Declared Dividend • Aug 04
Second quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 10th August 2026 Payment date: 20th August 2026 Dividend yield will be 2.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (26% payout ratio) and is expected to be well covered in 3 years' time (24% forecast payout ratio). The dividend has increased by an average of 5.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 22
Second quarter 2026 earnings released: EPS: US$1.56 (vs US$1.52 in 2Q 2025) Second quarter 2026 results: EPS: US$1.56. Revenue: US$708.5m (up 5.8% from 2Q 2025). Net income: US$249.4m (flat on 2Q 2025). Profit margin: 35% (down from 38% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Banks industry in Europe. Aankondiging • Jul 22
Webster Financial Corporation Reports Net Charge Offs for the Second Quarter Ended June 30, 2026 Webster Financial Corporation reported net charge offs charges for the second quarter ended June 30, 2026. For the period, the company reported total net charge-offs of $42,698,000 compared to $36,401,000 a year ago. Aankondiging • Jul 11
Webster Financial Corporation to Report Q2, 2026 Results on Jul 21, 2026 Webster Financial Corporation announced that they will report Q2, 2026 results After-Market on Jul 21, 2026 Aankondiging • May 01
Webster Financial Corporation announces Quarterly dividend, payable on May 21, 2026 Webster Financial Corporation announced Quarterly dividend of USD 0.4000 per share payable on May 21, 2026, ex-date on May 11, 2026 and record date on May 11, 2026. Aankondiging • Apr 29
Webster Financial Corporation Reports Net Charge Offs for the First Quarter Ended March 31, 2026 Webster Financial Corporation reported net charge offs for the first quarter ended March 31, 2026. For the period, the company reported total net charge-offs of $41,216,000 compared to $54,957,000 a year ago. Aankondiging • Apr 10
Webster Financial Corporation to Report Q1, 2026 Results on Apr 28, 2026 Webster Financial Corporation announced that they will report Q1, 2026 results After-Market on Apr 28, 2026 Aankondiging • Feb 04
Banco Santander, S.A. (BME:SAN) signed a definitive agreement to acquire Webster Financial Corporation (NYSE:WBS) for $12.1 billion. Banco Santander, S.A. (BME:SAN) signed a definitive agreement to acquire Webster Financial Corporation (NYSE:WBS) for $12.1 billion on February 3, 2026. A cash consideration of $7.86 billion valued at $48.75 per share will be paid by Banco Santander, S.A. and 2.0548 Santander shares in the form of American Depositary Shares representing $26.25 per Webster share. The combination is also expected to deliver significant combined cost synergies of approximately $800 million. The consideration mix represents 65% cash and 35% newly issued Santander shares in the form of American Depositary Shares. The transaction is self-funded through excess capital and future capital generation, enhancing Santander’s capital flexibility and long-term value creation capacity.
Christiana Riley will remain Santander’s country head in the U.S. and Santander Holdings USA (‘SHUSA’) Chief Executive Officer (‘CEO’). Webster’s current CEO, John Ciulla, will be the CEO of Santander Bank NA (‘SBNA’) into which Webster’s businesses will be integrated. Luis Massiani, Webster’s President and Chief Operating Officer (‘COO’), will be COO of both SHUSA and SBNA with responsibility for leading the integration. Mr. Ciulla and Mr. Massiani will both continue to be based in Webster’s existing headquarters in Stamford, Connecticut, which will be a core corporate office for Santander, alongside its corporate offices in Boston, New York, Miami and Dallas. Tim Ryan will continue to chair the board of directors of SHUSA.Until the transaction closes, Santander and Webster will continue to operate as separate companies, and there will be no changes to Santander or Webster customer accounts, branch access or day-to-day service.
The transaction is expected to deliver earnings per share accretion of approximately 7-8% for Santander shareholders by 2028 and the combination is also expected to deliver significant combined cost synergies of approximately $800 million. Under the terms of the definitive agreement, which has been unanimously approved by the board of directors of Webster and the relevant bodies of Santander, Webster will become a wholly-owned subsidiary of Santander.
The transaction is subject to approval of offer by acquirer shareholders, approval by regulatory board and approval of offer by target shareholders. The expected completion of the transaction is in in the second half of 2026.
Centerview Partners LLC acted as financial advisor for Banco Santander, S.A. Goldman Sachs & Co. LLC acted as financial advisor for Banco Santander, S.A. Bank of America Europe DAC acted as financial advisor for Banco Santander, S.A. Davis Polk & Wardwell LLP acted as legal advisor for Banco Santander, S.A. Uría Menéndez Abogados, S.L.P. acted as legal advisor for Banco Santander, S.A. J.P. Morgan Securities LLC acted as financial advisor for Webster Financial Corporation. J.P. Morgan Securities LLC acted as fairness opinion provider for Webster Financial Corporation. Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor for Webster Financial Corporation. Piper Sandler & Co. acted as financial advisor for Webster Financial Corporation. Aankondiging • Jan 29
Webster Financial Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on February 19, 2026 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable February 19, 2026, to shareholders of record as of February 9, 2026. Aankondiging • Jan 23
Webster Financial Corporation Reports Unaudited Net Charge Offs for the Fourth Quarter December 31, 2025 Webster Financial Corporation reported unaudited net charge offs for the fourth quarter December 31, 2025. For the quarter, the company reported Total net charge-offs of $49,491,000 against $60,871,000 a year ago. Aankondiging • Jan 12
Webster Financial Corporation and Webster Bank, N.A. Announces Chief Accounting Officer Changes, Effective January 6, 2026 On January 6, 2026, Webster Financial Corporation (the “Company”), the holding company for Webster Bank, National Association (the “Bank” and, together with the Company, “Webster”), appointed Kristen Antonopoulos as the Chief Accounting Officer of Webster. In connection with Ms. Antonopoulos’ appointment, Gregory S. Madar has relinquished the role of Interim Chief Accounting Officer for Webster. Ms. Antonopoulos, age 43, has over 20 years of relevant experience. She previously worked for American Express in a variety of roles from 2006 to 2025, and most recently served as the Vice President – Finance since 2020. Ms. Antonopoulos received a Bachelor of Science in Accounting from Western Connecticut State University and an Master of Business Administration in Finance and Accounting from New York University. Aankondiging • Jan 07
Webster Financial Corporation to Report Q4, 2025 Results on Jan 23, 2026 Webster Financial Corporation announced that they will report Q4, 2025 results at 7:30 AM, US Eastern Standard Time on Jan 23, 2026 Aankondiging • Oct 30
Webster Financial Corporation Declares Quarterly Cash Dividend, Payable on November 20, 2025 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable November 20, 2025, to shareholders of record as of November 10, 2025. Aankondiging • Oct 17
Webster Financial Corporation Reports Net-Charge Offs for the Third Quarter Ended September 30, 2025 Webster Financial Corporation reported net-charge offs for the third quarter ended September 30, 2025. For the quarter, the company reported Net charge-offs were $38.4 million, compared to $36.4 million in the prior quarter, and $35.4 million a year ago. The ratio of net charge-offs to average loans and leases was 0.28%, compared to 0.27% in both the prior quarter and a year ago. Aankondiging • Oct 10
Webster Financial Corporation to Report Q3, 2025 Results on Oct 17, 2025 Webster Financial Corporation announced that they will report Q3, 2025 results at 7:30 AM, US Eastern Standard Time on Oct 17, 2025 Aankondiging • Jul 31
Webster Financial Corporation Declares Common Share Dividends, Payable on August 21, 2025 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable August 21, 2025, to shareholders of record as of August 11, 2025. Aankondiging • Jul 22
Webster Financial Corporation and Webster Bank, National Association Announce Executive Changes On July 18, 2025, Albert J. Wang informed Webster Financial Corporation (the “Company”) and Webster Bank, National Association (the “Bank”) of his decision to resign as Executive Vice President and Chief Accounting Officer of the Company and the Bank to pursue another professional opportunity. Mr. Wang will continue to serve the Company and the Bank in his current role through September 2, 2025, to assist in the transition process. Effective September 3, 2025, upon Mr. Wang’s resignation, Gregory S. Madar, Senior Managing Director, Corporate Controller, will serve as Interim Chief Accounting Officer while the Company conducts an internal and external search for Mr. Wang’s successor. Mr. Madar has served as Corporate Controller of the Bank since November 2023, and previously served as Chief Financial Officer of HSA Bank, a division of the Bank, from 2017 to 2023, and Chief Accounting Officer from 2011 to 2017. Aankondiging • Jul 17
Webster Financial Corporation Announces Net Charge Offs for Second Quarter Ended June 30, 2025 Webster Financial Corporation announce net charge offs for second quarter ended June 30, 2025. For the quarter, the company announced net charge-offs of $36.4 million, compared to $55.0 million in the prior quarter, and $33.1 million a year ago. The ratio of net charge-offs to average loans and leases was 0.2%, compared to 0.42% in the prior quarter, and 0.26 % a year ago. Aankondiging • Jul 08
Webster Financial Corporation to Report Q2, 2025 Results on Jul 17, 2025 Webster Financial Corporation announced that they will report Q2, 2025 results at 7:30 AM, US Eastern Standard Time on Jul 17, 2025 Aankondiging • Jun 19
Webster Financial Corporation Appoints Andrea Mills as Executive Managing Director, Effective Date Is July 1, 2025 Webster Financial Corporation appointed Andrea Mills as Executive Managing Director, Effective date is July 1, 2025. Mills, a member of the executive team since 2018, most recently served as the Chief Client Officer of Ametros. As President, she will now oversee all aspects of Ametros’ operations and continue leading the company’s efforts to improve outcomes for injured individuals after an insurance settlement. Aankondiging • May 01
Webster Financial Corporation Declares Quarterly Cash Dividend on its Common Stock, Payable on May 22, 2025 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable May 22, 2025, to shareholders of record as of May 12, 2025. Aankondiging • Apr 24
Webster Financial Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2025 Webster Financial Corporation Reported net charge-offs for the first quarter ended March 31, 2025. For the quarter, the company reported Total net charge-offs of $54,957,000 compared to $37,489,000 a year ago. Aankondiging • Apr 08
Webster Financial Corporation to Report Q1, 2025 Results on Apr 24, 2025 Webster Financial Corporation announced that they will report Q1, 2025 results at 7:30 AM, Eastern Standard Time on Apr 24, 2025 Aankondiging • Apr 02
Webster Financial Corporation Announces Retirement of Dan Bley as Executive Vice President and Chief Risk Officer Webster Financial Corporation announced that after 14 years with the Company, Dan Bley intends to retire from his role as Executive Vice President and Chief Risk Officer (CRO). Mr. Bley will continue to serve as the Company’s CRO until a successor is appointed and will then serve in an advisory role to ensure a smooth transition. Aankondiging • Jan 30
Webster Financial Corporation Declares Quarterly Cash Dividend on Common Shares, Payable on February 20, 2025 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable on February 20, 2025, to shareholders of record as of February 10, 2025. Aankondiging • Jan 08
Webster Financial Corporation to Report Q4, 2024 Results on Jan 17, 2025 Webster Financial Corporation announced that they will report Q4, 2024 results at 7:30 AM, US Eastern Standard Time on Jan 17, 2025 New Risk • Nov 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Significant insider selling over the past 3 months (€2.3m sold). Recent Insider Transactions • Nov 09
Insider recently sold €542k worth of stock On the 6th of November, Javier Evans sold around 10k shares on-market at roughly €53.49 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.7m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €55.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 21% over the past three years. Declared Dividend • Oct 28
Third quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 1st November 2024 Payment date: 12th November 2024 Dividend yield will be 3.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (36% payout ratio) and is expected to be well covered in 3 years' time (26% forecast payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Oct 25
Webster Financial Corporation Declares Quarterly Cash Dividend, Payable on November 12, 2024 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable November 12, 2024, to shareholders of record as of November 1, 2024. Reported Earnings • Oct 17
Third quarter 2024 earnings released: EPS: US$1.10 (vs US$1.29 in 3Q 2023) Third quarter 2024 results: EPS: US$1.10 (down from US$1.29 in 3Q 2023). Revenue: US$593.6m (down 7.4% from 3Q 2023). Net income: US$188.8m (down 14% from 3Q 2023). Profit margin: 32% (down from 34% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Oct 09
Webster Financial Corporation to Report Q3, 2024 Results on Oct 17, 2024 Webster Financial Corporation announced that they will report Q3, 2024 results at 7:30 AM, US Eastern Standard Time on Oct 17, 2024 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €38.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 1.9% over the past three years. New Risk • Jul 30
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €718k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: US$1.05 (vs US$1.32 in 2Q 2023) Second quarter 2024 results: EPS: US$1.05 (down from US$1.32 in 2Q 2023). Revenue: US$555.6m (down 13% from 2Q 2023). Net income: US$177.5m (down 22% from 2Q 2023). Profit margin: 32% (down from 36% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 23
Webster Financial Corporation Announces Unaudited Net Charge-Offs for the Second Quarter Ended June 30, 2024 Webster Financial Corporation announced unaudited net charge-offs for the second quarter ended June 30, 2024. For the quarter, the company reported Total net charge-offs of $33,128,000 compared to $20,252,000 a year ago. Declared Dividend • Jul 22
First quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 29th July 2024 Payment date: 8th August 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (33% payout ratio) and is expected to be well covered in 3 years' time (26% forecast payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 18
Webster Financial Corporation Declares Common Dividend, Payable on August 8, 2024 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable August 8, 2024, to shareholders of record as of July 29, 2024. Aankondiging • Jul 10
Webster Financial Corporation to Report Q2, 2024 Results on Jul 23, 2024 Webster Financial Corporation announced that they will report Q2, 2024 results at 7:30 AM, US Eastern Standard Time on Jul 23, 2024 Declared Dividend • Apr 29
First quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 3rd May 2024 Payment date: 16th May 2024 Dividend yield will be 3.6%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (33% payout ratio) and is expected to be well covered in 3 years' time (26% forecast payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Apr 25
Webster Financial Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on May 16, 2024 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable on May 16, 2024, to shareholders of record as of May 6, 2024. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$1.23 (vs US$1.24 in 1Q 2023) First quarter 2024 results: EPS: US$1.23 (down from US$1.24 in 1Q 2023). Revenue: US$621.6m (flat on 1Q 2023). Net income: US$212.2m (down 1.3% from 1Q 2023). Profit margin: 34% (in line with 1Q 2023). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Apr 23
Webster Financial Corporation Announces Net Charge Offs for the Quarter Ended March 31, 2024 Webster Financial Corporation announced net charge offs for the quarter ended March 31, 2024. For the quarter, the company reported Total net charge-offs of $37,489,000 against $24,521,000 a year ago. Aankondiging • Apr 06
Webster Financial Corporation to Report Q1, 2024 Results on Apr 23, 2024 Webster Financial Corporation announced that they will report Q1, 2024 results at 7:30 AM, Eastern Standard Time on Apr 23, 2024 Aankondiging • Mar 16
Webster Financial Corporation, Annual General Meeting, Apr 24, 2024 Webster Financial Corporation, Annual General Meeting, Apr 24, 2024, at 15:00 US Eastern Standard Time. Agenda: To consider Election of Directors - To elect eleven directors to serve for one-year terms; to approve, on a non-binding, advisory basis, the compensation of the named executive officers (“ NEOs”) of Webster; to consider Auditor Ratification - To vote, on a non-binding basis, to ratify the appointment of KPMG LLP as the independent registered public accounting firm of Webster for the year ending December 31, 2024; to transact any other business that properly comes before the Annual Meeting, or any adjournments thereof. Recent Insider Transactions • Mar 14
Insider recently sold €622k worth of stock On the 11th of March, Christopher Motl sold around 14k shares on-market at roughly €44.84 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €643k. Insiders have been net sellers, collectively disposing of €4.2m more than they bought in the last 12 months. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$4.91 (vs US$3.72 in FY 2022) Full year 2023 results: EPS: US$4.91 (up from US$3.72 in FY 2022). Revenue: US$2.50b (up 14% from FY 2022). Net income: US$843.3m (up 35% from FY 2022). Profit margin: 34% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.52% (up from 3.49% in FY 2022). Cost-to-income ratio: 42.2% (down from 43.4% in FY 2022). Non-performing loans: 0.41% (no change from 0.41% in FY 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jan 31
COO & Senior Executive VP recently sold €643k worth of stock On the 30th of January, Luis Massiani sold around 14k shares on-market at roughly €47.64 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Luis has been a net seller over the last 12 months, reducing personal holdings by €1.2m. Aankondiging • Jan 31
Webster Financial Corporation Announces Executive Changes, Effective as of February 1, 2024 On January 24, 2024, Webster Financial Corporation appointed Luis Massiani, currently President and Chief Operating Officer of Webster Bank, N.A., as the Company’s President and Chief Operating Officer, effective as of February 1, 2024, to serve in such capacity until his successor is duly appointed, or his earlier termination, resignation, death or removal from office. Mr. Massiani will continue to serve as Chief Operating Officer and Senior Executive Vice President of the Bank. Also effective February 1, 2024, John Ciulla, currently President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank, will assume the role of President of the Bank. Mr. Cuilla will continue to serve as Chief Executive Officer of both the Company and the Bank. As previously disclosed, in connection with Webster’s merger with Sterling Bancorp, on January 31, 2022, Jack L. Kopnisky was appointed Executive Chairman of the Company’s and the Bank’s Boards of Directors (together, the “Boards ”) and was a named executive officer in the Proxy Statement. Pursuant to the Company’s Bylaws, as amended, effective as of January 31, 2024 (the 24-month anniversary of the effective time of Merger), Mr. Kopnisky will cease to serve as a member of both Boards and will instead serve as a strategic consultant to the Company and the Bank. Following Mr. Kopnisky’s departure, Mr. Ciulla will succeed Mr. Kopnisky as Chairman of both Boards and the size of the Company’s Board of Directors will be decreased by one member to 14 directors. Declared Dividend • Jan 28
Fourth quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 2nd February 2024 Payment date: 16th February 2024 Dividend yield will be 3.2%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by earnings (33% payout ratio) and is expected to be well covered in 3 years' time (23% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jan 25
Webster Financial Corporation Declares Quarterly Cash Dividend, Payable on February 16, 2024 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable February 16, 2024, to shareholders of record as of February 5, 2024. Reported Earnings • Jan 24
Full year 2023 earnings released: EPS: US$4.91 (vs US$3.72 in FY 2022) Full year 2023 results: EPS: US$4.91 (up from US$3.72 in FY 2022). Revenue: US$2.50b (up 14% from FY 2022). Net income: US$851.2m (up 37% from FY 2022). Profit margin: 34% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 23
Webster Financial Corporation Reports Net Charge Offs for the Quarter Ended December 31, 2023 Webster Financial Corporation reported net charge offs for the quarter ended December 31, 2023. For the quarter, the company reported net charge-offs were $34.0 million, compared to $29.3 million in the prior quarter, and $20.2 million a year ago. The ratio of net charge-offs to average loans and leases was 0.27%, compared to 0.23% in the prior quarter, and 0.17% a year ago. Aankondiging • Jan 12
Webster Financial Corporation to Report Q4, 2023 Results on Jan 23, 2024 Webster Financial Corporation announced that they will report Q4, 2023 results at 7:30 AM, US Eastern Standard Time on Jan 23, 2024 Recent Insider Transactions • Dec 17
Executive Chairman of the Board recently sold €1.2m worth of stock On the 13th of December, Jack Kopnisky sold around 25k shares on-market at roughly €46.34 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jack's only on-market trade for the last 12 months. Aankondiging • Oct 25
Webster Financial Corporation Announces Quarterly Cash Dividend, Payable on November 13, 2023 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable November 13, 2023, to shareholders of record as of November 3, 2023. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: US$1.29 (vs US$1.31 in 3Q 2022) Third quarter 2023 results: EPS: US$1.29 (down from US$1.31 in 3Q 2022). Revenue: US$641.0m (up 2.1% from 3Q 2022). Net income: US$226.5m (flat on 3Q 2022). Profit margin: 35% (in line with 3Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 11
Webster Financial Corporation to Report Q3, 2023 Results on Oct 19, 2023 Webster Financial Corporation announced that they will report Q3, 2023 results at 7:30 AM, US Eastern Standard Time on Oct 19, 2023 Aankondiging • Sep 20
Webster Financial Corporation Appoints Kristy Berner as Executive Vice President, General Counsel and Corporate Secretary Webster Financial Corporation announced that Kristy Berner has been appointed Executive Vice President, General Counsel and Corporate Secretary of the company. She will lead all of Webster’s corporate legal services. 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. Berner began her legal career at Hodgson Russ LLP, where her practice focused on mergers and acquisitions, securities and corporate matters. Berner served as a member of the Quinnipiac University Center for Women in Business Advisory Board and as a prior Chair and Vice-Chair of the American Bankers Association General Counsel Group. She is a long-standing member of the Society for Corporate Governance as well as a variety of other legal and bank trade group associations. Berner earned a bachelor’s degree in political science and psychology, an MBA and her law degree from the State University of New York at Buffalo. Upcoming Dividend • Jul 25
Upcoming dividend of US$0.40 per share at 3.5% yield Eligible shareholders must have bought the stock before 01 August 2023. Payment date: 16 August 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.8%). Aankondiging • Jul 23
Webster Financial Corporation Provides Earnings Guidance for the Full Year 2023 Webster Financial Corporation provided earnings guidance for the full year 2023. For the year, the company expected net interest income of $2.350 billion. Aankondiging • Jul 22
Webster Financial Corporation Declares Quarterly Cash Dividend, Payable on August 16, 2023 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable August 16, 2023, to shareholders of record as of August 2, 2023. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: US$1.32 (vs US$1.00 in 2Q 2022) Second quarter 2023 results: EPS: US$1.32 (up from US$1.00 in 2Q 2022). Revenue: US$641.7m (up 7.8% from 2Q 2022). Net income: US$230.8m (up 31% from 2Q 2022). Profit margin: 36% (up from 30% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year. Aankondiging • Jul 12
Webster Financial Corporation to Report Q2, 2023 Results on Jul 20, 2023 Webster Financial Corporation announced that they will report Q2, 2023 results at 7:30 AM, US Eastern Standard Time on Jul 20, 2023 Recent Insider Transactions • Jun 09
COO & Senior Executive VP recently sold €558k worth of stock On the 6th of June, Luis Massiani sold around 16k shares on-market at roughly €34.87 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Luis has been a net seller over the last 12 months, reducing personal holdings by €1.9m. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: US$3.72 (vs US$4.43 in FY 2021) Full year 2022 results: EPS: US$3.72. Revenue: US$2.19b (up 72% from FY 2021). Net income: US$628.4m (up 58% from FY 2021). Profit margin: 29% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.49% (up from 2.84% in FY 2021). Cost-to-income ratio: 43.4% (down from 56.2% in FY 2021). Non-performing loans: 0.41% (down from 0.49% in FY 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €40.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 103% over the past three years. Aankondiging • Jan 27
Webster Financial Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022 Webster Financial Corporation reported net charge-offs for the fourth quarter ended December 31, 2022. For the quarter, the company reported total net charge-offs of $20,233,000. Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$3.72 (vs US$4.43 in FY 2021) Full year 2022 results: EPS: US$3.72. Revenue: US$2.19b (up 72% from FY 2021). Net income: US$628.4m (up 58% from FY 2021). Profit margin: 29% (down from 31% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Aankondiging • Jan 26
Webster Financial Corporation Declares Quarterly Common Dividend, Payable on February 17, 2023 Webster Financial Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable February 17, 2023, to shareholders of record as of February 6, 2023. Aankondiging • Jan 10
Webster Financial Corporation to Report Q4, 2022 Results on Jan 26, 2023 Webster Financial Corporation announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Jan 26, 2023 Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$1.32 (vs US$1.04 in 3Q 2021) Third quarter 2022 results: EPS: US$1.32 (up from US$1.04 in 3Q 2021). Revenue: US$628.1m (up 106% from 3Q 2021). Net income: US$229.8m (up 147% from 3Q 2021). Profit margin: 37% (up from 31% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Recent Insider Transactions • Sep 10
COO & Executive VP recently sold €950k worth of stock On the 8th of September, Luis Massiani sold around 20k shares on-market at roughly €47.50 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Luis has been a net seller over the last 12 months, reducing personal holdings by €1.3m. Recent Insider Transactions • Aug 10
COO & Executive VP recently sold €366k worth of stock On the 5th of August, Luis Massiani sold around 8k shares on-market at roughly €45.71 per share. This was the largest sale by an insider in the last 3 months. This was Luis' only on-market trade for the last 12 months. Upcoming Dividend • May 04
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (6.4%). Reported Earnings • Apr 29
First quarter 2022 earnings released: US$0.14 loss per share (vs US$1.18 profit in 1Q 2021) First quarter 2022 results: US$0.14 loss per share (down from US$1.18 profit in 1Q 2021). Revenue: US$309.4m (down 5.2% from 1Q 2021). Net loss: US$20.2m (down 119% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 92%, compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Mar 02
Executive VP & Chief Risk Officer recently sold €214k worth of stock On the 28th of February, Daniel Bley sold around 4k shares on-market at roughly €53.59 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: US$1.28b (up 23% from FY 2020). Net income: US$398.7m (up 89% from FY 2020). Profit margin: 31% (up from 20% in FY 2020). Net interest margin (NIM): 2.84% (down from 3.00% in FY 2020). Cost-to-income ratio: 56.2% (down from 59.6% in FY 2020). Non-performing loans: 0.49% (down from 0.78% in FY 2020). Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 77%, compared to a 9.7% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Jan 21
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$4.43 (up from US$2.35 in FY 2020). Revenue: US$1.28b (up 23% from FY 2020). Net income: US$398.7m (up 89% from FY 2020). Profit margin: 31% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 74%, compared to a 11% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Linda Ianieri was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 01
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 08 November 2021. Payment date: 23 November 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.9%). Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS US$1.04 (vs US$0.75 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$305.7m (up 13% from 3Q 2020). Net income: US$93.2m (up 39% from 3Q 2020). Profit margin: 31% (up from 25% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 15% share price gain to €47.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Banks industry in Europe. Negligible returns to shareholders over past three years. Upcoming Dividend • Jul 26
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 02 August 2021. Payment date: 17 August 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.8%). Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS US$1.02 (vs US$0.57 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$315.1m (up 29% from 2Q 2020). Net income: US$91.6m (up 81% from 2Q 2020). Profit margin: 29% (up from 21% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year. Reported Earnings • May 10
First quarter 2021 earnings released: EPS US$1.18 (vs US$0.40 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$326.3m (up 43% from 1Q 2020). Net income: US$105.5m (up 193% from 1Q 2020). Profit margin: 32% (up from 16% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Apr 21
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$326.3m (up 43% from 1Q 2020). Net income: US$105.5m (up 193% from 1Q 2020). Profit margin: 32% (up from 16% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS US$2.35 (vs US$4.07 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.04b (down 14% from FY 2019). Net income: US$211.5m (down 43% from FY 2019). Profit margin: 20% (down from 31% in FY 2019). Net interest margin (NIM): 3.00% (down from 3.55% in FY 2019). Cost-to-income ratio: 59.6% (up from 56.8% in FY 2019). Non-performing loans: 0.78% (up from 0.75% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improved over the past week After last week's 16% share price gain to US$46.66, the stock is trading at a trailing P/E ratio of 23.8x, up from the previous P/E ratio of 20.6x. This compares to an average P/E of 12x in the Banks industry in Europe. Total returns to shareholders over the past three years are 17%. Is New 90 Day High Low • Feb 24
New 90-day high: €44.39 The company is up 34% from its price of €33.23 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €69.05 per share. Recent Insider Transactions • Feb 24
Executive Vice President recently sold €206k worth of stock On the 18th of February, Charles Wilkins sold around 5k shares on-market at roughly €41.10 per share. In the last 3 months, there was an even bigger sale from another insider worth €209k. Insiders have been net sellers, collectively disposing of €127k more than they bought in the last 12 months. Recent Insider Transactions • Feb 11
Insider recently sold €209k worth of stock On the 9th of February, Christopher Motl sold around 5k shares on-market at roughly €41.72 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €99k more than they sold in the last 12 months. Recent Insider Transactions • Feb 02
Executive VP & Chief Risk Officer recently sold €158k worth of stock On the 28th of January, Daniel Bley sold around 4k shares on-market at roughly €39.62 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €337k more than they sold in the last 12 months. Upcoming Dividend • Feb 01
Upcoming Dividend of US$0.40 Per Share Will be paid on the 23rd of February to those who are registered shareholders by the 8th of February. The trailing yield of 3.4% is below the top quartile of German dividend payers (3.5%), and is lower than industry peers (5.6%). 
