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Webster Financial Corporation Company profile

About Webster Financial Corporation

Webster Financial Corporation is a bank and financial holding company. Its principal consolidated subsidiary is Webster Bank (the Bank). Its subsidiaries also include Webster Wealth Advisors, Inc. and Webster Licensing, LLC. Webster Bank delivers a wide range of banking, investment, and financial services through three reportable segments, which include Commercial Banking, HSA Bank and Community Banking. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking. The Community Banking segment consists of its Personal Banking and Business Banking segments. HSA Bank, a division of its subsidiary, Webster Bank, National Association, offers health savings accounts, health reimbursement accounts, flexible spending accounts, and other financial solutions.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Webster Financial Corporation interest income decreased 6% to $942.8M. Net interest income after loan loss provision increased 7% to $955.6M. Net income applicable to common stockholders increased 89% to $398.7M. Net interest income after loan loss provision reflects Commercial Banking segment increase of 51% to $638.8M, HSA Bank segment increase of 4% to $168.6M.

Equity composition

Common Stock $.01 Par, 03/11, 200M auth., 90,694,337 issd., less 3,764,429 shs in treas.@ $146.7M. Insiders & stakeholders own 1.46%. PO 12/86, 2,575,799 shares @ $11.50 by Merrill Lynch. 4/98, 2-for-1 split; 6/93, 10% stock dividend. 10/06, Co. acq. NewMil Bancorp, Inc. @ 0.8736 shs (3,583,239 shares issd.).