Webster Reports Q2 2026 EPS of $1.56, Adjusted $1.60; ECB Approves Santander Merger
WBS sits 45% above its 52-week low of $52.689.
Summary
Webster Financial posted Q2 2026 adjusted EPS of $1.60 on $740M revenue, and the European Central Bank approved its acquisition by Banco Santander — leaving only Federal Reserve approval before the deal closes later this year.
Key Events · Earnings and Guidance · WBS
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Q2 Earnings Beat
Adjusted diluted EPS of $1.60 exceeded the $1.57 consensus from Q1, driven by revenue of $740.0 million and a net interest margin of 3.26%.
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ECB Merger Approval
The European Central Bank approved the Banco Santander acquisition on July 21, 2026, leaving only Federal Reserve approval as the remaining regulatory condition.
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Deal Closing Timeline
The transaction is expected to close in the second half of 2026, with Webster shareholders set to receive $48.75 in cash and 2.0548 Santander ADRs per share.
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Forward Guidance Withdrawn
Webster will no longer provide a forward-looking financial outlook due to the pending acquisition, signaling a shift to merger-integration mode.
Analysis · WBS · Finance
Webster delivered solid Q2 results with adjusted EPS of $1.60, beating the $1.57 consensus from Q1, while the ECB's approval removes a key regulatory hurdle for the $12.3 billion Banco Santander acquisition. The deal now needs only Federal Reserve clearance to close in the second half of 2026. With the stock near its 52-week high, the earnings beat and merger progress reinforce the $75.00 per share deal value, though the company's decision to stop providing forward guidance signals the transition to acquisition mode.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.4% of the 1070 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WBS was trading at $76.20 on NYSE in the Finance sector, with a market capitalization of approximately $12.3B. The 52-week trading range was $52.69 to $77.69. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.