Webster Financial Corporation (WBS)

Webster Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	3,196	3,196	3,072	1,947	762.96	790.49
Interest Income on Investments	730.91	730.91	556.15	338.1	179.89	211.56
Total Interest Income	3,927	3,927	3,628	2,285	942.84	1,002
Interest Paid on Deposits	1,427	1,427	1,021	138.55	20.13	67.9
Interest Paid on Borrowings	161.7	161.7	269.57	111.9	21.62	42.76
Total Interest Expense	1,589	1,589	1,291	250.45	41.76	110.66
Net Interest Income	2,338	2,338	2,337	2,034	901.09	891.39
Net Interest Income Growth (YoY)	0.05%	0.05%	14.89%	125.76%	1.09%	-6.67%
Trust Income	33.23	33.23	29	40.28	39.59	32.92
Mortgage Banking Activities	-	-	1.24	0.71	6.22	18.3
Gain (Loss) on Sale of Investments	-136.22	-136.22	-33.62	-6.75	-	0.01
Other Non-Interest Income	193.75	193.75	147.7	208.08	114.86	78.03
Total Non-Interest Income	251.9	251.9	313.64	440.78	323.37	285.28
Non-Interest Income Growth (YoY)	-19.68%	-19.68%	-28.85%	36.31%	13.35%	-0.01%
Revenues Before Loan Losses	2,590	2,590	2,651	2,475	1,224	1,177
Provision for Loan Losses	222	222	150.75	280.62	-54.5	137.75
Revenue	2,368	2,368	2,500	2,194	1,279	1,039
Revenue Growth (YoY)	-5.27%	-5.27%	13.93%	71.58%	23.10%	-13.61%
Salaries and Employee Benefits	762.79	762.79	657.67	590.52	392.34	416.21
Occupancy Expenses	-	-	39.25	10.94	23.51	23.67
Federal Deposit Insurance	68.91	68.91	98.08	26.57	15.79	18.32
Amortization of Goodwill & Intangibles	36.08	36.08	36.21	31.94	4.51	4.16
Selling, General & Administrative	344.18	344.18	416.41	319.55	193.6	206.36
Other Non-Interest Expense	139.31	139.31	168.75	147.39	76.69	78.23
Total Non-Interest Expense	1,351	1,351	1,416	1,127	706.45	746.95
EBT Excluding Unusual Items	1,017	1,017	1,084	1,068	572.52	291.97
Asset Writedown	-	-	-	-23.1	-1.2	-12
Other Unusual Items	-	-	0.7	-	-	-
Pretax Income	1,017	1,017	1,085	797.98	533.86	279.97
Income Tax Expense	248.3	248.3	216.66	153.69	125	59.35
Net Income	768.71	768.71	867.84	644.28	408.86	220.62
Preferred Dividends & Other Adjustments	16.65	16.65	24.57	21.59	10.18	9.15
Net Income to Common	752.06	752.06	843.27	622.69	398.69	211.47
Net Income Growth	-11.42%	-11.42%	34.70%	57.58%	85.32%	-42.35%
Basic Shares Outstanding	172	172	172	167	90	90
Diluted Shares Outstanding	172	172	172	168	90	90
Shares Change (YoY)	-0.11%	-0.11%	2.59%	85.74%	0.06%	-1.88%
EPS (Basic)	4.38	4.38	4.91	3.72	4.43	2.35
EPS (Diluted)	4.37	4.37	4.91	3.72	4.42	2.35
EPS Growth	-10.98%	-10.98%	32.01%	-15.87%	88.09%	-42.12%
Dividend Per Share	1.600	1.600	1.600	1.600	1.600	1.600
Dividend Growth	0%	0%	0%	0%	0%	4.58%
Effective Tax Rate	24.41%	24.41%	19.98%	19.26%	23.41%	21.20%

Source: S&P Capital IQ. Banks template. Financial Sources.