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WBS-PF

Webster Financial Corporation

WBS-PF

Webster Financial Corporation • NYSE
$19.48 ▼ -0.44% (-0.09)
Market Cap $3.26 B
52w High $21.22
52w Low $18.02
Dividend Yield 1.31%
P/E 7.47
Volume 2.97K
Outstanding Shares 167.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.129B ▲ $356.669M ▲ $261.217M ▲ 23.133% ▼ $1.55 ▲ $350.27M ▲
Q2-2025 $1.095B ▲ $345.714M ▲ $258.848M ▲ 23.634% ▲ $1.52 ▲ $341.713M ▲
Q1-2025 $1.066B ▲ $343.644M ▲ $226.917M ▲ 21.285% ▲ $1.3 ▲ $301.893M ▲
Q4-2024 $1.048B ▼ $340.377M ▼ $177.766M ▼ 16.969% ▼ $1.01 ▼ $276.001M ▲
Q3-2024 $1.062B $348.958M $192.985M 18.175% $1.1 $260.784M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.063B ▲ $83.193B ▲ $73.73B ▲ $9.463B ▲
Q2-2025 $2.995B ▲ $81.914B ▲ $72.577B ▲ $9.338B ▲
Q1-2025 $2.518B ▲ $80.28B ▲ $71.076B ▲ $9.204B ▲
Q4-2024 $2.081B ▼ $79.025B ▼ $69.892B ▼ $9.133B ▼
Q3-2024 $3.209B $79.454B $70.256B $9.198B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $261.217M ▲ $374.72M ▲ $-1.261B ▼ $955.324M ▼ $68.562M ▼ $362.505M ▲
Q2-2025 $258.848M ▲ $270.914M ▲ $-1.088B ▼ $1.299B ▲ $481.643M ▲ $257.692M ▲
Q1-2025 $226.917M ▲ $94.89M ▼ $-738.364M ▲ $1.081B ▲ $437.842M ▲ $86.579M ▼
Q4-2024 $177.766M ▼ $891.316M ▲ $-1.136B ▼ $-878.106M ▼ $-1.123B ▼ $878.977M ▲
Q3-2024 $192.985M $45.312M $-716.385M $2.333B $1.662B $35.29M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q2-2025
Deposit Service Fees
Deposit Service Fees
 $40.00M ▲$40.00M ▲$120.00M ▲$40.00M ▼
Investment Advisory Management and Administrative Service
Investment Advisory Management and Administrative Service
 $10.00M ▲$10.00M ▲$20.00M ▲$10.00M ▼
Loans and Lease Related Fees
Loans and Lease Related Fees
 $0 ▲$0 ▲$10.00M ▲$0 ▼
NonInterest Income Within the Scope of Other GAAP Topics
NonInterest Income Within the Scope of Other GAAP Topics
 $-20.00M ▲$0 ▲$0 ▲$40.00M ▲
Other Non Interest Income
Other Non Interest Income
 $10.00M ▲$10.00M ▲$30.00M ▲$10.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Webster’s income statement shows a bank that has grown meaningfully over the last five years and turned that growth into higher profits, but with some recent pressure on margins. Revenue has climbed steadily as the bank expanded its balance sheet and fee-based activities. Operating and net income also moved up over time, which suggests management has generally controlled costs and credit quality reasonably well. However, profits have eased a bit more recently even as revenue continued to rise, pointing to tighter spreads, higher funding or operating costs, or more conservative loan-loss provisioning. Overall, earnings power looks solid and diversified, but not immune to the current interest rate and competitive environment.

Balance Sheet

Balance Sheet The balance sheet reflects a much larger institution today than five years ago, with total assets more than doubling over the period and then continuing to grow at a measured pace. Cash levels are higher than in the past but still modest relative to total assets, which is typical for a regional bank that relies on loans and securities rather than large idle cash balances. Debt rose sharply earlier in the period and has since been brought down, indicating some de‑leveraging and balance sheet cleanup. Equity has built steadily, which points to retained earnings and a stronger capital base to absorb shocks. In short, Webster looks like a scaled-up regional bank with improving capital strength and a more disciplined funding profile than a few years ago.

Cash Flow

Cash Flow Cash generation appears to be a quiet strength. Operating cash flow has stayed positive across the full period and generally moved higher, suggesting that earnings are backed by real cash, not just accounting. Free cash flow sits close to operating cash flow because capital spending is relatively low and stable, which is typical for a bank whose main investments are loans and technology rather than factories or heavy equipment. This pattern implies that Webster has flexibility to support growth, absorb credit cycles, and fund dividends or other capital uses without straining its core cash engine, as long as credit quality and funding conditions remain manageable.

Competitive Edge

Competitive Edge Webster’s competitive position is built less on being a generic regional bank and more on a mix of specialized niches, digital capabilities, and regional strength. Its health savings account business gives it a national platform with sticky, low-cost deposits and long-term relationships with employers and individuals. The Ametros business adds another specialized, hard-to-replicate niche in medical settlement administration. On top of this, Webster is building a Banking-as-a-Service platform with fintech partners, extending its reach beyond its physical footprint. The traditional Northeast regional franchise still matters, providing local relationships and a stable core deposit base. Against this, Webster faces the usual regional bank risks: intense competition for deposits, credit-cycle sensitivity, and regulatory scrutiny, especially around BaaS and specialized products. Overall, the mix of niches, technology, and regional roots provides a differentiated, though not risk-free, position.

Innovation and R&D

Innovation and R&D Webster is clearly leaning into technology and innovation rather than treating them as side projects. On the commercial side, the e‑Treasury platform and Virtual Account Manager show a push to make treasury and account management more digital, integrated, and data‑driven for business clients. On the consumer and deposit side, the BrioDirect digital bank opens a national channel to gather deposits and experiment with online products. Behind the scenes, management is investing in data infrastructure, cybersecurity, and controlled use of artificial intelligence, with a stated focus on moving from pilots to production in a disciplined way. HSA Bank and Ametros both rely heavily on proprietary platforms and user-friendly digital experiences, which can deepen client stickiness if Webster keeps them modern and secure. While banks don’t report “R&D” in the tech-company sense, Webster’s ongoing digital and AI initiatives suggest an active innovation agenda that could both improve efficiency and support new revenue streams over time.

Summary

Webster today looks like a significantly larger and more diversified regional bank than it was five years ago, with stronger earnings power, a bigger and better-capitalized balance sheet, and consistent cash generation. Its distinctiveness comes from specialized businesses (like HSA Bank and Ametros), emerging Banking‑as‑a‑Service partnerships, and a clear push into digital platforms and AI, layered on top of a traditional Northeast banking franchise. The main opportunities lie in scaling those niches, deepening digital relationships, and carefully expanding BaaS without overstretching risk and compliance. The main risks are familiar to regional banks—credit downturns, funding pressure, regulatory changes, and competition from both large banks and fintechs—but they are partly offset by Webster’s specialized, fee-oriented businesses and technology focus. Overall, it appears to be a growth‑transformed regional bank trying to balance innovation with prudence in a still‑uncertain rate and credit environment.