Santander to buy Webster Financial in $12.2 billion to create top-10 retail bank in U.S.
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Santander is set to acquire Webster Financial for $12.2 billion, offering 2.0548 shares and $48.75 in cash per Webster share. This deal aims to establish Santander as a top-10 retail bank in the U.S. by assets. The acquisition is expected to enhance profitability and funding efficiency, targeting an 18% return-on-equity by 2028. Santander also reported a 12% increase in its 2025 net profit forecast to 14.1 billion euros, exceeding expectations. The deal is anticipated to close in the second half of 2026.
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