Webster Financial Corporation Waterbury - WBS STOCK NEWS

HSA Bank, a division of Webster Bank, has released its fifth annual Health & Wealth Index, revealing critical insights into American healthcare behaviors, particularly regarding mental health. Key findings indicate that over half of Generation Z would switch jobs for better healthcare benefits, while many feel unprepared for future healthcare costs. Notably, the new mental wellness index shows significant engagement disparities, with younger employees accessing mental health services more than older generations. Despite progress, Chad Wilkins emphasizes the need for employers to enhance mental health support.

Webster Financial Corporation (NYSE: WBS) announced an increase in its prime lending rate from 3.50 percent to 4.00 percent, effective May 5, 2022. This decision reflects the company's strategic response to current economic conditions. Webster, headquartered in Stamford, CT, is a significant player in the Northeast banking sector, providing both digital and traditional financial services across commercial, consumer, and employee benefits segments. With $65 billion in assets, Webster is positioned to enhance its competitive edge in the market.

Webster Financial Corporation (NYSE:WBS) announced a quarterly cash dividend of $0.40 per share on common stock, payable on May 27, 2022, to shareholders of record by May 12, 2022. Additionally, quarterly dividends were declared for Series F and G Preferred Stock, set at $328.125 and $16.25 per share, respectively. These will be payable on June 15, 2022, and July 15, 2022. Webster, headquartered in Stamford, CT, has assets of $65 billion and operates across the northeastern U.S., focusing on commercial and consumer banking solutions.

Webster Financial Corporation (NYSE: WBS) reported a net loss of $20.2 million, or $0.14 per diluted share, for Q1 2022, a significant drop from a profit of $106.1 million, or $1.17 per share, in Q1 2021. The results were heavily impacted by $279.5 million in merger-related expenses due to the recent merger with Sterling Bancorp, which closed on January 31, 2022. Revenue reached $498.3 million, boosted by strong underlying business trends and expanded operations. The company announced an additional $600 million share repurchase authorization.

Webster Financial Corporation (NYSE: WBS) will release its first quarter 2022 earnings on April 28, 2022, at approximately 7:30 a.m. (Eastern). A conference call will follow at 9:00 a.m. (Eastern). Participants can join via dial-in at 877-407-8289 or 201-689-8341 for international calls. The call will also be accessible via webcast on the company's Investor Relations website. A replay will be available for a week after the call, starting at 12:00 noon (Eastern) on April 28.

Webster Financial Corporation (NYSE: WBS) has announced a quarterly cash dividend of $16.25 per share on its Series G Preferred Stock, payable on April 18, 2022. Shareholders of record on April 8, 2022 will receive $0.40625 for each depositary share. Headquartered in Stamford, CT, Webster manages over $65 billion in assets and is a leading commercial bank in the Northeast, providing financial solutions through its Commercial and Consumer Banking sectors, alongside its HSA Bank division.

Webster Financial Corporation (NYSE: WBS), based in Stamford, CT, announced an increase in its prime lending rate from 3.25% to 3.50%, effective March 17, 2022. This adjustment reflects the bank's response to economic conditions and the need to align its lending practices accordingly. Webster Bank, a prominent commercial bank in the Northeast with $65 billion in assets, operates across various financial sectors, including Commercial, Consumer Banking, and HSA Bank services.

Webster Financial Corporation (NYSE: WBS) has announced its 2022 annual meeting of shareholders, set for April 28, 2022, at 4:00 p.m. EDT, to be conducted virtually. Shareholders must be registered by March 3, 2022 to participate. The proxy statement will provide further details on accessing the meeting. Webster, headquartered in Stamford, CT, operates across three business lines: Commercial Banking, Consumer Banking, and HSA Bank, with total assets exceeding $65 billion. The meeting underscores the company's commitment to shareholder engagement and transparency.

Webster Financial Corporation (NYSE: WBS) has entered into a definitive agreement to acquire Bend Financial, a leader in cloud-based health savings account (HSA) solutions. This acquisition aims to enhance HSA Bank's capabilities by leveraging Bend's innovative technology to improve the digital experience for clients. As of December 31, 2021, HSA Bank reported $11.1 billion in total footings. The acquisition supports HSA Bank's mission to simplify healthcare savings for its three million members nationwide, reinforcing its position in the competitive healthcare finance market.