Recent 8-K filings for SNUS-PI
Highest-materiality recent filing
Santander completes Webster acquisition; assumes debt, issues preferred
- Per Webster share: 2.0548 Banco Santander ADs plus $48.75 cash; deal closed Aug 20, 2026.
- SHUSA assumed Webster Virginia's 4.100% Senior Notes due 2029, 5.784% Subordinated Notes due 2035, and SOFR+2.95% junior debentures due 2033.
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Santander completes Webster acquisition; assumes debt, issues preferred
Per Webster share: 2.0548 Banco Santander ADs plus $48.75 cash; deal closed Aug 20, 2026.
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Santander receives Fed approval for Webster acquisition; closing expected Aug 20, 2026
Federal Reserve approved Santander's acquisition of Webster on Aug 4, 2026; OCC and ECB approvals received earlier.
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Webster stockholders approve acquisition by Santander; Q1 net income $246M
Webster stockholders voted to approve the HoldCo Transactions at May 26 special meeting.
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SHUSA, SBNA, and Webster Bank sign Agreement and Plan of Merger; OCC application submitted
Agreement provides for contribution of all Webster Bank (WBNA) shares to SBNA and immediate merger into SBNA.
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Reached $162.5M settlement in class action (Del. Chancery, C.A. No. 2022-0689-LWW) over fiduciary breach claims in 2022 acquisition of Santander Consumer USA.
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Unauthorized access to a Santander database hosted by a third-party provider, affecting customers in Chile, Spain, and Uruguay.
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Santander Holdings USA posts Q4 2023 net loss of $58M; NII declines to $1.4B
Net loss of $58M in Q4 2023 vs net income of $120M in Q3 2023; pre-tax loss of $149M.
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Santander Holdings USA issues $1B of 6.174% Fixed-to-Floating Senior Notes due 2030
Issued $1,000,000,000 aggregate principal amount of 6.174% Fixed-to-Floating Rate Senior Notes due 2030.
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Santander closes JV with FDIC, acquires 20% stake in $9B multifamily portfolio from Signature Bank
Acquired 20% equity stake in joint venture for $1.1B; will service 100% of the $9B multifamily loan portfolio.
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Santander Holdings USA reports Q3 2023 net income $120M; pre-tax loss $28M, NII down 8% YoY
Net income $120M vs $228M Q3 2022; pre-tax loss $28M vs income $304M YoY.
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SHUSA stress capital buffer set at 2.5%, overall CET1 requirement 7.0%
SCB of 2.5% CET1, effective Oct 1, 2023; lowest possible under Federal Reserve rules.
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Santander Holdings USA Q1 net income $325M, down 58% YoY; CET1 falls to 12.7%
Q1 2023 net income $325M vs $778M in Q1 2022; pre-tax income $325M, up from $121M in Q4 2022.
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SHUSA Q3 2022 net income $228M, down 68% YoY; credit loss expense $636M
Net income attributable to SHUSA $228M vs $707M in Q3 2021; pre-tax income $304M vs $1,084M.
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Santander Holdings USA restates cash flow statements for 2021 quarters; material weakness found
Misclassification of $1.1B, $900M, $800M in operating vs. investing cash flows for Q1, H1, 9M 2021.
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SHUSA completes acquisition of Santander Consumer USA for $41.50/share, ~$2.5B total consideration
All-cash tender offer expired Jan 27, 2022; ~23.5% of shares tendered, followed by merger under DGCL 251(h).
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Tender offer expired Jan 27, 2022; 14,184,414 SC shares tendered (~4.6% of outstanding, 23.5% of minority stake).
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Santander Holdings USA to acquire Santander Consumer USA for $41.50/share in cash
All-cash tender offer at $41.50 per share for all SC shares not already owned by SHUSA, followed by a second-step merger.
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Santander Holdings to acquire remaining 20% of Santander Consumer USA at $41.50/share
Offer price $41.50 per share, representing a 14% premium to July 1 close of $36.43.
Materiality & sentiment trend
Max materiality 0.90 · Median 0.50 · Most common event other_material