Webster Financial Corporation reported net income applicable to common stockholders of $249.4 million, or $1.56 per diluted share, for the second quarter of 2026, compared to $251.7 million, or $1.52 per diluted share, a year earlier. Excluding transaction expenses, adjusted earnings per diluted share would have been $1.60. The company also announced that its pending acquisition by Banco Santander has received approvals from Webster's stockholders, the Office of the Comptroller of the Currency, and the European Central Bank, with the deal still subject to Federal Reserve approval and expected to close in the second half of 2026. Revenue totaled $740.0 million, loans and leases reached $57.9 billion, and deposits grew to $70.3 billion. The provision for credit losses was $31.5 million, down from $46.5 million in the prior-year quarter.
Webster Financial CorporationAdjusted EPS of $1.60 beats prior year, and acquisition by Santander is progressing with regulatory approvals.
Banco Santander S.A.Pending acquisition of Webster is receiving regulatory approvals, moving closer to completion.