Santander Holdings USA, Inc. filed an 8-K on November 6, 2026, announcing the full redemption of all outstanding shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series H, and the corresponding depositary shares, effective December 15, 2026.

Key Highlights

  • Full redemption announced: All 6,000 outstanding shares of Series H Preferred Stock and the corresponding 6,000,000 depositary shares will be redeemed.
  • Redemption date: The redemption is scheduled to occur on December 15, 2026.
  • Redemption price: Depositary shares will be redeemed at $25.00 per depositary share.
  • Dividend paid separately: The redemption price does not include the previously declared regular quarterly dividend, which will be paid separately on December 15, 2026.
  • Dividend record date: Holders of record as of the close of business on November 30, 2026 will receive the quarterly dividend.
  • Exchange listing: The depositary shares trade on NYSE:SNUS PF H, with each depositary share representing a 1/1,000th interest in a share of Series H Preferred Stock.

Santander Holdings USA Announces Full Redemption of Series H Perpetual Preferred Stock

According to the filing, Santander Holdings USA, Inc. (NYSE:SNUS PF H), headquartered at 75 State Street, Boston, Massachusetts, disclosed on November 6, 2026, that it will redeem the entirety of its Series H Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock. The company reported that all 6,000 outstanding preferred shares, along with the 6,000,000 corresponding depositary shares, will be called for redemption on December 15, 2026.

The filing states that the depositary shares, each representing a 1/1,000th interest in a share of the Series H Preferred Stock, will be redeemed at a price of $25.00 per depositary share. The company disclosed that this redemption price is separate from, and does not include, the regular quarterly dividend that had been previously declared. That dividend, the filing notes, will be paid on December 15, 2026, to holders of record as of the close of business on November 30, 2026.

The 8-K was filed under Item 8.01 (Other Events) and was signed by Gerard A. Chamberlain, Executive Vice President and Senior Deputy General Counsel of Santander Holdings USA, Inc. A press release announcing the redemption was attached to the filing as Exhibit 99.1.

What Was Disclosed

Santander Holdings USA, Inc. disclosed via an 8-K filed November 6, 2026, the full redemption of its 6,000 Series H Preferred shares and 6,000,000 corresponding depositary shares at $25.00 per depositary share, effective December 15, 2026, with a previously declared quarterly dividend to be paid separately on the same date.