Webster Bank (merged into Santander Bank)

What sets Webster Bank apart

How large is Webster Bank?

The balance sheet of Webster Bank at Q2 2026: assets $85.9 bn, deposits $70.7 bn, net loans $57.2 bn (loans equal to 80.88% of deposits). Securities make up 21.3% of total assets at Webster Bank. Since Q1 2016, when Webster Bank held $24.9 bn, its assets grew 244.8%. In the year to Q2 2026, deposits at Webster Bank rose 6.1% while its total assets rose 5.0%. At Q2 2026, Webster Bank employed 4,565 full-time equivalent staff across 194 offices, about $18.8 mn of assets per employee and $364.3 mn of deposits per office.

How much funding at Webster Bank is uninsured?

At Webster Bank, uninsured deposits (above the FDIC limit) made up 34.58% of domestic deposits at Q2 2026 (+1.75 pp on a year earlier). In dollars, Webster Bank estimated $24.4 bn of uninsured deposits.

Key facts, Q2 2026

US rank of Webster Bank: 1 = highest unless marked 1 = lowest.

The CET1 ratio of Webster Bank stood at 12.23% in Q2 2026, -0.32 pp year on year. Low and high at Webster Bank since Q1 2016: 10.61% (Q4 2016) to 13.28% (Q1 2022). Equity capital of Webster Bank at Q2 2026: $9.8 bn, or 11.4% of total assets. Webster Bank also reported a total capital ratio of 13.47% for Q2 2026, and a tier 1 leverage ratio of 8.51%.

On held-to-maturity securities, Webster Bank carried an unrealized loss of $885.2 mn at Q2 2026, equal to 9.0% of equity capital. The loss narrowed by $16.4 mn over the year. Its deepest point: $1.2 bn in Q3 2023. The available-for-sale portfolio of Webster Bank showed an unrealized loss of $575.6 mn at Q2 2026; the loss widened by $6.5 mn over the year.

For the year to Q2 2026, Webster Bank earned a return on equity of 10.82%; return on assets: 1.24%. Net interest margin at Webster Bank: 3.31%, -0.13 pp in a year. Webster Bank net income: $527.1 mn, up 5.5% year on year. The efficiency ratio of Webster Bank was 48.71%: about 49 cents cost per revenue dollar, against 55 cents at the median peer.

At Q2 2026, noncurrent loans were 0.76% of total loans at Webster Bank; net charge-offs: 0.29% of average loans. Gross loans and leases at Webster Bank: $57.9 bn at Q2 2026, against $54.0 bn at Q2 2025.

The peer group of Webster Bank is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 3 share the charter type of Webster Bank (national bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in Connecticut. Against them, Webster Bank shows CET1 ratio 12.23% against a peer median of 11.71%, return on equity 10.82% against a peer median of 13.45% and uninsured deposit share 34.58% against a peer median of 41.80%.

The FDIC history of Webster Bank, oldest first; figures before and after each event are not like for like.

1. 1 February 2022. Absorbed Sterling National Bank (FDIC certificate 30337).
2. 20 August 2026. Merged into Santander Bank, N.A. (FDIC certificate 29950).

Large one-quarter moves at Webster Bank

• Total assets at Webster Bank changed by +86.3% in the quarter to 2022-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Sterling National Bank.