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Webster Financial - WBS STOCK NEWS

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, 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 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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Webster Reports Third Quarter 2023 EPS of $1.28; Adjusted EPS of $1.55

Rhea-AI Summary
Webster Financial Corporation reported net income of $222.3 million for Q3 2023, compared to $229.8 million in Q3 2022. The results include charges of $61.6 million related to the merger with Sterling Bancorp. Excluding these charges, adjusted earnings per diluted share would have been $1.551. Revenue was $677.5 million, with period end loans and leases balance of $50.1 billion and period end deposits balance of $60.3 billion. Return on average assets was 1.23 percent, and net interest margin was 3.49 percent.
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Webster Financial Corporation Announces Q3 2023 Earnings Release and Conference Call

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Webster Financial Corporation announces details for its Q3 2023 earnings release and conference call
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Webster Bank Corporate Responsibility Report: Cybersecurity

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Webster Bank emphasizes commitment to data security and privacy in its 2022 Corporate Responsibility Report.
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Webster Recognized as a Corporate Citizen of the Year by Long Island Business News

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Webster Bank recognized as Corporate Citizen of the Year by Long Island Business News
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Webster Bank Corporate Responsibility Report: Ethics and Risk Management

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Webster Bank emphasizes high standards of ethics and transparency with comprehensive corporate governance policies. They introduced a new Code of Business Conduct and Ethics in 2022. Risk Committee held 7 meetings in 2022. Webster takes a comprehensive approach to risk management with a focus on climate-related risks. Compliance training is a critical priority for safety and soundness practices.
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FAQ

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

The current stock price of Webster Financial (WBS) is $54.32 as of March 3, 2025.

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

The market cap of Webster Financial (WBS) is approximately 9.6B.

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

NYSE:WBS

WBS Rankings

#688 Ranked by Market Cap
#1121 Ranked by Dividends

WBS Stock Data

9.64B
169.59M
0.88%
88.15%
1.88%
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