Webster reports Q2 EPS of $1.56, receives ECB approval for Santander acquisition

Filed July 21, 2026 · Period ending July 21, 2026 · ~1 min read

Key Changes

• high

  European Central Bank approved Santander's acquisition of Webster on July 21; only Federal Reserve approval remains before expected H2 2026 close. Stockholders approved the $48.75 cash plus 2.0548 Santander ADRs per share deal in May.

  Exhibit 99.1 view on EDGAR →
• high

  Q2 2026 net income of $249.4 million ($1.56 per diluted share), essentially flat year-over-year. Adjusted EPS excluding transaction expenses was $1.60. Return on average tangible common equity was 16.67%.

  Exhibit 99.1 view on EDGAR →
• high

  Non-performing loans fell 19.7% to $429.0 million, improving the NPL ratio from 1.00% to 0.74%. Allowance for credit losses now covers 169% of non-performing loans, up from 135% a year ago.

  Exhibit 99.1 view on EDGAR →