Webster Financial Financials
Webster Financial (WBS) reported $2.9B in revenue for fiscal year 2025, up 11.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Webster's balance-sheet growth is lifting earnings while term leverage falls, leaving a funding-driven model with minimal capex drag.
From FY2023 to FY2025, total assets rose from$74.9B to$84.1B . Over the same span, return on assets stayed near1.2% and long-term debt fell by$309M , which points to balance-sheet expansion that preserved asset productivity instead of buying growth with more term borrowing.
Across FY2023-FY2025, operating cash flow totaled
FY2025 diluted EPS reached
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Webster Financial's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Webster Financial passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Webster Financial generates $1.06 in operating cash flow ($1.1B OCF vs $1.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Webster Financial earns $0.96 in operating income for every $1 of interest expense ($1.5B vs $1.5B). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Webster Financial generated $2.9B in revenue in fiscal year 2025. This represents an increase of 11.9% from the prior year.
Webster Financial's EBITDA was $1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.8% from the prior year.
Webster Financial reported $1.0B in net income in fiscal year 2025. This represents an increase of 30.5% from the prior year.
Webster Financial earned $5.90 per diluted share (EPS) in fiscal year 2025. This represents an increase of 35.0% from the prior year.
Cash & Balance Sheet
Webster Financial generated $1.0B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 26.3% from the prior year.
Webster Financial held $2.4B in cash against $739.5M in long-term debt as of fiscal year 2025.
Webster Financial paid $1.60 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
Webster Financial's operating margin was 50.7% in fiscal year 2025, reflecting core business profitability. This is up 2.9 percentage points from the prior year.
Webster Financial's net profit margin was 34.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.9 percentage points from the prior year.
Webster Financial's ROE was 10.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.1 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Webster Financial spent $593.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 807.7% from the prior year.
Webster Financial invested $49.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 38.3% from the prior year.
Not reported for fiscal year 2025.
WBS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0B | $2.9B+11.9% | $2.6B-2.3% | $2.7B+7.1% | $2.5B+1065.3% | $212.4M+6.9% | $198.7M-4.6% | $208.3M+3.8% | $200.7M+7.9% | $185.9M+7.2% | $173.4M-77.2% | $760.0M+5.7% | $718.9M+4.6% | $687.6M-0.8% | $693.5M-0.9% | $699.7M |
| SG&A Expenses | $870.4M | $821.7M+7.7% | $762.8M+7.2% | $711.8M-1.6% | $723.6M+72.3% | $420.0M-2.0% | $428.4M+8.3% | $395.4M+3.6% | $381.5M+7.0% | $356.5M+9.4% | $326.0M+9.6% | $297.5M+10.1% | $270.2M+2.0% | $264.8M+0.3% | $264.1M+0.6% | $262.6M |
| Operating Income | $1.5B | $1.5B+18.7% | $1.2B+0.3% | $1.2B+14.5% | $1.1B+125.0% | $479.4M+14.8% | $417.7M-20.4% | $524.5M+8.4% | $483.6M+22.5% | $394.7M | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $1.5B | $1.5B-4.1% | $1.6B+23.1% | $1.3B+415.5% | $250.5M+499.8% | $41.8M-62.3% | $110.7M-44.5% | $199.5M+34.3% | $148.5M+26.6% | $117.3M+13.5% | $103.4M+8.4% | $95.4M+5.4% | $90.5M-0.5% | $90.9M-20.7% | $114.6M-15.7% | $136.0M |
| Income Tax | $259.1M | $257.3M+3.6% | $248.3M+14.6% | $216.7M+41.0% | $153.7M+23.0% | $125.0M+110.6% | $59.4M-42.9% | $104.0M+28.0% | $81.2M-17.4% | $98.4M+2.1% | $96.3M+3.5% | $93.0M+1.2% | $92.0M+19.3% | $77.1M+3.3% | $74.7M+28.8% | $58.0M |
| Net Income | $1.0B | $1.0B+30.5% | $768.7M-11.4% | $867.8M+34.7% | $644.3M+57.6% | $408.9M+85.3% | $220.6M-42.4% | $382.7M+6.2% | $360.4M+41.1% | $255.4M+23.3% | $207.1M+1.2% | $204.7M+2.5% | $199.7M+11.3% | $179.5M+3.3% | $173.7M+14.7% | $151.4M |
| EPS (Diluted) | — | $5.90+35.0% | $4.37-11.0% | $4.91+32.0% | $3.72 | $4.42+88.1% | $2.35-42.1% | $4.06+6.6% | $3.81+42.7% | $2.67+23.6% | $2.16+1.4% | $2.13+2.4% | $2.08+11.8% | $1.860.0% | $1.86+15.5% | $1.61 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
WBS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $84.1B+6.4% | $79.0B+5.4% | $74.9B+5.1% | $71.3B+104.1% | $34.9B+7.1% | $32.6B+7.2% | $30.4B+10.1% | $27.6B+4.2% | $26.5B+1.6% | $26.1B+5.8% | $24.6B+9.4% | $22.5B+8.1% | $20.9B+3.5% | $20.1B+7.7% | $18.7B |
| Cash & Equivalents | $2.4B+18.1% | $2.1B+20.9% | $1.7B+104.3% | $839.9M+82.0% | $461.6M+75.4% | $263.1M+2.0% | $257.9M-21.7% | $329.5M+28.3% | $256.8M+16.7% | $220.1M+10.2% | $199.7M-6.6% | $213.9M | N/A | N/A | N/A |
| Goodwill | $2.9B+1.0% | $2.9B+9.0% | $2.6B+4.7% | $2.5B+367.0% | $538.4M0.0% | $538.4M0.0% | $538.4M0.0% | $538.4M0.0% | $538.4M0.0% | $538.4M0.0% | $538.4M+1.6% | $529.9M0.0% | $529.9M0.0% | $529.9M0.0% | $529.9M |
| Total Liabilities | $74.6B+6.7% | $69.9B+5.5% | $66.3B+4.8% | $63.2B+100.8% | $31.5B+7.2% | $29.4B+8.0% | $27.2B+9.9% | $24.7B+3.9% | $23.8B+1.0% | $23.5B+5.9% | $22.2B+10.0% | $20.2B+8.4% | $18.6B+3.3% | $18.1B+7.0% | $16.9B |
| Long-Term Debt | $739.5M-18.7% | $909.2M-13.3% | $1.0B-2.3% | $1.1B+90.6% | $562.9M-0.8% | $567.7M+5.1% | $540.4M+139.1% | $226.0M+0.1% | $225.8M+0.1% | $225.5M+0.1% | $225.3M-0.4% | $226.2M-0.5% | $227.3M-31.1% | $329.9M-39.0% | $540.9M |
| Total Equity | $9.5B+3.9% | $9.1B+5.1% | $8.7B+7.9% | $8.1B+134.3% | $3.4B+6.3% | $3.2B+0.8% | $3.2B+11.1% | $2.9B+6.8% | $2.7B+6.9% | $2.5B+4.7% | $2.4B+3.9% | $2.3B+5.1% | $2.2B+5.5% | $2.1B+13.4% | $1.8B |
| Retained Earnings | $4.5B+19.1% | $3.8B+14.5% | $3.3B+21.0% | $2.7B+16.3% | $2.3B+12.3% | $2.1B+0.8% | $2.1B+12.7% | $1.8B+14.6% | $1.6B+12.0% | $1.4B+8.3% | $1.3B+9.5% | $1.2B+11.3% | $1.1B+8.0% | $1.0B+15.6% | $865.4M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.
WBS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.4B | $1.1B-24.7% | $1.4B+43.5% | $978.6M-26.7% | $1.3B+94.0% | $688.6M+80.9% | $380.5M+25.2% | $303.9M-35.3% | $469.4M+5.5% | $445.0M+11.8% | $398.1M+31.5% | $302.8M+24.6% | $243.0M-47.6% | $464.0M+80.5% | $257.1M-3.4% | $266.1M |
| Capital Expenditures | $53.0M | $49.6M+38.3% | $35.8M-11.1% | $40.3M+40.1% | $28.8M+73.4% | $16.6M-22.0% | $21.3M-17.3% | $25.7M-22.0% | $33.0M+15.5% | $28.5M-29.9% | $40.7M+12.8% | $36.1M+20.2% | $30.0M+37.3% | $21.9M-0.4% | $22.0M-23.8% | $28.9M |
| Free Cash Flow | $1.3B | $1.0B-26.3% | $1.4B+45.8% | $938.3M-28.2% | $1.3B+94.5% | $672.0M+87.0% | $359.3M+29.2% | $278.1M-36.3% | $436.4M+4.8% | $416.4M+16.5% | $357.4M+34.0% | $266.7M+25.2% | $213.0M-51.8% | $442.1M+88.0% | $235.1M-0.9% | $237.3M |
| Investing Cash Flow | -$4.8B | -$4.7B-22.7% | -$3.9B-49.1% | -$2.6B+63.9% | -$7.2B-198.8% | -$2.4B-5.1% | -$2.3B+10.2% | -$2.5B-93.5% | -$1.3B-148.2% | -$531.1M+67.5% | -$1.6B-111.2% | -$774.2M+53.6% | -$1.7B-46.8% | -$1.1B+18.2% | -$1.4B-80.1% | -$771.7M |
| Financing Cash Flow | $3.2B | $4.1B+44.0% | $2.8B+13.3% | $2.5B-60.0% | $6.2B+225.3% | $1.9B+0.1% | $1.9B-12.0% | $2.2B+136.0% | $921.2M+650.5% | $122.7M-90.0% | $1.2B+168.6% | $457.2M-68.1% | $1.4B+122.6% | $644.5M-45.8% | $1.2B+120.4% | $539.7M |
| Dividends Paid | $260.3M | $266.8M-2.8% | $274.5M-1.3% | $278.2M+12.3% | $247.8M+71.1% | $144.8M-0.1% | $145.0M+3.0% | $140.8M+22.5% | $115.0M+21.5% | $94.6M+5.7% | $89.5M+10.6% | $81.0M+20.1% | $67.4M+37.7% | $49.0M+59.6% | $30.7M+119.4% | $14.0M |
| Share Buybacks | $334.1M | $593.7M+807.7% | $65.4M-39.4% | $108.0M-66.5% | $322.1M | $0-100.0% | $76.6M+488.8% | $13.0M+7.0% | $12.2M+4.9% | $11.6M+3.4% | $11.2M-10.8% | $12.6M+17.0% | $10.7M | $0-100.0% | $50.0M+2894.0% | $1.7M |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
WBS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 50.7%+2.9pp | 47.8%+1.2pp | 46.6%+3.0pp | 43.6% | 225.7% | 210.2% | 251.8% | 241.0% | 212.3% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 34.6%+4.9pp | 29.7%-3.0pp | 32.7%+6.7pp | 26.0% | 192.5% | 111.0% | 183.7% | 179.6% | 137.4% | 119.5% | 26.9%-0.8pp | 27.8%+1.7pp | 26.1%+1.1pp | 25.1%+3.4pp | 21.6% |
| Return on Equity | 10.6%+2.1pp | 8.4%-1.6pp | 10.0%+2.0pp | 8.0%-3.9pp | 11.9%+5.1pp | 6.8%-5.1pp | 11.9%-0.6pp | 12.5%+3.0pp | 9.4%+1.2pp | 8.2%-0.3pp | 8.5%-0.1pp | 8.6%+0.5pp | 8.1%-0.2pp | 8.3%+0.1pp | 8.2% |
| Return on Assets | 1.2%+0.2pp | 1.0%-0.2pp | 1.2%+0.3pp | 0.9%-0.3pp | 1.2%+0.5pp | 0.7%-0.6pp | 1.3%-0.1pp | 1.3%+0.4pp | 1.0%+0.2pp | 0.8%0.0pp | 0.8%-0.1pp | 0.9%0.0pp | 0.9%0.0pp | 0.9%+0.1pp | 0.8% |
| Debt-to-Equity | 0.080.0x | 0.100.0x | 0.120.0x | 0.130.0x | 0.160.0x | 0.180.0x | 0.17+0.1x | 0.080.0x | 0.080.0x | 0.090.0x | 0.090.0x | 0.100.0x | 0.10-0.1x | 0.16-0.1x | 0.29 |
| FCF Margin | 34.8%-18.0pp | 52.8%+17.4pp | 35.4%-17.4pp | 52.8% | 316.4% | 180.8% | 133.5% | 217.5% | 224.0% | 206.2% | 35.1%+5.5pp | 29.6%-34.7pp | 64.3%+30.4pp | 33.9%0.0pp | 33.9% |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Webster Financial Ranks
Frequently Asked Questions
What is Webster Financial's annual revenue?
Webster Financial (WBS) reported $2.9B in total revenue for fiscal year 2025. This represents a 11.9% 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 grew by 11.9% year-over-year, from $2.6B to $2.9B in fiscal year 2025.
Is Webster Financial profitable?
Yes, Webster Financial (WBS) reported a net income of $1.0B in fiscal year 2025, with a net profit margin of 34.6%.
What is Webster Financial's EBITDA?
Webster Financial (WBS) had EBITDA of $1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Webster Financial have?
As of fiscal year 2025, Webster Financial (WBS) had $2.4B in cash and equivalents against $739.5M in long-term debt.
What is Webster Financial's operating margin?
Webster Financial (WBS) had an operating margin of 50.7% in fiscal year 2025, 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 34.6% in fiscal year 2025, 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 2025.
What is Webster Financial's return on equity (ROE)?
Webster Financial (WBS) has a return on equity of 10.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Webster Financial's free cash flow?
Webster Financial (WBS) generated $1.0B in free cash flow during fiscal year 2025. This represents a -26.3% 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 $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Webster Financial's total assets?
Webster Financial (WBS) had $84.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Webster Financial's capital expenditures?
Webster Financial (WBS) invested $49.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Webster Financial's debt-to-equity ratio?
Webster Financial (WBS) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, 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 1.2% for fiscal year 2025, 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 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.06x, 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 0.96x, 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 53 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.