Webster Financial Corporation
Description
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment offers commercial real estate and equipment financing, business banking, asset-based lending, and commercial services; public sector finance; mortgage warehouse financing; sponsor and specialty financing services; credit, deposit, and cash flow management services; and wealth management solutions to business owners and operators, including trust, asset management, financial planning, insurance, retirement, and investment products, as well as treasury management services comprising derivative, treasury, accounts payable, accounts receivable, and trade products and services. This segment also provides commercial services, such as accounts receivable factoring and trade financing, payroll funding, and business process outsourcing. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter benefit services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, benefit consultants, and financial advisors. The Consumer Banking segment provides consumer deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers; and small business banking products, such as credit, deposit, and cash flow management products to businesses and professional service firms. The company offers online and mobile banking services. Webster Financial Corporation was founded in 1935 and is headquartered in Stamford, Connecticut.
About
CEO
Mr. John R. Ciulla
Employees
4,131
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNYS
Address
200 Elm Street, Stamford, CT 06902, United States
×
![Enlarged Chart]()
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 15, 2026 | — | — | — | — |
| Oct 15, 2025 | — | — | — | — |
| Jul 21, 2025 | — | — | — | — |
| Apr 21, 2025 | — | — | — | — |
| Jan 17, 2025 | 1.35 | 1.43 | 0.08 | 5.93% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 15 | 15 | 14 | 14 |
| Average estimate | 1.38 | 1.45 | 5.92 | 6.70 |
| Low estimate | 1.29 | 1.35 | 5.72 | 6.29 |
| High estimate | 1.45 | 1.53 | 6.28 | 7.43 |
| Last year EPS | 1.35 | 1.26 | 5.38 | 5.92 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
2.260%
Next qtr. (Jun 2025)
14.870%
Current year (Dec 2025)
10.010%
Next year (Dec 2026)
13.170%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 2.65B | 2.47B | 1.22B | 1.18B | 1.24B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 785.46M | 687.22M | 433.85M | 460.83M | 429.64M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 1.08B | 797.98M | 533.86M | 279.97M | 486.69M |
| Tax provision | 216.66M | 153.69M | 125.00M | 59.35M | 103.97M |
| Net income | 867.84M | 644.28M | 408.86M | 220.62M | 382.72M |
| Basic EPS | 4.91 | 3.72 | 4.43 | 2.35 | 4.07 |
| Diluted EPS | 4.91 | 3.72 | 4.42 | 2.35 | 4.06 |
| Basic average shares | 171.78M | 168.92M | 90.00M | 89.99M | 91.64M |
| Diluted average shares | 171.78M | 168.92M | 90.00M | 89.99M | 91.64M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 867.84M | 644.28M | 408.86M | 220.62M | 382.72M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | 7.92M | 5.67M | 2.30M | 1.27M | 1.86M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 429.32M | 264.12M | 137.39M | 193.50M | 185.34M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 1.72B | 839.94M | 461.57M | 263.10M | 257.90M |
| Other short term investments | 36.96M | 7.89B | 4.23B | 3.33B | 2.93B |
| Accounts receivable | 1.89B | 1.62B | 531.47M | 626.55M | 455.38M |
| Other receivables | 1.31B | 1.61B | 620.92M | 593.20M | 532.67M |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 183.44M | 191.07M | 119.93M | 127.48M | 155.35M |
| Land and improvements | 73.92M | 73.92M | 9.44M | 9.44M | 11.00M |
| Machinery furniture equipment | 162.71M | 199.70M | 170.41M | 344.51M | 337.39M |
| Construction in progress | — | — | — | — | — |
| Leases | 88.07M | 84.48M | 65.61M | 71.33M | 77.35M |
| Accumulated depreciation | -186.37M | -225.15M | -228.32M | -396.21M | -388.56M |
| Goodwill | 5.47B | 5.23B | 1.09B | 1.10B | 1.10B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 203.14M | 199.34M | 17.87M | 22.38M | 21.92M |
| Investments and advances | 16.03B | 14.46B | 10.43B | 8.89B | 8.22B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | 1.48B | 381.42M | 166.17M | 153.16M |
| Short term debt | — | — | 22.77M | 24.41M | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 3.41B | 6.53B | 573.93M | 859.11M | 2.66B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 1.83M | 1.83M | 937,000 | 937,000 | 937,000 |
| Retained earnings | 3.28B | 2.71B | 2.33B | 2.08B | 2.06B |
| Other shareholders equity | -550.57M | -684.96M | -22.58M | 42.26M | -36.07M |
| Total shareholders equity | 8.69B | 8.06B | 3.44B | 3.23B | 3.21B |
| Additional paid in capital | 6.18B | 6.17B | 1.11B | 1.11B | 1.11B |
| Treasury stock | 507.52M | 431.76M | 126.95M | 140.66M | 76.73M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 867.84M | 644.28M | 408.86M | 220.62M | 382.72M | 360.42M | 255.44M | 207.13M | 204.73M | 199.73M | 179.46M | 173.70M | 149.38M | 72.16M | -75.91M | -317.89M | 96.77M | 133.79M | 185.19M | 153.83M | 163.25M | 152.73M | 133.19M | 118.29M | 95.35M | 78.02M | 47.61M | 54.00M | 29.30M | 16.50M | 12.70M | 5.70M | 3.40M | -2.70M | 2.90M |
| Depreciation | 77.55M | 82.67M | 41.51M | 43.18M | 44.83M | 38.75M | 37.17M | 36.45M | 34.68M | 30.59M | 36.02M | 39.50M | 83.15M | 92.64M | 65.88M | 56.95M | 61.80M | 54.13M | 51.98M | 52.77M | 53.52M | 44.41M | 51.71M | 48.15M | 38.06M | 37.51M | 24.36M | 24.00M | 13.50M | 10.60M | 6.20M | 1.20M | 1.00M | 1.20M | 1.00M |
| Deferred Taxes | -53.63M | -69.66M | -5.00M | -31.24M | 927,000 | 9.47M | -9.07M | 17.70M | -15.51M | -5.15M | 11.50M | 20.99M | 28.98M | 12.37M | 14.62M | -89.91M | -13.48M | 5.40M | 25.48M | 18.97M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 54.09M | 54.10M | 13.66M | 12.18M | 12.63M | 11.61M | 12.28M | 11.44M | 10.94M | 10.22M | 10.66M | 8.96M | 6.04M | 6.74M | 7.50M | 7.78M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 44.04M | 23.70M | 138.50M | 99.29M | 19.22M | 59.44M | 80.12M | 27.76M | 49.99M | 33.30M | 145.83M | 57.81M | 24.71M | 3.17M | 39.60M | 224.24M | 103.89M | 69.07M | 21.26M | 17.22M | 362.41M | -221.04M | -89.17M | -4.47M | 9.02M | 59.06M | 37.92M | -8.90M | 47.20M | -89.10M | -8.90M | 86.70M | -2.00M | 8.20M | 2.10M |
| Accounts Receivable | -13.77M | -106.74M | -69.26M | 11.12M | -35.77M | -739,000 | -19.79M | 54.27M | -44.55M | -2.55M | 84.08M | -8.66M | -26.82M | 71.45M | -174.42M | 17.73M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -99.52M | 415.26M | 219.92M | -113.15M | -159.14M | -47.30M | 47.82M | -5.75M | 13.97M | -55.74M | -28.58M | -31.84M | -14.77M | -20.03M | -10.55M | -7.93M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | 876.59M | 1.04B | 748.19M | 242.00M | 265.41M | 431.66M | 403.96M | 348.99M | 254.24M | 210.39M | 438.96M | 260.45M | 250.66M | 238.51M | -133.29M | -109.05M | 248.99M | 262.40M | 283.91M | 242.79M | 579.18M | -23.89M | 95.74M | 161.97M | 142.42M | 174.59M | 109.89M | 69.10M | 90.00M | -62.00M | 10.00M | 93.60M | 2.40M | 6.70M | 6.00M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | -33.41M | -28.46M | -13.37M | -20.41M | -25.72M | -32.39M | -25.19M | -39.18M | -35.47M | -26.47M | -20.58M | -20.60M | -24.99M | -18.00M | 554,000 | -17.42M | -34.54M | -26.68M | -53.54M | -49.07M | -22.56M | -18.56M | -6.75M | -6.89M | -16.34M | -22.05M | -12.11M | -14.00M | -9.60M | -14.40M | -3.30M | -15.80M | -2.90M | -1.20M | -1.00M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -157.65M | 459.55M | — | — | — | — | — | — | 1.40B | — | — | — | — | — | 88.24M | — | — | 11.18M | 17.04M | -108.91M | -57.59M | -430.77M | -17.26M | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -3.29B | -2.27B | -3.94B | -2.30B | -2.13B | -1.27B | -1.70B | -2.05B | -1.66B | -1.33B | -1.94B | -2.15B | -1.80B | -2.32B | -2.03B | -1.09B | -823.39M | -1.49B | -905.97M | -2.33B | -4.04B | -2.91B | -2.39B | -1.29B | -1.15B | -2.65B | -2.26B | -1.11B | -616.20M | -175.60M | -377.50M | -105.10M | -182.10M | -13.10M | -26.20M |
| Sale of Investments | 1.77B | 1.68B | 2.22B | 1.62B | 1.20B | 1.06B | 1.67B | 1.73B | 1.36B | 1.09B | 1.52B | 1.80B | 1.40B | 1.62B | 1.23B | 259.87M | 696.70M | 3.63B | 987.65M | 3.77B | 3.89B | 2.89B | 1.83B | 1.26B | 1.62B | 2.77B | 810.47M | 983.50M | 332.50M | 240.20M | 170.60M | 99.30M | 54.60M | 5.10M | 27.80M |
| Investing Cash Flow | -1.57B | -364.49M | -1.71B | -615.86M | -928.19M | -222.24M | 3.48M | -355.48M | 1.03B | -291.47M | -439.84M | -472.51M | -390.42M | -681.71M | -712.18M | -870.92M | -309.62M | 1.59B | -553.02M | 421.98M | -1.42B | -1.13B | -309.42M | 105.79M | 138.98M | 20.09M | -1.74B | 122.60M | -225.50M | -34.70M | -102.30M | 18.60M | -182.10M | -5.30M | -3.20M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | 5.45B | 180.47M | 3.85B | 9.50B | 8.96B | 12.26B | 19.63B | 13.51B | 10.52B | 4.93B | 6.92B | 1.68B | 1.83B | 9.55B | 113.43B | 22.61B | 78.90B | 42.20B | 76.54B | 51.04B | — | 91.22M | 24.20B | 48.37B | 18.86B | 5.32B | 2.29B | 188.10M | 1.24B | 667.80M | 163.30M | 16.00M | 77.40M | 37.20M |
| Long-Term Debt Payments | -3.12B | — | -122.17M | -5.67B | -9.08B | -8.81B | -13.42B | -19.45B | -13.70B | -9.72B | -4.81B | -6.56B | -1.22B | -1.60B | -10.36B | -113.14B | -22.62B | -80.10B | -42.61B | -77.08B | -50.48B | — | — | -24.62B | -48.07B | -19.13B | -4.45B | -2.09B | -61.20M | -1.14B | -549.20M | -45.40M | -36.30M | -89.00M | -58.80M |
| Other Financing Charges | — | 2.55M | — | — | -3.64M | — | — | 8.20M | 2.34M | -188,000 | 389,000 | 812,000 | 392,000 | 36.53M | 116.19M | 1,000 | -877,000 | -2.26M | -2.31M | 124.80M | — | -28.75M | -9.79M | -8.80M | 6.89M | 6.63M | 183.16M | 2.20M | 32.40M | -8.80M | -2.50M | 200,000 | 300,000 | — | -1.00M |
| Financing Cash Flow | -3.52B | 4.87B | -94.38M | -2.04B | 256.37M | 14.71M | -1.26B | 78.16M | -295.18M | 718.55M | 63.62M | 405.71M | 435.30M | -43.41M | -782.92M | 1.45B | 270.78M | -1.89B | -363.91M | -1.16B | 251.80M | 858.10M | 290.76M | -123.11M | 194.25M | -27.00M | 1.79B | 112.00M | 135.50M | 87.20M | 111.70M | 115.90M | -21.70M | -31.70M | -45.80M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 1.72B | 839.94M | 461.57M | 263.10M | 257.90M | 329.50M | 256.79M | 190.66M | 199.69M | 213.91M | 223.62M | 252.28M | 195.96M | 159.85M | 171.18M | 259.21M | 306.65M | 311.89M | 293.71M | 248.83M | 209.23M | 266.46M | 218.91M | 265.04M | 245.78M | 213.14M | 195.66M | — | — | — | — | — | — | — | — |
| Income Tax Paid | 268.60M | 193.54M | 112.59M | 94.07M | 110.06M | 60.93M | 109.06M | 80.14M | 106.99M | 102.97M | 62.93M | 56.49M | 32.91M | 20.58M | 5.96M | 24.17M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 1.25B | 240.85M | 42.15M | 118.12M | 197.20M | 144.73M | 114.05M | 102.44M | 95.43M | 89.94M | 88.39M | 116.41M | 142.98M | 173.18M | 258.76M | 365.56M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 938.35M | 1.31B | 672.00M | 359.27M | 278.13M | 436.45M | 416.42M | 357.41M | 266.68M | 212.96M | 442.07M | 235.10M | 239.26M | 318.37M | 82.66M | 452.32M | 272.15M | 130.00M | 4.60M | 309.73M | 475.36M | -102.41M | 5.47M | 206.26M | 151.02M | 129.62M | 65.16M | 30.50M | 64.10M | -70.80M | 37.00M | 58.20M | 7.10M | 1.40M | 9.90M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 5,512,108 | 332.05M | 3.22% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 5,454,658 | 328.59M | 3.18% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 4,291,746 | 258.53M | 2.50% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 2,904,916 | 174.99M | 1.69% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 2,557,246 | 154.05M | 1.49% |
| Capital Income Builder, Inc. | Oct 31, 2024 | 2,520,603 | 151.84M | 1.47% |
| American Century Small Cap Value Fund | Sep 30, 2024 | 2,375,000 | 143.07M | 1.39% |
| Invesco Small Cap Value Fd | Oct 31, 2024 | 2,286,400 | 137.73M | 1.33% |
| Price (T.Rowe) Mid-Cap Value Fund | Sep 30, 2024 | 2,223,904 | 133.97M | 1.30% |
| SPDR (R) Ser Tr-S&P Regional Banking ETF | Nov 30, 2024 | 2,160,546 | 130.15M | 1.26% |
Article
Webster Financial Corporation Declares Common and Preferred Dividends
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation Declares Common and Preferred Dividends.
Jan 29, 2025
Article
Webster Financial Q4 Earnings Beat on Higher NII & Lower Expenses
WBS' Q4 earnings benefit from an increase in NII, loans and deposit balance, along with a fall in expenses. However, a rise in provisions is a headwind.
Jan 20, 2025
Article
Webster Financial Corporation (WBS) Q4 2024 Earnings Call Transcript
Webster Financial Corporation (NYSE:WBS ) Q4 2024 Results Conference Call January 17, 2025 9:00 AM ET Company Participants Emlen Harmon - Director, IR John Ciulla - CEO Neal Holland - CFO Luis Massiani - President and Chief Operating Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Jared Shaw - Barclays Matthew Breese - Stephens Timur Braziler - Wells Fargo Chris McGratty - KBW Laurie Hunsicker - Seaport Anthony Elian - JPMorgan Nick Holowko - UBS Bernard Von Gizycki - Deutsche Bank Ben Gerlinger - Citigroup Daniel Tamayo - Raymond James Jon Arfstrom - RBC Capital Markets Operator Good morning. Welcome to the Webster Financial Corp. Fourth Quarter 2024 Earnings Conference Call.
Jan 17, 2025
