Welcome to our dedicated page for Webster Financial Corporation Waterbury news (Ticker: WBS), a resource for investors and traders seeking the latest updates and insights on Webster Financial Corporation Waterbury stock.
Webster Financial Corporation, headquartered in Waterbury, Connecticut and traded under the symbol WBS, is a comprehensive financial services provider. Established in 1935, Webster Bank, N.A., a principal subsidiary, offers a wide range of banking solutions, including commercial and consumer banking, mortgages, investment advisory, trust, and wealth management services. This institution caters to individuals, families, and businesses across Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania.
Webster operates through three key segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment is the largest revenue generator, offering tailored financial solutions to businesses of all sizes. The HSA Bank segment offers health savings accounts to individuals and businesses, while the Consumer Banking segment provides a broad spectrum of financial products to everyday consumers, including personal loans, credit cards, and deposit products.
The company prides itself on living up to its promise of understanding and addressing what matters most to its customers and communities. Webster Financial Corporation emphasizes values such as responsibility, respect, ethical behavior, citizenship, and teamwork, collectively known as the Webster Way. These guiding principles ensure that the company consistently puts people first, helping them achieve their financial goals and build fulfilling lives.
In recent years, Webster has achieved notable milestones, including strategic partnerships and technological advancements that enhance customer experience. The company's robust financial condition is reflected in its continual growth and the trust it has built within the community.
For the latest updates and relevant information about Webster Financial Corporation's performance and developments, visit our news section regularly.
Webster Bank announced that Chris Perry, Senior VP and Managing Director for Webster Wealth Advisors, has been recognized as a Five Star Wealth Manager in Connecticut for the eighth consecutive year. This accolade highlights his commitment to client service and enhances Webster's reputation. The Five Star Program, a prestigious financial services award in North America, evaluates wealth managers on various criteria, including experience and assets under management. Webster Bank holds $32.6 billion in assets, providing a range of banking services through 155 centers.
Webster Financial Corporation (NYSE: WBS) has announced its 2021 annual meeting of shareholders, scheduled for April 22, 2021, at 4:00 p.m. EDT. The meeting will be held in a virtual-only format, with the record date for shareholders eligible to vote set for February 25, 2021. Additional details on accessing the meeting will be included in the company's proxy statement. With assets totaling $32.6 billion, Webster offers a range of banking services, including business and consumer banking, mortgages, and investment services.
Webster Bank has achieved an "Outstanding" rating from the Office of the Comptroller of the Currency (OCC) in its Community Reinvestment Act (CRA) Performance Evaluation, marking the second consecutive time receiving this top rating. The evaluation, covering transactions from 2017 to 2019, highlighted excellent lending, impactful community development investments, and outreach to low- and moderate-income communities in Connecticut, Massachusetts, Rhode Island, and New York. Webster aims to promote responsible banking and enhance community reinvestment.
Webster Financial Corporation (NYSE: WBS) declared a quarterly cash dividend of $0.40 per share on common stock, payable on February 23, 2021, to shareholders of record by February 9, 2021. Additionally, a quarterly cash dividend of $328.125 per share on Series F Preferred Stock will be paid on March 15, 2021, to shareholders of record by March 1, 2021. With $32.6 billion in assets, Webster continues to provide a range of banking services through its divisions, including consumer and commercial banking.
Webster Financial Corporation (WBS) reported earnings of $57.7 million ($0.64 per diluted share) for Q4 2020, down from $88.1 million ($0.96) in Q4 2019. Adjusted EPS would have been $0.99 after strategic charges of $42.0 million. Total revenue reached $293.7 million, with loan growth of $1.6 billion (8.0% YoY). Deposit growth was $4.0 billion (17.2%). The company’s net interest margin was 2.83%, with a provision for credit losses at $(1.0) million. CEO John Ciulla emphasized ongoing support for customers and strategic priorities for growth in 2021.
Webster Financial Corporation (WBS) has announced the schedule for its fourth quarter 2020 earnings release and conference call. The earnings will be released on January 21, 2021, at approximately 7:30 a.m. Eastern, followed by a conference call at 9:00 a.m. Eastern. Investors can join the call by dialing 877-407-8289 for domestic calls and 201-689-8341 for international calls. Additionally, the call will be available via webcast on Webster's Investor Relations website. A replay will be available shortly after the call's completion.
HSA Bank, a division of Webster Bank, has partnered with MedPut to enhance employee healthcare benefits. This innovative solution allows employees to pay healthcare expenses upfront, which can later be reimbursed through payroll deductions. MedPut aims to lower healthcare costs by negotiating payments on behalf of employees, helping them use their Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), or Health Reimbursement Arrangements (HRAs) efficiently. This partnership is designed to alleviate financial stress and promote better healthcare access for users.
Webster Financial Corporation (NYSE: WBS) has promoted Jonathan W. Roberts to Head of Retail Banking and Consumer Lending, a role in which he will manage retail operations and lead consumer products. Since joining in 2017, Roberts has driven the growth of consumer deposits while modernizing the bank's technology and services. His new appointment is expected to enhance responsiveness to customer needs and expand the bank's commercial activities. The company, with $33.0 billion in assets, operates 156 banking centers and provides a range of financial services.
Webster Financial Corporation (NYSE: WBS) has declared a quarterly cash dividend of $0.40 per share on its common stock, payable on November 24, 2020 to shareholders of record on November 10, 2020. Additionally, a cash dividend of $328.125 per share on its Series F Preferred Stock will be paid on December 15, 2020 to shareholders of record on December 1, 2020. This steady dividend payout reflects confidence in the company's financial health, which holds $33.0 billion in assets, providing diverse banking services through multiple channels.
FAQ
What is the current stock price of Webster Financial Corporation Waterbury (WBS)?
What is the market cap of Webster Financial Corporation Waterbury (WBS)?
What services does Webster Financial Corporation offer?
Where is Webster Financial Corporation headquartered?
What are the main business segments of Webster Financial Corporation?
What is the Webster Way?
Which segment generates the most revenue for Webster Financial Corporation?
How does Webster Financial Corporation support its customers?
In which states does Webster Financial Corporation operate?
Is Webster Financial Corporation a member of the FDIC?
What recent achievements has Webster Financial Corporation made?
How can I stay updated on Webster Financial Corporation's news?
