Quarterly ResultJul 21, 2026, 04:22 PM
Webster Q2 2026 EPS $1.56; Santander acquisition progressing
AI Summary
Webster Financial Corporation reported strong second quarter 2026 results, with diluted EPS of $1.56 and adjusted EPS of $1.60. The company's net income applicable to common stockholders was $249.4 million, and revenue reached $740.0 million. Loans and leases grew to $57.9 billion, and deposits increased to $70.3 billion, while non-performing loans significantly declined. The proposed acquisition by Banco Santander, S.A. continues to progress, having received approvals from Webster's stockholders, the Office of the Comptroller of the Currency, and the European Central Bank, with Federal Reserve System approval pending.
Key Highlights
- Santander acquisition approved by stockholders, OCC, ECB.
- Q2 2026 diluted EPS was $1.56; adjusted EPS was $1.60.
- Net income applicable to common stockholders was $249.4M.
- Revenue reached $740.0M for the quarter.
- Loans and leases balance grew 1.1% to $57.9B.
- Deposits balance increased 1.8% to $70.3B.
- Non-performing loans and leases decreased 19.7% to $429.0M.
- Provision for credit losses decreased to $31.5M.
Price Impact
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