increase shareholder returns. The rise in interest rates since 2022 has helped boost profits in the banking industry, leading banks across Europe to increase dividends for shareholders.
Banco Santander also stated in the announcement that during the implementation of the share buyback plan, it will ensure that the average repurchase price on the stock market 'will not exceed the per share tangible book value disclosed at the end of the previous quarter' when repurchasing. As of June 30, Banco Santander's per share tangible book value was 4.94 euros. At the close of the European stock market on Monday, Banco Santander's stock price closed at 4.327 euros; in the U.S. stock market, Banco Santander's ADR traded at a price of 4.82 U.S. dollars on Monday.
Benefiting from the boost in investor confidence brought by the announcement of a new round of share buyback plan, Banco Santander's stock price rose rapidly after the European market opened, up 1.90% to 4.409 euros as of the time of writing, still significantly below the 'per share tangible book value disclosed at the end of the previous quarter' mentioned in the statement.