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Webster Financial Corporation Announces Q1 2024 Earnings Release and Conference Call

Retrieved on:

Friday, April 5, 2024

Banking, Professional Services, Finance, WBS, HSA Bank, Webster Bank

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A.

Key Points:

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A.
and its HSA Bank division, today announced the following details for its first quarter 2024 earnings release and conference call:
Will be available shortly after the call’s completion, also at investors.websterbank.com
Will be available for one week, beginning at approximately 12:00 noon (Eastern) on April 23, 2024

Webster Announces CFO Transition

Retrieved on:

Monday, March 25, 2024

Banking, Professional Services, Business, Finance, WBS, MacInnes, CFO, Spencer Stuart, HSA Bank, Webster Bank, Retirement, Management

Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company for Webster Bank, N.A.

Key Points:

Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company for Webster Bank, N.A.
Mr. MacInnes will continue to serve as the Company’s CFO until a successor is appointed by Webster’s Board of Directors (“Board”) and will then serve in an advisory role to ensure a smooth transition.
“Glenn’s contributions as CFO have helped transform Webster into one of the best-performing regional banks in the nation.
As a result, today Webster is on strong financial footing and is well-positioned for long-term value creation as we continue helping clients achieve their goals,” said John Ciulla, Chairman and Chief Executive Officer of Webster Financial Corporation.

HSA Bank Expands Benefits Offered to Support Employee Financial Well-Being

Retrieved on:

Tuesday, March 19, 2024

Banking, Other Professional Services, Professional Services, Human Resources, Emergency, Retirement, Automation, HSA, Research, PwC, HSA Bank, ESA, Webster Bank, Health insurance

HSA Bank, a division of Webster Bank, N.A., announced today that it will offer an Emergency Savings Account (ESA) solution, an employer-sponsored benefit to help employees save for unexpected expenses.

Key Points:

HSA Bank, a division of Webster Bank, N.A., announced today that it will offer an Emergency Savings Account (ESA) solution, an employer-sponsored benefit to help employees save for unexpected expenses.
According to a recent survey from Webster Bank, a majority of Americans (57%) say saving for emergencies is a top financial priority, however, nearly one-third (31%) do not have an emergency fund.
These new consumer-owned bank accounts use automation and behavioral science to create incentive employer programs that encourage employees to build emergency savings.
“Financial wellness is one of the fastest growing areas of focus for employers and ESAs are a critical part of financial planning alongside retirement and healthcare spending,” said Chad Wilkins, President of HSA Bank.

Webster Financial Corporation Declares Common and Preferred Dividends

Retrieved on:

Wednesday, January 24, 2024

Banking, Professional Services, Finance, Webster Bank, HSA Bank, WBS

Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A.

Key Points:

Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A.
and its HSA Bank division, announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock.
On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable March 15, 2024, to shareholders of record on March 1, 2024.
On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share, 40 of which represents one share of Series G Preferred Stock), payable April 15, 2024, to shareholders of record on March 31, 2024.

Webster Reports Fourth Quarter 2023 EPS of $1.05; Adjusted EPS of $1.46

Retrieved on:

Tuesday, January 23, 2024

Banking, Other Professional Services, Professional Services, Finance, Webster Bank, FDIC, Total, WBS, Sale, Tax, GAAP, HSA Bank, Retail banking, Webcast, Commercial bank, Annual report, Airline

Quarterly net interest income compared to the fourth quarter of 2022:

Key Points:

Quarterly net interest income compared to the fourth quarter of 2022:
Net interest income was $571.0 million compared to $602.4 million.
Quarterly non-interest income compared to the fourth quarter of 2022:
Total non-interest income was $63.8 million compared to $102.2 million, a decrease of $38.4 million.
Total non-interest income includes a $16.8 million and $4.5 million loss on the sale of investment securities for the fourth quarter of 2023 and 2022, respectively.
A conference call covering Webster’s fourth quarter 2023 earnings announcement will be held today, Tuesday, January 23, 2024 at 9:00 a.m. Eastern Time.

Webster Financial Corporation Announces Q4 2023 Earnings Release and Conference Call

Retrieved on:

Thursday, January 11, 2024

Banking, Professional Services, Finance, Webster Bank, HSA Bank, WBS

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A.

Key Points:

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A.
and its HSA Bank division, today announced the following details for its fourth quarter 2023 earnings release and conference call:
Will be available shortly after the call’s completion, also at investors.websterbank.com
Will be available for one week, beginning at approximately 12:00 noon (Eastern) on January 23, 2024
The replay conference ID number is: 8607257

Webster Signs Definitive Agreement to Acquire Ametros

Retrieved on:

Friday, December 15, 2023

Insurance, Human Resources, Managed Care, Finance, General Health, Health, Professional Services, Health Insurance, Webster Bank, Growth, HSA Bank, Acquisition, NYSE, WBS, Webster

Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A.

Key Points:

Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A.
("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (“Ametros”), a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners (“Long Ridge”).
Upon the close of the transaction, Ametros will operate as a subsidiary of Webster.
“Webster is the perfect growth partner for our unique business,” says Ametros’ CEO, Porter Leslie.

Webster Signs Definitive Agreement to Acquire Ametros

Retrieved on:

Thursday, December 14, 2023

Banking, Professional Services, Insurance, Finance, Acquisition, NYSE, WBS, Webster, HSA Bank, Webster Bank, Hall, FDIC, Growth, IRR, Bank

Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A.

Key Points:

Webster Financial Corporation (NYSE: WBS) today announced that its principal bank subsidiary Webster Bank, N.A.
("Webster") has signed a definitive agreement to acquire Ametros Financial Corp (“Ametros”), a custodian and administrator of medical funds from insurance claim settlements, from funds managed by Long Ridge Equity Partners (“Long Ridge”).
Ametros, the nation’s largest professional administrator of medical insurance claim settlements, helps individuals manage their ongoing medical care through their CareGuard service and proprietary technology platform.
Upon the close of the transaction, Ametros will operate as a subsidiary of Webster.

Webster Financial Corporation Declares Common and Preferred Dividends

Retrieved on:

Friday, October 27, 2023

Banking, Professional Services, Finance, HSA Bank, Webster Bank, NYSE, WBS, Holding company, Security (finance)

Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A.

Key Points:

Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A.
and its HSA Bank division, announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock.
On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable December 15, 2023, to shareholders of record on December 1, 2023.
On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share, 40 of which represents one share of Series G Preferred Stock), payable January 15, 2023, to shareholders of record on December 31, 2023.

Webster Reports Third Quarter 2023 EPS of $1.28; Adjusted EPS of $1.55

Retrieved on:

Thursday, October 19, 2023

Quarterly net interest income compared to the third quarter of 2022:

Key Points:

Quarterly net interest income compared to the third quarter of 2022:
Net interest income was $587.1 million compared to $551.0 million.
Net charge-offs were $29.3 million, compared to $20.3 million in the prior quarter, and $28.5 million a year ago.
Total borrowings were $3.0 billion, compared to $5.6 billion at June 30, 2023, and $5.9 billion at September 30, 2022.
A conference call covering Webster’s third quarter 2023 earnings announcement will be held today, Thursday, October 19, 2023 at 9:00 a.m. Eastern Time.