10-Q · April 30, 2026
Webster Financial reported Q1 2026 revenue of $735.9 million, surpassing estimates of $735.08 million, with diluted EPS at $1.57, exceeding expectations. Management discussed the pending transaction with Banco…
Earnings analysis · 10-Q
WBS earnings analysis
Filed July 27, 2026 · Our reading of the company's report
The latest report
Webster reported Q2 2026 total revenue of $740.0 million and GAAP diluted EPS of $1.56; adjusted EPS was $1.60 after $8.7 million of transaction expenses. The quarter’s revenue and GAAP EPS were modestly below the…
Read full summary
Webster reported Q2 2026 total revenue of $740.0 million and GAAP diluted EPS of $1.56; adjusted EPS was $1.60 after $8.7 million of transaction expenses. The quarter’s revenue and GAAP EPS were modestly below the supplied consensus figures, while the pending Banco Santander transaction has led Webster to withdraw outlook and pause buybacks. Gross margin, operating margin, segment revenue, balance-sheet movements, operating cash flow, and capital expenditures were not available in the supplied filing extract, so those metrics are reported as null.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.56
What stood out
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Adjusted EPS offsets transaction costs
Q2 2026 GAAP diluted EPS was $1.56; adjusted diluted EPS was $1.60 after $8.7 million of transaction expenses related to the proposed Banco Santander transaction.
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Substantial repurchase authorization remains
The company retained $334.3 million of authorization under its common-stock repurchase program at June 30, 2026, although programmatic repurchases are paused pending completion of the transaction.
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No programmatic buybacks in Q2
Employee plan activity accounted for 9,438 share purchases during Q2 at an average $70.56 per share; none were purchases under the publicly announced repurchase program.
What to watch
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Deal pauses capital-return flexibility
Webster’s $700.0 million increase in repurchase authority approved on April 30, 2025 remains unavailable for deployment: repurchases have been paused since February 3, 2026, pending completion of the Banco Santander transaction.
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Revenue and GAAP EPS trailed consensus
Q2 total revenue of $740.0 million was below the supplied consensus estimate of $755.1 million, a $15.1 million shortfall, while GAAP EPS of $1.56 was below the $1.60 estimate.
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No material risk-factor updates
The filing reports no material changes to risk factors from the December 31, 2025 Form 10-K; therefore, it does not identify a newly added or materially revised risk factor during Q2.
Management's outlook
Webster withdrew its forward-looking financial outlook in connection with the proposed Banco Santander transaction. The filing states that repurchases have been paused effective February 3, 2026, through completion of the transaction.
Earlier filings 4
10-K · April 24, 2026
Webster’s amended 2025 Form 10-K/A emphasizes a completed 2025 operating year (total revenue $2,899 million; net income $1,002.8 million) and discloses a definitive Transaction Agreement entered February 3, 2026 with…
10-K · February 27, 2026
Webster Financial’s 2025 10-K centers on a confirmed, transformational two-step acquisition by Banco Santander (aggregate value ≈ $12.3 billion) while describing a three-segment strategy (Commercial Banking; Healthcare…
10-Q · November 10, 2025
Webster reported diluted EPS of $1.54 for Q3 2025 (up from $1.10 in Q3 2024) and net income of $261,217 (thousands), driven by higher net interest income and a jump in non‑interest income. Net interest income was…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.