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 Corporation (NYSE: WBS) reported strong second-quarter 2021 earnings of $91.6 million, or $1.01 per diluted share, compared to $50.7 million, or $0.57 per share, a year prior. Adjusted earnings would be $1.21 per diluted share after merger-related charges of $18.2 million. Revenue reached $293.6 million, with loan growth of 3.2% excluding PPP loans, and $2.4 billion in loan originations, up 26%. Credit trends improved, with a reserve decrease of $20.4 million. Total deposits increased by $2.5 billion, marking a 9.5% year-over-year growth.
Webster Financial Corporation (NYSE:WBS) has announced a quarterly cash dividend of $0.40 per share on its common stock, payable on August 17, 2021 to shareholders of record as of August 3, 2021. Additionally, for its Series F Preferred Stock, a dividend of $328.125 per share will be paid on September 15, 2021 to shareholders of record on September 1, 2021. With assets totaling $33.3 billion, Webster provides a range of banking services through its extensive network.
Webster Financial Corporation (NYSE: WBS) will release its second quarter earnings on July 22, 2021, at approximately 7:30 a.m. (Eastern). A conference call will follow at 9:00 a.m. (Eastern). Investors can join the call by dialing 877-407-8289 or 201-689-8341 (international). Webcast access is available via Webster's Investor Relations website. Additionally, a replay of the call will be available for one week from 11:00 a.m. (Eastern) on the same day.
Webster Financial, with $33.3 billion in assets, offers various banking services through its network of branches and ATMs.
Webster Investments announced that Samie Seyal, a sales support specialist, has been named a 2021 Rising Star by the Bank Insurance and Securities Association (BISA). This recognition is part of BISA's exclusive program aimed at fostering leadership in young professionals committed to diversity, equity, and inclusion in finance. Seyal has been with Webster for five years, spending two years in the Webster Investments team. BISA will honor the Rising Stars at its annual convention in Hollywood, Florida, in July.
Webster Bank has reaffirmed its commitment to promoting diversity, equity, and inclusion in the workplace. In observance of Juneteenth in 2021, the bank will invest in organizations focused on racial equity and social justice, including the Equal Justice Initiative and YWCA of Southeastern Wisconsin. Additionally, Webster Bank is a Silver Circle sponsor for the 2021 Juneteenth Virtual Celebration. With $33.3 billion in assets, Webster offers diverse banking services while actively engaging in community support for racial equity.
Webster Financial Corporation (NYSE: WBS) has declared a quarterly cash dividend of $0.40 per share on its common stock, payable on May 19, 2021, to shareholders of record on May 5, 2021. Furthermore, a quarterly cash dividend of $328.125 per share on its Series F Preferred Stock will be paid on June 15, 2021, to shareholders of record on June 1, 2021. With $33.3 billion in assets, Webster offers a range of banking services through its various divisions.
Webster Financial Corporation (WBS) reported a significant earnings growth for Q1 2021, with a net income of $105.5 million ($1.17 per diluted share), up from $36.0 million ($0.39) a year ago. Revenue reached $300.5 million, driven by a 2.0% increase in loans and a 16.2% rise in deposits. The bank originated $533.0 million in PPP loans. However, it incurred $9.4 million in charges for strategic optimization. The net interest margin was 2.92%, showing compression due to liquidity, while credit quality improved, allowing for a $25.8 million benefit in provisions for credit losses.
Webster Financial Corporation (NYSE: WBS) and Sterling Bancorp (NYSE: STL) announced a definitive agreement for an all-stock merger of equals, valued at approximately $10.3 billion. Under the agreement, Sterling shareholders will receive an exchange ratio of 0.463 Webster shares for each Sterling share. Upon completion, Webster shareholders will hold 50.4% and Sterling shareholders 49.6% of the combined entity. The merger aims to create a $63 billion bank with strong revenue growth potential, enhanced profitability, and a robust deposit franchise, with a focus on commercial and consumer banking.
Webster Financial Corporation (NYSE: WBS) announced its earnings release and conference call details for Q1 2021. The earnings release is scheduled for April 20, 2021 at approximately 7:30 a.m. (Eastern), followed by a conference call at 9:00 a.m. (Eastern). Investors can join via phone or through a webcast available on Webster’s Investor Relations website. The replay will be accessible post-call and for one week after the call. With $32.6 billion in assets, Webster Bank provides various financial services, including banking, mortgages, asset-based lending, and health savings accounts.
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.
