Webster Financial Co.

Webster Financial’s stock rose to an all-time high of $76.13 and is up about 42.8% over the past year. With a P/E ratio of 12.45 and a PEG of 0.33 the stock appears attractively valued, although InvestingPro still rates it as overvalued versus its fair value. Webster has paid dividends for 40 years; the current yield is 2.1%. Shareholders approved a $12 billion takeover offer from Santander; UBS set the rating to "Neutral" and cut its price target from $75.00 to $69.00. » Mere på de.investing.com

Webster shareholders have agreed to Santander’s takeover offer worth about $12 billion. Santander is offering $48.75 in cash plus 2.0548 Santander shares (in the form of ADS) for each Webster share, valuing Webster at roughly $73.49 per share. The approval was confirmed at an extraordinary general meeting; the deal is expected to close in the second half of the year, subject to regulatory approvals. Santander aims to use Webster’s deposit base as a source of funding and to expand its U.S. lending business. » Mere på de.investing.com

Banco Santander announces a multibillion-dollar takeover of Webster Financial, valuing the US bank at about $12.2 billion. The offer, which includes cash and stock, amounts to roughly $75 per Webster share; the stock initially closed at $71.95. Santander aims to expand its presence in the US Northeast; the bank reports a 2025 profit of €14.1 billion (+12%) on constant revenues of €62.4 billion and is launching share buybacks of up to €10 billion. CEO Ana Botín is focusing on cost cuts, currency-adjusted growth and a targeted return on tangible equity of more than 20% by 2028. » Mere på finanzen.net

Banco Santander is acquiring Webster Financial in a $12.3 billion transaction. Webster shareholders will receive $48.75 in cash plus 2.0548 Santander depositary shares per share, totaling $75.59 per share, about a 16% premium to the ten-day VWAP. Webster will be fully integrated into Santander; Christiana Riley will remain U.S. head of Santander and CEO of Santander Holdings USA, and Webster CEO John Ciulla is expected to become head of the integrated Santander Bank NA. The deal is expected to close in the second half of the year. » Mere på finanzen.net

Webster Financial reported robust 2025 fundamentals with 17% ROTCE, 10% EPS growth, 8% loan growth, 6% deposit growth, a 13% increase in tangible book value per share and 10.9 million shares repurchased. Management signaled continued credit remediation with nonperforming assets down 8% and commercial classified loans down 7%, while ring‑fencing ~$720m in office and ~$400m in healthcare services exposure. For 2026 the bank targets 5–7% loan growth, 4–6% deposit growth, net interest income of $2.57–2.63bn (assuming 225 bps of Fed cuts), fees of $390–410m, expenses of $1.46–1.48bn and a NIM in the mid‑330s (~3.35%). » Mere på finance.yahoo.com