WBS
Webster Financial Corporation63.70
-0.43-0.67%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
JV live, SecureSafe tuck-in, reg flexibility
Q&A revealed the Marathon JV is operational but not yet materially lifting loan growth, with modest income baked into conservative 5-7% guidance. Management confirmed a small SecureSafe acquisition adding employer emergency savings accounts, already reflected in metrics. They pivoted from Category 4 prep, avoiding $20-30M expenses to boost profitability or revenue bets. Credit spreads tightened 30-50bps, improving portfolio risk. Deposit competition stays fierce. NIM steady at 3.35%. Buybacks to match 2025 pace. Investors eye HSA acceleration and reg tailwinds.
Key Stats
Market Cap
10.59BP/E (TTM)
11.86Basic EPS (TTM)
5.37Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
Webster Financial grew total assets to $84.1B at FY2025 end, up from $79.0B, with loans expanding $4.1B to $56.6B on $15.1B originations across commercial non-mortgage, CRE, and residential categories, while deposits rose $4.0B to $68.8B led by $2.0B interSYNC money markets. Net income jumped 30% to $1.0B, ROA to 1.23%, ROTCE to 17.2%, NIM steady at 3.42%, and efficiency at 46.0%, fueled by $0.2B net interest income gain and $0.1B noninterest income surge from securities repositioning. Q4 accelerated loan growth and deposit momentum, but provision edged to $210M amid economic uncertainty. Repurchased $594M shares; $900M Bank dividends supported $0.40/share common payout. Pending Santander $12.3B acquisition risks integration delays.
8-K
Santander to acquire Webster
Webster Financial signed a transaction agreement on February 3, 2026, for Banco Santander to acquire it via reincorporation merger into a Virginia subsidiary, followed by a share exchange. Webster common shareholders get 2.0548 Santander ordinary shares (or ADSs) plus $48.75 cash per share. Boards unanimously approved; needs shareholder votes, Fed and ECB nods. Termination fee: $489M if Webster walks for a better deal.
8-K
Santander to buy Webster for $12.3B
Webster Financial signed a definitive agreement on February 3, 2026, for Banco Santander to acquire it in a $12.3 billion cash-and-stock deal—$48.75 cash plus 2.0548 Santander ADS per share. The transaction, a 16% premium to Webster's 10-day VWAP, creates a top-ten U.S. bank by assets and top-five in Northeast deposits, with key Webster execs leading integration. Deal awaits regulatory and shareholder nods. Risks loom if approvals falter.
8-K
Q4 EPS $1.55, loans up 2.8%
Webster Financial reported Q4 2025 net income of $248.7 million, or $1.55 diluted EPS, up from $171.8 million and $1.01 a year ago, with adjusted EPS at $1.59. Loans hit $56.6 billion, up 2.8% quarterly; deposits reached $68.8 billion. Provision fell to $42 million, but net charge-offs rose to 0.35%. Strong returns persist.
8-K
Webster names new CAO
Webster Financial appointed Kristen Antonopoulos as Chief Accounting Officer on January 6, 2026, ending Gregory Madar's interim role; he stays as Bank's Senior Managing Director, Corporate Controller. Antonopoulos, 43, brings 20 years' experience from American Express. She signed standard change-in-control and non-compete agreements. Smooth transition bolsters accounting leadership.
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