Company: BCDRF
Filing Date: 2025-04-04
Form Type: 6-K
Source: 0000950103-25-004378
Chunk: 0

Company: Banco Santander, S.A.
Filing Date: 2025-04-04
Form: 6-K
Chunk 0
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<div align='center'>FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of April, 2025

Commission File Number: 001-12518

Banco Santander, S.A.

(Exact name of registrant as specified in its charter)

Ciudad Grupo Santander

28660 Boadilla del Monte (Madrid) Spain

(Address of principal executive office)</div>

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

| Form 20-F | X |     | Form 40-F |

<div align='center'>Banco Santander, S.A.

TABLE OF CONTENTS</div>

Item 1

<div align='center'>Santander expects continued growth in
the first quarter, with RoTE post-AT1 improving to c.15.7%, CET1 rising to 12.9% and all 2025 targets reaffirmed</div>

| · | Executive chair Ana Botín will say at today’s                                                                                           
 AGM that during the first quarter the bank has continued to grow customers and anticipates a RoTE of c.15.7% (post-AT1), on a path to   
 achieve the 2025 target of c.16.5%. CET1 is expected to reach 12.9%, with tangible net asset value plus cash dividend per share up over 
 14%.                                                                                                                                    |

| · | The 2025 targets include achieving around €62                                                                                             
 billion in revenues, falling costs in absolute terms, a stable cost of risk, and reaching a RoTE of c.16.5% (post-AT1) and a CET1 of 13%. |

| · | Botín will say: “The recent announcements                                                                                              
 in the US regarding tariffs reflect an escalation in trade tensions. As a bank our focus is on helping clients navigate the volatility 
 and we are committed to doing that. Our markets, however, remain resilient. The employment data — which is the cornerstone of asset    
 quality — is very good.”                                                                                                               |

| · | Today’s AGM is set to approve a final cash                                                                                              
 dividend from 2024 results of 11 euro cents per share, payable from 2 May