Banco Santander S.A.Completed acquisition of Webster Financial, expecting cost synergies and EPS accretion.
Banco Santander has completed its acquisition of Webster Financial, creating a larger and more diversified U.S. banking franchise. The cash-and-stock deal, announced in February 2026, is valued at about $12.3 billion. The combined company now has nearly $327 billion in assets, $185 billion in loans and $172 billion in deposits as of Dec. 31, 2025. Santander expects around $800 million in annual pre-tax cost synergies and earnings per share accretion of around 7-8% by 2028, supporting its goal of achieving approximately 18% return on tangible equity in the United States by 2028.
Banco Santander S.A.Completed acquisition of Webster Financial, expecting cost synergies and EPS accretion.
Citigroup Inc.
Webster Financial CorporationAcquired by Santander in a $12.3B deal, creating a larger U.S. banking franchise.
KeyCorp