Capital allocation remains disciplined, highlighted by $204.3 million in share buybacks during 2025Q4 and consistent quarterly dividend payments of approximately $70 million.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash from Operations | 1.25B | 1.06B | 1.4B | 978.65M | 1.34B | 688.59M | 380.55M | 303.85M | 469.41M | 444.97M | 398.14M | 302.79M | 243M | 463.95M | 257.08M | 268.13M | 337.14M | 114.39M | 485.19M | 306.69M | 157.65M | 57.68M | 358.81M | 497.92M | -83.85M | 12.22M | 213.15M | 167.36M | 151.67M | 77.27M | 44.5M |
| Operating CF Growth % | 887.86% | -24.65% | 43.49% | -26.75% | 94.01% | 80.95% | 25.24% | -35.27% | 5.49% | 11.76% | 31.49% | 24.61% | -47.63% | 80.47% | -4.12% | -20.47% | 194.73% | -76.42% | 58.2% | 94.55% | 173.3% | -83.92% | -27.94% | 693.82% | -786.12% | -94.27% | 27.37% | 10.34% | 96.29% | 73.64% | -39.62% |
| Net Income | 1.02B | 1B | 768.71M | 867.84M | 644.28M | 408.86M | 220.62M | 382.72M | 360.42M | 255.44M | 207.13M | 204.07M | 199.05M | 179.11M | 173.7M | 148.65M | 71.91M | -75.91M | -317.89M | 96.77M | 133.79M | 185.85M | 153.83M | 163.25M | 152.73M | 133.19M | 118.29M | 95.35M | 78.02M | 47.61M | 54M |
| Depreciation & Amortization | 41.36M | 73.35M | 71.53M | 76.49M | 81.8M | 41.51M | 43.18M | 44.83M | 38.75M | 37.17M | 36.45M | 34.68M | 30.59M | 36.02M | 39.5M | 83.15M | 92.64M | 65.88M | 56.95M | 61.8M | 54.13M | 51.98M | 52.77M | 53.52M | 44.41M | 51.71M | 48.15M | 38.06M | 37.51M | 24.36M | 24M |
| Deferred Taxes | 59.27M | 47.59M | 18.18M | -53.63M | -69.66M | -5M | -31.24M | 927K | 9.47M | -9.07M | 17.7M | -15.51M | -5.15M | 11.43M | 20.99M | 28.98M | 12.37M | 14.62M | -89.91M | -13.48M | 5.4M | 25.45M | 18.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 80.39M | 148.29M | 307.08M | 263.25M | 372.82M | 101.68M | 265.7M | 60.14M | 97.19M | 121.13M | 76.91M | 98.55M | 66.42M | 170.82M | 54.44M | 43.36M | 118.57M | 325M | 618.09M | 92.74M | 64.9M | 6.03M | -10.64M | 324.1M | -250.54M | -103.65M | 26.71M | 39.21M | 28.34M | -10.05M | -4.9M |
| Working Capital Changes | -7.96M | -270.72M | 183.66M | -229.38M | 251.74M | 127.88M | -129.9M | -197.4M | -48.03M | 28.03M | 48.52M | -30.59M | -58.29M | 55.04M | -40.5M | -42.79M | 33.8M | -222.69M | 214.13M | 68.86M | -101.55M | -210.54M | 143.88M | -42.95M | -30.45M | -69.03M | 20M | -5.27M | 7.8M | 15.34M | -28.6M |
| Cash from Investing | -5.37B | -4.75B | -3.87B | -2.6B | -7.19B | -2.41B | -2.29B | -2.55B | -1.32B | -531.05M | -1.64B | -774.18M | -1.67B | -1.14B | -1.39B | -771.71M | -517.84M | -465.98M | -1.25B | -309.62M | 1.58B | -553.02M | 421.98M | -1.42B | -1.13B | -309.42M | 105.79M | 138.98M | 20.09M | -1.74B | 122.6M |
| Purchase of Investments | -2.63B | -2.28B | -5.14B | -3.29B | -2.27B | -3.94B | -2.3B | -2.13B | -1.27B | -1.7B | -2.05B | -1.66B | -1.33B | -1.94B | -2.15B | -1.8B | -2.32B | -2.03B | -1.09B | -823.38M | -1.49B | -905.97M | -2.33B | -4.04B | -2.91B | -2.39B | -1.29B | -1.15B | -2.65B | -2.26B | -1.11B |
| Sale/Maturity of Investments | 1.64B | 1.86B | 3.51B | 1.77B | 1.68B | 2.22B | 1.62B | 1.19B | 1.06B | 1.68B | 1.74B | 1.36B | 1.09B | 1.52B | 1.81B | 1.4B | 1.62B | 1.23B | 259.87M | 696.7M | 3.63B | 987.65M | 3.77B | 3.89B | 2.89B | 1.83B | 1.26B | 1.62B | 2.77B | 810.47M | 983.5M |
| Net Investment Activity | -989.07M | -424.93M | -1.63B | -1.52B | -593.91M | -1.71B | -680.28M | -933.2M | -205.62M | -22.74M | -310M | -301.58M | -241.76M | -417.77M | -340.16M | -394.58M | -697.64M | -803.03M | -829.59M | -126.68M | 2.14B | 81.68M | 1.44B | -143.99M | -21.45M | -557.52M | -32.24M | 472.55M | 116.44M | -1.45B | -124.4M |
| Acquisitions | -24.4M | -24.4M | -359.46M | -157.65M | 459.55M | 0 | 0 | 0 | 0 | 0 | 0 | 1.4B | 0 | 0 | 0 | 0 | 0 | 88.24M | 0 | 0 | 11.18M | 17.04M | -108.91M | -57.59M | -430.77M | -17.26M | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -4.3B | -4.25B | -1.85B | -877.25M | -7.02B | -675.21M | -1.59B | -1.6B | -1.08B | -472.17M | -1.28B | -1.83B | -1.4B | -689.72M | -1.02B | -348.26M | 198.48M | 280.55M | -387.22M | -148.4M | -535.43M | -598.2M | -860.01M | -1.19B | -663.09M | 272.12M | 144.92M | -317.23M | -74.31M | -279.46M | 261M |
| Cash from Financing | 4.47B | 4.06B | 2.82B | 2.49B | 6.23B | 1.91B | 1.91B | 2.17B | 921.23M | 122.75M | 1.23B | 457.17M | 1.43B | 644.74M | 1.19B | 539.3M | 169.37M | 263.56M | 695.78M | -2.3M | -1.73B | 542.08M | -741.19M | 863.69M | 1.27B | 251.07M | -299.69M | -273.7M | -154.28M | 1.69B | -133.7M |
| Dividends Paid | -275.27M | -283.48M | -291.19M | -294.81M | -261.49M | -152.68M | -152.84M | -148.66M | -122.83M | -102.73M | -97.62M | -89.67M | -77.99M | -59.76M | -33.13M | -17.26M | -21.22M | -34.98M | -73.7M | -64.56M | -57.04M | -52.7M | -44.36M | -37.42M | -35.46M | -33M | -28.64M | -20.73M | -21.06M | -17.64M | -14.4M |
| Share Repurchases | -412.67M | -616.42M | -65.4M | -107.98M | -322.1M | -4.38M | -76.56M | -13M | -12.16M | -134.29M | -11.21M | -12.56M | -10.74M | 0 | -50M | -11.25M | -401.65M | -61.73M | 616.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 67K | 0 | 0 | 0 | 3.49M | 0 | 0 | 0 | 153.31M | 0 | 0 | 435K | 731K | 560K | 689K | 118.74M | 1.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | -412.67M | -616.35M | -65.4M | -107.98M | -322.1M | -892K | -76.56M | -13M | -12.16M | 19.02M | -11.21M | -12.56M | -10.31M | 731K | -49.44M | -10.56M | -282.92M | -60.7M | 616.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K |
| Other Financing | 5.23B | 4.25B | 3.56B | 6.01B | 1.36B | 2.51B | 3.96B | 1.91B | 906.52M | 1.38B | 1.16B | 754.69M | 716.04M | 581.27M | 784.58M | 104.79M | 249.4M | 1.16B | -134.51M | -105.11M | 215.59M | 916.54M | 532.7M | 616.02M | 510.91M | 85.34M | -87.9M | -398.23M | -91.9M | 38.53M | -221.4M |
| Net Change in Cash | 347.89M | 375.09M | 358.64M | 875.85M | 378.37M | 198.47M | 5.21M | -71.6M | 72.71M | 36.66M | -9.03M | -14.22M | 7.99M | -28.67M | 56.33M | 36.11M | -11.34M | -88.02M | -47.45M | -5.23M | 18.18M | 44.88M | 39.59M | -57.23M | 47.55M | -46.13M | 19.25M | 32.64M | 17.48M | 29.8M | -98.2M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 2.45B | 2.07B | 1.72B | 839.94M | 461.57M | 263.1M | 257.89M | 329.5M | 256.79M | 220.12M | 199.69M | 213.91M | 205.92M | 252.28M | 195.96M | 159.85M | 171.18M | 259.21M | 306.65M | 311.89M | 293.71M | 248.82M | 209.23M | 266.46M | 218.91M | 265.04M | 245.78M | 213.14M | 195.66M | 165.86M | 98.2M |
| Cash at End | 2.86B | 2.45B | 2.07B | 1.72B | 839.94M | 461.57M | 263.1M | 257.89M | 329.5M | 256.79M | 190.66M | 199.69M | 213.91M | 223.62M | 252.28M | 195.96M | 159.85M | 171.18M | 259.21M | 306.65M | 311.89M | 293.71M | 248.82M | 209.23M | 266.46M | 218.91M | 265.04M | 245.78M | 213.14M | 195.66M | 85.2M |
| Interest Paid | 763.1M | 1.55B | 1.61B | 1.25B | 240.85M | 42.15M | 118.12M | 197.2M | 144.73M | 114.05M | 102.44M | 95.43M | 89.94M | 88.39M | 116.41M | 142.98M | 173.18M | 258.76M | 365.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 71.17M | 85.39M | 124.82M | 268.6M | 193.54M | 112.59M | 94.07M | 110.06M | 60.92M | 109.06M | 80.14M | 106.99M | 102.97M | 62.93M | 56.49M | 32.91M | 20.58M | 5.96M | 24.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 1.2B | 1.01B | 1.37B | 938.35M | 1.31B | 672M | 359.27M | 278.13M | 436.45M | 416.42M | 357.41M | 266.68M | 212.96M | 442.07M | 235.1M | 239.26M | 318.46M | 82.36M | 448.81M | 272.15M | 130M | 4.6M | 309.73M | 475.36M | -102.41M | 5.47M | 206.26M | 151.02M | 129.62M | 65.16M | 30.5M |
| FCF Growth % | -1.33% | -26.3% | 45.84% | -28.22% | 94.52% | 87.05% | 29.17% | -36.27% | 4.81% | 16.51% | 34.03% | 25.23% | -51.83% | 88.03% | -1.74% | -24.87% | 286.67% | -81.65% | 64.91% | 109.35% | 2727.32% | -98.52% | -34.84% | 564.19% | -1970.77% | -97.35% | 36.58% | 16.51% | 98.92% | 113.64% | -52.42% |
Commercial Real Estate Exposure
According to recent financial disclosures, Webster Financial Corporation has maintained consistent net income generation, with quarterly earnings reaching $246.2 million in 2026Q1, providing a stable foundation for organic capital growth despite the inherent volatility observed in the bank's operating cash flow metrics over the past ten quarters.
The bank's ability to generate steady net income suggests that it retains sufficient internal capital to support its commercial lending ambitions without immediate reliance on external equity markets. Investors should monitor whether this earnings power remains resilient as the bank navigates the integration of its expanded commercial footprint.
Based on reported quarterly figures, Webster Financial Corporation has actively managed its investment securities portfolio, with purchase activity reaching $1.7 billion in 2024Q4, indicating a strategic effort to deploy liquidity into interest-earning assets while balancing the maturity profile of its broader investment holdings against prevailing market rates.
The significant fluctuations in purchase and sale activity suggest that management is dynamically adjusting the duration and yield of the securities book to optimize net interest margin. This active management appears to be a primary lever for liquidity deployment, though it introduces sensitivity to interest rate volatility.
As reported in recent filings, Webster Financial Corporation has maintained a consistent dividend payout, averaging approximately $70 million per quarter, while simultaneously utilizing share buybacks to manage capital levels, as evidenced by the $204.3 million repurchase observed in 2025Q4 following the completion of major merger-related activities.
The bank's capital return strategy appears to prioritize dividend stability, with buybacks serving as a flexible tool for managing excess capital. Analysts should evaluate whether future buyback capacity remains constrained by the need to maintain regulatory capital buffers during the ongoing integration of the Sterling Bancorp portfolio.
Based on the provided financial data, Webster Financial Corporation's provision for credit losses peaked at $77.5 million in 2025Q1, reflecting a proactive stance toward potential credit deterioration within the loan book as the bank manages the risks associated with its expanded commercial and industrial lending activities.
The variability in provisioning suggests that management is closely monitoring the credit quality of the acquired loan portfolio, particularly within the Northeast commercial real estate sector. This conservative approach to reserves may indicate an anticipation of future economic headwinds that could impact the bank's overall asset quality.
Quick answers to the most common questions about buying WBS stock.
Webster Financial Corporation (WBS) generated $1.06B in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Webster Financial Corporation (WBS) generated $1.01B in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Webster Financial Corporation (WBS) spent $49.6M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Webster Financial Corporation (WBS) returned $283.5M to shareholders via cash dividends and spent $616.4M on share repurchases. This shows the company's commitment to returning capital to its equity investors.