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Webster Financial Corporation Waterbury - $WBS STOCK NEWS

Welcome to our dedicated page for Webster Financial Corporation Waterbury news (Ticker: $WBS), a resource for investors and traders seeking the latest updates and insights on Webster Financial Corporation Waterbury stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Webster Financial Corporation Waterbury's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Webster Financial Corporation Waterbury's position in the market.

News
Webster Bank Celebrates Opening of YWCA Hartford Region Finance Lab
Rhea-AI Summary

Webster Bank and YWCA Hartford Region celebrated the opening of the Webster/YWCA Hartford Region Finance Lab in Hartford, Connecticut, with a $100,000 grant from Webster. The program aims to provide financial skills and literacy to women and girls in YW programs, emphasizing economic security and self-sufficiency. The initiative highlights Webster Bank's commitment to corporate social responsibility and community empowerment. The Finance Lab is part of a broader effort to enhance financial empowerment and literacy in low- to moderate-income communities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
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none
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News
Webster Financial Corporation Declares Common and Preferred Dividends
Rhea-AI Summary
Webster Financial (WBS) announces dividends for its common and preferred stock. The company declared a quarterly cash dividend of $0.40 per share on common stock, payable on May 16, 2024. Additionally, dividends were declared for Series F and Series G Preferred Stock, with payments scheduled for June 15, 2024, and July 15, 2024, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.13%
Tags
dividends
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News
Webster Reports First Quarter 2024 EPS of $1.23; Adjusted EPS of $1.35
Rhea-AI Summary
Webster Financial announced first quarter 2024 EPS of $1.23, with adjusted EPS of $1.35. Net income available to common stockholders was $212.2 million. Revenue was $667.1 million, with a period end loan balance of $51.1 billion and deposit balance of $60.7 billion. Highlights include solid results, adjusted return on assets of 1.26%, and enhanced deposit franchise with Ametros acquisition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.85%
Tags
earnings
News
Webster Financial Corporation Announces Q1 2024 Earnings Release and Conference Call
Rhea-AI Summary
Webster Financial (WBS) announced details for its first quarter 2024 earnings release and conference call. The earnings release is set for Tuesday, April 23, 2024, at 7:30 a.m. (Eastern), followed by a conference call at 9:00 a.m. (Eastern). Investors can join via dial-in number or webcast, with replays available on the company's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
earnings
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News
Webster Announces CFO Transition
Rhea-AI Summary
Webster Financial announces the retirement of Glenn MacInnes, the Executive Vice President and CFO, after 13 years of service. The company is initiating a search for his successor to ensure a smooth transition. MacInnes will continue as CFO until a new candidate is appointed. The Board expresses gratitude for MacInnes' contributions in transforming Webster into a top-performing regional bank, focusing on profitability and operational efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
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none
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News
Webster Financial Corporation Declares Common and Preferred Dividends
Rhea-AI Summary
Webster Financial Corporation (NYSE:WBS) announced a quarterly cash dividend of $0.40 per share on its common stock, payable on February 16, 2024. The company also declared dividends on its Series F and Series G Preferred Stock, with payouts on March 15, 2024, and April 15, 2024, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
dividends
News
Webster Closes Ametros Acquisition
Rhea-AI Summary
Webster Financial Corporation (NYSE: WBS) has completed the acquisition of Ametros Financial Corp, the nation’s largest professional administrator of medical insurance claim settlements. The business will continue to operate under the Ametros and CareGuard brands, providing Webster a fast-growing source of low-cost and long-duration deposits, further diversifying Webster’s deposits and noninterest income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
acquisition
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News
Webster Reports Fourth Quarter 2023 EPS of $1.05; Adjusted EPS of $1.46
Rhea-AI Summary
Webster Financial Corporation (NYSE: WBS) reported net income available to common stockholders of $181.2 million, or $1.05 per diluted share, for the quarter ended December 31, 2023, compared to $240.6 million, or $1.38 per diluted share, for the same period in 2022. The fourth quarter 2023 results include charges related to a FDIC special assessment, the merger with Sterling Bancorp, and securities repositioning. Excluding these charges, adjusted earnings per diluted share would have been $1.461 for the quarter ended December 31, 2023. Revenue for the quarter was $634.8 million, with period end loan and lease balance of $50.7 billion and deposit balance of $60.8 billion. The provision for credit losses totaled $36.0 million. Return on average assets was 1.01 percent, and return on average tangible common equity was 14.49 percent. The efficiency ratio was 43.04 percent. The company also announced the acquisition of Ametros Financial.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.31%
Tags
earnings
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News
Webster Financial Corporation Announces Q4 2023 Earnings Release and Conference Call
Rhea-AI Summary
Webster Financial Corporation (WBS) announces details for its Q4 2023 earnings release and conference call. Earnings release on January 23, 2024, at 7:30 a.m. (Eastern). Conference call on the same day at 9:00 a.m. (Eastern). Dial-in number, passcode, webcast, and replay details provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
earnings
News
Webster Signs Definitive Agreement to Acquire Ametros
Rhea-AI Summary
Webster Financial Corporation (NYSE: WBS) has signed a definitive agreement to acquire Ametros Financial Corp, the nation’s largest professional administrator of medical insurance claim settlements, for $350 million. The acquisition is expected to provide a fast-growing source of low-cost and long-duration deposits, new sources of noninterest income, and enhance Webster’s healthcare financial services expertise. Ametros has over 24,000 members and $804 million in deposits under custody, which will become deposits of Webster following the closing of the transaction. The average deposit balance per account was $33,000. The acquisition is anticipated to be over 2% accretive to FY25 consensus estimates, generate an IRR over 25%, and has a five-year earn-back of tangible book value dilution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.95%
Tags
acquisition
Stock WBS logo
Webster Financial Corporation Waterbury

NYSE:WBS

WBS Rankings

#942 Ranked by Market Cap
#3963 Ranked by Stock Gains
#972 Ranked by Dividends

WBS Stock Data

7.87B
169.90M
0.96%
88.14%
1.82%
Commercial Banking
Finance and Insurance
Link
United States of America
STAMFORD

About WBS

at webster, living up to you ™ is a promise we make to our customers and communities every day. it’s a promise to understand what matters most to them - and provide the solutions they need to achieve it. it’s about putting people first - helping individuals, families and businesses to reach their financial goals and build rewarding lives. and it’s acting with responsibility, respect, ethical behavior, citizenship and teamwork -- the values webster was founded on in 1935. we call these values the webster way. they bring us together, and set us apart. webster bank., n.a., member fdic. equal housing lender. © 2016 webster financial corporation. all rights reserved.