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Webster Financial Corp. - WBS STOCK NEWS

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

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'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's position in the market.

News
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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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%
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dividends
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News
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%
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acquisition
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%
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earnings
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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%
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earnings
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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%
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acquisition
Rhea-AI Summary
Webster Financial Corporation declares quarterly cash dividends on common stock and preferred stock
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Rhea-AI Sentiment
End-of-Day
-0.43%
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dividends
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Rhea-AI Summary
Webster Financial Corporation (NYSE:WBS) has declared dividends for its common stock and preferred stock. The quarterly cash dividend for common shares is $0.40 per share and will be payable on November 13, 2023. The dividend for Series F Preferred Stock is $328.125 per share and will be payable on December 15, 2023. The dividend for Series G Preferred Stock is $16.25 per share and will be payable on January 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
dividends
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Rhea-AI Summary
Webster Financial Corporation reported net income of $222.3 million for Q3 2023, compared to $229.8 million in Q3 2022. The results include charges of $61.6 million related to the merger with Sterling Bancorp. Excluding these charges, adjusted earnings per diluted share would have been $1.551. Revenue was $677.5 million, with period end loans and leases balance of $50.1 billion and period end deposits balance of $60.3 billion. Return on average assets was 1.23 percent, and net interest margin was 3.49 percent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
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earnings
Rhea-AI Summary
Webster Financial Corporation announces details for its Q3 2023 earnings release and conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
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earnings
Webster Financial Corp.

NYSE:WBS

WBS Rankings

WBS Stock Data

8.72B
169.90M
0.96%
88.11%
2.06%
Commercial Banking
Finance and Insurance
Link
US
Waterbury

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.