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 (NYSE:WBS) announced that its Board of Directors has authorized a significant increase of $700 million to its existing share repurchase program. The program allows for stock repurchases through open market transactions, private deals, and block trades, with implementation possible through Rule 10b5-1 trading plans.
The company will conduct repurchases at management's discretion, considering factors such as stock availability, market conditions, trading price, alternative capital uses, and financial performance. The program has no expiration date but can be modified, suspended, or terminated by the Board at any time based on various factors including market conditions and capital requirements.
Webster Financial Corporation (NYSE: WBS) has announced its latest dividend declarations for both common and preferred stockholders. The company's Board of Directors approved a quarterly cash dividend of $0.40 per share on common stock, payable May 22, 2025, to shareholders of record as of May 12, 2025.
Additionally, Webster declared dividends on two classes of preferred stock:
- Series F Preferred Stock: Quarterly cash dividend of $328.125 per share ($0.328125 per depositary share), payable June 16, 2025
- Series G Preferred Stock: Quarterly cash dividend of $16.25 per share ($0.40625 per depositary share), payable July 15, 2025
Webster Financial (NYSE: WBS) reported Q1 2025 net income of $220.4 million, or $1.30 per diluted share, up from $210.1 million ($1.23/share) in Q1 2024. Revenue reached $704.8 million, with net interest margin at 3.48%.
Key metrics include: loans and leases balance of $53.1 billion (up 1.0% QoQ), deposits of $65.6 billion (up 1.3% QoQ), and provision for credit losses of $77.5 million. The bank maintained strong capital ratios with Common Equity Tier 1 at 11.26% and efficiency ratio at 45.79%.
Performance across segments showed mixed results: Commercial Banking saw a 10.6% decline in pre-tax revenue, Healthcare Financial Services grew 7.6%, while Consumer Banking experienced an 11.7% decrease in pre-tax revenue compared to Q1 2024.
Webster Financial (NYSE: WBS) has scheduled its first quarter 2025 earnings release and conference call. The earnings will be released on Thursday, April 24, 2025, at approximately 7:30 a.m. (Eastern), followed by a conference call at 9:00 a.m. (Eastern).
The conference call will be accessible via toll-free number (888-330-2446) or international number (1-240-789-2732) using passcode 8607257. A webcast will be available through Webster's Investor Relations website, with replay options available shortly after the call's completion. A telephone replay will be accessible for one week starting from noon Eastern on April 24, 2025.
Webster Financial (NYSE: WBS) announced that Executive Vice President and Chief Risk Officer (CRO) Dan Bley will retire after 14 years with the company. Bley will continue serving as CRO until a successor is appointed, after which he will transition to an advisory role to ensure continuity.
The company has initiated a comprehensive search process with executive search firm Russell Reynolds to find Bley's replacement. During his tenure, Bley played a important role in establishing a robust risk culture at Webster and enhancing risk management programs to support the bank's growth.
Webster Financial (NYSE:WBS) has announced that Chairman and CEO John Ciulla will address investors at the 2025 RBC Capital Markets Global Financial Institutions Conference. The presentation is scheduled for March 5, 2025, at 10 a.m. ET.
Investors and interested parties can access the live webcast through Webster's investor relations website at investors.websterbank.com on the Events page. The company will also make a replay of the presentation available after the event concludes.
Webster Financial (NYSE: WBS) has announced dividend declarations for its common and preferred stocks. The company will pay a quarterly cash dividend of $0.40 per share on common stock, payable February 20, 2025, to shareholders of record as of February 10, 2025.
For preferred stockholders, Webster declared: a quarterly dividend of $328.125 per share on Series F Preferred Stock ($0.328125 per depositary share), payable March 17, 2025, to shareholders of record on March 2, 2025; and $16.25 per share on Series G Preferred Stock ($0.40625 per depositary share), payable April 15, 2025, to shareholders of record on March 31, 2025.
Webster Financial (WBS) reported Q4 2024 net income of $173.6 million, or $1.01 per diluted share, compared to $181.2 million, or $1.05 per share in Q4 2023. Adjusted EPS was $1.43, excluding securities repositioning losses of $56.9 million and a deferred tax asset valuation adjustment of $29.4 million.
Key Q4 2024 metrics include: revenue of $661.0 million, loans and leases balance of $52.5 billion (up 1.1% from prior quarter), deposits of $64.8 billion (up 0.4%), and net interest margin of 3.39%. The provision for credit losses was $63.5 million, with net charge-offs at $60.9 million.
The company's capital position remained strong with a common equity tier 1 ratio of 11.50% and efficiency ratio of 44.80%. Total deposits increased to $64.8 billion, with core deposits representing 87.3% of total deposits.
Webster Financial (NYSE: WBS) has scheduled its fourth quarter 2024 earnings release and conference call for Friday, January 17, 2025. The earnings release will be available at approximately 7:30 a.m. (Eastern), followed by a conference call at 9:00 a.m. (Eastern).
The company will provide multiple ways to access the earnings information, including a toll-free dial-in number (888-330-2446) and international access (1-240-789-2732). A webcast will be available through Webster's Investor Relations website, with replay options accessible shortly after the call. Additionally, a telephone replay will be available for one week starting at noon Eastern on January 17, 2025.
Webster Financial (NYSE: WBS) has announced a reduction in its prime lending rate from 7.75% to 7.50%. The new rate will take effect on December 19, 2024. This adjustment to the prime lending rate affects Webster Bank, N.A., the company's banking subsidiary.
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