Webster Financial
Combines Northeast banking with national commercial, health-benefit, and medical-settlement platforms.
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Profile
Operates commercial and consumer banking alongside healthcare financial services centered on HSA Bank and Ametros. The Northeast branch franchise is paired with national commercial specialties and deposit platforms, while results depend on credit quality, funding conditions, and banking and healthcare-account regulation.
Runs Commercial Banking, Consumer Banking, and Healthcare Financial Services. Commercial offerings cover corporate and institutional lending, commercial real estate, capital markets, treasury management, and private banking across regional and national markets.
Serves households and small businesses through Northeast banking centers and digital channels, while HSA Bank administers health and benefit accounts and Ametros handles medical-settlement funds. The Sterling merger expanded the New York metropolitan footprint; interLINK adds an institutional cash-sweep deposit channel.
Combines specialized deposit gathering with commercial lending and relationship banking. Results depend on credit quality, borrower performance, competitively priced deposits, interest-rate-sensitive funding, benefit-account rules, medical-settlement administration, and banking capital, liquidity, consumer-compliance, and deposit-insurance requirements. A signed Santander acquisition agreement remains pending.
Company facts
Categories
Key statistics
Year to date +21.5% · Average volume (30d) 8.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 22, 2026 | RBC Capital | Reiterate | Sector Perform | $75 | $76 | |
| Mar 3, 2026 | Wells Fargo | Downgrade | Equal Weight | Underweight | ||
| Feb 13, 2026 | Citigroup | Downgrade | Buy | Neutral | ||
| Feb 6, 2026 | Wells Fargo | Downgrade | Overweight | Equal Weight | $70 | |
| Feb 5, 2026 | UBS | Downgrade | Buy | Neutral | $165 | $75 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | $1.64 | $1.60 | −2.4% | $755.8M | $740.0M | −2.1% | +0.74% |
| Apr 28, 2026Q1 FY26 | $1.53 | $1.57 | +2.6% | $735.3M | $735.9M | +0.1% | −0.15% |
| Jan 23, 2026Q4 FY25 | $1.52 | $1.59 | +4.6% | $731.1M | $746.2M | +2.1% | +0.84% |
| Oct 17, 2025Q3 FY25 | $1.52 | $1.54 | +1.3% | $727.8M | $732.6M | +0.7% | +1.03% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.07B | $1.10B | $1.13B | $1.13B | $994.3M | $1.12B | |
| Gross profit | $627.3M | $669.3M | $688.6M | $704.2M | $634.4M | $708.5M | |
| Operating income | $283.7M | $323.6M | $331.9M | $321.0M | $201.3M | $323.5M | |
| Net income | $226.9M | $258.8M | $261.2M | $255.8M | $246.2M | $256.8M | |
| Diluted EPS | $1.30 | $1.52 | $1.54 | $1.55 | $1.50 | $1.56 | |
| Gross margin | 58.8% | 61.1% | 61.0% | 62.2% | 63.8% | 63.2% | |
| Operating margin | 26.6% | 29.5% | 29.4% | 28.3% | 20.2% | 28.9% |
Fiscal years (4-quarter sums)FY21 $1.26B · FY22 $2.72B · FY23 $3.94B · FY24 $4.18B · FY25 $4.42B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $21.02B · Total debt $4.47B · Total assets $85.95B · Shareholders' equity $9.76B
Dividends
Raised for 16 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 20 | $0.40 | |
| May 11, 2026 | May 11 | May 21 | $0.40 | |
| Feb 9, 2026 | Feb 9 | Feb 19 | $0.40 | |
| Nov 10, 2025 | Nov 10 | Nov 20 | $0.40 | |
| Aug 11, 2025 | Aug 11 | Aug 21 | $0.40 | |
| May 12, 2025 | May 12 | May 22 | $0.40 | |
| Feb 10, 2025 | Feb 10 | Feb 20 | $0.40 | |
| Nov 1, 2024 | Nov 1 | Nov 12 | $0.40 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 162.03M · Float 160.73M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 15.47M | 9.55% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 7.59M | 4.68% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 7.36M | 4.54% | 13F | Aug 13, 2026 |
| Goldman Sachs Group Inc | 6.64M | 4.10% | 13F | Aug 14, 2026 |
| State Street Corp | 6.18M | 3.82% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 18, 2026 | John R. Ciulla | director, officer: Chairman and CEO | −8,000 | $71.67 |
| Feb 17, 2026 | John R. Ciulla | director, officer: Chairman and CEO | −8,000 | $71.91 |
| Dec 8, 2025 | Marissa Weidner | officer: Chief Corp. Resp. Officer | −2,500 | $62.98 |
| Dec 8, 2025 | Gregory Madar | officer: Chief Accounting Officer | −654 | $62.63 |
| Nov 17, 2025 | John R. Ciulla | director, officer: Chairman and CEO | −8,000 | $55.45 |
Peers
- M&T Bank
Closest broad Northeast peer across commercial and retail banking
- Citizens Financial Group
New England rival across commercial, consumer, and wealth banking
- PNC Financial Services Group
Scaled rival in corporate banking, treasury, retail, and wealth
- HealthEquity
National specialist in HSAs and employer-directed benefit accounts
- Valley National Bancorp
New York-area peer in commercial real estate and regional deposits
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Webster Financial | $77.57 | −0.51% | $12.57B | 12.6 | 11.6 | 2.9 | +3.4% |
| M&T Bank | $237.29 | −0.08% | $34.39B | 12.5 | 11.9 | 2.8 | +5.7% |
| Citizens Financial Group | $71.05 | +1.96% | $29.48B | 15.2 | 11.9 | 2.6 | +12.1% |
| PNC Financial Services Group | $256.30 | +5.78% | $96.65B | 13.3 | 11.9 | 2.7 | +21.4% |
| HealthEquity | $96.98 | +0.64% | $8.06B | 34.8 | 19.1 | 5.9 | +7.6% |
| Valley National Bancorp | $13.92 | 0.00% | $7.71B | 11.6 | 9.8 | 2.6 | +13.3% |
| Median | 13.3 | 11.9 | 2.7 | +12.1% |