Webster Financial Q1 EPS $1.50, Adjusted $1.57; Santander Deal Offers $48.75 Plus 2.0548 ADS
Webster Financial’s Q1 2026 net income rose to $239.3M on GAAP EPS of $1.50 and adjusted EPS $1.57, with revenue of $735.9M as loans climbed 1.2% to $57.2B and deposits 0.4% to $69.0B. Under the Santander deal, shareholders get $48.75 cash plus 2.0548 ADS per share.
1. Q1 Financial Results
Webster reported net income applicable to common shareholders of $239.3 million, or $1.50 per diluted share, and adjusted EPS of $1.57 on $735.9 million of total revenue for the quarter ended March 31, 2026.
2. Asset and Deposit Growth
Period-end loan and lease balances reached $57.2 billion, up 1.2% sequentially, while deposits increased 0.4% to $69.0 billion, reflecting continued growth in commercial and consumer portfolios.
3. Profitability and Capital Metrics
Return on average assets was 1.16% and return on average tangible common equity reached 16.18%, with net interest margin at 3.36%, efficiency ratio of 46.83% and a common equity tier 1 ratio of 11.42%.
4. Santander Acquisition and Outlook
Under the February transaction agreement, shareholders will receive $48.75 in cash plus 2.0548 Banco Santander ADS per Webster share, with closing planned for the second half of 2026, after which Webster will no longer provide forward guidance.