Mergers & Acquisitions ·
Banco Santander reports Q3 profit of EUR 3,432m and completes Webster acquisition for USD 12.5bn
BCDRFBanco Santander, S.A.
Banco Santander reported third-quarter attributable profit of EUR 3,432 million, a 2% decline from the previous quarter due to EUR 416 million in integration costs related to recent mergers. Underlying attributable profit rose 2% to EUR 3,848 million. The bank completed its acquisition of Webster Financial Corporation for USD 12.5 billion on August 20, 2026, integrating the US retail and commercial bank into its operations. Additionally, Santander launched a voluntary exchange offer to acquire remaining shares of Banco Santander Brasil for up to EUR 1.9 billion. The group's CET1 ratio stood at 12.7%, impacted by the Webster transaction, while total assets reached EUR 2.1 trillion.