Welcome to our dedicated page for Webster Financial news (Ticker: WBS), a resource for investors and traders seeking the latest updates and insights on Webster Financial stock.
Webster Financial Corporation (NYSE: WBS) news hub provides investors and stakeholders with essential updates from this leading Northeast financial institution. Track official announcements including quarterly earnings, strategic partnerships, leadership changes, and regulatory developments through our curated collection of press releases and verified news sources.
This resource simplifies monitoring of WBS's commercial banking initiatives, HSA Bank innovations, and consumer financial solutions across Connecticut, New York, Massachusetts, Rhode Island, and Pennsylvania. Discover how Webster's customer-first approach and ethical banking practices translate into operational decisions through transparent reporting.
Key updates include dividend declarations, community reinvestment programs, digital banking enhancements, and wealth management service expansions. Bookmark this page for direct access to primary source materials from Webster Financial, ensuring you stay informed about one of New England's most trusted financial institutions.
Webster Financial (NYSE: WBS) reported Q1 2025 net income of $220.4 million, or $1.30 per diluted share, up from $210.1 million ($1.23/share) in Q1 2024. Revenue reached $704.8 million, with net interest margin at 3.48%.
Key metrics include: loans and leases balance of $53.1 billion (up 1.0% QoQ), deposits of $65.6 billion (up 1.3% QoQ), and provision for credit losses of $77.5 million. The bank maintained strong capital ratios with Common Equity Tier 1 at 11.26% and efficiency ratio at 45.79%.
Performance across segments showed mixed results: Commercial Banking saw a 10.6% decline in pre-tax revenue, Healthcare Financial Services grew 7.6%, while Consumer Banking experienced an 11.7% decrease in pre-tax revenue compared to Q1 2024.
Webster Financial (NYSE: WBS) has scheduled its first quarter 2025 earnings release and conference call. The earnings will be released on Thursday, April 24, 2025, at approximately 7:30 a.m. (Eastern), followed by a conference call at 9:00 a.m. (Eastern).
The conference call will be accessible via toll-free number (888-330-2446) or international number (1-240-789-2732) using passcode 8607257. A webcast will be available through Webster's Investor Relations website, with replay options available shortly after the call's completion. A telephone replay will be accessible for one week starting from noon Eastern on April 24, 2025.
Webster Financial (NYSE: WBS) announced that Executive Vice President and Chief Risk Officer (CRO) Dan Bley will retire after 14 years with the company. Bley will continue serving as CRO until a successor is appointed, after which he will transition to an advisory role to ensure continuity.
The company has initiated a comprehensive search process with executive search firm Russell Reynolds to find Bley's replacement. During his tenure, Bley played a important role in establishing a robust risk culture at Webster and enhancing risk management programs to support the bank's growth.
Webster Financial (NYSE:WBS) has announced that Chairman and CEO John Ciulla will address investors at the 2025 RBC Capital Markets Global Financial Institutions Conference. The presentation is scheduled for March 5, 2025, at 10 a.m. ET.
Investors and interested parties can access the live webcast through Webster's investor relations website at investors.websterbank.com on the Events page. The company will also make a replay of the presentation available after the event concludes.
Webster Financial (NYSE: WBS) has announced dividend declarations for its common and preferred stocks. The company will pay a quarterly cash dividend of $0.40 per share on common stock, payable February 20, 2025, to shareholders of record as of February 10, 2025.
For preferred stockholders, Webster declared: a quarterly dividend of $328.125 per share on Series F Preferred Stock ($0.328125 per depositary share), payable March 17, 2025, to shareholders of record on March 2, 2025; and $16.25 per share on Series G Preferred Stock ($0.40625 per depositary share), payable April 15, 2025, to shareholders of record on March 31, 2025.
Webster Financial (WBS) reported Q4 2024 net income of $173.6 million, or $1.01 per diluted share, compared to $181.2 million, or $1.05 per share in Q4 2023. Adjusted EPS was $1.43, excluding securities repositioning losses of $56.9 million and a deferred tax asset valuation adjustment of $29.4 million.
Key Q4 2024 metrics include: revenue of $661.0 million, loans and leases balance of $52.5 billion (up 1.1% from prior quarter), deposits of $64.8 billion (up 0.4%), and net interest margin of 3.39%. The provision for credit losses was $63.5 million, with net charge-offs at $60.9 million.
The company's capital position remained strong with a common equity tier 1 ratio of 11.50% and efficiency ratio of 44.80%. Total deposits increased to $64.8 billion, with core deposits representing 87.3% of total deposits.
Webster Financial (NYSE: WBS) has scheduled its fourth quarter 2024 earnings release and conference call for Friday, January 17, 2025. The earnings release will be available at approximately 7:30 a.m. (Eastern), followed by a conference call at 9:00 a.m. (Eastern).
The company will provide multiple ways to access the earnings information, including a toll-free dial-in number (888-330-2446) and international access (1-240-789-2732). A webcast will be available through Webster's Investor Relations website, with replay options accessible shortly after the call. Additionally, a telephone replay will be available for one week starting at noon Eastern on January 17, 2025.
Webster Financial (NYSE: WBS) has announced a reduction in its prime lending rate from 7.75% to 7.50%. The new rate will take effect on December 19, 2024. This adjustment to the prime lending rate affects Webster Bank, N.A., the company's banking subsidiary.
Marathon Asset Management and Webster Bank have closed a senior-secured financing agreement for Sunbelt Modular to support its acquisition by Littlejohn & Co. Sunbelt, a leading modular building solutions provider with over 45 years of history and 1,300+ employees, will continue to be led by CEO Ron Procunier. This marks the second financing transaction completed by Marathon and Webster Bank's Private Credit joint venture. Marathon's Private Credit platform offers financing solutions ranging from $50 million to $250 million, while working alongside Webster Bank's middle market sponsor lending program.
Webster Bank is expanding its Finance Lab initiative by partnering with three new nonprofit organizations, providing $100,000 grants each to Boys & Girls Clubs of Providence, Boys & Girls Clubs of Dorchester, and SCO Family of Services. This expansion is part of Webster's multi-year, multi-billion-dollar Community Investment Strategy focused on financial empowerment in low- to moderate-income communities. Since its launch in June 2022, the initiative has invested $1.7 million through partnerships with nine nonprofits, establishing Finance Labs to provide financial education and economic empowerment programs for young people.
