Webster Financial Corporation (WBS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.61	$1.6	-0.6%	—	—	—
Q3 26	$1.45	$1.64	+13.1%	—	—	—
Q2 26	$1.52	$1.54	+1.3%	—	—	—
Q1 26	$1.41	$1.52	+7.8%	—	—	—
Q4 25	$1.38	$1.3	-5.8%	—	—	—
Q3 25	$1.35	$1.43	+5.9%	—	—	—
Q2 25	$1.35	$1.34	-0.7%	—	—	—
Q1 25	$1.34	$1.26	-6.0%	—	—	—
Q4 24	$1.41	$1.35	-4.3%	—	—	—
Q3 24	$1.48	$1.46	-1.4%	—	—	—
Q2 24	$1.49	$1.55	+4.0%	—	—	—
Q1 24	$1.47	$1.5	+2.0%	—	—	—
Q4 23	$1.57	$1.49	-5.1%	—	—	—
Q3 23	$1.66	$1.6	-3.6%	—	—	—
Q2 23	$1.42	$1.46	+2.8%	—	—	—
Q1 23	$1.25	$1.29	+3.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.91	—	—	$2.9B	—
FY24	—	$4.38	—	—	$2.6B	—
FY23	—	$4.91	—	—	$2.7B	—
FY22	—	$3.72	—	—	$2.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$983M	$1.1B	$1.2B	$1.2B	$1.2B	$1.2B	$2.5B	$2.7B	$2.6B	$2.9B
YoY change	+8.96%	+7.4%	+12.6%	+4.3%	-5.14%	+3.96%	+102.1%	+7.24%	-2.75%	+11.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	983M	1.1B	1.2B	1.2B	1.2B	1.2B	2.5B	2.7B	2.6B	2.9B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	371.7M	399.6M	433.1M	429.6M	460.8M	433.8M	687.2M	785.5M	840.1M	904M
Operating expenses	371.7M	399.6M	433.1M	429.6M	460.8M	433.8M	687.2M	785.5M	840.1M	904M
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	303.4M	353.8M	441.6M	486.7M	280M	533.9M	798M	1.1B	1B	1.3B
Income tax	96.3M	98.4M	81.2M	104M	59.4M	125M	153.7M	216.7M	248.3M	257.3M
Net income	207.1M	255.4M	360.4M	382.7M	220.6M	408.9M	644.3M	867.8M	768.7M	1B
Net margin	21.1%	24.2%	30.3%	30.9%	18.7%	33.4%	26.1%	32.7%	29.8%	34.8%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	2.17	2.68	3.83	4.07	2.35	4.43	3.72	4.91	4.38	5.91
Diluted EPS	2.16	2.67	3.81	4.06	2.35	4.42	3.72	4.91	4.37	5.9

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	677.5M	634.8M	667.1M	614.6M	647.6M	661M	704.8M	715.8M	728.6M	736.4M	735.9M	740M
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	198.5M	235.7M	205.2M	206M	214.1M	214.9M	219M	220.2M	229.6M	235.3M	244.6M	247.7M
Operating expenses	198.5M	235.7M	205.2M	206M	214.1M	214.9M	219M	220.2M	229.6M	235.3M	244.6M	247.7M
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	278.4M	221.6M	285.7M	229.6M	244.7M	257.1M	283.7M	323.6M	331.9M	321M	302.8M	323.5M
Income tax	52M	36.2M	69.3M	47.9M	51.7M	79.3M	56.7M	64.8M	70.7M	65.1M	56.5M	66.7M
Net income	226.5M	185.4M	216.3M	181.6M	193M	177.8M	226.9M	258.8M	261.2M	255.8M	246.2M	256.8M
Net margin	33.4%	29.2%	32.4%	29.6%	29.8%	26.9%	32.2%	36.2%	35.9%	34.7%	33.5%	34.7%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	1.29	1.05	1.23	1.03	1.1	1.01	1.3	1.52	1.55	1.55	1.5	1.56
Diluted EPS	1.28	1.05	1.23	1.03	1.1	1.01	1.3	1.52	1.54	1.55	1.5	1.56

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	5B	5.2B	4.5B	4.9B	3.8B	5B	—	8.7B	9.5B	10.4B	12.6B
Enterprise value	4.8B	4.2B	3.4B	4.4B	1.1B	925.7M	—	10.4B	10.4B	11.6B	15B
Shares outstanding	91.4M	92.1M	91.8M	91.6M	90M	90M	168.9M	171.8M	171.7M	164.8M	164.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	24	20.2	12.6	12.8	17.2	12.3	—	10	12.3	10.3	12.6
P/S	5.05	4.9	3.81	3.94	3.22	4.11	—	3.29	3.68	3.6	4.54
P/B	1.96	1.91	1.57	1.52	1.17	1.46	—	1	1.04	1.09	1.35
EV/Sales	4.9	3.96	2.82	3.52	0.92	0.76	—	3.91	4.04	4.03	5.42
Earnings yield	4.17%	4.94%	7.96%	7.83%	5.82%	8.14%	—	9.95%	8.11%	9.67%	7.92%
FCF yield	7.2%	8.05%	9.64%	5.69%	9.47%	13.4%	—	10.8%	14.4%	9.72%	7.76%
PEG	—	—	—	—	—	—	—	—	—	—	4.8

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	50.6%
Net margin	21.1%	24.2%	30.3%	30.9%	18.7%	33.4%	26.1%	32.7%	29.8%	34.8%	36.8%
ROE	8.2%	9.45%	12.5%	11.9%	6.82%	11.9%	8%	9.99%	8.42%	10.6%	10.7%
ROA	—	—	—	—	—	—	—	—	0.97%	1.19%	1.22%
Return on tangible assets	—	—	—	—	—	—	—	—	1.06%	1.29%	1.28%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	1.21	0.7	0.71	0.83	0.27	0.17	0.81	0.39	0.33	0.39	0
Debt / assets	—	—	—	—	—	—	—	—	0.04	0.04	0.05
Effective tax rate	31.7%	27.8%	18.4%	21.4%	21.2%	23.4%	19.3%	20%	24.4%	20.4%	20.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	10.8	11.5	13	13.5	13.1	13.6	14.6	15.4	15	17.5	17.2
EPS (basic)	2.17	2.68	3.83	4.07	2.35	4.43	3.72	4.91	4.38	5.91	5.91
EPS (diluted)	2.16	2.67	3.81	4.06	2.35	4.42	3.72	4.91	4.37	5.9	6.14
Book value per share	27.6	29.3	31.4	35	35.9	38.2	47.7	50.6	53.2	57.6	57.3
FCF per share	3.91	4.52	4.75	3.03	3.99	7.47	7.74	5.46	7.97	6.12	8.2
Cash per share	35.1	31.4	35.2	34.7	39.9	52.2	51.7	10.2	12.1	14.9	15.8
Capex per share	0.43	0.27	0.35	0.28	0.23	0.15	0.17	0.19	0.17	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.99%	2.39%	2.72%	2.07%	1.73%	1.09%	1.15%	1.26%	1.13%	—	—
Capex / operating cash flow	11.2%	6.24%	7.5%	9.69%	8.44%	1.79%	2.73%	3.81%	3.37%	—	—
Payout ratio	47.1%	40.2%	34.1%	38.8%	69.3%	37.3%	40.6%	34%	37.9%	28.3%	26.1%
Dividend yield	1.97%	1.99%	2.71%	3.04%	4.03%	3.04%	—	3.38%	3.07%	2.73%	2.06%

Yield

2.06%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.40

ex-dividend Aug 10, 2026

Payout ratio

26%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 10, 2026	$0.40
May 11, 2026	$0.40
Feb 9, 2026	$0.40

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$677.5M	$634.8M	$667.1M	$614.6M	$647.6M	$661M	$704.8M	$715.8M	$728.6M	$736.4M	$735.9M	$740M
YoY change	+2.33%	-9.51%	+0.16%	-8.71%	-4.41%	+4.12%	+5.65%	+16.5%	+12.5%	+11.4%	+4.41%	+3.37%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	3.2B	2.9B	3.2B	3.2B	3.6B	4.7B	8.7B	1.8B	2.1B	2.5B
Receivables	294.5M	286.7M	313.3M	455.4M	626.6M	531.5M	1.6B	1.9B	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	53.5M	49.4M	45.2M	192.5M	156.5M	137.1M	324M	321.8M	304.9M	326.9M
Goodwill & intangibles	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	5.4B	5.7B	6.4B	6.4B
Total assets	—	—	—	—	—	—	—	—	79B	84.1B
Accounts payable	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	—	—	24.4M	22.8M	—	—	2.1B	3B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	3.1B	1.9B	2.1B	2.7B	859.1M	573.9M	6.5B	3.4B	919.3M	750.2M
Total liabilities	—	—	—	—	—	—	—	—	69.9B	74.6B
Shareholders' equity	2.5B	2.7B	2.9B	3.2B	3.2B	3.4B	8.1B	8.7B	9.1B	9.5B
Total debt	3.1B	1.9B	2.1B	2.7B	883.5M	596.7M	6.5B	3.4B	3B	3.7B
Net debt	2.8B	1.6B	1.7B	2.4B	620.4M	135.1M	5.7B	1.7B	944.9M	1.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.8B	1.8B	1.3B	1.3B	3.2B	2.1B	2.5B	3B	3.1B	2.5B	2.9B	2.7B
Receivables	1.6B	1.9B	2B	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	—	321.8M	—	—	—	304.9M	—	—	—	326.9M	—	—
Goodwill & intangibles	5.7B	5.7B	6.5B	6.5B	6.4B	6.4B	6.4B	6.4B	6.4B	6.4B	6.4B	6.4B
Total assets	—	—	76.2B	76.8B	79.5B	79B	80.3B	81.9B	83.2B	84.1B	85.6B	85.9B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	—	—	3.6B	2.8B	3.1B	2.1B	2.9B	3.3B	2.5B	3B	4.8B	3.6B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	2.9B	3.4B	924.5M	922.6M	921.2M	919.3M	917.4M	915.5M	1.3B	750.2M	748.9M	748.4M
Total liabilities	—	—	67.4B	68B	70.3B	69.9B	71.1B	72.6B	73.7B	74.6B	76B	76.2B
Shareholders' equity	8.2B	8.7B	8.7B	8.8B	9.2B	9.1B	9.2B	9.3B	9.5B	9.5B	9.6B	9.8B
Total debt	2.9B	3.4B	4.6B	3.7B	4B	3B	3.8B	4.2B	3.8B	3.7B	5.5B	4.4B
Net debt	1.1B	1.7B	3.3B	2.5B	839.3M	944.9M	1.3B	1.3B	747.9M	1.3B	2.7B	1.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	207.1M	255.4M	360.4M	382.7M	220.6M	408.9M	644.3M	867.8M	768.7M	1B
Depreciation & amortization	36.4M	37.2M	38.8M	44.8M	43.2M	41.5M	82.7M	77.6M	71.5M	73.3M
Stock-based compensation	11.4M	12.3M	11.6M	12.6M	12.2M	13.7M	54.1M	54.1M	55.1M	56.8M
Change in working capital	48.5M	28M	-48M	-194.9M	-102M	150.7M	308.5M	-113.3M	-7.2M	-218.2M
Operating cash flow	349M	404M	431.7M	265.4M	242M	748.2M	1B	876.6M	863.4M	1.1B
Capital expenditure	-39.2M	-25.2M	-32.4M	-25.7M	-20.4M	-13.4M	-28.5M	-33.4M	-29.1M	—
Investing cash flow	-355.5M	3.5M	-222.2M	-928.2M	-615.9M	-1.7B	-364.5M	-1.6B	-2B	-463.8M
Dividends paid	-97.6M	-102.7M	-122.8M	-148.7M	-152.8M	-152.7M	-261.5M	-294.8M	-291.2M	-283.5M
Share repurchases	-11.2M	-134.3M	-12.2M	-13M	-76.6M	0	-322.1M	-108M	-65.4M	-593.7M
Financing cash flow	78.2M	-1.3B	14.7M	256.4M	-2B	-94.4M	4.9B	-3.5B	-743.1M	-171.2M
Net change in cash	71.7M	-850.3M	224.1M	-406.4M	-2.4B	-1.1B	5.5B	-4.2B	-1.8B	423.1M
Free cash flow	357.4M	416.4M	436.4M	278.1M	359.3M	672M	1.3B	938.3M	1.4B	1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	226.5M	185.4M	216.3M	181.6M	193M	177.8M	226.9M	258.8M	261.2M	255.8M	246.2M	256.8M
Depreciation & amortization	18.3M	17.8M	19M	17.5M	16.1M	18.9M	18.2M	18.1M	18.4M	18.7M	20M	19.9M
Stock-based compensation	14.4M	13.9M	13.8M	13.4M	14.4M	13.6M	14M	15.1M	12.7M	14.9M	14M	17.2M
Change in working capital	135M	-185.1M	347M	-78.1M	-212M	134.1M	-92.5M	-72.5M	-31.7M	-21.4M	45.4M	18.2M
Operating cash flow	381.8M	15.2M	611.4M	92.4M	15.8M	342.1M	183.5M	204.3M	374.7M	317.6M	288.7M	385.8M
Capital expenditure	-10.2M	-3.6M	-4M	-5.6M	-9.4M	-10M	-6.9M	-12.3M	—	—	—	—
Investing cash flow	28.5M	-1.1B	-722.3M	-181.7M	-432.7M	-631.9M	-123.7M	-222.8M	-42.6M	-94M	-667.9M	118.5M
Dividends paid	-73.5M	-73M	-72.8M	-73.2M	-73.2M	-72M	-72.7M	-71.5M	-70.6M	-68.7M	-68.7M	-69M
Share repurchases	-50M	-1K	-20.4M	-45M	0	-1K	-181M	-78.6M	-129.8M	-204.3M	0	0
Financing cash flow	-73.6M	18.5B	1.1B	-968.3M	227.1M	-321.9M	546.2M	279.8M	-634M	-352M	1.8B	-1.2B
Net change in cash	336.7M	17.4B	959.2M	-1.1B	-189.8M	-611.7M	606.1M	261.4M	-301.8M	-128.4M	1.4B	-714M
Free cash flow	412.9M	81.5M	238.6M	215.6M	35.3M	879M	86.6M	257.7M	362.5M	301.8M	278.3M	371.3M

Date	Ratio
Apr 15, 1998	2:1
May 28, 1993	11:10

Webster Financial Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history