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Webster Financial

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. 

TypePublic
Founded1986
HQWaterbury, USMap
Websitepublic.websteronline.com
View Jobs (116)

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Latest Updates

Employees (est.) (Dec 2018)3,265(-50%)
Job Openings116
Revenue (FY, 2018)$200.7 M(-22%)
Share Price (Nov 2019)$48.7 (+3%)

Key People/Management at Webster Financial

John Ciulla

John Ciulla

President and Chief Executive Officer of Webster Financial Corporation and Webster Bank
Glenn MacInnes

Glenn MacInnes

Executive Vice President and Chief Financial Officer of Webster Financial Corporation and Webster Bank
Daniel Bley

Daniel Bley

Executive Vice President and Chief Risk Officer of Webster Financial Corporation and Webster Bank
Colin Eccles

Colin Eccles

Executive Vice President and Chief Information Officer of Webster Financial Corporation and Webster Bank
Bernard Garrigues

Bernard Garrigues

Executive Vice President and Chief Human Resources Officer of Webster Financial Corporation and Webster Bank
John Guy

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, Ansonia, Attleboro, Avon 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
346 Main St
Show all (146)

Webster Financial Financials and Metrics

Webster Financial Revenue

Webster Financial's revenue was reported to be $200.67 m in FY, 2018
USD

Revenue (Q2, 2019)

53.4m

Net income (Q2, 2019)

98.6m

Market capitalization (7-Nov-2019)

4.5b

Closing stock price (7-Nov-2019)

48.7

Cash (30-Jun-2019)

190.8m

EV

4.8b
Webster Financial's current market capitalization is $4.5 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

206.9m177.0m192.8m191.1m202.1m239.5m264.5m259.5m200.7m

Revenue growth, %

39%9%

Sales and marketing expense

19.0m18.5m16.8m15.5m15.4m16.1m19.7m17.4m16.8m

Operating expense total

107.1m105.5m85.8m88.5m89.0m86.6m104.8m104.6m107.9m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

65.5m47.3m44.3m47.0m46.2m44.0m47.4m48.5m48.3m52.3m46.3m49.8m47.6m50.9m57.9m59.9m61.5m64.0m65.1m66.4m63.0m64.6m65.8m50.8m50.2m52.2m53.4m

Sales and marketing expense

5.2m4.6m5.5m4.3m4.1m4.1m5.1m4.5m4.8m3.8m3.6m3.2m4.2m4.0m4.2m4.2m4.1m4.9m4.7m4.6m5.4m4.6m4.0m4.9m4.1m3.3m4.2m

Operating expense total

26.1m25.7m22.3m28.4m24.0m20.9m24.5m20.3m22.7m22.2m21.7m21.3m22.1m22.0m20.4m21.3m22.6m26.8m26.4m25.7m25.7m27.4m23.9m27.9m27.5m26.1m31.3m

EBIT

34.2m42.4m38.9m41.2m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

159.8m196.0m252.3m223.6m261.5m251.3m190.7m231.2m260.4m

Accounts Receivable

10.7b11.0b11.9b790.0k17.3b18.3b

Inventories

19.8m

PP&E

157.7m147.4m134.6m121.6m121.9m129.4m137.4m130.0m124.9m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

179.5m175.0m170.7m196.2m168.8m173.0m197.2m164.6m118.7m179.1m266.7m251.9m287.9m207.1m234.0m205.7m251.9m198.2m225.0m200.0m184.0m231.8m215.2m228.6m222.2m167.6m190.8m

Accounts Receivable

10.5b10.6b10.7b10.7b10.8b11.1b11.3b11.5b11.8b12.1b12.3b12.8b13.1b13.4b14.1b14.6b15.0b15.7b16.1b16.4b16.9b17.1b17.2b17.8b18.1b18.6b19.1b

PP&E

164.9m160.8m155.5m152.0m148.3m141.1m137.4m135.4m127.6m122.7m121.3m121.5m119.8m118.6m123.5m123.8m127.2m134.2m134.5m137.1m134.6m131.8m130.4m128.0m128.5m279.6m278.2m

Goodwill

529.9m529.9m529.9m529.9m529.9m529.9m529.9m529.9m529.9m529.9m529.9m529.9m529.9m529.9m538.4m538.4m538.4m538.4m538.4m538.4m538.4m538.4m538.4m538.4m538.4m538.4m538.4m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

74.3m151.4m173.7m179.5m199.8m206.3m207.1m255.4m360.4m

Depreciation and Amortization

89.5m83.2m108.5m97.4m30.6m34.7m36.4m33.1m34.9m

Inventories

1.4m

Accounts Payable

(17.1m)(20.6m)126.0m29.7m(28.1m)
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

19.1m41.7m34.3m68.5m110.9m38.9m80.2m125.2m42.1m88.5m135.8m50.4m98.3m148.7m49.7m102.2m153.8m48.6m97.7m149.5m59.5m121.1m185.5m161.9m261.6m99.7m198.4m

Depreciation and Amortization

44.7m67.4m21.2m39.6m59.7m25.6m51.8m81.6m26.8m52.7m78.2m8.4m16.3m23.5m8.1m16.9m26.0m8.9m17.9m27.3m9.6m19.0m28.1m19.2m29.0m9.6m18.9m

Accounts Payable

(6.0m)5.7m(36.6m)(10.3m)(3.7m)(32.6m)(23.6m)(16.7m)(8.7m)8.6m19.0m14.6m(27.5m)21.3m(25.2m)(23.6m)(30.4m)2.6m5.3m12.4m(23.2m)3.5m(11.6m)(1.5m)

Cash From Operating Activities

181.1m285.4m107.0m180.4m265.5m34.8m95.6m189.1m65.8m246.0m375.2m61.9m102.4m195.8m58.8m93.5m211.9m12.7m97.1m186.9m144.1m182.0m300.3m256.5m496.4m43.3m98.0m
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USDY, 2019

EV/CFO

49.3 x

Debt/Equity

0.2 x

Financial Leverage

9.4 x
Show all financial metrics

Webster Financial Operating Metrics

Webster Financial's Total Loans was reported to be $17.3b in Q2, 2017.
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 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
Show all operating metrics

Webster Financial Revenue Breakdown

Embed Graph

Webster Financial revenue breakdown by business segment: 37.6% from Commercial Banking, 49.7% from Community Banking, 11.1% from HSA Bank and 1.5% from Other

Webster Financial Online and Social Media Presence

Webster Financial's Trends

Embed Graph

Webster Financial News and Updates

October 29, 2019

Webster Financial Corporation Announces Increase in Share Repurchase Program Authority

WATERBURY, Conn., Oct. 29, 2019 /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 has increased its repurchase authority to $200 million in shares of Webster common...
June 24, 2019

Webster Financial Corporation Announces Second Quarter 2019 Earnings Release and Conference Call

WATERBURY, Conn., June 24, 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 second quarter 2019 earnings release and conference call: Earnings Release:...
March 20, 2019

Webster Financial Corporation Announces Pricing of Senior Notes Offering

WATERBURY, Conn., March 20, 2019 /PRNewswire/ -- Webster Financial Corporation ("Webster") (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that it priced its underwritten public offering of $300 million aggregate principal amount of...
March 19, 2019

Webster Financial Corporation Announces First Quarter 2019 Earnings Release and Conference Call

WATERBURY, Conn., March 19, 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 first quarter 2019 earnings release and conference call: Earnings Release:...
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:...
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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 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 3,265 employees.

  • What is Webster Financial revenue?

    Latest Webster Financial annual revenue is $200.7 m.

  • What is Webster Financial revenue per employee?

    Latest Webster Financial revenue per employee is $61.5 k.

  • Who are Webster Financial competitors?

    Competitors of Webster Financial include The Bancorp, Horizon Bancorp and Capital One.

  • 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, Ansonia, Attleboro, Avon and in 96 other locations.

  • How many offices does Webster Financial have?

    Webster Financial has 146 offices.