HSA Bank

Webster Financial Corporation Announces Q3 2023 Earnings Release and Conference Call

Retrieved on: 
Tuesday, October 10, 2023

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 third 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 October 19, 2023

Webster Appoints Kristy Berner as Executive Vice President, General Counsel and Corporate Secretary

Retrieved on: 
Tuesday, September 19, 2023

and its HSA Bank division, announced today that Kristy Berner has been appointed Executive Vice President, General Counsel and Corporate Secretary of Webster Financial Corporation and Webster Bank.

Key Points: 
  • and its HSA Bank division, announced today that Kristy Berner has been appointed Executive Vice President, General Counsel and Corporate Secretary of Webster Financial Corporation and Webster Bank.
  • View the full release here: https://www.businesswire.com/news/home/20230919111813/en/
    Kristy Berner, Executive Vice President, General Counsel and Corporate Secretary, Webster Bank and Webster Financial Corporation (Photo: Business Wire)
    Berner has more than twenty years’ experience in the financial services industry, most recently serving as Executive Vice President, Deputy General Counsel and Assistant Corporate Secretary at M&T Bank Corporation.
  • Prior to joining M&T, she was the General Counsel and Corporate Secretary at both People’s United Bank and First Niagara Bank, as well as the Deputy General Counsel at KeyBank.
  • “Kristy is an experienced professional in financial services,” said John Ciulla, President and CEO of Webster Financial Corporation and CEO of Webster Bank.

Webster Raises Prime Lending Rate to 8.50 Percent

Retrieved on: 
Wednesday, July 26, 2023

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that it has raised its prime lending rate to 8.50 percent from 8.25 percent, effective July 27, 2023.

Key Points: 

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that it has raised its prime lending rate to 8.50 percent from 8.25 percent, effective July 27, 2023.

Webster Reports Second Quarter 2023 EPS of $1.32; Adjusted EPS of $1.50

Retrieved on: 
Thursday, July 20, 2023

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

Key Points: 
  • Quarterly net interest income compared to the second quarter of 2022:
    Net interest income was $583.8 million compared to $486.7 million.
  • Quarterly non-interest income compared to the second quarter of 2022:
    Total non-interest income was $89.4 million compared to $120.9 million, a decrease of $31.5 million.
  • Quarterly non-interest expense compared to the second quarter of 2022:
    Total non-interest expense was $344.1 million compared to $358.2 million, a decrease of $14.1 million.
  • A conference call covering Webster’s second quarter 2023 earnings announcement will be held today, Thursday, July 20, 2023 at 9:00 a.m. Eastern Time.

Webster Financial Corporation Declares Common and Preferred Dividends

Retrieved on: 
Wednesday, July 19, 2023

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 September 15, 2023, to shareholders of record on September 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 October 15, 2023, to shareholders of record on September 30, 2023.

Webster Financial Corporation Announces Q2 2023 Earnings Release and Conference Call

Retrieved on: 
Monday, July 10, 2023

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 second quarter 2023 earnings release and conference call:

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 second quarter 2023 earnings release and conference call:

HUB INTERNATIONAL EXPANDS HUB RETIREMENT SOLUTIONS WITH HSA INVESTMENT ACCOUNT

Retrieved on: 
Tuesday, June 13, 2023

CHICAGO, June 13, 2023 /PRNewswire/ -- HUB Retirement and Private Wealth (HUB RPW), a division of Hub International Limited (HUB), announced today the launch of HUB HSA Investment Account, which will provide HUB clients in the U.S. the opportunity to save pre-tax dollars for future qualified medical expenses and invest in HUB selected funds.

Key Points: 
  • CHICAGO, June 13, 2023 /PRNewswire/ -- HUB Retirement and Private Wealth (HUB RPW), a division of Hub International Limited (HUB), announced today the launch of HUB HSA Investment Account , which will provide HUB clients in the U.S. the opportunity to save pre-tax dollars for future qualified medical expenses and invest in HUB selected funds.
  • "With HUB HSA Investment Account, we are helping individuals, employers and partners simplify health and financial wellness decisions and drive stronger retirement outcomes."
  • HUB HSA Investment Account helps clients leverage the unique tax benefits of a Health Savings Account (HSA) to plan for future healthcare expenses, which in turn will help to bridge the retirement healthcare savings gap.
  • HUB HSA Investment Account works in partnership with HSA Bank, a leader in health savings account administration, services and support.

HSA Bank’s Sixth Annual Health and Wealth Index℠ Highlights Growing Focus on Mental Health Benefits and Retirement Challenges

Retrieved on: 
Tuesday, June 6, 2023

HSA Bank, a division of Webster Bank, N.A., today published its sixth annual HSA Bank Health & Wealth IndexSM, a comprehensive report that examines trends in consumer financial and physical health, with a continued focus on mental health.

Key Points: 
  • HSA Bank, a division of Webster Bank, N.A., today published its sixth annual HSA Bank Health & Wealth IndexSM, a comprehensive report that examines trends in consumer financial and physical health, with a continued focus on mental health.
  • "As we reflect on the findings from our sixth annual Health & Wealth IndexSM, we’re still seeing a commitment to health and wealth among Americans despite challenges such as escalating economic concerns," said Chad Wilkins, President of HSA Bank.
  • Concurrently, we're observing increased demand for mental health services, and an undeniable concern over retirement preparedness, exacerbated by a lack of savings.
  • We're diligently delivering personalized insights and experiences to meet the increasing demand for mental health support as well as overall health and financial wellness."

HSA Bank Expands Offerings to Help Benefit Participants Cover Education Costs

Retrieved on: 
Thursday, May 4, 2023

HSA Bank, a division of Webster Bank, N.A., announced today that it will offer a Tuition Reimbursement Account (TRA) solution, an employer-provided benefit that can help employees pay for their degree, tuition, specialized training, and other costs associated with ongoing education.

Key Points: 
  • HSA Bank, a division of Webster Bank, N.A., announced today that it will offer a Tuition Reimbursement Account (TRA) solution, an employer-provided benefit that can help employees pay for their degree, tuition, specialized training, and other costs associated with ongoing education.
  • This may include tuition, books and other required learning materials, registration fees, lab fees, exam fees and more.
  • “Tuition Reimbursement Accounts are an excellent addition to our comprehensive benefits offerings,” said Chad Wilkins, President of HSA Bank.
  • TRAs will help make education more affordable, while helping employers show their dedication to professional development.”

Webster Raises Prime Lending Rate to 8.25 Percent

Retrieved on: 
Wednesday, May 3, 2023

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that it has raised its prime lending rate to 8.25 percent from 8.00 percent, effective May 4, 2023.

Key Points: 

Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that it has raised its prime lending rate to 8.25 percent from 8.00 percent, effective May 4, 2023.