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Webster Financial Corporation - WBS STOCK NEWS

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

Webster Financial Corporation, headquartered in Waterbury, Connecticut and traded under the symbol WBS, is a comprehensive financial services provider. Established in 1935, Webster Bank, N.A., a principal subsidiary, offers a wide range of banking solutions, including commercial and consumer banking, mortgages, investment advisory, trust, and wealth management services. This institution caters to individuals, families, and businesses across Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania.

Webster operates through three key segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment is the largest revenue generator, offering tailored financial solutions to businesses of all sizes. The HSA Bank segment offers health savings accounts to individuals and businesses, while the Consumer Banking segment provides a broad spectrum of financial products to everyday consumers, including personal loans, credit cards, and deposit products.

The company prides itself on living up to its promise of understanding and addressing what matters most to its customers and communities. Webster Financial Corporation emphasizes values such as responsibility, respect, ethical behavior, citizenship, and teamwork, collectively known as the Webster Way. These guiding principles ensure that the company consistently puts people first, helping them achieve their financial goals and build fulfilling lives.

In recent years, Webster has achieved notable milestones, including strategic partnerships and technological advancements that enhance customer experience. The company's robust financial condition is reflected in its continual growth and the trust it has built within the community.

For the latest updates and relevant information about Webster Financial Corporation's performance and developments, visit our news section regularly.

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Webster Financial (NYSE: WBS) announced its second quarter 2024 earnings release will be on July 23, 2024, at 7:30 a.m. Eastern Time. The company will hold a conference call to discuss the earnings on the same day at 9:00 a.m. Eastern Time.

Interested parties can join the conference call toll-free at 888-330-2446 or via international dial-in at 1-240-789-2732 using passcode 8607257.

The call will be webcast live on Webster's Investor Relations website, with replays available shortly after the call ends. Telephone replays will also be accessible for one week starting at 12:00 noon Eastern Time on July 23, 2024, via toll-free number 800-770-2030 or international number 1-609-800-9909 using replay conference ID 8607257.

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Webster Financial and Marathon Asset Management have announced a joint venture to finance middle market companies backed by private equity sponsors. Webster Bank, with $76 billion in assets, and Marathon, managing $23 billion, will offer senior secured loans. The partnership leverages both firms' credit expertise and relationships, with over 100 employees collaborating. This venture aims to diversify Webster's revenue and provide larger financing solutions. Key executives from both firms expressed optimism about the benefits of the combined strengths and the potential to enhance client services and generate asset management income.

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Webster Bank has welcomed 31 summer interns from 23 universities to support 29 departments, including HSA Bank. The program, which lasts 10 weeks, features volunteering, teambuilding, career development classes, and a final presentation by each intern. This initiative builds on last year's program that hosted 25 interns across eight business lines. Webster Bank, headquartered in Stamford, CT, is a major commercial bank in the Northeast with $76 billion in assets, offering both digital and traditional financial services. The bank emphasizes its values-driven approach and dedication to talent development.

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Webster Bank is celebrating its third annual Community Impact Month, recognizing the volunteer efforts of its employees. The initiative underscores Webster's commitment to community service, granting employees 16 hours of paid volunteer time to support local organizations. With $76 billion in assets, Webster operates three main lines of business: Commercial Banking, Consumer Banking, and Healthcare Financial Services. Headquartered in Stamford, CT, the bank emphasizes a values-based culture, focusing on the prosperity of local communities. Webster Bank’s core operational area spans from New York to Massachusetts, and it is an FDIC member and equal housing lender.

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Webster Bank's Pan Asian Collective commemorated AAPI Month with the 'Passport to Pan Asia' events. The activities aimed to honor and raise awareness about various Pan Asian cultures. The celebrations offered employees opportunities to learn and engage with different cultural aspects, thanks to the efforts of the Business Resource Group Co-Chairs.

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Webster Bank is committed to supporting the financial well-being of the communities it serves by providing financial education and resources to individuals and small businesses in low- to moderate-income areas. Through its Community Investment Strategy, the bank aims to address the need for improved financial literacy skills.

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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.

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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.
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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.
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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.
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FAQ

What services does Webster Financial Corporation offer?

Webster Financial Corporation provides commercial and consumer banking, mortgages, investment advisory, trust, and wealth management services.

Where is Webster Financial Corporation headquartered?

Webster Financial Corporation is headquartered in Waterbury, Connecticut.

What are the main business segments of Webster Financial Corporation?

The main business segments are Commercial Banking, HSA Bank, and Consumer Banking.

What is the Webster Way?

The Webster Way refers to the company's core values of responsibility, respect, ethical behavior, citizenship, and teamwork.

Which segment generates the most revenue for Webster Financial Corporation?

The Commercial Banking segment generates the most revenue for Webster Financial Corporation.

How does Webster Financial Corporation support its customers?

Webster supports its customers by understanding their needs and providing solutions that help them achieve their financial goals.

In which states does Webster Financial Corporation operate?

Webster operates in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania.

Is Webster Financial Corporation a member of the FDIC?

Yes, Webster Financial Corporation is a member of the FDIC.

What recent achievements has Webster Financial Corporation made?

Webster has made strategic partnerships and technological advancements to enhance customer experience.

How can I stay updated on Webster Financial Corporation's news?

You can stay updated by visiting the news section on Webster Financial Corporation's official website.

Webster Financial Corporation

NYSE:WBS

WBS Rankings

WBS Stock Data

8.01B
171.49M
0.91%
88.73%
2.2%
Commercial Banking
Finance and Insurance
Link
United States of America
STAMFORD