Webster Financial Corporation (WBS) |
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Price: $48.0300
$-0.07
-0.146%
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Day's High:
| $48.76
| Week Perf:
| -1.6 %
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Day's Low: |
$ 47.81 |
30 Day Perf: |
2.1 % |
Volume (M): |
2,010 |
52 Wk High: |
$ 53.39 |
Volume (M$): |
$ 96,531 |
52 Wk Avg: |
$42.49 |
Open: |
$47.81 |
52 Wk Low: |
$31.03 |
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Market Capitalization (Millions $) |
8,489 |
Shares
Outstanding (Millions) |
177 |
Employees |
2,946 |
Revenues (TTM) (Millions $) |
2,501 |
Net Income (TTM) (Millions $) |
868 |
Cash Flow (TTM) (Millions $) |
876 |
Capital Exp. (TTM) (Millions $) |
40 |
Webster Financial Corporation
Webster delivers financial services to individuals, families, and businesses
primarily from New York to Massachusetts. Webster provides business and consumer
banking, mortgage lending, financial planning, trust, and investment services
through 163 banking offices, 316 ATMs, telephone banking, mobile banking, and
its internet website (www.websterbank.com). Webster also offers equipment financing,
commercial real estate lending, and asset-based lending primarily across the
Northeast. On a nationwide basis, through its HSA Bank division, Webster Bank
offers and administers health savings accounts, and flexible spending, health
reimbursement, and commuter benefit accounts.
The core of our Companys value proposition is the service delivery model that
comes to life through our brand promise, “Living Up to You,” which
encapsulates how our bankers build meaningful relationships with our customers
through a deeper understanding of their lives beyond the bank. This value proposition
is delivered by our bankers who are knowledgeable, are deeply committed to the
communities that we serve, know their markets well, and make decisions at the
local level. We operate with a local market orientation as a community-focused,
values-guided regional bank. Operating objectives include acquiring and developing
high value customer relationships through sales specialists, universal bankers,
marketing, and cross-sale efforts to fuel organic growth and expand contiguously.
Market risk refers to the risk of loss arising from adverse changes in interest
rates, foreign currency exchange rates, commodity prices, and other relevant
market rates and prices, such as equity prices. The risk of loss is assessed
from the perspective of adverse changes in fair values, cash flows, and future
earnings. Due to the nature of its operations, Webster is primarily exposed
to interest rate risk. Websters interest rate sensitivity is monitored on an
ongoing basis by its Asset and Liability Committee (“ALCO”). ALCOs
primary goal is to manage interest rate risk to maximize earnings and net economic
value in changing interest rate and business environments within risk appetite
limits approved by the Board of Directors. ALCO is chaired by Websters Corporate
Treasurer and members include the CEO, CFO and CRO. ALCO activities and findings
are regularly reported to the ERMC, Risk Committee and Board of Directors.
Webster Financial Corporations direct subsidiaries include Webster Bank, Webster
Wealth Advisors, Inc., and Webster Licensing, LLC. The Company also owns all
of the outstanding common stock of Webster Statutory Trust, an unconsolidated
financial vehicle that has issued, and may in the future issue, trust preferred
securities.
Additionally, Webster Banks direct subsidiaries include Webster Mortgage Investment
Corporation ("WMIC"), Webster Business Credit Corporation (“WBCC”),
and Webster Capital Finance, Inc. (“WCF”). Webster Bank is the primary
source of community banking activity within the consolidated group. Residential
mortgage origination activity is conducted through Webster Bank. WMIC is a passive
investment subsidiary whose primary function is to provide servicing on qualified
passive investments, such as residential real estate and commercial mortgage
real estate loans acquired from Webster Bank. Various commercial lending products
are provided through Webster Bank and its subsidiaries to clients primarily
within our regional footprint from New York to Massachusetts. WBCC provides
asset-based lending services. WCF provides equipment financing for end users
of equipment. Webster Bank also has various other subsidiaries that are not
significant to the consolidated group.
Company Address: 200 Elm Street Stamford 6902 CT
Company Phone Number: 578-2202 Stock Exchange / Ticker: NYSE WBS
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Customers Net Income grew by |
WBS's Customers Net Profit Margin grew to |
14.09 % |
10.52 %
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Stock Performances by Major Competitors |
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Webster Financial Corporation
Webster Financial Corporation Faces Declining Revenue and Earnings Webster Financial Corporation has recently announced its financial report for the fourth quarter of 2023, revealing concerning figures. The company reported a significant drop in revenue by -9.48% to $598.84 million, compared to $641.02 million in the previous quarter. This decline in revenue is worrisome, especially when compared to the Commercial Banks sector, which experienced a 0.15% growth in the same quarter. Moreover, Webster Financial Corporation's earnings per share (EPS) only grew by 29.87% to $1.06, which is significantly lower compared to the industry's average. In the preceding quarter, the company achieved a bottom line of $1.28 per share, indicating a decline in profitability. This downward trend is reinforced by the company's net earnings in the fourth quarter of 2023, which fell by -24.25% to $185.393 million from $244.751 million in the same period the previous year.
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Merger and Acquisition
Published Thu, Dec 14 2023 9:30 PM UTC
Webster Financial Corporation Strengthens Medical Insurance Services with Acquisition of Ametros Financial Corp STAMFORD, Conn. ? In a bold move to expand its presence and enhance its medical insurance services, Webster Financial Corporation (NYSE: WBS) announced today that its principal bank subsidiary, Webster Bank, N.A. (Webster), has entered into a definitive agreeme...
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Webster Financial Corporation
Webster Financial Corporation, the holding company for Webster Bank, N.A. and its HSA Bank division, has seen a solid gain in its shares over the past five trading days and the past 12 months. The shares recorded an impressive increase of 7.56% during the past five trading days and a remarkable 54.55% gain over the past year. In addition, the shares are currently trading 31.6% above their 52-week low. However, despite these positive gains, the company's recent financial report for the quarter ending September 30, 2023, showed some mixed results. While the company experienced a revenue improvement of 2.055%, the report indicated a decline of -2.29% in income compared to the same reporting season last year. The revenue for this period was $641.02 million, with earnings per share (EPS) at $1.28.
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Dividend
Published Fri, Oct 27 2023 9:40 PM UTC
In a recent press release, Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced a revision in its previously declared dividend distribution. The corrected information rectifies an erroneous date and provides investors with updated details regarding the quarterly cash dividend on common stock. This...
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Webster Financial Corporation
Webster Financial Corporation, a leading financial services provider, has showcased impressive financial performance in the second quarter of 2023. With a revenue growth of 7.786% to $641.71 million compared to $595.35 million in the previous year, the company has demonstrated its ability to generate substantial revenues. Additionally, Webster Financial Corporation recorded a notable profit growth of 32% to $1.32 per share, surpassing the prior year's earnings of $1.00 per share. While the company's revenue growth was noteworthy, it fell slightly below the industry average. In comparison to the Commercial Banks industry, which experienced a top-line increase of 12.75% during the corresponding reporting period a year ago, Webster Financial Corporation's growth was comparatively modest. However, it is essential to highlight that the company's growth still remains impressive in absolute terms.
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Per Share |
Current |
Earnings (TTM) |
4.9 $ |
Revenues (TTM) |
14.15 $
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Cash Flow (TTM) |
4.96 $ |
Cash |
2.43 $
|
Book Value |
49.17 $
|
Dividend (TTM) |
1.57 $ |
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Per Share |
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Earnings (TTM) |
4.9 $
|
Revenues (TTM) |
14.15 $ |
Cash Flow (TTM) |
4.96 $ |
Cash |
2.43 $
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Book Value |
49.17 $ |
Dividend (TTM) |
1.57 $ |
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