SAN

Banco Santander (SAN) continues its transformation, focusing on technological integration, efficiency, and mitigating disruption risks, including stablecoin initiatives. Despite a 34% total return since the last analysis, SAN's long-term thesis remains intact, supported by record profits, growing NII, and expanding customer base. Operational improvements, M&A activity, and the ONE transformation drive efficiency gains, with potential for a 20% ROTE by 2028.

The completion of Banco Santander S.A.'s SAN acquisition of Webster Financial marks the creation of a larger and more diversified U.S. banking franchise.

BOSTON--(BUSINESS WIRE)--Santander Holdings USA, Inc. (“Santander US”), the intermediate holding company for Banco Santander, S.A. (“Santander”) in the United States, today announced that, through a series of transactions, it has completed the acquisition of Webster Financial Corporation (“Webster”), the holding company for Webster Bank, N.A. (“Webster Bank”). Building on Santander's decades-long commitment to the United States, the combined organization brings together two highly complementary.

Santander says the Federal Reserve has approved its acquisition of Webster Bank. The $12 billion deal for the Connecticut-based Webster is now expected to close Aug. 20, Santander said in a news release late Tuesday (Aug. 4).

Banco Santander, S.A. (SAN) Q2 2026 Earnings Call Transcript

Santander's digital transformation and targeted deployment of artificial intelligence helped it achieve record profits in the first half, the bank said in a Wednesday (July 22) earnings release. The bank's underlying profit rose 15% to reach a record 7.3 billion euros (about $8.3 billion) in the first half.

Banco Santander NYSE: SAN reported what executives described as its strongest first half ever, with record quarterly profit in the second quarter and record underlying profit for the first half of 2026, supported by revenue growth across its global businesses, lower costs and continued customer expansion.

Net profit was down 36% compared with the prior quarter, which the bank attributed to restructuring charges arising from recent deals.

Spain's Santander said on Wednesday its ​net profit in the ‌second quarter rose 3% from the same period in ​2025, supported by ​higher revenues and two months' ⁠contributions of British lender ​TSB, which was partly ​offset by restructuring charges in Britain.

The partnership, a first of its kind for the artificial intelligence company, will use the prediction market's data to power some search results about the soccer tournament.