secwatch.observer — SEC 8-K summary
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Issuer:     Santander Holdings USA, Inc. (—)
CIK:        0000811830
Form:       8-K
Filed at:   2026-06-02T12:18:12+00:00
Accession:  0001193125-26-252582
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster stockholders approve acquisition by Santander; Q1 net income $246M
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- Webster stockholders voted to approve the HoldCo Transactions at May 26 special meeting.
- Webster reported Q1 2026 net income of $246M (diluted EPS $1.50) vs $227M ($1.30) year ago.
- Net interest income $634M, up from $612M; provision for credit losses $54M vs $78M.
- Total assets $85.6B; deposits $69.0B; loans and leases $57.2B (net of allowance).
- Pro forma combined financials filed reflecting the acquisition as if completed Jan 1, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811830/000119312526252582/0001193125-26-252582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811830/000119312526252582/d151630d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-252582

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer