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.
| Type | Public | |
| Founded | 1986 | |
| HQ | Waterbury, CT, US | Map |
| Website | public.websteronline.com |
Recent NewsAll News
- Sterling Bancorp to be acquired by Webster Financial in a deal valuing Sterling at more than $5 billion
- Webster Financial Corporation Announces Location Change for its 2020 Annual Meeting of Shareholders
- Webster Financial Corporation Announces the Election of Chief Executive Officer John R. Ciulla as Chairman, Effective as of the 2020 Annual Meeting of Shareholders
- Webster Financial Corporation Board Directors Named Among Most Influential
Key People/Management at Webster Financial
John R. Ciulla
Chairman, President and Chief Executive Officer, Operating Management Committee
Brian Falkowski
Relationship Manager, Vice President, Private Banking
Daniel H. Bley
Chief Risk Officer Operating Management Committee
Eileen Cahill
Senior Vice President Director of Financial Planning
Peter M. Gabriel
SVP, Head of Private Banking
Elzbieta Cieslik
Chief Audit Officer, Permanent Attendee of Operating Management Committee
Webster Financial Office Locations
Webster Financial has offices in Waterbury, Ansonia, Attleboro, Avon and in 96 other locations
Waterbury, CT, US (HQ)
145 Bank St
Ansonia, CT, US
200 Division St
Attleboro, MA, US
27 Park St
Avon, CT, US
392 W Main St
Barrington, RI, US
262 County Rd
Berlin, CT, US
346 Main St
Webster Financial Financials and Metrics
Webster Financial Revenue
Webster Financial's revenue was reported to be $285.28 m in FY, 2020
| USD | |
|---|---|
Revenue (FY, 2020) | 285.3m |
Net income (FY, 2020) | 220.6m |
Market capitalization (26-Apr-2021) | 4.9b |
Closing stock price (26-Apr-2021) | 53.8 |
Cash (31-Dec-2020) | 193.5m |
EV | 5.4b |
Webster Financial's current market capitalization is $4.9 b.
- Source: SEC Filings
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 206.9m | 177.0m | 192.8m | 191.1m | 202.1m | 239.5m | 264.5m | 259.5m | 200.7m | 285.3m | 285.3m |
Revenue growth, % | 39% | 9% | |||||||||
Sales and marketing expense | 19.0m | 18.5m | 16.8m | 15.5m | 15.4m | 16.1m | 19.7m | 17.4m | 16.8m | 16.3m | 14.1m |
Operating expense total | 107.1m | (184.1m) | 85.8m | 88.5m | 89.0m | 86.6m | 104.8m | 104.6m | 107.9m | 114.9m | 92.4m |
Quarterly
| USD | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | 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 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 65.5m | 47.3m | 44.3m | 47.0m | 46.2m | 44.0m | 47.4m | 48.5m | 48.3m | 52.3m | 46.3m | 49.8m | 47.6m | 50.9m | 57.9m | 59.9m | 61.5m | 64.0m | 65.1m | 66.4m | 63.0m | 64.6m | 65.8m | 50.8m | 50.2m | 52.2m | 53.4m | 51.8m | 45.0m | 51.6m |
Sales and marketing expense | 5.2m | 4.6m | 5.5m | 4.3m | 4.1m | 4.1m | 5.1m | 4.5m | 4.8m | 3.8m | 3.6m | 3.2m | 4.2m | 4.0m | 4.2m | 4.2m | 4.1m | 4.9m | 4.7m | 4.6m | 5.4m | 4.6m | 4.0m | 4.9m | 4.1m | 3.3m | 4.2m | 4.8m | 3.3m | 3.9m |
Operating expense total | 26.1m | 25.7m | 22.3m | 28.4m | 24.0m | 20.9m | 24.5m | 20.3m | 22.7m | 22.2m | 21.7m | 21.3m | 22.1m | 22.0m | 20.4m | 21.3m | 22.6m | 26.8m | 26.4m | 25.7m | 25.7m | 27.4m | 23.9m | 27.9m | 27.5m | 26.1m | 31.3m | 30.6m | 23.0m | 23.3m |
Depreciation and amortization | 1.2m | 1.2m | 669.0k | 432.0k | 1.3m | 1.8m | 1.6m | 1.6m | 1.5m | 1.5m | 1.1m | 1.0m | 1.0m | 962.0k | 961.0k | 962.0k | 962.0k | 961.0k | 962.0k | 1.1m |
- Source: SEC Filings
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 159.8m | 196.0m | 252.3m | 223.6m | 261.5m | 251.3m | 190.7m | 231.2m | 260.4m | 185.3m | 193.5m |
Accounts Receivable | 10.7b | 11.0b | 11.9b | 790.0k | 17.3b | 18.3b | 19.8b | 21.3b | |||
Inventories | 19.8m | ||||||||||
PP&E | 157.7m | 147.4m | 134.6m | 121.6m | 121.9m | 129.4m | 137.4m | 130.0m | 124.9m | 270.4m | 226.7m |
Quarterly
| USD | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | 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 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 179.5m | 175.0m | 170.7m | 196.2m | 168.8m | 173.0m | 197.2m | 164.6m | 118.7m | 179.1m | 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 | 222.2m | 167.6m | 190.8m | 228.0m | 198.7m | 181.5m |
Accounts Receivable | 10.5b | 10.6b | 10.7b | 10.7b | 10.8b | 11.1b | 11.3b | 11.5b | 11.8b | 12.1b | 12.3b | 12.8b | 13.1b | 13.4b | 14.1b | 14.6b | 15.0b | 15.7b | 16.1b | 16.4b | 16.9b | 17.1b | 17.2b | 17.8b | 18.1b | 18.6b | 19.1b | 19.3b | 21.4b | 21.5b |
PP&E | 164.9m | 160.8m | 155.5m | 152.0m | 148.3m | 141.1m | 137.4m | 135.4m | 127.6m | 122.7m | 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 | 128.5m | 279.6m | 278.2m | 278.6m | 258.4m | 250.5m |
Goodwill | 529.9m | 529.9m | 529.9m | 529.9m | 529.9m | 529.9m | 529.9m | 529.9m | 529.9m | 529.9m | 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 | 538.4m | 538.4m | 538.4m | 538.4m | 538.4m | 538.4m |
- Source: SEC Filings
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 74.3m | 151.4m | 173.7m | 179.5m | 199.8m | 206.3m | 207.1m | 255.4m | 360.4m | 382.7m | 220.6m |
Depreciation and Amortization | 89.5m | 83.2m | 108.5m | 97.4m | 30.6m | 34.7m | 36.4m | 37.2m | 38.8m | 37.5m | 36.6m |
Inventories | 1.4m | ||||||||||
Accounts Payable | (17.1m) | (20.6m) | 126.0m | 29.7m | (28.1m) | (23.3m) | (8.1m) |
Quarterly
| USD | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | 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 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 19.1m | 41.7m | 34.3m | 68.5m | 110.9m | 38.9m | 80.2m | 125.2m | 42.1m | 88.5m | 135.8m | 50.4m | 98.3m | 148.7m | 49.7m | 102.2m | 153.8m | 48.6m | 97.7m | 149.5m | 59.5m | 121.1m | 185.5m | 161.9m | 261.6m | 99.7m | 198.4m | 292.3m | 91.3m | 160.6m |
Depreciation and Amortization | 44.7m | 67.4m | 21.2m | 39.6m | 59.7m | 25.6m | 51.8m | 81.6m | 26.8m | 52.7m | 78.2m | 8.4m | 16.3m | 23.5m | 8.1m | 16.9m | 26.0m | 8.9m | 17.9m | 27.3m | 9.6m | 19.0m | 28.1m | 19.2m | 29.0m | 9.6m | 18.9m | 28.2m | 18.1m | 27.4m |
Accounts Payable | (6.0m) | 5.7m | (36.6m) | (10.3m) | (3.7m) | (32.6m) | (23.6m) | (16.7m) | (8.7m) | 8.6m | 19.0m | 14.6m | (27.5m) | 21.3m | (25.2m) | (23.6m) | (30.4m) | 2.6m | 5.3m | 12.4m | (23.2m) | 3.5m | (11.6m) | (1.5m) | (39.0m) | 67.2m | (43.3m) | |||
Cash From Operating Activities | 181.1m | 285.4m | 107.0m | 180.4m | 265.5m | 34.8m | 95.6m | 189.1m | 65.8m | 246.0m | 375.2m | 61.9m | 102.4m | 195.8m | 58.8m | 93.5m | 211.9m | 12.7m | 97.1m | 186.9m | 144.1m | 182.0m | 300.3m | 256.5m | 496.4m | 43.3m | 98.0m | 132.1m | 40.9m | 161.5m |
- Source: SEC Filings
| USD | Q2, 2010 |
|---|---|
Debt/Equity | 0.3 x |
Financial Leverage | 9.4 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 | $5.4 b | $5.6 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 | $13.9 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: 37.6% from Commercial Banking, 49.7% from Community Banking, 11.1% from HSA Bank and 1.5% from Other
Webster Financial Cybersecurity Score
Webster Financial Environment, Social & Governance (ESG) Ratings
Webster Financial Online and Social Media Presence
6.02k Twitter followers
Webster Financial has 6.02k Twitter Followers. The number of followers has increased 0.1% month over month and increased 0.1% quarter over quarter
Webster Financial's Trends
Twitter Engagement Stats for @WebsterBank
9.9k
Tweets
3.8k
Following
6k
Followers
25
Tweets last 30 days
6.8
Avg. likes per Tweet
80%
Tweets with engagement
Webster Financial News and Updates
April 19, 2021
Sterling Bancorp to be acquired by Webster Financial in a deal valuing Sterling at more than $5 billion
Sterling Bancorp announced Monday an agreement to be acquired by Webster Financial Corp. in a stock deal that values Sterling at more than $5 billion. Sterling shares gained 0.7% in premarket trading while Webster shares were still inactive. Under terms of the agreement, each Sterling shareholders …
April 03, 2020
Webster Financial Corporation Announces Location Change for its 2020 Annual Meeting of Shareholders
WATERBURY, Conn., April 3, 2020 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced a change in the location of the 2020 Annual Meeting of Shareholders (the "Annual Meeting"). In light of public...
January 23, 2020
Webster Financial Corporation Announces the Election of Chief Executive Officer John R. Ciulla as Chairman, Effective as of the 2020 Annual Meeting of Shareholders
WATERBURY, Conn., Jan. 23, 2020 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that James C. Smith, non-executive Chairman, has informed the Company that he will retire from the Board of Directors at the Company's...
December 20, 2019
Webster Financial Corporation Board Directors Named Among Most Influential
WATERBURY, Conn., Dec. 20, 2019 /PRNewswire/ -- Webster Financial Corporation is pleased to announce Webster Board of Directors members Elizabeth E. Flynn, E. Carol Hayles, Karen R. Osar and Lauren C. States are among WomenInc.'s 2019 Most Influential Corporate Board Directors. The...
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:...
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 R. Ciulla, Brian Falkowski and Daniel H. 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 $285.3 m.
What is Webster Financial revenue per employee?
Latest Webster Financial revenue per employee is $87.4 k.
Who are Webster Financial competitors?
Competitors of Webster Financial include The Bancorp, Old Point Financial and Synovus Financial.
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.
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