Welcome to our dedicated page for Webster Financial news (Ticker: WBS), a resource for investors and traders seeking the latest updates and insights on Webster Financial stock.
Webster Financial Corporation (NYSE: WBS) news hub provides investors and stakeholders with essential updates from this leading Northeast financial institution. Track official announcements including quarterly earnings, strategic partnerships, leadership changes, and regulatory developments through our curated collection of press releases and verified news sources.
This resource simplifies monitoring of WBS's commercial banking initiatives, HSA Bank innovations, and consumer financial solutions across Connecticut, New York, Massachusetts, Rhode Island, and Pennsylvania. Discover how Webster's customer-first approach and ethical banking practices translate into operational decisions through transparent reporting.
Key updates include dividend declarations, community reinvestment programs, digital banking enhancements, and wealth management service expansions. Bookmark this page for direct access to primary source materials from Webster Financial, ensuring you stay informed about one of New England's most trusted financial institutions.
Webster Financial Corporation (NYSE: WBS) announced the acquisition of Bend Financial, Inc., a cloud-based HSA platform provider, aiming to enhance HSA Bank's client experience with advanced technology. Bend will continue its operations while integrating its user-centric offerings to benefit HSA Bank consumers. This move is expected to accelerate Webster's goal of simplifying healthcare savings for consumers. The transaction's terms were undisclosed, with completion anticipated in Q1 2022.
Webster Financial Corporation (NYSE: WBS) and Sterling Bancorp have completed their merger, establishing one of the largest commercial banks in the Northeast with approximately $65 billion in assets and $53 billion in deposits. The merger enhances Webster's funding base, including its HSA Bank division, and expands its geographic footprint. Shareholders of Sterling received 0.4630 shares of Webster common stock for each share held. The new headquarters is in Stamford, CT, with a commitment to community engagement and improved client experiences.
Webster Financial Corporation (NYSE: WBS) reported earnings of $108.4 million ($1.20 per diluted share) for Q4 2021, a significant increase from $57.7 million ($0.64 per share) in Q4 2020. Full-year earnings reached $398.7 million ($4.42 per share), reflecting strong loan growth of 4.1% and a 7.9% rise in revenue totaling $316.9 million. The company anticipates closing its merger with Sterling soon, aiming to enhance its market position. 2021's net interest margin stood at 2.73%, despite a 0.6% drop in deposits.
Webster Financial Corporation (NYSE:WBS) declared a quarterly cash dividend of $0.40 per share on its common stock, payable on February 11, 2022, to shareholders on record as of January 28, 2022. The company also announced a quarterly cash dividend of $328.125 per share on its Series F Preferred Stock, payable on March 15, 2022, to shareholders on record by March 1, 2022. With total assets of $35.4 billion, Webster Bank offers various banking services through 130 centers and 254 ATMs.
Webster Financial Corporation (NYSE: WBS) has announced its fourth quarter 2021 earnings release and conference call scheduled for January 20, 2022. The earnings release will be available at approximately 7:30 a.m. Eastern, followed by a conference call at 9:00 a.m. Eastern. Participants can dial in using 877-407-8289 or access the call via webcast on Webster's Investor Relations website. A replay of the call will be available shortly after completion.
KBRA has assigned several ratings to Webster Financial Corporation (NYSE: WBS), including a senior unsecured debt rating of A- and a subordinated debt rating of BBB+. Webster Bank, N.A., its principal subsidiary, received deposit and senior unsecured debt ratings of A. The ratings are influenced by Webster's efficient regional banking model, particularly the competitive HSA Bank division with $10.8 billion in footings. The impending merger with Sterling Bancorp (NYSE: STL) is expected to enhance Webster's scale and earnings power, with the merger anticipated to close in early February 2022.
Webster Financial Corporation (WBS) and Sterling Bancorp (STL) announced that they have received all necessary regulatory approvals for their merger. The Federal Reserve and the Office of the Comptroller of the Currency have cleared the transaction, allowing the merger to proceed. The expected closing date is around February 1, 2022. Post-merger, the combined entity will have approximately $65.5 billion in assets and operate over 200 financial centers in the Northeast region.
Webster Financial Corporation (NYSE:WBS) has declared a quarterly cash dividend of $0.40 per share on its common stock, payable on November 23, 2021, to shareholders on record as of November 9, 2021. Additionally, a dividend of $328.125 per share will be distributed on its Series F Preferred Stock, payable on December 15, 2021, to shareholders of record by December 1, 2021. With $35.4 billion in assets, Webster Bank and its divisions continue to serve a wide range of banking needs.
Webster Financial Corporation (NYSE: WBS) reported a strong financial performance for Q3 2021, with earnings of $93.2 million, or $1.03 per diluted share, a significant increase from $66.9 million, or $0.75 per diluted share, in Q3 2020. Revenue rose to $313.5 million, up 6.5% year-over-year. The company noted loan growth of 2.7% and deposit growth of 4.1% linked quarter. Current Expected Credit Loss (CECL) provision stood at $7.8 million. Webster is prepared for a merger with Sterling, pending regulatory approval.
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