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), the holding company for Webster Bank, N.A., regularly issues news and updates that reflect its activities as a commercial bank and financial holding company. Founded in 1935 and headquartered in Stamford, Connecticut, Webster reports on developments across its three differentiated lines of business: Commercial Banking, Healthcare Financial Services, and Consumer Banking.
This news page highlights company announcements such as quarterly earnings releases, details on earnings conference calls, and commentary from senior leadership on financial performance. Investors can review press releases reporting net income, revenue, segment results, and other financial metrics, as well as information about dividends declared on common and preferred stock.
Webster also publishes news on changes to its prime lending rate, reflecting adjustments in its lending reference rate over time. In addition, the company reports on corporate actions and strategic steps, including capital markets transactions such as the issuance of subordinated notes, and acquisitions within its Healthcare Financial Services segment, such as HSA Bank’s acquisition of SecureSave.
Updates from divisions like HSA Bank and Ametros appear in the news flow, including reports on member impact, account growth, and enhancements to healthcare-related financial and administrative services. Governance and leadership items, such as board appointments and executive role changes, are also disclosed through press releases and related filings.
By reviewing this page, readers can follow Webster’s periodic financial reporting, capital and funding activities, healthcare-related initiatives, and other material corporate developments associated with the WBS stock.
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.
Webster Financial Corporation (NYSE: WBS) announced the details for its third quarter 2021 earnings release scheduled for October 21, 2021, at approximately 7:30 a.m. Eastern. A conference call will follow at 9:00 a.m. Eastern. Dial-in options include 877-407-8289 for domestic callers and 201-689-8341 for international. The call will be webcast on Webster's Investor Relations website, with a replay available shortly after the conclusion of the call. Webster Financial has assets totaling $33.3 billion.
On August 17, 2021, Webster Financial Corporation (WBS) and Sterling Bancorp (STL) announced stockholder approval for their proposed merger. This significant milestone brings the companies closer to completing the merger, which is expected to create a uniquely focused commercial bank. Both firms have received necessary approvals from their respective banks and the Office of the Comptroller of the Currency. The final transaction completion remains subject to regulatory approval from the Federal Reserve, with an anticipated closing in Q4 2021.
Webster Financial Corporation (NYSE: WBS) reported strong second-quarter 2021 earnings of $91.6 million, or $1.01 per diluted share, compared to $50.7 million, or $0.57 per share, a year prior. Adjusted earnings would be $1.21 per diluted share after merger-related charges of $18.2 million. Revenue reached $293.6 million, with loan growth of 3.2% excluding PPP loans, and $2.4 billion in loan originations, up 26%. Credit trends improved, with a reserve decrease of $20.4 million. Total deposits increased by $2.5 billion, marking a 9.5% year-over-year growth.
Webster Financial Corporation (NYSE:WBS) has announced a quarterly cash dividend of $0.40 per share on its common stock, payable on August 17, 2021 to shareholders of record as of August 3, 2021. Additionally, for its Series F Preferred Stock, a dividend of $328.125 per share will be paid on September 15, 2021 to shareholders of record on September 1, 2021. With assets totaling $33.3 billion, Webster provides a range of banking services through its extensive network.
Webster Financial Corporation (NYSE: WBS) will release its second quarter earnings on July 22, 2021, at approximately 7:30 a.m. (Eastern). A conference call will follow at 9:00 a.m. (Eastern). Investors can join the call by dialing 877-407-8289 or 201-689-8341 (international). Webcast access is available via Webster's Investor Relations website. Additionally, a replay of the call will be available for one week from 11:00 a.m. (Eastern) on the same day.
Webster Financial, with $33.3 billion in assets, offers various banking services through its network of branches and ATMs.
Webster Investments announced that Samie Seyal, a sales support specialist, has been named a 2021 Rising Star by the Bank Insurance and Securities Association (BISA). This recognition is part of BISA's exclusive program aimed at fostering leadership in young professionals committed to diversity, equity, and inclusion in finance. Seyal has been with Webster for five years, spending two years in the Webster Investments team. BISA will honor the Rising Stars at its annual convention in Hollywood, Florida, in July.
Webster Bank has reaffirmed its commitment to promoting diversity, equity, and inclusion in the workplace. In observance of Juneteenth in 2021, the bank will invest in organizations focused on racial equity and social justice, including the Equal Justice Initiative and YWCA of Southeastern Wisconsin. Additionally, Webster Bank is a Silver Circle sponsor for the 2021 Juneteenth Virtual Celebration. With $33.3 billion in assets, Webster offers diverse banking services while actively engaging in community support for racial equity.
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