Webster Financial

Webster Financial Corp. is a holding company, which engages in the provision of financial services to individuals, families, and businesses. It operates through the following business segments: Commercial Banking, HSA Bank, and Retail Banking. The Commercial Banking segment includes commercial banking and private banking. The HSA Bank segment offers comprehensive consumer directed healthcare solutions. The Retail Banking segment consists of consumer lending and small business banking units. The company was founded in 1986 and is headquartered in Stamford, CT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Webster Financial (WBS) reports record EPS and eyes growth opportunities

Webster Financial delivered strong financial performance with record EPS and robust return on equity.
The company's strategic actions and focus on credit quality positioned it well for future growth.
While facing challenges in loan growth and expenses, Webster remains committed to optimizing its balance sheet.
Opportunities lie in revenue synergies from interLINK, deposit growth, and expanding commercial activities.

Webster Financial (WBS) reports strong Q1 performance and capital optimization

Webster Financial showcased resilience and growth in Q1 2023, focusing on deposit strength and credit quality.
Challenges include managing cash levels and adjusting loan growth guidance amidst market conditions.
Opportunities lie in commercial real estate growth, capital optimization, and leveraging interLINK for deposit stability.

Webster Financial (WBS) reports Q2 earnings, eyes NIM improvement

Webster Financial's Q2 performance showed resilience with deposit growth, controlled expenses, and strategic portfolio adjustments. While facing NIM challenges and deposit competition, the company remains well-capitalized and focused on growth opportunities. Anticipated improvements in NIM, loan yields, and cost savings post-merger highlight a positive outlook for Webster Financial.

Webster Financial reports robust Q3 performance and eyes strategic growth

Webster Financial's Q3 performance reflects strong financial health and strategic focus on growth and efficiency.
The company's emphasis on stability, liquidity, and credit quality positions it well for future opportunities.
Challenges include managing loan portfolio dynamics and optimizing capital allocation for sustained growth.
Opportunities lie in potential acquisitions, cross-selling initiatives, and strategic expansion into new markets.

Webster Financial excels in Q4 with record earnings and growth opportunities

Webster Financial's Q4 2023 performance was strong, marked by record earnings and strategic acquisitions. The company demonstrated resilience in credit quality and proactive risk management. Opportunities for growth and optimization exist through core lending, fee income expansion, and strategic acquisitions.

Webster Financial reports strong Q1 performance amidst strategic initiatives

Webster Financial's Q1 performance reflects stability, growth, and a strategic focus on innovation and customer empowerment.
Challenges in managing deposit costs, credit metrics, and nonperforming loans require vigilant risk management and strategic adjustments.
Opportunities in targeted growth, expense optimization, and capital return strategies position the company for sustainable long-term success.
Maintaining strong capital levels, managing credit prudently, and deepening client relationships are key focus areas for future growth.

Webster Financial (WBS) reports robust Q3 earnings and growth prospects

Webster Financial's Q3 performance reflects operational strength, profitability, and strategic focus on growth and efficiency.
While facing challenges in sustaining growth and managing risks, the company is well-positioned to leverage opportunities for expansion and value creation.
Investors can be optimistic about Webster Financial's solid financial foundation, prudent management, and potential for future growth and shareholder returns.

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Webster Financial (WBS) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.46 per share a year ago.

Webster Financial (WBS) Q3 Earnings Surpass Estimates

Although the revenue and EPS for Webster Financial (WBS) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Webster Financial (WBS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation ("Webster") (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced net income available to common stockholders of $222.3 million, or $1.28 per diluted share, for the quarter ended September 30, 2023, compared to $229.8 million, or $1.31 per diluted share, for the quarter ended September 30, 2022. Third quarter 2023 results include $61.6 million pre-tax ($45.1 million after tax), or $0.271.

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

Webster Financial (WBS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Webster Financial (WBS) Earnings Expected to Grow: Should You Buy?

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced the following details for its third quarter 2023 earnings release and conference call: Earnings Release: Thursday, October 19, 2023, at approximately 7:30 a.m. (Eastern)   Conference Call: Thursday, October 19, 2023, at 9:00 a.m. (Eastern)   Dial-in number: Toll Free: 888-330-2446; or International Callers: 1-240-789-2732 Passcode: 86.

Webster Financial Corporation Announces Q3 2023 Earnings Release and Conference Call

Webster Financial Corporation has seen significant increases in Q2'23 revenues and net income. The company operates through five principle verticals, positioning itself to access capital and be resilient in the face of macro headwinds. Webster is undervalued compared to its peers and has strong financials, making it a strong buy.

While The Market Remains Overcautious, Webster Is In Excellent Financial Condition

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A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.

Regional banks facing credit losses for commercial real estate: Moody's study

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Moody's recently downgraded some regional banks, while others could face a similar fate. The credit ratings agency cited the effects of higher interest rates, a potential recession, and tighter financial conditions for the downgrades.

Moody's Just Put These Big Banks on Notice. Here's What You Need to Know

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Moody's Investors Service lowered the ratings for 10 banks, including US Bancorp, Bank of New York Mellon, State Street, and Truist Financial.

Moody's cuts credit ratings for banks amid commercial real estate pressures

Ratings agency Moody's said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks.

Moody's says US banks are still strong despite downgrades

Moody's lowered its credit ratings on a bunch of U.S. based small and mid-sized banks on Tuesday and placed some of their bigger peers on negative review as well. U.S.

Moody's lowers its credit ratings on U.S. banks

Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.

Moody's Downgrades Credit Ratings For 10 Banks, Puts Six Others On Notice

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The SPDR S&P Regional Banking ETF (KRE) fell by more than 3% and was on track for its worst day since May 4.

Regional bank shares under fire again after credit downgrade, head for worst day in three months

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US banking shares prices tumbled on Tuesday as credit ratings agency Moody's cut the credit ratings of a number of small and mid-sized lenders and placed several big Wall Street names on negative review.  The credit ratings agency downgraded the ratings of 10 banks by one rung, while major lenders Bank of New York Mellon, US Bancorp, State Street, Truist Financial, Cullen/Frost Bankers and Northern Trust are now under review for a potential downgrade.

US banks head south rattled by Moody's downgrades

Moody's downgraded several small and mid-sized banks and put six major Wall Street lenders on negative watch amid concerns over higher interest rates.

Moody's downgrades US banks, warns of possible cuts to major lenders

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Moody's Raises Profit Questions On U.S. Regional Banks

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Factbox: Major US banks downgraded by Moody's on worsening outlook

Moody's on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.

Moody's cuts ratings of 10 U.S. banks and puts some big names on downgrade watch

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that it has raised its prime lending rate to 8.50 percent from 8.25 percent, effective July 27, 2023. About Webster Webster Financial Corporation (NYSE: WBS) is the holding company for Webster Bank, National Association and its HSA Bank Division. Webster is a leading commercial bank in the Northeast that provides a wide range of digit.

Webster Raises Prime Lending Rate to 8.50 Percent

A rise in NII, decent loan demand, higher rates and a decline in expenses aid Webster Financial's (WBS) Q2 earnings. However, a decline in non-interest income ails.

Webster Financial (WBS) Up 2.8% on Q2 Earnings Beat, NII Rise

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The U.S. commercial property market has faced severe challenges since the pandemic due to lingering office vacancies, diminished retail activity and higher interest rates. That stress has caused banks and other lenders to tighten their standards for new loans and scrutinize existing ones.

Factbox: U.S. banks increase reserves for commercial real estate exposure

Call Start: 09:00 January 1, 0000 10:01 AM ET Webster Financial Corporation (NYSE:WBS ) Q2 2023 Earnings Conference Call July 20, 2023, 09:00 ET Company Participants Emlen Harmon - Director, IR John Ciulla - President, CEO & Director Glenn MacInnes - EVP & CFO Conference Call Participants Christopher McGratty - KBW Casey Haire - Jefferies Matthew Breese - Stephens Inc. Jared Shaw - Wells Fargo Securities Manan Gosalia - Morgan Stanley Steven Alexopoulos - JPMorgan Chase & Co. Daniel Tamayo - Raymond James & Associates Mark Fitzgibbon - Piper Sandler & Co. Brody Preston - UBS Bernard Von Gizycki - Deutsche Bank Operator Good morning, and welcome to the Webster Financial Corporation Second Quarter 2023 Earnings Call. Please note this event is being recorded.

Webster Financial Corporation (WBS) Q2 2023 Earnings Call Transcript

Webster Financial (WBS) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $1.29 per share a year ago.

Webster Financial (WBS) Surpasses Q2 Earnings Estimates

STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation ("Webster") (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced net income available to common stockholders of $230.8 million, or $1.32 per diluted share, for the quarter ended June 30, 2023, compared to $178.1 million, or $1.00 per diluted share, for the quarter ended June 30, 2022. Second quarter 2023 results include $40.8 million pre-tax ($29.9 million after tax), or $0.181 per dilu.

Webster Reports Second Quarter 2023 EPS of $1.32; Adjusted EPS of $1.50

Webster Financial has shown decent growth with a return on average tangible common equity of 20.98% and is predicted to see stronger earnings due to rising interest rates. The company has a diversified loan balance and a high level of liquidity, with a liquidity profile of over $16 billion, covering all uninsured deposits. Despite not increasing its dividend per share since 2019, WBS has maintained a consistent payout for 33 years, making it a reliable dividend addition; it is currently trading below historical measurements and is considered a buy under $40 per share.

Webster Financial: Solid Dividend With Potential For A Higher Payout Ratio

News for Webster Financial Stock (WBS)