Webster Financial Stock Price, News & Analysis

Amerant Bancorp (NYSE: AMTB) has announced the appointment of two new board members: Patricia "Patty" Morrison and Jack Kopnisky. Morrison brings extensive technology leadership experience as former CIO of Cardinal Health and board expertise from various Fortune 500 companies. Kopnisky contributes over 40 years of financial services experience, most recently serving as Executive Chairman of Webster Financial Corporation.

These appointments follow the addition of Lisa Lutoff-Perlo and Odilon Almeida Júnior to the board in January 2025, demonstrating Amerant's commitment to strategic growth and board strengthening as it aims to become Florida's bank of choice.

Webster Bank (NYSE: WBS) has announced the appointment of Andrea Mills as Executive Managing Director and President of Ametros, effective July 1st, 2025. Mills, who has been part of the executive team since 2018 and most recently served as Chief Client Officer, will oversee all operations at Ametros, a leader in professional administration of medical insurance claims settlements. The appointment comes as former CEO Porter Leslie transitions to a senior advisor role at Webster Bank, focusing on strategic opportunities in the Healthcare Financial Services segment. Mills brings significant experience, having contributed to the company's growth and client success during her tenure.

Webster Financial Corporation (NYSE:WBS) announced that its Board of Directors has authorized a significant increase of $700 million to its existing share repurchase program. The program allows for stock repurchases through open market transactions, private deals, and block trades, with implementation possible through Rule 10b5-1 trading plans.

The company will conduct repurchases at management's discretion, considering factors such as stock availability, market conditions, trading price, alternative capital uses, and financial performance. The program has no expiration date but can be modified, suspended, or terminated by the Board at any time based on various factors including market conditions and capital requirements.

Webster Financial Corporation (NYSE: WBS) has announced its latest dividend declarations for both common and preferred stockholders. The company's Board of Directors approved a quarterly cash dividend of $0.40 per share on common stock, payable May 22, 2025, to shareholders of record as of May 12, 2025.

Additionally, Webster declared dividends on two classes of preferred stock:

• Series F Preferred Stock: Quarterly cash dividend of $328.125 per share ($0.328125 per depositary share), payable June 16, 2025
• Series G Preferred Stock: Quarterly cash dividend of $16.25 per share ($0.40625 per depositary share), payable July 15, 2025

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.