Webster Financial Corporation
WBS-PG
New York Stock Exchange24.30
USD
+0.13
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Webster Financial Corporation
WBS-PG
(New York Stock Exchange)
Recent
price
24.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Webster Financial Corporation is a diversified financial services company primarily engaged in commercial and consumer banking, healthcare financial services, and wealth management. The company operates through its principal bank subsidiary, Webster Bank, N.A., offering a broad suite of products and services including commercial lending, deposit accounts, treasury and payment solutions, mortgage lending, financial planning, trust and investment management, and internet banking. Its healthcare financial services segment, one of the largest in the nation, specializes in employee benefits administration and medical insurance claim settlements through its brands such as HSA Bank and the recently acquired Ametros Financial Corporation. Webster Financial serves a diverse customer base including businesses, individuals, families, and institutional clients mainly across the Northeastern United States, with a network of over 200 banking centers and more than 350 ATMs covering the I-95 corridor from Boston to New York City. Founded in 1935 and headquartered in Stamford, Connecticut, Webster Financial has grown to manage assets exceeding $70 billion. Its operations include commercial banking tailored to middle-market companies with revenues above $20 million, community banking serving individuals and small businesses, and private banking providing wealth advisory and tailored lending services for high-net-worth clients. The company’s commercial offerings encompass middle market lending, commercial real estate financing, asset-based lending, and equipment finance. A major recent development is Webster Financial’s acquisition of Ametros Financial Corporation, completed in early 2024. This $350 million all-cash transaction expanded Webster’s healthcare financial services portfolio, adding Ametros’ expertise in medical insurance claim settlements and enhancing the company’s deposit base with low-cost, long-duration deposits. The acquisition is strategic in diversifying Webster’s funding sources and is expected to drive non-interest income growth while generating strong internal returns. Additionally, Webster has lowered its prime lending rate in 2024, reflecting its responsiveness to market conditions. The integration of Ametros strengthens Webster’s position as a leader in healthcare and consumer-directed financial services with a unique funding model and technology platform supporting ongoing care management. Webster Financial continues to demonstrate strong earnings performance and strategic growth through organic and inorganic means, maintaining a prominent position in the regional banking and healthcare financial services markets. The company delivers comprehensive financial solutions leveraging a blend of digital innovation and traditional banking services, positioning itself as a market-leading, client-focused institution across its operational footprint.