Finance

Santander Unveils €5 Billion Buyback Alongside Webster Deal

A customer uses an ATM at a Banco Santander branch in London. — A customer uses an ATM at a Banco Santander branch in London.
Photographer: Luke MacGregor/Bloomberg

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By Jorge Zuloaga

February 3, 2026 at 7:03 PM UTC

Updated on

February 3, 2026 at 7:30 PM UTC

Banco Santander SA announced a €5 billion ($5.9 billion) share buyback after confirming it has agreed to buy Webster Financial Corp. for $12 billion.

Spain’s biggest lender reported net income of €3.76 billion for the fourth quarter, it said in a statement Tuesday. This compared with a Bloomberg-compiled estimate of €3.48 billion.