Webster Financial Corp Q2 2026: Revenue $740M, EPS $1.56— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Webster Financial Corp reported Q2 2026 revenue of $740M and diluted EPS of $1.56, up year-over-year. Net income slightly declined to $249.4M. Non-interest income grew 11-13%, driven by client hedging and acquisitions. The company secured shareholder and regulatory approval for the Banco Santander acquisition, pending Federal Reserve consent, which increased transaction expenses.
Webster Financial Corp reported second-quarter 2026 results with revenue of $740M and diluted EPS of $1.56, roughly in line with the year‑ago period as net income dipped slightly to $249.4M from $251.7M a year earlier.
Financial Highlights
- Revenue was $740.0M, compared with $715.8M in the prior‑year quarter; YoY change 3.3%.
- Net income was $249.4M, compared with $251.7M in the prior‑year quarter; YoY change (0.9%).
- Diluted EPS was $1.56, compared with $1.52 in the prior‑year quarter; YoY change 2.6%.
Business Highlights
- Non‑interest income showed momentum, up an estimated 11–13% year over year driven by Other income, BOLI events, client hedging activity and contributions from Ametros and SecureSave.
- Deposit mix shifted toward interest‑bearing checking and money market accounts as the firm strategically held higher on‑balance sheet liquidity.
- Line results were mixed: modest growth in Commercial and Healthcare PPNR, while Consumer PPNR declined due to higher expenses.
- Operationally, shareholders and regulators approved the Banco Santander acquisition agreement (pending Federal Reserve approval), with integration activity increasing transaction expenses in the quarter.
Original SEC Filing: WEBSTER FINANCIAL CORP [ WBS ] - 10-Q - Jul. 27, 2026
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