Santander shares jump 7% after lender announces record quarterly profit, 10-billion-euro buyback

1. Banco Santander reported record profit of 3.265 billion euros in Q4. 2. The bank plans €10 billion in share buybacks for 2025-2026. 3. Santander added eight million customers in 2024, reaching 173 million total. 4. Return on tangible equity rose to 16.3% in 2024, up from 15.1%. 5. Guidance for 2025 includes 62 billion euros revenue and RoTE above 17%.