Webster Financial Corporation (WBS)
| Market Cap | 7.95B |
| Revenue (ttm) | 2.42B |
| Net Income (ttm) | 785.24M |
| Shares Out | 171.43M |
| EPS (ttm) | 4.60 |
| PE Ratio | 10.09 |
| Forward PE | 8.45 |
| Dividend | $1.60 (3.45%) |
| Ex-Dividend Date | Jul 29, 2024 |
| Volume | 645,464 |
| Open | 46.54 |
| Previous Close | 46.12 |
| Day's Range | 46.16 - 46.94 |
| 52-Week Range | 36.36 - 53.39 |
| Beta | 1.27 |
| Analysts | Buy |
| Price Target | 55.25 (+19.1%) |
| Earnings Date | Oct 17, 2024 |
About WBS
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment offers commercial real estate and equipment financing, business banking, asset-based lending, and commercial services; public sector finance; mortgage warehouse financing; sponsor and specialty financing s... [Read more]
Financial Performance
In 2023, Webster Financial's revenue was $2.50 billion, an increase of 13.93% compared to the previous year's $2.19 billion. Earnings were $843.27 million, an increase of 35.42%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for WBS stock is "Buy." The 12-month stock price forecast is $55.25, which is an increase of 19.10% from the latest price.
News
Webster Lowers Prime Lending Rate to 8.00 Percent
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Lowers Prime Lending Rate to 8.00 Percent.
Webster Financial Corporation (WBS) Q2 2024 Earnings Call Transcript
Webster Financial Corporation (NYSE:WBS) Q2 2024 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Emlen Harmon - Director, IR John Ciulla - CEO Glenn MacInnes - CFO Conference C...
Webster Reports Second Quarter 2024 EPS of $1.03; Adjusted EPS of $1.26
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (“Webster”) (NYSE: WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $177...
Webster Financial: Not Yet Ready For An Upgrade
Webster Financial Corporation stock was downgraded to "hold" in January after a 41% spike, but has since dropped 16.8%, and is now down some. Despite weak financial results in Q1 2024, shares are attr...
Webster Financial Corporation Declares Common and Preferred Dividends
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation Declares Common and Preferred Dividends.
Webster Financial Corporation Appoints CFO Successor; Names New Board Member
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation Appoints CFO Successor; Names New Board Member.
Webster Financial Corporation Announces Q2 2024 Earnings Release and Conference Call
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation Announces Q2 2024 Earnings Release and Conference Call.
Webster Financial Corporation (WBS) Q1 2024 Earnings Call Transcript
Webster Financial Corporation (NYSE:WBS) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Emlen Harmon - Director of IR John Ciulla - CEO Glenn MacInnes - CFO Conferenc...
Webster Reports First Quarter 2024 EPS of $1.23; Adjusted EPS of $1.35
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation ("Webster") (NYSE: WBS), the holding company for Webster Bank, N.A., today announced net income available to common stockholders of $212...
Webster Financial Corporation Announces Q1 2024 Earnings Release and Conference Call
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation Announces Q1 2024 Earnings Release and Conference Call.
Webster Financial, Pacific Premier May Be Targets in Bank M&A
Last year was one of the slowest in decades for bank mergers. While the deal environment remains harsh, Raymond James sees some potential targets.
Barclays' Jared Shaw presents a bullish case for mid-cap banks
Jared Shaw, Barclays mid-cap bank analyst, joins 'The Exchange' to discuss whether New York Community Bank's issues represent a more significant problem in banking, best positioned mid-cap banks, and ...
Regional bank stocks dragged down by NYCB, led by banks with exposure to New York City real estate
Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of ”material weaknesses” in its acc...
Webster Financial Corporation (WBS) Q4 2023 Earnings Call Transcript
Webster Financial Corporation (WBS) Q4 2023 Earnings Call Transcript
Webster Reports Fourth Quarter 2023 EPS of $1.05; Adjusted EPS of $1.46
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation ("Webster") (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced net income available to c...
Webster Financial Corporation Announces Q4 2023 Earnings Release and Conference Call
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation Announces Q4 2023 Earnings Release and Conference Call.
Webster Signs Definitive Agreement to Acquire Ametros
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A. ("Webster") has signed a definitive agreement to acqui...
The market is mispricing Webster Financial's return potential, says KBW's Chris McGratty
Christopher McGratty, KBW head of U.S. bank research, joins 'Closing Bell Overtime' to talk the bank sector and how to invest in the space in 2024.
CORRECTING and REPLACING Webster Financial Corporation Declares Common and Preferred Dividends
STAMFORD, Conn.
Webster Financial Corporation (WBS) Q3 2023 Earnings Call Transcript
Webster Financial Corporation (WBS) Q3 2023 Earnings Call Transcript
Webster Reports Third Quarter 2023 EPS of $1.28; Adjusted EPS of $1.55
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation ("Webster") (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced net income available to c...
Webster Financial Corporation Announces Q3 2023 Earnings Release and Conference Call
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, today announced the following details for its third q...
While The Market Remains Overcautious, Webster Is In Excellent Financial Condition
Webster Financial Corporation has seen significant increases in Q2'23 revenues and net income. The company operates through five principle verticals, positioning itself to access capital and be resili...
Regional banks facing credit losses for commercial real estate: Moody's study
A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.