Webster Financial Corporation (N:WBS)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 200 Elm Street STAMFORD CT 06902 |
| Tel: | 1-212-3097646 |
| Website: | https://public.websteronline.com |
| IR: | See website |
| Key People | ||
| John R. Ciulla Chairman of the Board, Chief Executive Officer of the Company and Bank, President of the Bank | James Griffin Head of Consumer Banking | Luis Massiani President of the Company and Webster Bank, Senior Executive Vice President, Chief Operating Officer of the Company and Webster Bank |
| Glenn I. MacInnes Chief Financial Officer | Christopher J. Motl President of Commercial Banking of the Company and Webster Bank | Javier L. Evans Chief Human Resource Officer of the Company and Webster Bank |
| Vikram Nafde Chief Information Officer | Daniel H. Bley Chief Risk Officer | Kristy Berner General Counsel, Corporate Secretary | Elzbieta Cieslik Chief Audit Officer |
| Business Overview |
| Webster Financial Corporation is the holding company for Webster Bank, N.A. and its HSA Bank division. The Company's segments include Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment serves businesses with more than two million dollars of revenue through its commercial real estate and equipment finance, business banking, asset-based lending and commercial services, private banking, treasury management and other business units. The HSA Bank segment offers a comprehensive consumer-directed employee benefit and healthcare solution that includes health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter benefits. The Consumer Banking segment operates a distribution network, throughout southern New England and the New York metro and suburban markets, that comprises approximately 198 banking centers and 349 automated teller machines, a customer care center and a full range of Web and mobile-based banking services. |
| Financial Overview |
| For the three months ended 31 March 2024, Webster Financial Corporation interest income increased 15% to $951.9M. Net interest income after loan loss provision decreased 5% to $522.2M. Net income applicable to common stockholders decreased 1% to $212.2M. Net interest income after loan loss provision reflects Commercial Banking segment decrease from $348.3M to $0K, Net Interest Margin, Total -% decrease of 8% to 3.35%. |
| Employees: | 4,131 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $9,051M as of Mar 31, 2024 |
| Annual revenue (TTM): | $2,797M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,512M as of Mar 31, 2024 |
| Net annual income (TTM): | $628.27M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $39.85M as of Mar 31, 2024 |
| Shares outstanding: | 172,464,000 as of Mar 31, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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