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.
Webster Financial Corporation reports news as the holding company for Webster Bank, N.A., a commercial bank serving businesses, individuals, and families through Commercial Banking, Healthcare Financial Services, and Consumer Banking. Recurring updates cover operating results, expense and tax items, balance sheet activity, and segment-level banking trends across its Northeast core footprint and selected extended geographies.
Company announcements also include common-stock dividends and preferred-stock depositary share dividends for Webster's Series F and Series G preferred stock. Other recurring news categories include governance matters, capital-structure disclosures, material agreements, and shareholder voting matters tied to the bank holding company's public securities.
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Webster Financial Corporation (NYSE:WBS) has declared a quarterly cash dividend of $0.40 per share on common stock, payable on May 22, 2023, to shareholders of record as of May 8, 2023.
Additionally, the company announced dividends on Series F and Series G Preferred Stock. The Series F dividend is $328.125 per share, payable on June 15, 2023, to shareholders of record on June 1, 2023. The Series G dividend is $16.25 per share, payable on July 15, 2023, to shareholders of record on June 30, 2023.
Webster Financial, headquartered in Stamford, CT, has approximately $75 billion in assets and serves the northeastern U.S. market.
Webster Financial Corporation (NYSE: WBS) reported a net income of $216.8 million, or $1.24 per diluted share, for Q1 2023, a significant recovery from a net loss of $(20.2) million, or $(0.14) per diluted share, in Q1 2022. The results include $56.6 million in pre-tax charges related to the merger with Sterling Bancorp. Adjusted earnings per diluted share, excluding these charges, were $1.491. The company achieved a revenue of $666.0 million, with loans and leases totaling $50.9 billion and deposits reaching $55.3 billion, both reflecting a 2.3% increase from the prior quarter. The provision for credit losses was $46.7 million, with net charge-offs of $24.5 million. Key metrics include a return on average assets of 1.22% and a common equity tier 1 ratio of 10.40%. Overall, Webster's performance showcases strong growth and solid risk management in a challenging banking environment.
Webster Financial Corporation (NYSE: WBS) has announced its first quarter 2023 earnings release and conference call scheduled for April 20, 2023. The earnings release is set for 7:30 a.m. (Eastern), followed by a conference call at 9:00 a.m. (Eastern). Interested participants can dial in at 888-330-2446 for toll-free calls or 240-789-2732 for international calls, using the passcode 8607257. A webcast will be available on Webster's Investor Relations website, with a replay accessible shortly after the call. The company, headquartered in Stamford, CT, operates as a leading commercial bank in the Northeast with over $70 billion in assets.