Webster Financial Corporation (WBS) 10-Year Financial Performance & Capital Metrics

WBS • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

AboutWebster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Retail Banking. The Commercial Banking segment provides lending, deposit, and cash management services; commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services; wealth management solutions to business owners, operators, and consumers; and trust, asset management, financial planning, insurance, retirement, and investment products. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, consultants, and financial advisors. The Retail Banking segment provides deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers. The company also offers online and mobile banking services. As of December 31, 2021, it operated 130 banking centers and 251 ATMs. The company was founded in 1935 and is headquartered in Stamford, Connecticut.Show more

Net Interest Income $2.34B
Total Revenue $4.17B +5.7%
Net Income $769M -11.4%
Return on Equity 8.63% -16.8%
Net Interest Margin 2.96% -5.1%
Efficiency Ratio 32.14% -10.5%
ROA 1% -15.9%
Equity / Assets 11.56% -0.3%
Book Value per Share 53.66 +7.1%
Tangible BV/Share 34.85 +3.2%
Debt/Equity 0.37 -17.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 32.1% efficiency ratio
✓Well capitalized: 11.6% equity/assets
✓Healthy dividend yield of 2.5%
✓Trading near 52-week high
✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y16.3%

5Y23.68%

3Y48.8%

TTM-

Profit (Net Income) CAGR

10Y14.43%

5Y14.97%

3Y23.42%

TTM19.12%

EPS CAGR

10Y7.71%

5Y1.48%

3Y-0.38%

TTM21.77%

ROCE

10Y Avg8.09%

5Y Avg8.92%

3Y Avg8.58%

Latest8.77%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	664.63M	718.51M	796.29M	906.68M	955.13M	891.39M	901.09M	2.03B	2.34B	2.34B
NII Growth %	0.06%	0.08%	0.11%	0.14%	0.05%	-0.07%	0.01%	1.26%	0.15%	0%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	760.04M	821.91M	913.61M	1.06B	1.15B	1B	942.84M	2.28B	3.63B	3.93B
Interest Expense	95.42M	103.4M	117.32M	148.49M	199.46M	110.66M	41.76M	250.45M	1.29B	1.59B
Loan Loss Provision	49.3M	56.35M	40.9M	42M	37.8M	137.75M	-54.5M	280.62M	150.75M	222M
Non-Interest Income+	237.53M	264.48M	259.46M	282.57M	285.31M	285.28M	322.14M	438.24M	314.34M	240.24M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	997.57M	1.09B	1.17B	1.34B	1.44B	1.29B	1.26B	2.72B	3.94B	4.17B
Revenue Growth %	0.08%	0.09%	0.08%	0.14%	0.08%	-0.11%	-0.02%	1.15%	0.45%	0.06%
Non-Interest Expense	555.1M	623.19M	661.06M	705.62M	715.95M	758.95M	743.86M	1.39B	1.42B	1.34B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	297.76M	303.45M	353.79M	441.63M	486.69M	279.97M	533.86M	797.98M	1.08B	1.02B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.02%	0.02%	0.17%	0.25%	0.1%	-0.42%	0.91%	0.49%	0.36%	-0.06%
Pretax Income+	297.76M	303.45M	353.79M	441.63M	486.69M	279.97M	533.86M	797.98M	1.08B	1.02B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	93.03M	96.32M	98.35M	81.22M	103.97M	59.35M	125M	153.69M	216.66M	248.3M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	204.73M	207.13M	255.44M	360.42M	382.72M	220.62M	408.86M	644.28M	867.84M	768.71M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.03%	0.01%	0.23%	0.41%	0.06%	-0.42%	0.85%	0.58%	0.35%	-0.11%
Net Income (Continuing)	204.73M	207.13M	255.44M	360.42M	382.72M	220.62M	408.86M	644.28M	867.84M	768.71M
EPS (Diluted)+	2.13	2.16	2.67	3.81	4.06	2.35	4.42	3.72	4.91	4.37
EPS Growth %	0.02%	0.01%	0.24%	0.43%	0.07%	-0.42%	0.88%	-0.16%	0.32%	-0.11%
EPS (Basic)	2.15	2.17	2.68	3.83	4.07	2.35	4.43	3.72	4.91	4.38
Diluted Shares Outstanding	91.53M	91.86M	92.36M	92.23M	91.88M	90.15M	90.21M	168.91M	173.36M	170.19M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	355.6M	220.12M	256.79M	329.5M	257.89M	263.1M	461.57M	839.94M	1.72B	2.07B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	21.85B	23.46B	23.95B	25.03B	27.55B	29.6B	31.79B	62.02B	64.82B	68.08B
Investments Growth %	0.1%	0.07%	0.02%	0.05%	0.1%	0.07%	0.07%	0.95%	0.05%	0.05%
Long-Term Investments	18.86B	20.47B	21.31B	22.13B	24.63B	26.27B	27.55B	54.13B	55.86B	68.07B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	538.37M	538.37M	538.37M	538.37M	538.37M	538.37M	538.37M	2.51B	2.63B	2.87B
Intangible Assets	39.33M	33.67M	29.61M	25.76M	21.92M	22.38M	17.87M	199.34M	203.13M	334.3M
PP&E (Net)	129.43M	137.41M	130M	124.85M	270.41M	226.74M	204.56M	430.18M	429.56M	406.96M
Other Assets	1.03B	965.05M	946.35M	967.22M	1.16B	1.27B	1.18B	3.29B	3.46B	3.73B
Total Current Assets	3.94B	3.84B	3.44B	3.73B	3.72B	4.18B	5.32B	10.34B	11.98B	3.3B
Total Non-Current Assets	20.71B	22.23B	23.05B	23.88B	26.67B	28.41B	29.6B	60.94B	62.96B	75.73B
Total Assets+	24.64B	26.07B	26.49B	27.61B	30.39B	32.59B	34.92B	71.28B	74.95B	79.03B
Asset Growth %	0.09%	0.06%	0.02%	0.04%	0.1%	0.07%	0.07%	1.04%	0.05%	0.05%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	4.04B	4.02B	2.55B	2.63B	3.7B	1.88B	1.39B	7.69B	3.87B	3.36B
Net Debt	3.69B	3.8B	2.29B	2.31B	3.45B	1.62B	932.06M	6.85B	2.15B	1.29B
Long-Term Debt	2.89B	3.07B	1.9B	2.05B	2.49B	700.83M	573.93M	6.53B	1.06B	919.29M
Short-Term Debt	1.15B	949.53M	643.27M	581.87M	1.04B	995.36M	674.9M	1.15B	2.81B	2.44B
Other Liabilities	0	0	0	0	0	-24.41M	-144.8M	0	1.6B	1.78B
Total Current Liabilities	19.34B	20.48B	21.88B	22.67B	24.52B	28.52B	30.93B	56.69B	63.59B	67.2B
Total Non-Current Liabilities	2.89B	3.07B	1.9B	2.05B	2.66B	834.69M	551.15M	6.53B	2.66B	2.69B
Total Liabilities	22.23B	23.55B	23.79B	24.72B	27.18B	29.36B	31.48B	63.22B	66.26B	69.89B
Total Equity+	2.41B	2.53B	2.7B	2.89B	3.21B	3.23B	3.44B	8.06B	8.69B	9.13B
Equity Growth %	0.04%	0.05%	0.07%	0.07%	0.11%	0.01%	0.06%	1.34%	0.08%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.08%	0.1%	0.13%	0.13%	0.07%	0.12%	0.11%	0.1%	0.09%
Book Value per Share	26.37	27.51	29.26	31.30	34.91	35.88	38.12	47.69	50.13	53.66
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	937K	937K	937K	937K	937K	937K	937K	1.83M	1.83M	1.83M
Additional Paid-in Capital	1.12B	1.13B	1.12B	1.11B	1.11B	1.11B	1.11B	6.17B	6.18B	6.18B
Retained Earnings	1.32B	1.43B	1.6B	1.83B	2.06B	2.08B	2.33B	2.71B	3.28B	3.76B
Accumulated OCI	-78.11M	-76.99M	-91.53M	-130.65M	-36.07M	42.26M	-22.58M	-684.96M	-550.57M	-556.38M
Treasury Stock	-71.85M	-70.9M	-70.43M	-71.5M	-76.73M	-140.66M	-126.95M	-431.76M	-507.52M	-536.84M
Preferred Stock	122.71M	122.71M	145.06M	145.04M	145.04M	145.04M	145.04M	283.98M	283.98M	283.98M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	302.79M	398.14M	444.97M	469.41M	303.85M	380.55M	688.59M	1.34B	978.65M	1.4B
Operating CF Growth %	0.25%	0.31%	0.12%	0.05%	-0.35%	0.25%	0.81%	0.94%	-0.27%	0.43%
Net Income	204.07M	207.13M	255.44M	360.42M	382.72M	220.62M	408.86M	644.28M	867.84M	768.71M
Depreciation & Amortization	34.68M	36.45M	37.17M	38.75M	44.83M	43.18M	41.51M	81.8M	76.49M	71.53M
Deferred Taxes	-15.51M	17.7M	-9.07M	9.47M	927K	-31.24M	-5M	-69.66M	-53.63M	18.18M
Other Non-Cash Items	98.55M	76.91M	121.13M	97.19M	60.14M	265.7M	101.68M	372.82M	263.25M	307.08M
Working Capital Changes	-30.59M	48.52M	28.03M	-48.03M	-197.4M	-129.9M	127.88M	251.74M	-229.38M	183.66M
Cash from Investing+	-774.18M	-1.64B	-531.05M	-1.32B	-2.55B	-2.29B	-2.41B	-7.19B	-2.6B	-3.87B
Purchase of Investments	-1.66B	-2.05B	-1.7B	-1.27B	-2.13B	-2.3B	-3.94B	-2.27B	-3.29B	-5.14B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	1.4B	0	0	0	0	0	0	459.55M	-157.65M	-359.46M
Other Investing	-1.83B	-1.28B	-472.17M	-1.08B	-1.6B	-1.59B	-675.21M	-7.02B	-877.25M	-1.85B
Cash from Financing+	457.17M	1.23B	122.75M	921.23M	2.17B	1.91B	1.91B	6.23B	2.49B	2.82B
Dividends Paid	-89.67M	-97.62M	-102.73M	-122.83M	-148.66M	-152.84M	-152.68M	-261.49M	-294.81M	-291.19M
Share Repurchases	-12.56M	-11.21M	-134.29M	-12.16M	-13M	-76.56M	-4.38M	-322.1M	-107.98M	-65.4M
Stock Issued	0	0	153.31M	0	0	0	3.49M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	754.69M	1.16B	1.38B	906.52M	1.91B	3.96B	2.51B	1.36B	6.01B	3.56B
Net Change in Cash+	-14.22M	-9.03M	36.66M	72.71M	-71.6M	5.21M	198.47M	378.37M	875.85M	358.64M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	213.91M	199.69M	220.12M	256.79M	329.5M	257.89M	263.1M	461.57M	839.94M	1.72B
Cash at End	199.69M	190.66M	256.79M	329.5M	257.89M	263.1M	461.57M	839.94M	1.72B	2.07B
Interest Paid	95.43M	102.44M	114.05M	144.73M	197.2M	118.12M	42.15M	240.85M	1.25B	1.61B
Income Taxes Paid	106.99M	80.14M	109.06M	60.92M	110.06M	94.07M	112.59M	193.54M	268.6M	124.82M
Free Cash Flow+	266.68M	357.41M	416.42M	436.45M	278.13M	359.27M	672M	1.31B	938.35M	1.37B
FCF Growth %	0.25%	0.34%	0.17%	0.05%	-0.36%	0.29%	0.87%	0.95%	-0.28%	0.46%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.64%	8.38%	9.77%	12.9%	12.56%	6.85%	12.25%	11.21%	10.36%	8.63%
Return on Assets (ROA)	0.87%	0.82%	0.97%	1.33%	1.32%	0.7%	1.21%	1.21%	1.19%	1%
Net Interest Margin	2.7%	2.76%	3.01%	3.28%	3.14%	2.74%	2.58%	2.85%	3.12%	2.96%
Efficiency Ratio	55.64%	57.36%	56.35%	52.75%	49.72%	58.96%	58.8%	51.19%	35.92%	32.14%
Equity / Assets	9.8%	9.69%	10.2%	10.45%	10.56%	9.92%	9.85%	11.3%	11.6%	11.56%
Book Value / Share	26.37	27.51	29.26	31.3	34.91	35.88	38.12	47.69	50.13	53.66
NII Growth	5.76%	8.11%	10.82%	13.86%	5.34%	-6.67%	1.09%	125.76%	14.89%	0.05%
Dividend Payout	39.55%	43.22%	37.05%	31.9%	36.78%	65.71%	35.42%	38.46%	32.05%	35.72%

Revenue by Segment

	2018	2021	2022	2023	2024
Deposit Service Fees	162.18M	162.71M	198.47M	169.32M	161.14M
Deposit Service Fees Growth	-	0.32%	21.98%	-14.69%	-4.83%
Other Non Interest Income	5.65M	10.11M	8.43M	17.45M	37.15M
Other Non Interest Income Growth	-	79.03%	-16.67%	107.17%	112.85%
Investment Advisory, Management and Administrative Service	32.84M	39.59M	40.28M	29M	33.23M
Investment Advisory, Management and Administrative Service Growth	-	20.53%	1.75%	-28.00%	14.60%
Loans and Lease Related Fees	-	-	21.5M	17.63M	14.17M
Loans and Lease Related Fees Growth	-	-	-	-17.98%	-19.64%

Frequently Asked Questions

Valuation & Price

Webster Financial Corporation (WBS) has a price-to-earnings (P/E) ratio of 14.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Webster Financial Corporation (WBS) grew revenue by 5.7% over the past year. This is steady growth.

Yes, Webster Financial Corporation (WBS) is profitable, generating $924.7M in net income for fiscal year 2024 (18.4% net margin).

Dividend & Returns

Yes, Webster Financial Corporation (WBS) pays a dividend with a yield of 2.50%. This makes it attractive for income-focused investors.

Webster Financial Corporation (WBS) has a return on equity (ROE) of 8.6%. This is below average, suggesting room for improvement.

Industry Metrics

Webster Financial Corporation (WBS) has a net interest margin (NIM) of 3.0%. NIM has been under pressure due to interest rate environment.

Webster Financial Corporation (WBS) has an efficiency ratio of 32.1%. This is excellent, indicating strong cost control.

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