Webster Financial Corporation (WBS)
| Market Cap | 7.81B |
| Revenue (ttm) | 2.50B |
| Net Income (ttm) | 851.19M |
| Shares Out | 171.56M |
| EPS (ttm) | 4.91 |
| PE Ratio | 9.27 |
| Forward PE | 7.69 |
| Dividend | $1.60 (3.51%) |
| Ex-Dividend Date | Feb 2, 2024 |
| Volume | 1,451,840 |
| Open | 44.08 |
| Previous Close | 44.88 |
| Day's Range | 44.00 - 45.62 |
| 52-Week Range | 31.03 - 53.39 |
| Beta | 1.32 |
| Analysts | Strong Buy |
| Price Target | 56.27 (+23.56%) |
| Earnings Date | Apr 23, 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, WBS's revenue was $2.50 billion, an increase of 13.96% compared to the previous year's $2.19 billion. Earnings were $851.19 million, an increase of 35.46%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for WBS stock is "Strong Buy." The 12-month stock price forecast is $56.27, which is an increase of 23.56% from the latest price.
News
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 Declares Common and Preferred Dividends
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation Declares Common and Preferred Dividends.
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 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...
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.
Moody's downgrades string of smaller mid-sized banks
Moody's analysts issued downgrades on a string of small and mid-sized banks. Should investors be worried about a theme developing in the greater banking landscape?
Moody's says US banks are still strong despite downgrades
Ratings agency Moody's said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks.
Moody's Downgrades Credit Ratings For 10 Banks, Puts Six Others On Notice
Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.
Moody's Cuts Ratings at 10 US Banks
US bank stocks declined after Moody's Investors Service lowered its ratings for 10 small and midsize lenders and said it may downgrade major firms including U.S. Bancorp, Bank of New York Mellon Corp....
Factbox: Major US banks downgraded by Moody's on worsening outlook
Ratings agency Moody's on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits.
Webster Raises Prime Lending Rate to 8.50 Percent
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that it has raised its prime lending ...