Santander Completes $12.3 Billion Webster Financial Acquisition

Zacks Investment Research··US·Read original
3▲2 ▼0Impact / 5
Summary · why it matters

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.

Impact on assets 4

Financials▲
Banco Santander SA ADR
SAN
▲ PositiveCapitalrelevance

Completed acquisition of Webster Financial, expecting cost synergies and EPS accretion.

Digital Finance & Tokenization▲