Overview
Webster Bank
Webster Financial Corporation is the holding company for Webster Bank, a leading commercial bank in the Northeast that operates nearly 200 branches in Connecticut, New York, Massachusetts, and Rhode Island. Webster Bank, and its HSA Bank division, provide a wide range of digital and traditional financial solutions to individuals and businesses. The company offers deposit and fee-based services, residential mortgages, credit cards, secured and unsecured
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Read More loans, and home equity lines through a distribution network consisting of banking centers, ATMs, a customer care center, and a full range of web and mobile-based banking services. It also offers equipment financing, commercial real estate lending, asset-based lending, and treasury and payment solutions, among others. The company has approximately $77 billion in assets.
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Read More loans, and home equity lines through a distribution network consisting of banking centers, ATMs, a customer care center, and a full range of web and mobile-based banking services. It also offers equipment financing, commercial real estate lending, asset-based lending, and treasury and payment solutions, among others. The company has approximately $77 billion in assets.
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#
758
Fortune 1000 Revenue Rank
John R Ciulla
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Depository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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National commercial banks
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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Modelled
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Actual
$4.18 billion
Actual
-2.75%
-11.42%
$79,025
DEC
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NYSE:WBS
Contacts
Get in Touch with 8 Principals* and 685 Contacts
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John R CiullaPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$4.18 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,404 | $979 | $1,336 |
| Net Investing Cash | -$3,869 | -$2,596 | -$7,186 |
| Net Financing Cash | $2,824 | $2,493 | $6,229 |
| Net Change in Cash | $359 | $876 | $378 |
| Cash at Beginning of Period | $1,716 | $840 | $462 |
| Cash at End of Period | $2,074 | $1,716 | $840 |
| Capital Expenditure | -$36 | -$40 | -$29 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $2,074 | $1,716 | $840 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $407 | $430 | $430 |
| Intangible Assets | $334 | $203 | $199 |
| Total Assets | $79,025 | $74,945 | $71,278 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short-Term Debt | $2,100 | $2,350 | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $919 | $1,059 | $6,534 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $69,892 | $66,255 | $63,221 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $2 | $2 | $2 |
| Retained Earnings | $3,759 | $3,283 | $2,714 |
| Equity Summary | |||
| Total Equity | $9,133 | $8,690 | $8,056 |
| Shares Outstanding | 171,391,125 | 172,021,956 | 174,007,573 |