Webster Financial (WBS) Q2 2026 earnings summary

Executive summary

• Net income applicable to common stockholders was $249.4 million, or $1.56 per diluted share, for Q2 2026, compared to $251.7 million, or $1.52 per diluted share, for Q2 2025. Adjusted EPS was $1.60, excluding transaction expenses.

• Banco Santander will acquire the company in a cash and stock transaction, with approvals from shareholders and key regulators; closing expected in H2 2026.

• No forward-looking financial outlook will be provided due to the pending acquisition.

Financial highlights

• Revenue was $740.0 million for Q2 2026.

• Net interest income rose to $632.7 million from $621.2 million year-over-year.

• Net interest margin was 3.26%, down from 3.44% year-over-year.

• Provision for credit losses was $31.5 million, down from $46.5 million year-over-year.

• Non-interest income increased to $107.2 million from $94.7 million year-over-year.

• Non-interest expense was $385.0 million, up from $345.7 million, driven by higher compensation and $8.7 million in transaction expenses.

• Return on average assets was 1.19%.

• Efficiency ratio was 47.74%.

Outlook and guidance

• No forward-looking financial outlook provided due to the pending acquisition by Banco Santander.