NYSE : WBS
Webster Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 77.57 USD (At close: Aug 19, 2026) · Market cap 12.57B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 3.15B | 3.12B | 3.20B | 3.07B | 1.95B | 762.96M |
| Interest Income on Investments | 901.17M | 898.74M | 730.91M | 556.15M | 338.10M | 179.88M |
| Total Interest Income | 4.06B | 4.02B | 3.93B | 3.63B | 2.28B | 942.84M |
| Interest Paid on Deposits | 1.34B | 1.37B | 1.43B | 1.02B | 138.55M | 20.13M |
| Interest Paid on Borrowings | 180.35M | 157.91M | 161.69M | 269.57M | 111.90M | 21.62M |
| Total Interest Expense | 1.52B | 1.52B | 1.59B | 1.29B | 250.45M | 41.76M |
| Net Interest Income | 2.53B | 2.50B | 2.34B | 2.34B | 2.03B | 901.09M |
| Trust Income | 30.15M | 30.98M | 33.23M | 29.00M | 40.28M | 39.59M |
| Mortgage Banking Activities | 6.22M | |||||
| Gain (Loss) on Sale of Assets | 11.65M | |||||
| Gain (Loss) on Sale of Investments | 220.00K | -134.72M | -33.62M | -6.75M | ||
| Other Non-Interest Income | 217.22M | 198.66M | 180.59M | 149.64M | 208.78M | 114.86M |
| Total Non-Interest Income | 409.20M | 387.75M | 251.90M | 314.34M | 440.78M | 323.37M |
| Revenues Before Loan Losses | 2.94B | 2.89B | 2.59B | 2.65B | 2.48B | 1.22B |
| Provision for Loan Losses | 171.50M | 210.00M | 222.00M | 150.75M | 280.62M | -54.50M |
| Revenue | 2.77B | 2.68B | 2.37B | 2.50B | 2.19B | 1.28B |
| Salaries and Employee Benefits | 811.50M | 764.92M | 707.65M | 657.66M | 590.52M | 392.34M |
| Occupancy Expenses | 33.94M | 33.76M | 31.95M | 39.25M | 10.94M | 23.51M |
| Federal Deposit Insurance | 65.09M | 61.32M | 58.59M | 50.92M | 26.57M | 15.79M |
| Amortization of Goodwill & Intangibles | 36.16M | 36.30M | 36.08M | 36.21M | 31.94M | 4.51M |
| Selling, General & Administrative | 388.39M | 387.27M | 364.23M | 416.41M | 319.55M | 193.60M |
| Other Non-Interest Expense | 163.69M | 156.00M | 139.31M | 168.75M | 147.39M | 76.69M |
| Total Non-Interest Expense | 1.50B | 1.44B | 1.34B | 1.37B | 1.13B | 706.45M |
| EBT Excluding Unusual Items | 1.27B | 1.24B | 1.03B | 1.13B | 1.07B | 572.51M |
| Asset Writedown | -23.10M | -1.20M | ||||
| Legal Settlements | 4.00M | 4.00M | ||||
| Other Unusual Items | 20.77M | 20.09M | -10.32M | -47.16M | ||
| Pretax Income | 1.28B | 1.26B | 1.02B | 1.08B | 797.98M | 533.86M |
| Income Tax Expense | 259.10M | 257.35M | 248.30M | 216.66M | 153.69M | 125.00M |
| Net Income | 1.02B | 1.00B | 768.71M | 867.84M | 644.28M | 408.86M |
| Preferred Dividends & Other Adjustments | 28.55M | 27.94M | 24.63M | 24.57M | 21.59M | 10.18M |
| Net Income to Common | 991.50M | 974.86M | 744.08M | 843.27M | 622.69M | 398.69M |
| Basic Shares Outstanding | 160.96M | 164.84M | 169.82M | 171.78M | 167.45M | 89.98M |
| Diluted Shares Outstanding | 161.29M | 165.21M | 170.19M | 171.88M | 167.55M | 90.21M |
| EPS (Basic) | 6.16 | 5.91 | 4.38 | 4.91 | 3.72 | 4.43 |
| EPS (Diluted) | 6.14 | 5.90 | 4.37 | 4.91 | 3.72 | 4.42 |
| Dividend Per Share | 1.60 | 1.60 | 1.60 | 1.60 | 1.60 | 1.60 |
| Effective Tax Rate | 20.26% | 20.42% | 24.41% | 19.98% | 19.26% | 23.41% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.56B | 2.35B | 2.07B | 1.72B | 839.94M | 461.57M |
| Investment Securities | 2.93B | 3.01B | 3.08B | 4.57B | 5.13B | 1.24B |
| Trading Asset Securities | 81.08M | 19.05M | 42.50M | |||
| Mortgage-Backed Securities | 16.89B | 16.51B | 15.80B | 12.65B | 10.20B | 9.30B |
| Total Investments | 19.82B | 19.60B | 18.90B | 17.26B | 15.33B | 10.54B |
| Gross Loans | 57.87B | 56.60B | 52.51B | 50.73B | 49.76B | 22.27B |
| Allowance for Loan Losses | -723.85M | -719.41M | -689.57M | -635.74M | -594.74M | -301.19M |
| Net Loans | 57.14B | 55.88B | 51.82B | 50.09B | 49.17B | 21.97B |
| Property, Plant & Equipment | 429.27M | 432.04M | 406.96M | 429.56M | 430.18M | 204.56M |
| Goodwill | 2.90B | 2.90B | 2.87B | 2.63B | 2.51B | 538.37M |
| Other Intangible Assets | 290.51M | 313.23M | 334.30M | 203.13M | 199.34M | 17.87M |
| Loans Held for Sale | 13.19M | 14.89M | 27.63M | 6.54M | 1.99M | 4.69M |
| Accrued Interest Receivable | 352.60M | 348.10M | 330.70M | 337.80M | 287.40M | 79.40M |
| Restricted Cash | 167.30M | 98.30M | ||||
| Other Current Assets | 3.20M | 1.80M | 5.10M | 3.70M | 4.80M | 490.00K |
| Long-Term Deferred Tax Assets | 225.13M | 195.74M | 316.86M | 369.21M | 371.63M | 109.41M |
| Other Real Estate Owned & Foreclosed | 1.15M | 1.47M | 425.00K | 9.06M | 2.35M | 2.81M |
| Other Long-Term Assets | 1.89B | 1.81B | 1.85B | 1.79B | 1.90B | 976.65M |
| Total Assets | 85.95B | 84.07B | 79.03B | 74.95B | 71.28B | 34.92B |
| Accrued Expenses | 638.88M | 442.94M | 503.93M | 484.88M | 879.18M | 221.73M |
| Interest Bearing Deposits | 58.67B | 57.18B | 53.03B | 48.83B | 39.18B | 22.53B |
| Institutional Deposits | 1.61B | 1.49B | 1.41B | 1.22B | 1.89B | 256.52M |
| Non-Interest Bearing Deposits | 10.00B | 10.08B | 10.32B | 10.73B | 12.97B | 7.06B |
| Total Deposits | 70.28B | 68.76B | 64.75B | 60.78B | 54.05B | 29.85B |
| Short-Term Borrowings | 73.39M | 743.34M | 623.77M | 738.25M | 1.15B | 474.90M |
| Current Portion of Long-Term Debt | 3.65B | 2.97B | 2.48B | 5.45B | 90.00K | |
| Current Portion of Leases | 16.39M | 36.36M | ||||
| Long-Term Debt | 659.85M | 662.13M | 831.87M | 838.95M | 995.81M | 685.61M |
| Federal Home Loan Bank Debt, Long-Term | 11.25M | 10.72M | 2.11B | 10.02M | 10.37M | 10.91M |
| Long-Term Leases | 210.39M | 166.38M | 193.19M | 222.44M | 239.28M | 144.80M |
| Trust Preferred Securities | 77.32M | 77.32M | 77.32M | 77.32M | 77.32M | 77.32M |
| Long-Term Unearned Revenue | 25.30M | 22.80M | ||||
| Pension & Post-Retirement Benefits | 17.22M | 17.27M | 26.81M | 27.07M | 3.78M | |
| Other Long-Term Liabilities | 566.96M | 669.91M | 758.54M | 589.76M | 335.96M | 11.11M |
| Total Liabilities | 76.19B | 74.58B | 69.89B | 66.26B | 63.22B | 31.48B |
| Preferred Stock, Redeemable | 283.98M | 283.98M | 283.98M | 283.98M | 283.98M | 145.04M |
| Common Stock | 1.83M | 1.83M | 1.83M | 1.83M | 1.83M | 937.00K |
| Additional Paid-In Capital | 6.15B | 6.18B | 6.18B | 6.18B | 6.17B | 1.11B |
| Retained Earnings | 4.84B | 4.48B | 3.76B | 3.28B | 2.71B | 2.33B |
| Treasury Stock | -1.07B | -1.10B | -536.84M | -507.52M | -431.76M | -126.95M |
| Comprehensive Income & Other | -447.72M | -350.84M | -556.38M | -550.57M | -684.96M | -22.58M |
| Total Common Equity | 9.48B | 9.21B | 8.85B | 8.41B | 7.77B | 3.29B |
| Shareholders' Equity | 9.76B | 9.49B | 9.13B | 8.69B | 8.06B | 3.44B |
| Total Liabilities & Equity | 85.95B | 84.07B | 79.03B | 74.95B | 71.28B | 34.92B |
| Total Debt | 4.70B | 4.67B | 3.84B | 4.37B | 7.92B | 1.39B |
| Net Cash (Debt) | -2.14B | -2.23B | -1.74B | -2.61B | -7.08B | -932.06M |
| Net Cash Per Share | -13.29 | -13.52 | -10.24 | -15.19 | -42.29 | -10.33 |
| Filing Date Shares Outstanding | 162.03M | 161.23M | 171.35M | 171.75M | 174.01M | 179.59M |
| Total Common Shares Outstanding | 162.03M | 161.22M | 171.39M | 172.02M | 174.01M | 90.58M |
| Book Value Per Share | 58.49 | 57.12 | 51.63 | 48.87 | 44.67 | 36.36 |
| Tangible Book Value | 6.29B | 6.00B | 5.65B | 5.57B | 5.06B | 2.74B |
| Tangible Book Value Per Share | 38.81 | 37.20 | 32.95 | 32.39 | 29.07 | 30.22 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.02B | 1.00B | 768.71M | 867.84M | 644.28M | 408.86M |
| Depreciation & Amortization | 76.91M | 73.35M | 71.53M | 76.49M | 82.67M | 41.51M |
| Gain (Loss) on Sale of Assets | -11.65M | -1.98M | ||||
| Gain (Loss) on Sale of Investments | -29.22M | -59.30M | 107.08M | 82.13M | 24.74M | 136.99M |
| Provision for Credit Losses | 171.50M | 210.00M | 222.00M | 150.75M | 280.62M | -54.50M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -273.00K | -1.77M | -48.06M | 563.00K | 3.23M | 12.57M |
| Change in Trading Asset Securities | 46.45M | -185.00M | 20.53M | -73.30M | 536.82M | 173.51M |
| Accrued Interest Receivable | 37.18M | 37.18M | 246.75M | -13.77M | -106.74M | -69.26M |
| Change in Other Net Operating Assets | -50.92M | -122.89M | -63.09M | -141.62M | -178.34M | 23.64M |
| Other Operating Activities | 36.30M | 46.96M | 19.39M | -24.52M | -5.43M | 7.47M |
| Operating Cash Flow | 1.37B | 1.06B | 1.40B | 978.65M | 1.34B | 688.59M |
| Capital Expenditures | -52.97M | -49.57M | -35.84M | -40.30M | -28.76M | -16.59M |
| Sale of Property, Plant and Equipment | 3.64M | 4.34M | 6.77M | 6.89M | 300.00K | 3.22M |
| Cash Acquisitions | -30.83M | -30.83M | -359.46M | -157.65M | 459.55M | |
| Investment in Securities | -660.22M | -424.93M | -1.63B | -1.52B | -596.48M | -1.71B |
| Purchase / Sale of Intangibles | 564.00K | 18.59M | ||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -4.09B | -4.23B | -1.92B | -1.03B | -6.82B | -691.26M |
| Other Investing Activities | -1.29M | -14.44M | 48.42M | 143.15M | -199.10M | 12.83M |
| Investing Cash Flow | -4.83B | -4.75B | -3.87B | -2.60B | -7.19B | -2.41B |
| Long-Term Debt Issued | 1.47B | 5.90B | ||||
| Long-Term Debt Repaid | -499.00M | -496.68M | -3.81B | -442.63M | ||
| Net Debt Issued (Repaid) | -129.69M | 971.57M | -496.68M | -3.81B | 5.90B | -442.63M |
| Issuance of Common Stock | 67.00K | 67.00K | 254.00K | 1.72M | 703.00K | 3.49M |
| Repurchase of Common Stock | -365.47M | -616.42M | -82.62M | -124.26M | -345.76M | -4.38M |
| Common Dividends Paid | -260.30M | -266.83M | -274.55M | -278.15M | -247.77M | -144.81M |
| Preferred Dividends Paid | -16.65M | -16.65M | -16.65M | -16.65M | -13.72M | -7.88M |
| Total Dividends Paid | -276.95M | -283.48M | -291.19M | -294.81M | -261.49M | -152.68M |
| Net Increase (Decrease) in Deposit Accounts | 3.97B | 4.01B | 3.70B | 6.72B | 936.00M | 2.51B |
| Other Financing Activities | -1.84M | -13.08M | -4.05M | |||
| Financing Cash Flow | 3.20B | 4.06B | 2.82B | 2.49B | 6.23B | 1.91B |
| Net Cash Flow | -271.49M | 375.09M | 358.64M | 875.85M | 378.37M | 198.47M |
| Free Cash Flow | 1.31B | 1.01B | 1.37B | 938.35M | 1.31B | 672.00M |
| Free Cash Flow Margin | 47.44% | 37.69% | 57.78% | 37.52% | 59.57% | 52.54% |
| Free Cash Flow Per Share | 8.15 | 6.11 | 8.04 | 5.46 | 7.80 | 7.45 |
| Cash Interest Paid | 1.52B | 1.55B | 1.61B | 1.25B | 240.85M | 42.15M |
| Cash Income Tax Paid | 80.96M | 85.39M | 124.82M | 234.55M | 193.54M | 112.59M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 12.57B | 10.15B | 9.47B | 8.73B | 8.24B | 5.06B |
| Last Close Price | 77.57 | 61.94 | 52.80 | 46.94 | 42.10 | 48.12 |
| PE Ratio | 12.62 | 10.41 | 12.72 | 10.36 | 13.23 | 12.69 |
| PS Ratio | 4.54 | 3.79 | 4.00 | 3.49 | 3.75 | 3.96 |
| PB Ratio | 1.33 | 1.07 | 1.04 | 1.00 | 1.02 | 1.47 |
| P/FCF Ratio | 9.57 | 10.06 | 6.92 | 9.31 | 6.30 | 7.53 |
| P/OCF Ratio | 9.20 | 9.59 | 6.74 | 8.92 | 6.17 | 7.35 |
| Debt / Equity Ratio | 0.48 | 0.49 | 0.42 | 0.50 | 0.98 | 0.41 |
| Debt / FCF Ratio | 3.58 | 4.63 | 2.80 | 4.66 | 6.06 | 2.07 |
| Net Debt / Equity Ratio | 0.22 | 0.23 | 0.19 | 0.30 | 0.88 | 0.27 |
| Net Debt / FCF Ratio | 1.63 | 2.21 | 1.27 | 2.78 | 5.42 | 1.39 |
| Return on Equity (ROE) | 10.68% | 10.77% | 8.63% | 10.37% | 11.21% | 12.25% |
| Return on Assets (ROA) | 1.21% | 1.23% | 1.00% | 1.19% | 1.21% | 1.21% |
| Earnings Yield | 7.89% | 9.88% | 8.12% | 9.94% | 7.82% | 8.08% |
| FCF Yield | 10.45% | 9.93% | 14.46% | 10.74% | 15.87% | 13.29% |
| Dividend Yield | 2.06% | 2.54% | 2.90% | 3.15% | 3.38% | 2.86% |
| Payout Ratio | 26.04% | 28.27% | 37.88% | 33.97% | 40.59% | 37.34% |
| Buyback Yield / Dilution | 4.53% | 2.93% | 0.98% | -2.59% | -85.74% | -0.06% |
| Total Shareholder Return | 6.59% | 5.47% | 3.88% | 0.56% | -82.36% | 2.80% |