| Income Statement | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Interest and fees on loans and leases | 794,668 | 775,203 | ||
| Taxable interest on investment securities | 194,278 | 190,600 | ||
| Non-taxable interest on investment securities | 7,043 | 7,166 | ||
| Loans held for sale | 3,988 | 7 | ||
| Other interest and dividends | 28,325 | 27,611 | ||
| Total interest income | 1,028,302 | 1,000,587 | ||
| Deposits | 355,504 | 339,738 | ||
| Securities sold under agreements to repurchase and federal funds purchased | 631 | 218 | ||
| Federal home loan bank advances | 29,620 | 29,825 | ||
| Long-term debt | 10,880 | 9,624 | ||
| Total interest expense | 396,635 | 379,405 | ||
| Net interest income | 631,667 | 621,182 | ||
| Provision for credit losses | 44,000 | 46,500 | ||
| Net interest income after provision for credit losses | 587,667 | 574,682 | ||
| Deposit service fees | 39,576 | 40,934 | ||
| Loan and lease related fees | 16,404 | 17,657 | ||
| Wealth and investment services | 7,640 | 7,779 | ||
| Cash surrender value of life insurance policies | 7,535 | 9,172 | ||
| Gain (loss) on sale of investment securities, net | 0 | 0 | ||
| Other income | 29,751 | 19,115 | ||
| Total non-interest income | 100,906 | 94,657 | ||
| Compensation and benefits | 209,036 | 199,930 | ||
| Occupancy | 19,003 | 19,337 | ||
| Technology and equipment | 47,520 | 45,932 | ||
| Intangible assets amortization | 8,966 | 9,093 | ||
| Marketing | 4,953 | 5,171 | ||
| Professional and outside services | 17,815 | 18,394 | ||
| Deposit insurance | 15,621 | 15,061 | ||
| Other expense | 33,755 | 32,796 | ||
| Total non-interest expense | 356,669 | 345,714 | ||
| Income before income taxes | 331,904 | 323,625 | ||
| Income tax expense | 70,687 | 64,777 | ||
| Net income | 261,217 | 258,848 | ||
| Preferred stock dividends | 4,162 | 4,162 | ||
| Income allocated to participating securities | 3,004 | 2,991 | ||
| Net income applicable to common stockholders | 254,051 | 251,695 | ||
| Basic (in dollars per share) | 1.55 | 1.52 | ||
| Diluted (in dollars per share) | 1.54 | 1.52 | ||
| Weighted-average common shares outstanding - basic (in shares) | 164,138,000 | 165,884,000 | ||
| Weighted-average common shares outstanding - diluted (in shares) | 164,456,000 | 166,131,000 | ||
WEBSTER FINANCIAL CORP (WBS-PF)
WEBSTER FINANCIAL CORP (WBS-PF)