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
HQWaterbury, US
Founded1986
Size (employees)3,302 (est)+5%
Websitepublic.websteronline.com
Webster Financial was founded in 1986 and is headquartered in Waterbury, US
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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, Watertown, Branford, East Haven 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
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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 (14-Nov-2018)

5.5b

Closing stock price (14-Nov-2018)

59.2

Cash (30-Jun-2018)

228.6m

EV

5.5b
Webster Financial's current market capitalization is $5.5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

718.9m999.6m1.1b1.2b

Revenue growth, %

39%9%

Cost of goods sold

95.4m103.4m117.3m

Gross profit

904.2m983.0m1.1b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Revenue

218.0m227.6m225.1m230.8m240.8m246.8m253.5m266.4m267.5m272.1m282.7m291.3m296.9m328.9m

Cost of goods sold

21.8m22.5m22.4m22.5m23.1m23.5m24.0m26.2m25.5m25.5m27.0m29.0m30.1m35.5m

Gross profit

196.2m205.1m202.7m208.3m217.7m223.4m229.5m240.2m242.0m246.6m255.7m262.3m266.8m293.4m

Gross profit Margin, %

90%90%90%90%90%90%91%90%90%91%90%90%90%89%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

223.6m261.5m251.3m190.7m

Accounts Receivable

790.0k

Inventories

19.8m

PP&E

121.6m121.9m129.4m137.4m130.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Cash

266.7m251.9m287.9m207.1m234.0m205.7m251.9m198.2m225.0m200.0m184.0m231.8m215.2m228.6m

PP&E

121.3m121.5m119.8m118.6m123.5m123.8m127.2m134.2m134.5m137.1m134.6m131.8m130.4m128.0m

Goodwill

529.9m529.9m529.9m529.9m538.4m538.4m538.4m538.4m538.4m538.4m538.4m538.4m538.4m538.4m

Total Assets

20.6b21.2b21.5b21.8b23.1b23.6b24.1b24.9b25.1b25.6b26.0b26.2b26.4b27.0b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

179.5m199.8m206.3m207.1m255.4m

Depreciation and Amortization

97.4m30.6m34.7m36.4m37.2m

Inventories

1.4m

Accounts Payable

126.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Net Income

47.3m50.4m47.9m50.5m49.7m102.2m153.8m48.6m50.6m59.5m121.1m185.5m161.9m

Depreciation and Amortization

16.9m26.0m9.6m19.0m28.1m19.2m

Cash From Operating Activities

93.5m211.9m144.1m182.0m300.3m256.5m

Cash From Investing Activities

287.1m(128.4m)5.4m(86.9m)(353.5m)(653.2m)
USDY, 2018

EV/EBIT

24.3 x

EV/CFO

21.3 x
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Webster Financial Operating Metrics

Webster Financial's Total Loans was reported to be $17.3b in Q2, 2017.
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Webster Financial Revenue Breakdown

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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

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Webster Financial Blogs

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…

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…

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 3,302 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 $355.3 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, Watertown, Branford, East Haven and in 96 other locations.

  • How many offices does Webster Financial have?

    Webster Financial has 146 offices.