Webster Financial reported net income applicable to common stockholders of $249.4 million, or $1.56 per diluted share, for the quarter ended June 30, 2026, and adjusted diluted EPS of $1.60 after excluding transaction expenses. Revenue for the quarter was $740.0 million and consolidated loans and leases increased to $57.9 billion. The company noted growth in deposits and improvements in asset quality as it progresses toward a pending transaction with Banco Santander.

Financial Highlights

  • Revenue: $740.0 million for the quarter ended June 30, 2026.
  • Net income applicable to common stockholders: $249.4 million (Q2 2026); diluted EPS $1.56.
  • Adjusted diluted EPS: $1.60 for Q2 2026 (excluding transaction expenses).
  • Net interest income: $632.7 million; net interest margin: 3.26%.
  • Provision for credit losses: $31.5 million; allowance for credit losses on loans and leases: $723.8 million (1.25% of loans).

Business Highlights

  • Total loans and leases rose to $57.9 billion, up $0.6 billion from the prior quarter, driven by increases in commercial, commercial real estate and residential mortgage portfolios.
  • Deposits increased to $70.3 billion, up $1.2 billion from the prior quarter, led by interest-bearing checking and money market growth; core deposits remained 88.1% of total deposits.
  • Non-performing loans and leases declined to $429.0 million, a decrease of $105.5 million (19.7%), with reductions concentrated in commercial non-mortgage and commercial real estate.
  • Capital and liquidity: common equity tier 1 ratio preliminarily 11.69%; tangible common equity ratio 7.60%; book value per share $58.49 and tangible book value per share $38.81.
  • Strategic milestone: entered into a transaction agreement under which Banco Santander will acquire Webster; transaction approved by stockholders and several regulators and expected to close in second half of 2026, subject to customary conditions.

Original SEC Filing:

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