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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 Bank Corporate Responsibility Report: Environmental Sustainability

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Webster Bank continues to advance plans to create efficiencies and reduce emissions. They have increased their use of renewable energy and purchased renewable energy certificates (RECs) to offset their energy consumption. In 2022, they purchased RECs to match 100% of their annual usage, taking meaningful climate action. Webster Bank has also implemented initiatives to reduce their environmental impact and promote environmentally friendly practices. They have financed commercial loans for renewable energy and environmental remediation projects, totaling approximately $661 million in 2022. The bank is actively developing a risk management framework to address climate-related risks.
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Junior Achievement, United Way Recognize Webster Bank for its Philanthropic Support in Region

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Webster Bank (WBS) Receives Three Awards from United Way and Junior Achievement for Philanthropic Support in Westchester-Putnam Counties, Connecticut, and Rhode Island. The awards recognize Webster's $20 million raised over two decades, leadership positions in United Way, and support for Junior Achievement's financial empowerment programs.
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Webster Raises Prime Lending Rate to 8.50 Percent

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Webster Financial Corporation (NYSE: WBS) Raises Prime Lending Rate to 8.50 Percent
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Connecticut Green Bank Recognizes Webster for Support of Environmental Initiatives

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Webster Bank (WBS) Recognized by Connecticut Green Bank for Green Initiatives and Impact on Green Economy - Webster Bank has been recognized by the Connecticut Green Bank for its outstanding partnership and support of Green Bank initiatives, including residential and commercial solar photovoltaic (PV), Green Liberty Bonds, and the Green Bank's Commercial Property Assessed Clean Energy efforts. The 2022 Awards recognize key partners in the Green Bank's network, with Webster Bank being honored for its commitment to promoting environmentally friendly projects and practices throughout communities. The Green Bank has helped create 66,000 clean energy projects since 2011.
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Webster Reports Second Quarter 2023 EPS of $1.32; Adjusted EPS of $1.50

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Webster Financial Corporation (WBS) announced Q2 2023 net income of $230.8 million, or $1.32 per diluted share, with revenue of $673.2 million. The company's unique funding profile contributed to consistent earnings in a challenging banking industry. Commercial Banking segment saw a 15.1% increase in net interest income, while HSA Bank division's net interest income rose by 52.2%.
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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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Webster Bank Corporate Responsibility Report: Human Capital

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Webster Bank (WBS) emphasizes its commitment to corporate responsibility and values-driven operations in its 2022 Corporate Responsibility Report. The report highlights the organization's dedication to competitive total rewards programs, colleague development, diversity, safety, fair labor practices, and equal opportunities. Webster also introduced the 'Belonging at Webster' course in 2022 to promote a workplace free of discrimination, harassment, and bullying.
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Webster Financial Corporation Announces Q2 2023 Earnings Release and Conference Call

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Webster Financial Corporation announces details for its second quarter 2023 earnings release and conference call.
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Webster Bank Expands Finance Lab Initiative in Connecticut and Massachusetts

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Webster Bank announces new Finance Lab collaborations with three partners to provide financial empowerment programs to students in low- to moderate-income areas. Each partner has been granted $100,000. The Finance Labs are part of Webster's $6.5B Community Investment Strategy and have committed $600,000 to date.
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Webster Bank Corporate Responsibility Report: Social Supply Chain

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Webster Bank has released its 2022 Corporate Responsibility Report, highlighting its Supplier Diversity program and commitment to expanding access to capital. The bank has developed policies and practices to ensure equal opportunity and enable access, partnering with organizations that support women- and minority-owned businesses. Webster Bank has also been recognized for its lending efforts and introduced Webster Connect Checking, a product aimed at unbanked and underbanked clients.
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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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