Webster Financial Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Webster Financial has an operating margin of 47.8%, meaning the company retains $48 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 46.6% the prior year.
Webster Financial's revenue declined 2.3% year-over-year, from $2.7B to $2.6B. This contraction results in a growth score of 22/100.
Webster Financial carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Webster Financial converts 52.8% of revenue into free cash flow ($1.4B). This strong cash generation earns a score of 100/100.
Webster Financial's ROE of 8.4% shows moderate profitability relative to equity, earning a score of 34/100. This is down from 10.0% the prior year.
Webster Financial passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Webster Financial generates $1.83 in operating cash flow ($1.4B OCF vs $768.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Webster Financial earns $0.8 in operating income for every $1 of interest expense ($1.2B vs $1.6B). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Webster Financial (WBS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Webster Financial generated $2.6B in revenue in fiscal year 2024. This represents a decrease of 2.3% from the prior year.
Webster Financial's EBITDA was $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 0.1% from the prior year.
Webster Financial generated $1.4B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 45.8% from the prior year.
Webster Financial reported $768.7M in net income in fiscal year 2024. This represents a decrease of 11.4% from the prior year.
Webster Financial earned $4.37 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 11.0% from the prior year.
Webster Financial held $2.1B in cash against $909.2M in long-term debt as of fiscal year 2024.
Webster Financial paid $1.60 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Webster Financial had 171M shares outstanding in fiscal year 2024. This represents a decrease of 0.4% from the prior year.
Webster Financial's operating margin was 47.8% in fiscal year 2024, reflecting core business profitability. This is up 1.2 percentage points from the prior year.
Webster Financial's net profit margin was 29.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.0 percentage points from the prior year.
Webster Financial's ROE was 8.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.
Webster Financial spent $65.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 39.4% from the prior year.
Webster Financial invested $35.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 11.1% from the prior year.
WBS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $732.6M+2.3% | $715.8M+1.6% | $704.8M+6.6% | $661.0M+7.5% | $614.6M-7.9% | $667.1M-73.0% | $2.5B+4133.5% | $58.4M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $375.9M+1.6% | $370.1M+2.5% | $361.2M+12.7% | $320.6M+11.1% | $288.6M-12.9% | $331.2M+28.6% | $257.6M-18.2% | $314.9M |
| Interest Expense | $396.6M+4.5% | $379.4M+5.0% | $361.3M-6.6% | $386.6M-4.3% | $404.0M+5.2% | $384.1M+6.1% | $362.1M+5.4% | $343.7M |
| Income Tax | $70.7M+9.1% | $64.8M+14.2% | $56.7M-28.5% | $79.3M+65.5% | $47.9M-30.9% | $69.3M+91.4% | $36.2M-30.3% | $52.0M |
| Net Income | $261.2M+0.9% | $258.8M+14.1% | $226.9M+27.6% | $177.8M-2.1% | $181.6M-16.0% | $216.3M+16.7% | $185.4M-18.1% | $226.5M |
| EPS (Diluted) | $1.54+1.3% | $1.52+16.9% | $1.30+28.7% | $1.01-1.9% | $1.03-16.3% | $1.23+15.0% | $1.07-16.4% | $1.28 |
WBS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $83.2B+1.6% | $81.9B+2.0% | $80.3B+1.6% | $79.0B+2.8% | $76.8B+0.9% | $76.2B+1.6% | $74.9B+2.5% | $73.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $3.1B+2.3% | $3.0B+19.2% | $2.5B+21.1% | $2.1B+35.1% | $1.5B-0.6% | $1.5B-9.9% | $1.7B-21.0% | $2.2B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $2.9B0.0% | $2.9B0.0% | $2.9B0.0% | $2.9B0.0% | $2.9B0.0% | $2.9B+9.0% | $2.6B0.0% | $2.6B |
| Total Liabilities | $73.7B+1.6% | $72.6B+2.1% | $71.1B+1.7% | $69.9B+2.7% | $68.0B+0.9% | $67.4B+1.7% | $66.3B+2.0% | $64.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $1.2B+38.0% | $905.6M-0.2% | $907.4M-0.2% | $909.2M-0.4% | $912.7M-0.2% | $914.5M-12.8% | $1.0B-0.2% | $1.1B |
| Total Equity | $9.5B+1.3% | $9.3B+1.5% | $9.2B+0.8% | $9.1B+3.7% | $8.8B+0.7% | $8.7B+0.7% | $8.7B+6.0% | $8.2B |
| Retained Earnings | $4.3B+4.6% | $4.1B+4.8% | $3.9B+4.1% | $3.8B+6.4% | $3.5B+3.2% | $3.4B+4.4% | $3.3B+3.5% | $3.2B |
WBS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $374.7M+38.3% | $270.9M+185.5% | $94.9M-89.4% | $891.3M+297.9% | $224.0M-8.1% | $243.7M+177.5% | $87.8M-79.4% | $427.2M |
| Capital Expenditures | $12.2M-7.6% | $13.2M+59.1% | $8.3M-32.6% | $12.3M+46.4% | $8.4M+66.6% | $5.1M-20.0% | $6.3M-55.8% | $14.3M |
| Free Cash Flow | $362.5M+40.7% | $257.7M+197.6% | $86.6M-90.2% | $879.0M+307.8% | $215.6M-9.7% | $238.6M+192.8% | $81.5M-80.3% | $412.9M |
| Investing Cash Flow | -$1.3B-15.9% | -$1.1B-47.4% | -$738.4M+35.0% | -$1.1B-69.9% | -$669.0M+50.4% | -$1.3B+24.1% | -$1.8B-217.5% | $1.5B |
| Financing Cash Flow | $955.3M-26.5% | $1.3B+20.1% | $1.1B+223.1% | -$878.1M-301.7% | $435.4M-53.3% | $933.3M-24.2% | $1.2B+209.3% | -$1.1B |
| Dividends Paid | $66.5M-1.2% | $67.3M-1.8% | $68.5M+1.0% | $67.8M-1.8% | $69.1M+0.7% | $68.6M-0.3% | $68.8M-0.7% | $69.3M |
| Share Buybacks | $129.8M+65.1% | $78.6M-56.6% | $181.0M+18098600.0% | $1K-100.0% | $45.0M+120.6% | $20.4M+2040200.0% | $1K-100.0% | $50.0M |
WBS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 51.3%-0.4pp | 51.7%+0.5pp | 51.2%+2.7pp | 48.5%+1.6pp | 46.9%-2.7pp | 49.6%+39.2pp | 10.4%-528.9pp | 539.4% |
| Net Margin | 35.7%-0.5pp | 36.2%+4.0pp | 32.2%+5.3pp | 26.9%-2.7pp | 29.5%-2.9pp | 32.4%+24.9pp | 7.5%-380.3pp | 387.8% |
| Return on Equity | 2.8%0.0pp | 2.8%+0.3pp | 2.5%+0.5pp | 1.9%-0.1pp | 2.1%-0.4pp | 2.5%+0.3pp | 2.1%-0.6pp | 2.8% |
| Return on Assets | 0.3%-0.0pp | 0.3%+0.0pp | 0.3%+0.1pp | 0.2%-0.0pp | 0.2%-0.0pp | 0.3%+0.0pp | 0.3%-0.1pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.13+0.0 | 0.100.0 | 0.100.0 | 0.100.0 | 0.100.0 | 0.10-0.0 | 0.120.0 | 0.13 |
| FCF Margin | 49.5%+13.5pp | 36.0%+23.7pp | 12.3%-120.7pp | 133.0%+97.9pp | 35.1%-0.7pp | 35.8%+32.5pp | 3.3%-703.7pp | 707.0% |
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Frequently Asked Questions
What is Webster Financial's annual revenue?
Webster Financial (WBS) reported $2.6B in total revenue for fiscal year 2024. This represents a -2.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Webster Financial's revenue growing?
Webster Financial (WBS) revenue declined by 2.3% year-over-year, from $2.7B to $2.6B in fiscal year 2024.
Is Webster Financial profitable?
Yes, Webster Financial (WBS) reported a net income of $768.7M in fiscal year 2024, with a net profit margin of 29.7%.
What is Webster Financial's earnings per share (EPS)?
Webster Financial (WBS) reported diluted earnings per share of $4.37 for fiscal year 2024. This represents a -11.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Webster Financial's EBITDA?
Webster Financial (WBS) had EBITDA of $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Webster Financial have?
As of fiscal year 2024, Webster Financial (WBS) had $2.1B in cash and equivalents against $909.2M in long-term debt.
What is Webster Financial's operating margin?
Webster Financial (WBS) had an operating margin of 47.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Webster Financial's net profit margin?
Webster Financial (WBS) had a net profit margin of 29.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Webster Financial pay dividends?
Yes, Webster Financial (WBS) paid $1.60 per share in dividends during fiscal year 2024.
What is Webster Financial's return on equity (ROE)?
Webster Financial (WBS) has a return on equity of 8.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Webster Financial's free cash flow?
Webster Financial (WBS) generated $1.4B in free cash flow during fiscal year 2024. This represents a 45.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Webster Financial's operating cash flow?
Webster Financial (WBS) generated $1.4B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Webster Financial's total assets?
Webster Financial (WBS) had $79.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Webster Financial's capital expenditures?
Webster Financial (WBS) invested $35.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Webster Financial buy back shares?
Yes, Webster Financial (WBS) spent $65.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Webster Financial have outstanding?
Webster Financial (WBS) had 171M shares outstanding as of fiscal year 2024.
What is Webster Financial's debt-to-equity ratio?
Webster Financial (WBS) had a debt-to-equity ratio of 0.10 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Webster Financial's return on assets (ROA)?
Webster Financial (WBS) had a return on assets of 1.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Webster Financial's Piotroski F-Score?
Webster Financial (WBS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Webster Financial's earnings high quality?
Webster Financial (WBS) has an earnings quality ratio of 1.83x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Webster Financial cover its interest payments?
Webster Financial (WBS) has an interest coverage ratio of 0.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Webster Financial?
Webster Financial (WBS) scores 71 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.