SAN Stock Recent News

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to seven classes of mortgage-backed notes from Santander Mortgage Asset Receivable Trust 2025-NQM1 (SAN 2025-NQM1), a $283.8 million non-prime RMBS transaction. The underlying collateral, comprised of 714 residential mortgages, is characterized by a significant concentration of loans underwritten using alternative income documentation. Approximately 59.1% of the loans were exempt from the ATR/QM rule due to being originated for busines.

Filing of Form 20-F BANCO SANTANDER (BRASIL) S.APublicly-Held Company with Authorized CapitalCNPJ/MF: 90.400.888/0001-42NIRE: 35.300.332.067 SÃO PAULO, Feb. 28, 2025 /PRNewswire/ -- Banco Santander (Brasil) S.A. ("Santander Brasil") announces that its Annual Report on Form 20-F (the "20-F"), reporting its financial and operational data for 2024, was filed with the U.S. Securities and Exchange Commission, or the SEC, and with the Brazilian Securities and Exchange Commission, the Comissão de Valores Mobiliários, or CVM, on February 28, 2025.

Santander's executive chair Ana Botin was paid 13.77 million euros ($14.32 million) in 2024, 13% higher than her remuneration in 2023, the lender said in its annual report on Friday.

Brazil's federal prosecutors have launched an investigation into alleged fund diversion by a former senior executive at Itau Unibanco , set to take a key role at Spanish bank Santander [RIC:RIC:SOVBAN.UL] in coming months.

BOSTON--(BUSINESS WIRE)--Santander Bank, N.A. (“Santander Bank”) today announced the results of a new survey that found while nearly eight in 10 consumers (78%) say saving is a high priority, seven in 10 (69%) do not use higher-rate accounts — such as high-yield savings accounts, money market accounts and certificates of deposit (CDs) — that would accelerate progress toward their goals. The findings were part of the fourth installment of Santander Bank's Openbank Growing Personal Savings (“GPS”.

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.

Banco Santander's UK business remains a core part of the Spanish lender's globally diversified business model and the division is not for sale, a company spokesperson said on Thursday.

Banco Santander (Brasil) S.A.'s Q4 2024 results show a 50% YoY net income surge, driven by lower delinquencies and a focus on higher-value credit segments. The bank's balance sheet grew 16% YoY, with cautious credit expansion and significant allocations to low-risk securities and interbank positions. Despite macro uncertainties, BSBR offers a 14% earnings yield and 6% dividend yield, with attractive valuation if investor sentiment towards Brazilian assets improves.

MADRID, 10 February 2025 – Neinor Homes (“Neinor"; "HOME SM”), a Spanish leading listed residential property developer, and Santander Alternative Investments, the alternative asset management platform from Santander bank, alternative investment arm of Banco Santander (“Santander”) have reached an agreement to create a joint venture (JV) to develop 160 ‘flex living' apartments with a total investment expected of more than €60mn. Neinor will hold a 10% stake in the JV by contributing the land plot to be developed, while Santander will hold the remaining 90% stake. Savills and Colliers have acted as investment and commercial advisors to Neinor and Santander in the deal, while Perez Llorca and CMS Albiñana acted as legal advisors.

Banco Santander credited its technology platforms with helping it achieve record results in 2024.