Santander Bank To Sell 7 Branches In US To Community Bank; SAN Down In Pre-Market
Santander Bank's Branch Sale: Santander Bank has agreed to sell its seven branches in the U.S. to Community Bank, with the transaction expected to close in the fourth quarter of 2025 as part of its strategy to become a national, digital-first bank.
Openbank Growth: Since launching Openbank in the U.S. in late 2024, it has attracted over $4 billion in deposits and more than 100,000 customers, indicating significant growth in the digital banking sector.
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Banco Santander to Hold Q3 2025 Earnings Conference Call at 4:00 AM ET
Conference Call Announcement: Banco Santander SA will hold a conference call on October 29, 2025, at 4:00 AM ET to discuss its Q3 2025 earnings results.
Webcast Access: Interested parties can access the live webcast by visiting the provided link to the company's official document.
Santander Q2 Results Rise, Confirms FY25 Targtes; Plans EUR 1.7 Bln Buyback
Financial Performance: Banco Santander reported a 7% increase in attributable profit for Q2, reaching 3.43 billion euros, with total income growing by 5% to 15.47 billion euros.
Future Plans: The bank reaffirmed its fiscal targets for 2025, announcing a new share buyback program of approximately 1.7 billion euros and projecting at least 10 billion euros in share buybacks from 2025 and 2026 earnings.
