Santander Reports Growth in U.S. Deposits Ahead of Webster Financial Acquisition
Banco Santander has attracted $11 billion in deposits through its U.S. digital platform since launching in 2024, as it awaits regulatory approval for the acquisition of Webster Financial. The bank also reported a 5% year-over-year increase in U.S. loans and an improved return on tangible equity of 11.6% for the first quarter of 2026. The acquisition is expected to close in the second half of the year.
Topics: acquisition banking deposits financial performance regulatory approval