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Webster Financial Corporation Waterbury - WBS STOCK NEWS

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.

News

Webster Reports First Quarter 2024 EPS of $1.23; Adjusted EPS of $1.35

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Webster Financial announced first quarter 2024 EPS of $1.23, with adjusted EPS of $1.35. Net income available to common stockholders was $212.2 million. Revenue was $667.1 million, with a period end loan balance of $51.1 billion and deposit balance of $60.7 billion. Highlights include solid results, adjusted return on assets of 1.26%, and enhanced deposit franchise with Ametros acquisition.
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Webster Financial Corporation Announces Q1 2024 Earnings Release and Conference Call

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Webster Financial (WBS) announced details for its first quarter 2024 earnings release and conference call. The earnings release is set for Tuesday, April 23, 2024, at 7:30 a.m. (Eastern), followed by a conference call at 9:00 a.m. (Eastern). Investors can join via dial-in number or webcast, with replays available on the company's Investor Relations website.
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Webster Announces CFO Transition

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Webster Financial announces the retirement of Glenn MacInnes, the Executive Vice President and CFO, after 13 years of service. The company is initiating a search for his successor to ensure a smooth transition. MacInnes will continue as CFO until a new candidate is appointed. The Board expresses gratitude for MacInnes' contributions in transforming Webster into a top-performing regional bank, focusing on profitability and operational efficiency.
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Webster Financial Corporation Declares Common and Preferred Dividends

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Webster Financial Corporation (NYSE:WBS) announced a quarterly cash dividend of $0.40 per share on its common stock, payable on February 16, 2024. The company also declared dividends on its Series F and Series G Preferred Stock, with payouts on March 15, 2024, and April 15, 2024, respectively.
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Webster Closes Ametros Acquisition

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Webster Financial Corporation (NYSE: WBS) has completed the acquisition of Ametros Financial Corp, the nation’s largest professional administrator of medical insurance claim settlements. The business will continue to operate under the Ametros and CareGuard brands, providing Webster a fast-growing source of low-cost and long-duration deposits, further diversifying Webster’s deposits and noninterest income.
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Webster Reports Fourth Quarter 2023 EPS of $1.05; Adjusted EPS of $1.46

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Webster Financial Corporation (NYSE: WBS) reported net income available to common stockholders of $181.2 million, or $1.05 per diluted share, for the quarter ended December 31, 2023, compared to $240.6 million, or $1.38 per diluted share, for the same period in 2022. The fourth quarter 2023 results include charges related to a FDIC special assessment, the merger with Sterling Bancorp, and securities repositioning. Excluding these charges, adjusted earnings per diluted share would have been $1.461 for the quarter ended December 31, 2023. Revenue for the quarter was $634.8 million, with period end loan and lease balance of $50.7 billion and deposit balance of $60.8 billion. The provision for credit losses totaled $36.0 million. Return on average assets was 1.01 percent, and return on average tangible common equity was 14.49 percent. The efficiency ratio was 43.04 percent. The company also announced the acquisition of Ametros Financial.
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Webster Financial Corporation Announces Q4 2023 Earnings Release and Conference Call

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Webster Financial Corporation (WBS) announces details for its Q4 2023 earnings release and conference call. Earnings release on January 23, 2024, at 7:30 a.m. (Eastern). Conference call on the same day at 9:00 a.m. (Eastern). Dial-in number, passcode, webcast, and replay details provided.
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Webster Signs Definitive Agreement to Acquire Ametros

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Webster Financial Corporation (NYSE: WBS) has signed a definitive agreement to acquire Ametros Financial Corp, the nation’s largest professional administrator of medical insurance claim settlements, for $350 million. The acquisition is expected to provide a fast-growing source of low-cost and long-duration deposits, new sources of noninterest income, and enhance Webster’s healthcare financial services expertise. Ametros has over 24,000 members and $804 million in deposits under custody, which will become deposits of Webster following the closing of the transaction. The average deposit balance per account was $33,000. The acquisition is anticipated to be over 2% accretive to FY25 consensus estimates, generate an IRR over 25%, and has a five-year earn-back of tangible book value dilution.
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Webster Financial Corporation Declares Common and Preferred Dividends

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Webster Financial Corporation declares quarterly cash dividends on common stock and preferred stock
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CORRECTING and REPLACING Webster Financial Corporation Declares Common and Preferred Dividends

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Webster Financial Corporation (NYSE:WBS) has declared dividends for its common stock and preferred stock. The quarterly cash dividend for common shares is $0.40 per share and will be payable on November 13, 2023. The dividend for Series F Preferred Stock is $328.125 per share and will be payable on December 15, 2023. The dividend for Series G Preferred Stock is $16.25 per share and will be payable on January 15, 2024.
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FAQ

What is the current stock price of Webster Financial Corporation Waterbury (WBS)?

The current stock price of Webster Financial Corporation Waterbury (WBS) is $61.76 as of November 22, 2024.

What is the market cap of Webster Financial Corporation Waterbury (WBS)?

The market cap of Webster Financial Corporation Waterbury (WBS) is approximately 10.5B.

What services does Webster Financial Corporation offer?

Webster Financial Corporation provides commercial and consumer banking, mortgages, investment advisory, trust, and wealth management services.

Where is Webster Financial Corporation headquartered?

Webster Financial Corporation is headquartered in Waterbury, Connecticut.

What are the main business segments of Webster Financial Corporation?

The main business segments are Commercial Banking, HSA Bank, and Consumer Banking.

What is the Webster Way?

The Webster Way refers to the company's core values of responsibility, respect, ethical behavior, citizenship, and teamwork.

Which segment generates the most revenue for Webster Financial Corporation?

The Commercial Banking segment generates the most revenue for Webster Financial Corporation.

How does Webster Financial Corporation support its customers?

Webster supports its customers by understanding their needs and providing solutions that help them achieve their financial goals.

In which states does Webster Financial Corporation operate?

Webster operates in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania.

Is Webster Financial Corporation a member of the FDIC?

Yes, Webster Financial Corporation is a member of the FDIC.

What recent achievements has Webster Financial Corporation made?

Webster has made strategic partnerships and technological advancements to enhance customer experience.

How can I stay updated on Webster Financial Corporation's news?

You can stay updated by visiting the news section on Webster Financial Corporation's official website.

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Webster Financial Corporation Waterbury

NYSE:WBS

WBS Rankings

#846 Ranked by Market Cap
#1168 Ranked by Dividends

WBS Stock Data

10.54B
169.86M
0.91%
88.43%
1.73%
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