OverviewSuggest Edit
Webster Financial Corporation is a bank and financial holding company. Its subsidiaries include Webster Bank, Webster Wealth Advisors, Inc., and Webster Licensing, LLC. Webster Bank provides consumer banking services, residential mortgage originations, various commercial banking products and services, and financial planning and investment services.
... Show more| Type | Public | |
| Founded | 1986 | |
| HQ | Waterbury, US | Map |
| Website | public.websteronline.com |
Recent NewsAll News
- Webster Financial Corporation Announces Fourth Quarter 2018 Earnings Release and Conference Call
- Webster Financial Corporation Announces Third Quarter 2018 Earnings Release and Conference Call
- Webster Financial Corporation Declares Common Dividend
- Webster Financial Corporation (WBS) CEO John Ciulla on Q2 2018 Results - Earnings Call Transcript
Key People/Management at Webster Financial
John Ciulla
President and Chief Executive Officer of Webster Financial Corporation and Webster Bank
Glenn MacInnes
Executive Vice President and Chief Financial Officer of Webster Financial Corporation and Webster Bank
Daniel Bley
Executive Vice President and Chief Risk Officer of Webster Financial Corporation and Webster Bank
Colin Eccles
Executive Vice President and Chief Information Officer of Webster Financial Corporation and Webster Bank
Bernard Garrigues
Executive Vice President and Chief Human Resources Officer of Webster Financial Corporation and Webster Bank
John Guy
Executive Vice President, Director of Business Banking of Webster Financial Corporation and Webster Bank
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Webster Financial Office Locations
Webster Financial has offices in Waterbury, Southbury, Watertown, Prospect and in 96 other locations
Waterbury, US (HQ)
145 Bank St
Ansonia, US
200 Division St
Attleboro, US
27 Park St
Avon, US
392 W Main St
Barrington, US
262 County Rd
Berlin, US
40 Webster Square Rd
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Webster Financial Financials and Metrics
Webster Financial Revenue
Webster Financial's revenue was reported to be $1.17 b in FY, 2017
| USD | |
|---|---|
Revenue (Q2, 2018) | 328.9m |
Gross profit (Q2, 2018) | 293.4m |
Gross profit margin (Q2, 2018), % | 89.2% |
Net income (Q2, 2018) | 81.7m |
EBIT (Q2, 2018) | 225.0m |
Market capitalization (13-Feb-2019) | 5.1b |
Closing stock price (13-Feb-2019) | 55.2 |
Cash (30-Jun-2018) | 228.6m |
EV | 5.1b |
Webster Financial's current market capitalization is $5.1 b.
- Source: SEC Filings
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 218.0m | 227.6m | 225.1m | 230.8m | 240.8m | 246.8m | 253.5m | 266.4m | 267.5m | 272.1m | 282.7m | 291.3m | 296.9m | 328.9m |
Cost of goods sold | 21.8m | 22.5m | 22.4m | 22.5m | 23.1m | 23.5m | 24.0m | 26.2m | 25.5m | 25.5m | 27.0m | 29.0m | 30.1m | 35.5m |
Gross profit | 196.2m | 205.1m | 202.7m | 208.3m | 217.7m | 223.4m | 229.5m | 240.2m | 242.0m | 246.6m | 255.7m | 262.3m | 266.8m | 293.4m |
Gross profit Margin, % | 90% | 90% | 90% | 90% | 90% | 90% | 91% | 90% | 90% | 91% | 90% | 90% | 90% | 89% |
- Source: SEC Filings
Annual
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|
Cash | 223.6m | 261.5m | 251.3m | 190.7m | |
Accounts Receivable | 790.0k | ||||
Inventories | 19.8m | ||||
PP&E | 121.6m | 121.9m | 129.4m | 137.4m | 130.0m |
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 266.7m | 251.9m | 287.9m | 207.1m | 234.0m | 205.7m | 251.9m | 198.2m | 225.0m | 200.0m | 184.0m | 231.8m | 215.2m | 228.6m |
PP&E | 121.3m | 121.5m | 119.8m | 118.6m | 123.5m | 123.8m | 127.2m | 134.2m | 134.5m | 137.1m | 134.6m | 131.8m | 130.4m | 128.0m |
Goodwill | 529.9m | 529.9m | 529.9m | 529.9m | 538.4m | 538.4m | 538.4m | 538.4m | 538.4m | 538.4m | 538.4m | 538.4m | 538.4m | 538.4m |
Total Assets | 20.6b | 21.2b | 21.5b | 21.8b | 23.1b | 23.6b | 24.1b | 24.9b | 25.1b | 25.6b | 26.0b | 26.2b | 26.4b | 27.0b |
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 47.3m | 50.4m | 47.9m | 50.5m | 49.7m | 102.2m | 153.8m | 48.6m | 50.6m | 59.5m | 121.1m | 185.5m | 161.9m |
Depreciation and Amortization | 16.9m | 26.0m | 9.6m | 19.0m | 28.1m | 19.2m | |||||||
Cash From Operating Activities | 93.5m | 211.9m | 144.1m | 182.0m | 300.3m | 256.5m | |||||||
Cash From Investing Activities | 287.1m | (128.4m) | 5.4m | (86.9m) | (353.5m) | (653.2m) |
| USD | Y, 2018 |
|---|---|
EV/EBIT | 22.6 x |
EV/CFO | 19.8 x |
Webster Financial Operating Metrics
Webster Financial's Total Loans was reported to be $17.3b in Q2, 2017.
| FY, 2014 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | |
|---|---|---|---|---|---|---|---|---|
Assets Under Administration | $5.18 b | $5.18 b | $5.26 b | $5.40 b | $5.60 b | $5.64 b | $5.93 b | $6.14 b |
Non-performing Loans | $129.88 m | $139.94 m | $140.72 m | $132.91 m | $128.22 m | $134.04 m | $173.83 m | $166.37 m |
Total Loans | $13.90 b | $15.67 b | $15.86 b | $16.27 b | $16.62 b | $17.03 b | $17.09 b | $17.27 b |
Webster Financial Revenue Breakdown
Webster Financial revenue breakdown by business segment: 11.1% from HSA Bank, 49.7% from Community Banking, 37.6% from Commercial Banking and 1.5% from Other
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Webster Financial Online and Social Media Presence
6k Twitter followers
Webster Financial has 6k Twitter Followers. The number of followers has decreased 0.1% month over month
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Webster Financial News and Updates
January 03, 2019
Webster Financial Corporation Announces Fourth Quarter 2018 Earnings Release and Conference Call
WATERBURY, Conn., Jan. 3, 2019 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today the following details for its fourth quarter 2018 earnings release and conference call: Earnings Release:...
October 05, 2018
Webster Financial Corporation Announces Third Quarter 2018 Earnings Release and Conference Call
WATERBURY, Conn., Oct. 5, 2018 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today the following details for its third quarter 2018 earnings release and conference call: Earnings Release:...
July 23, 2018
Webster Financial Corporation Declares Common Dividend
WATERBURY, Conn., July 23, 2018 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that its Board of Directors declared a quarterly cash dividend of $.33 per share on its common stock. The...
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Webster Financial Blogs
October 03, 2018
How many ways can hackers attack your business today?
The answer: Plenty, with new threats evolving all the time. Cybersecurity isn’t an IT issue. It’s a business issue. And the cost of prevention is minimal compared to the cost of recovering from a cyber fraud event.
A successful Cyber Awareness Plan requires training, refresher courses, and regular…
October 01, 2018
Why employers are taking a closer look at ESOPs
Why is the Silver Tsunami creating a sea of change in closely held businesses? What makes an Employee Stock Ownership Plan a timely alternative ownership transition strategy? How does the new Main Street Employee Ownership Act make ESOPs more attractive than ever? And what four key factors can make…
September 14, 2018
Failure Can Be Inspiring. And Success Should Be Shared
How do you find the leaders of tomorrow?
At Webster Bank, the process we go through is a little different because what we’re trying to achieve goes above and beyond the norm:
We’re not only looking for people who can be great bankers; we want people who are truly good human beings.
We begin by …
Webster Financial Company Life and Culture
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Webster Financial Frequently Asked Questions
When was Webster Financial founded?
Webster Financial was founded in 1986.
Who are Webster Financial key executives?
Webster Financial's key executives are John Ciulla, Glenn MacInnes and Daniel Bley.
How many employees does Webster Financial have?
Webster Financial has 6,604 employees.
What is Webster Financial revenue?
Latest Webster Financial annual revenue is $1.2 b.
What is Webster Financial revenue per employee?
Latest Webster Financial revenue per employee is $177.6 k.
Who are Webster Financial competitors?
Competitors of Webster Financial include The Bancorp, Capital One and Merchants Bancshares.
Where is Webster Financial headquarters?
Webster Financial headquarters is located at 145 Bank St, Waterbury.
Where are Webster Financial offices?
Webster Financial has offices in Waterbury, Southbury, Watertown, Prospect and in 96 other locations.
How many offices does Webster Financial have?
Webster Financial has 146 offices.