Banco Santander, S.A.

Report azionario NYSE:SAN

Capitalizzazione di mercato: US$194.7b

Banco Santander Gestione

Criteri Gestione verificati 4/4

Banco Santander Il CEO è Hector Grisi Checa, nominato in Jan2023, e ha un mandato di 3.42 anni. la retribuzione annua totale è € 9.49M, composta da 33.2% di stipendio e 66.8% di bonus, comprese azioni e opzioni aziendali. possiede direttamente 0.02% delle azioni della società, per un valore di $ 39.38M. La durata media del mandato del team dirigenziale e del consiglio di amministrazione è rispettivamente 9.4 anni e 10.5 anni.

Informazioni chiave

Hector Grisi Checa

Amministratore delegato

€9.5m

Compenso totale

Percentuale dello stipendio del CEO33.20%
Mandato del CEO3.4yrs
Proprietà del CEO0.02%
Durata media del management9.4yrs
Durata media del Consiglio di amministrazione10.5yrs

Aggiornamenti recenti sulla gestione

Recent updates

Seeking Alpha Jun 09

Banco Santander: Limited Value And Income Appeal Ahead

Summary Banco Santander, S.A. delivered resilient Q1 2026 results, with revenues up 4% YoY but bottom-line missing consensus and shares underperforming the market. SAN's earnings growth outlook is modest, with mixed NII prospects—European rate tailwinds offset by Brazilian headwinds—and fee growth likely to remain single-digit. Operational efficiency remains the core driver, with the ONE Transformation program targeting a cost-to-income ratio drop from 45% (2025) to 36% (2028). I maintain a Hold rating, as SAN trades near fair value (1.45x book), with limited near-term value and income appeal. Read the full article on Seeking Alpha
Seeking Alpha Feb 22

Banco Santander: Starting To Get Its Due From The Market

Summary Banco Santander has been a strong performer since my last update, with good fourth quarter results and bullish FY2025 guidance driving the shares back over tangible book value. Management expects Santander to deliver a strong 16.5% return on tangible equity this year. Given the current P/TBVPS multiple, this would imply a P/E of just ~7x. While the higher share price would have lowered the stock's total yield based on Santander's usual 50% payout ratio, capital returns for 2025-2026 have been upped by roughly €4 billion. Read the full article on Seeking Alpha
Seeking Alpha Jan 23

Banco Santander: A Positive Update For 2025

Summary Banco Santander stock remains a "Buy" due to its operational outperformance, impressive efficiency improvements, and significant profit growth, despite not being as "cheap" as before. The bank's 3Q24 results confirmed my positive thesis, with record profits, improved efficiency ratios, and increased shareholder rewards through dividends and buybacks. Santander's geographic diversification and successful ONE transformation program mitigate risks, making it a fundamentally appealing investment compared to peers like BBVA, HSBC, and Lloyds. I maintain my price target of $5.25/share for 2025 on SAN, expecting continued outperformance and market recognition of the bank's undervaluation. Read the full article on Seeking Alpha
Seeking Alpha Oct 30

Banco Santander Q3 Earnings: 2025 Commentary Looks Bullish

Summary Banco Santander, S.A. delivered another period of record earnings last quarter, with the market rewarding this by sending the stock down around 3%. Potential remediation charges in the U.K. and lower European interest rates may be to blame, but neither should really move the dial. Management commentary regarding 2025 was also bullish. SAN stock still trades at a meaningful discount to tangible book value, implying a P/E of just 5x based on current earnings. Read the full article on Seeking Alpha
Seeking Alpha Aug 09

Banco Santander: Record H1 Results Met With A Cheaper Valuation

Summary Shares of multinational banking giant Banco Santander have been a little soft since my last update, trailing European financials by around ten points in that time. Results for the first half of the year produced records throughout the income statement, with the bank's return on tangible equity still comfortably in the mid-teens area. The recent share price decline puts the stock at just 0.8x tangible book value, with this implying a P/E of just 5x alongside a double-digit dividend-plus-buyback yield. Read the full article on Seeking Alpha
Seeking Alpha Jul 23

Outperforming The Average With Santander

Summary Strong operating performance in 1Q24 shows Santander's turnaround strategy is working well, with potential for further growth. Santander's trajectory is positive, outperforming S&P500 averages with improved fundamentals and earnings growth. Despite risks from exposure to Latin America, Santander remains attractively priced and continues to outperform. Read the full article on Seeking Alpha
Seeking Alpha May 01

Banco Santander Q1: Earnings Remain In A Sweet Spot

Summary Shares of Spanish giant Santander have gained just under 30% since last coverage, as the market continues to play catch-up to the bank's elevated levels of profitability. Q1 results were robust enough, with the bank reporting a strong mid-teens return on tangible equity despite the impact of the Spanish windfall banking tax. The bank's Spanish operations remain surprisingly profitable at this stage in the cycle, while Brazil is seeing some expected improvement. These shares remain reasonably valued below tangible book value, continuing to afford investors a reasonable margin of safety. Read the full article on Seeking Alpha
Seeking Alpha Feb 17

Banco Santander Remains Materially Undervalued

Summary Shares of Banco Santander have been fairly quiet since previous coverage in October, trailing the broader European financial universe as well as certain peers like BBVA. Q4 results were a bit so-so, while management's 2024 profitability target looks very ambitious. These shares still trade at a clear discount to tangible book value, which continues to undervalue the bank's through-the-cycle earnings power. Read the full article on Seeking Alpha
Seeking Alpha Jan 16

Santander Remains A Strong Play Of Southern-European/European Banking

Summary Banco Santander has shown solid performance and outperformed the S&P500 with a 7% growth. The company's trajectory is expected to be positive, supported by improved fundamentals and earnings growth. Despite risks from exposure to Latin America and emerging market currency, Santander has the potential for significant upside and remains a buy. Read the full article on Seeking Alpha

Analisi delle retribuzioni degli amministratori delegati

Come è cambiata la remunerazione di Hector Grisi Checa rispetto agli utili di Banco Santander?
DataCompenso totaleStipendioUtili della società
Mar 31 2026n/an/a

€12b

Dec 31 2025€9m€3m

€12b

Sep 30 2025n/an/a

€13b

Jun 30 2025n/an/a

€13b

Mar 31 2025n/an/a

€11b

Dec 31 2024€9m€3m

€11b

Sep 30 2024n/an/a

€11b

Jun 30 2024n/an/a

€11b

Mar 31 2024n/an/a

€11b

Dec 31 2023€8mn/a

€10b

Compensazione vs Mercato: La retribuzione totale di Hector ($USD 10.80M ) è circa la media per le aziende di dimensioni simili nel mercato US ($USD 14.67M ).

Compensazione vs guadagni: La retribuzione di Hector è stata coerente con le performance aziendali dell'ultimo anno.


AMMINISTRATORE DELEGATO

Hector Grisi Checa (60 yo)

3.4yrs
Mandato
€9,488,690
Compensazione

Mr. Hector Blas Grisi Checa serves as Chief Executive Officer & Executive Director of Banco Santander, S.A. since January 01, 2023. He served as Executive Chairman and Chief Executive Officer of Grupo Fina...


Gruppo dirigente

NomePosizioneMandatoCompensazioneProprietà
Ana de Sautuola y O'Shea
Executive Chair37.3yrs€11.98m0.24%
$ 458.2m
Hector Grisi Checa
Group CEO & Executive Director3.4yrs€9.49m0.020%
$ 39.4m
Jose Garcia-Cantera
Senior EVP & Group CFO11.4yrsNessun dato0.020%
$ 38.8m
Juan Olaizola Bartolome
Senior EVP and Group Chief Operating & Technology Officerless than a yearNessun dato0.0021%
$ 4.1m
Kamran Butt
Chief Investment Officer & Head of Product2yrsNessun datoNessun dato
Manuel Antonio Amaral Preto
Group Senior EVP & Chief Accounting Officerless than a yearNessun dato0.00098%
$ 1.9m
Jose Linares Perou
Senior EVP and Global Head of Corporate & Investment Banking9.4yrsNessun dato0.0069%
$ 13.4m
Begona Morenes
Global Head of Investor Relationsno dataNessun datoNessun dato
Jaime Perez Renovales
Senior EVP10.8yrsNessun dato0.0078%
$ 15.2m
David Hazell
Group Senior EVP & Chief Compliance Officer2.4yrsNessun dato0.00050%
$ 973.7k
Juan Manuel Mendez de Vigo
Senior EVP and Group Head of Communications24.9yrsNessun dato0.0073%
$ 14.2m
Jose De Mora Gil-Gallardo
Group Senior EVP & Head of Corporate Development & Financial Planning11.4yrsNessun dato0.0064%
$ 12.5m
9.4yrs
Durata media
60yo
Età media

Gestione esperta: Il team dirigenziale di SAN è esperto e expertise (durata media dell'incarico 9.4 anni).


Membri del Consiglio di amministrazione

NomePosizioneMandatoCompensazioneProprietà
Ana de Sautuola y O'Shea
Executive Chair37.3yrs€11.98m0.24%
$ 458.2m
Hector Grisi Checa
Group CEO & Executive Director3.4yrs€9.49m0.020%
$ 39.4m
Glenn Hutchins
Independent Vice Chair & Lead Independent Director3.5yrs€700.00k0.0061%
$ 11.8m
Francisco D'Souza
Member of International Advisory Boardno dataNessun datoNessun dato
Jose Alvarez
Non-Executive Vice Chairman11.4yrs€447.34k0.019%
$ 36.8m
George Kurtz
Member of International Advisory Boardno dataNessun datoNessun dato
Francisco Botin-Sanz de Sautuola y O'Shea
Non-Independent Non-Executive Director21.9yrs€137.15k0.26%
$ 497.5m
Sheila Colleen Bair
Member of International Advisory Boardno dataNessun datoNessun dato
Belen Garcia
Independent Non-Executive Director10.5yrs€580.80k0.000090%
$ 175.3k
Soledad Daurella Comadran
Independent Non-Executive Director11.3yrs€313.71k0.0044%
$ 8.5m
Pamela Walkden
Independent Non-Executive Director6.7yrs€383.01k0.00058%
$ 1.1m
German de Fuente Escamilla
Independent Director4.2yrs€344.32k0.000070%
$ 136.3k
10.5yrs
Durata media
61.5yo
Età media

Consiglio di amministrazione esperto: Il consiglio di amministrazione di SAN è composto da personale esperto e esperto (durata media dell'incarico 10.5 anni).


Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/06/23 01:27
Prezzo dell'azione a fine giornata2026/06/23 00:00
Utili2026/03/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; disponiamo inoltre di guide su come utilizzare i nostri report e di tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Banco Santander, S.A. è coperta da 36 analisti. 15 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Javier Esteban LarioBanco de Sabadell. S.A.
Thomas Andrew RaynerBarclays
Cecilia Romero ReyesBarclays