Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services. This segment also offers asset management, financial planning and trust services, and deposit and loan products for high net worth clients, not-for-profit organizations, and business clients. The HSA Bank segment offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions to employers for the benefit of their employees and individuals. The Community Banking segment offers deposit and fee-based services, residential mortgages, home equity lines or loans, unsecured consumer loans, and credit cards to consumers, as well as investment and securities-related services, including brokerage and investment advice through a strategic partnership with LPL Financial Holdings Inc. This segment also provides credit, deposit, and cash flow management products to businesses and professional service firms. The company also offers online and mobile banking services. As of February 12, 2021, it operated 155 banking centers and 297 ATMs. Webster Financial Corporation was founded in 1935 and is headquartered in Waterbury, Connecticut.
IPO Year:
Exchange: NYSE
Website: public.websteronline.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/6/2025 | $70.00 → $75.00 | Equal Weight → Overweight | Wells Fargo |
| 12/17/2024 | Buy | UBS | |
| 8/5/2024 | $54.00 → $57.00 | Overweight → Equal-Weight | Morgan Stanley |
| 3/8/2024 | $70.00 | Overweight | Barclays |
| 1/24/2024 | $60.00 → $65.00 | Neutral → Overweight | JP Morgan |
| 1/11/2024 | $60.00 | Buy | BofA Securities |
| 12/1/2023 | $51.00 | Buy | Citigroup |
| 9/12/2023 | $56.00 | Buy | Seaport Research Partners |
| 5/25/2023 | $47.00 | Buy | Deutsche Bank |
| 3/15/2023 | $56.00 | Buy | UBS |
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Webster Financial Corporation ("the Company") (NYSE:WBS), the holding company for Webster Bank, N.A., announced today that its Board of Directors increased the Company's authority to repurchase shares of its common stock by $700,000,000 under its existing share repurchase program. The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, su
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable May 22, 2025, to shareholders of record as of May 12, 2025. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable June 16, 2025, to shareholders of record on June 1, 2025. On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositar
Webster Financial Corporation ("Webster") (NYSE:WBS), the holding company for Webster Bank, N.A., today announced net income applicable to common stockholders of $220.4 million, or $1.30 per diluted share, for the quarter ended March 31, 2025, compared to $210.1 million, or $1.23 per diluted share, for the quarter ended March 31, 2024. "Webster has again proven its capacity to consistently execute through a variety of operating environments," said John R. Ciulla, chairman and chief executive officer. "Growth in loans and deposits was generated by a breadth of businesses, as we continue to generate strong returns for our stockholders." Highlights for the first quarter of 2025: Revenue of
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., today announced the following details for its first quarter 2025 earnings release and conference call: Earnings Release: Thursday, April 24, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, April 24, 2025, at 9:00 a.m. (Eastern) Dial-in number: Toll Free: 888-330-2446; or International Callers:1-240-789-2732 Passcode: 8607257 Webcast: Via Webster's Investor Relations website at investors.websterbank.com Webcast replay: Will be available shortly after the call's completion, also at investors.websterbank.com
Daniel Bley to Retire After 14 Years with Company Company Initiates Search for Successor; Bley to Serve in the Role Until a New CRO is Appointed Webster Financial Corporation (NYSE:WBS) ("Webster" or "the Company"), the holding company for Webster Bank, N.A., today announced that after 14 years with the Company, Dan Bley intends to retire from his role as Executive Vice President and Chief Risk Officer (CRO). Mr. Bley will continue to serve as the Company's CRO until a successor is appointed and will then serve in an advisory role to ensure a smooth transition. "Dan has been instrumental in driving a strong risk culture at Webster and significantly advancing the risk management programs
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced today that Chairman and CEO John Ciulla is scheduled to speak to investors at the 2025 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 5, 2025 at 10 a.m., ET. Comments will be accessible via live webcast on the Events page of Websters' investor relations website at investors.websterbank.com. A replay will also be made available following the event. About Webster Financial Corporation: Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. Webster is a leading commercial bank in the Northeast that provides a wide range of digital
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable Feb. 20, 2025, to shareholders of record as of Feb. 10, 2025. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable March 17, 2025, to shareholders of record on March 2, 2025. On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each de
Webster Financial Corporation ("Webster") (NYSE:WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $173.6 million, or $1.01 per diluted share, for the quarter ended December 31, 2024, compared to $181.2 million, or $1.05 per diluted share, for the quarter ended December 31, 2023. Fourth quarter 2024 results include securities repositioning losses of $56.9 million, pre-tax, and a deferred tax asset valuation adjustment of $29.4 million. Excluding these items, adjusted earnings per diluted share would have been $1.431 for the quarter ended December 31, 2024, compared to $1.46 for the quarter ended December 31, 2023. "Our financ
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., today announced the following details for its fourth quarter 2024 earnings release and conference call: Earnings Release: Friday, January 17, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Friday, January 17, 2025, at 9:00 a.m. (Eastern) Dial-in number: Toll Free: 888-330-2446; or International Callers: 1-240-789-2732 Passcode: 8607257 Webcast: Via Webster's Investor Relations website at investors.websterbank.com Webcast replay: Will be available shortly after the call's completion, also at invest
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced today that it has lowered its prime lending rate to 7.50 percent from 7.75 percent, effective December 19, 2024. About Webster Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country's largest providers of employee benefits and administration of medical insurance claim settlements solutions. Headquart
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Neal Holland to assume CFO role following Glenn MacInnes' retirement Former OCC Deputy Comptroller Bill Haas joins Board of Directors Webster Financial Corporation (NYSE:WBS) ("Webster" or "the Company"), the holding company, for Webster Bank, N.A., (the "Bank") announced its Board of Directors approved both the appointment of William (Neal) Holland, as Executive Vice President, Finance of both the Company and the Bank, and the election of William (Bill) Haas, as a new non-management member of the Board of Directors of the Company and the Bank. In addition, the Board of Directors also appointed Holland as the Chief Financial Officer (CFO) for the Company and the Bank to be effective f
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that Kristy Berner has been appointed Executive Vice President, General Counsel and Corporate Secretary of Webster Financial Corporation and Webster Bank. She will lead all of Webster's corporate legal services. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230919111813/en/Kristy Berner, Executive Vice President, General Counsel and Corporate Secretary, Webster Bank and Webster Financial Corporation (Photo: Business Wire) Berner has more than twenty years' experience in the financial services industry,
Bea Ordonez to be Successor for Michael Levine Payoneer Global Inc. ("Payoneer" or the "Company") (NASDAQ:PAYO), the financial technology company empowering the world's small businesses to transact, do business and grow globally, today announced the appointment of Bea Ordonez as the Company's Deputy Chief Financial Officer, effective January 16, 2023. Michael Levine, Payoneer's current CFO, will step down from his position in March 2023 at which time it is our expectation that the Board of Directors of the Company will appoint Ordonez as CFO, and she would report to Co-CEO John Caplan. "On behalf of John and everyone at Payoneer, I would like to express my sincere gratitude to Michael for
Appoints Industry Veterans Thomas X. Geisel as CEO and Michael W. Harrington as CFO Republic First Bancorp, Inc. (NASDAQ:FRBK) ("Republic First" or the "Company"), the holding company for Republic First Bank d/b/a Republic Bank, today announced several leadership changes. Thomas ("Tom") X. Geisel has been appointed Chief Executive Officer and President, and as a member of the Board of Directors (the "Board"), effective immediately. Mr. Geisel has a diverse financial services background, including leadership experience growing regional banks for more than twenty years – most recently as President, Corporate Banking, at Webster Bank (formally known as Sterling National Bank). Additionally,
STAMFORD, Conn., June 10, 2022 /PRNewswire/ -- Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that Vikram Nafde has been appointed to Executive Vice President, Chief Information Officer in charge of Information Technology. As a member of Webster Bank's Executive Management Committee (EMC), Vikram is responsible for the strategy and execution of all Webster technology, including cybersecurity, data strategy and tech innovation. "Vikram is a dynamic leader with extensive experience in large-scale di
STAMFORD, Conn. and PEARL RIVER, N.Y., Feb. 1, 2022 /PRNewswire/ -- Webster Financial Corporation (NYSE:WBS) ("Webster") and Sterling Bancorp ("Sterling") jointly announced today the completion of their previously announced merger, creating one of the largest commercial banks in the Northeast. The combined company is a unique financial institution, with a differentiated funding base that includes HSA Bank, as well as consumer and commercial banking businesses. Webster has a broad range of regional and national asset generation capabilities, particularly through its growing commercial banking business with deep industry expertise and an expanded geographic footprint."Today marks a transformat
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable May 22, 2025, to shareholders of record as of May 12, 2025. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable June 16, 2025, to shareholders of record on June 1, 2025. On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositar
Webster Financial Corporation ("Webster") (NYSE:WBS), the holding company for Webster Bank, N.A., today announced net income applicable to common stockholders of $220.4 million, or $1.30 per diluted share, for the quarter ended March 31, 2025, compared to $210.1 million, or $1.23 per diluted share, for the quarter ended March 31, 2024. "Webster has again proven its capacity to consistently execute through a variety of operating environments," said John R. Ciulla, chairman and chief executive officer. "Growth in loans and deposits was generated by a breadth of businesses, as we continue to generate strong returns for our stockholders." Highlights for the first quarter of 2025: Revenue of
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., today announced the following details for its first quarter 2025 earnings release and conference call: Earnings Release: Thursday, April 24, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, April 24, 2025, at 9:00 a.m. (Eastern) Dial-in number: Toll Free: 888-330-2446; or International Callers:1-240-789-2732 Passcode: 8607257 Webcast: Via Webster's Investor Relations website at investors.websterbank.com Webcast replay: Will be available shortly after the call's completion, also at investors.websterbank.com
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable Feb. 20, 2025, to shareholders of record as of Feb. 10, 2025. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable March 17, 2025, to shareholders of record on March 2, 2025. On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each de
Webster Financial Corporation ("Webster") (NYSE:WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $173.6 million, or $1.01 per diluted share, for the quarter ended December 31, 2024, compared to $181.2 million, or $1.05 per diluted share, for the quarter ended December 31, 2023. Fourth quarter 2024 results include securities repositioning losses of $56.9 million, pre-tax, and a deferred tax asset valuation adjustment of $29.4 million. Excluding these items, adjusted earnings per diluted share would have been $1.431 for the quarter ended December 31, 2024, compared to $1.46 for the quarter ended December 31, 2023. "Our financ
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., today announced the following details for its fourth quarter 2024 earnings release and conference call: Earnings Release: Friday, January 17, 2025, at approximately 7:30 a.m. (Eastern) Conference Call: Friday, January 17, 2025, at 9:00 a.m. (Eastern) Dial-in number: Toll Free: 888-330-2446; or International Callers: 1-240-789-2732 Passcode: 8607257 Webcast: Via Webster's Investor Relations website at investors.websterbank.com Webcast replay: Will be available shortly after the call's completion, also at invest
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable Nov. 12, 2024, to shareholders of record as of Nov. 1, 2024. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable Dec. 16, 2024, to shareholders of record on Dec. 1, 2024. On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each deposita
Webster Financial Corporation ("Webster") (NYSE:WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $188.8 million, or $1.10 per diluted share, for the quarter ended September 30, 2024, compared to $222.3 million, or $1.28 per diluted share, for the quarter ended September 30, 2023. Third quarter 2024 results include $56.2 million pre-tax ($41.0 million after tax), or $0.241 per diluted share, of securities repositioning net losses, strategic restructuring costs, and other adjustments. Excluding these items, adjusted earnings per diluted share would have been $1.341 for the quarter ended September 30, 2024. "Webster delivered so
Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., today announced the following details for its third quarter 2024 earnings release and conference call: Earnings Release: Thursday, October 17, 2024, at approximately 7:30 a.m. (Eastern) Conference Call: Thursday, October 17, 2024, at 9:00 a.m. (Eastern) Dial-in number: Toll Free: 888-330-2446; or International Callers: +1-240-789-2732 Passcode: 8607257 Webcast: Via Webster's Investor Relations website at investors.websterbank.com Webcast replay: Will be available shortly after the call's completion, also at investors.websterbank.co
Webster Financial Corporation ("Webster") (NYSE:WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $177.5 million, or $1.03 per diluted share, for the quarter ended June 30, 2024, compared to $230.8 million, or $1.32 per diluted share, for the quarter ended June 30, 2023. Second quarter 2024 results include $49.9 million pre-tax ($38.7 million after tax), or $0.231 per diluted share, of net securities repositioning losses. Excluding this item, adjusted earnings per diluted share would have been $1.261 for the quarter ended June 30, 2024. "Webster continues to generate steady balance sheet growth in a challenging environment,"
Wells Fargo upgraded Webster Financial from Equal Weight to Overweight and set a new price target of $75.00 from $70.00 previously
UBS resumed coverage of Webster Financial with a rating of Buy
Morgan Stanley downgraded Webster Financial from Overweight to Equal-Weight and set a new price target of $57.00 from $54.00 previously
Barclays initiated coverage of Webster Financial with a rating of Overweight and set a new price target of $70.00
JP Morgan upgraded Webster Financial from Neutral to Overweight and set a new price target of $65.00 from $60.00 previously
BofA Securities initiated coverage of Webster Financial with a rating of Buy and set a new price target of $60.00
Citigroup initiated coverage of Webster Financial with a rating of Buy and set a new price target of $51.00
Seaport Research Partners initiated coverage of Webster Financial with a rating of Buy and set a new price target of $56.00
Deutsche Bank initiated coverage of Webster Financial with a rating of Buy and set a new price target of $47.00
UBS initiated coverage of Webster Financial with a rating of Buy and set a new price target of $56.00