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Santander expects to save $280M in tech costs through 2028 by acquiring Webster

Bank saved $106M in Q4 through tech restructuring

Vaidik TrivedibyVaidik Trivedi
February 4, 2026
in Banking
Reading Time: 5 mins read
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Santander Bank predicts its $12 billion acquisition of Webster Bank will provide it with additional synergies of more than $800 million through 2028 and result in a savings of $280 million in technology costs.  “We will be a top-10 national retail and commercial bank by assets in the U.S., and again, our U.S. deposit franchise, together with Webster, becomes more stable and diversified,” Executive Chair Ana Botin said today during the $2.16 trillion bank’s fourth-quarter earnings call. “The technology […]

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Tags: artificial intelligence (AI)earningsEuropean bankingmergers and acquisitions (M&A)PremiumSantander
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A logo sits on display outside the Bank of Valletta Plc's (BOV)  international corporate center in Valletta, Malta, on Tuesday, Oct. 20, 2015. ECB President Mario Draghi will convene his Governing Council on the Mediterranean island of Malta this week to set monetary policy for a 19-nation region that is seeing its recovery buffeted by slowing international trade and global market volatility. Photographer: Yorgos Karahalis/Bloomberg

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