For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Interest and fees on loans and leases | 3,118,558 | 3,182,466 | 3,071,378 | 1,946,558 |
| Taxable interest on investment securities | 764,631 | 636,177 | 396,681 | 287,659 |
| Non-taxable interest on investment securities | 28,949 | 38,758 | 54,207 | 50,442 |
| Loans held for sale | 4,215 | 13,911 | 734 | 78 |
| Other interest and dividends | 105,155 | 55,974 | 105,260 | - |
| Total interest income | 4,021,508 | 3,927,286 | 3,628,260 | 2,284,737 |
| Deposits | 1,365,703 | 1,427,204 | 1,021,418 | 138,552 |
| Securities sold under agreements to repurchase and federal funds purchased | 3,298 | 4,113 | 9,102 | 19,059 |
| Federal home loan bank advances | 111,183 | 125,329 | 222,537 | 58,557 |
| Long-term debt | 43,430 | 32,253 | 37,934 | 34,283 |
| Total interest expense | 1,523,614 | 1,588,899 | 1,290,991 | 250,451 |
| Net interest income | 2,497,894 | 2,338,387 | 2,337,269 | 2,034,286 |
| Provision for credit losses | 210,000 | 222,000 | 150,747 | 280,619 |
| Net interest income after provision for credit losses | 2,287,894 | 2,116,387 | 2,186,522 | 1,753,667 |
| Deposit service fees | 157,891 | 161,144 | 169,318 | 198,472 |
| Loan and lease related fees | 70,692 | 76,384 | 84,861 | 102,987 |
| Wealth and investment services | 30,983 | 33,234 | 28,999 | 40,277 |
| Mortgage banking activities | - | - | 1,240 | 705 |
| Cash surrender value of life insurance policies | 33,219 | 27,712 | 26,228 | 29,237 |
| Gain (loss) on sale of investment securities, net | 220 | -136,224 | -33,620 | -6,751 |
| Other income | 108,514 | 89,649 | 37,311 | 75,856 |
| Total non-interest income | 401,519 | 251,899 | 314,337 | 440,783 |
| Compensation and benefits | 821,748 | 762,794 | 711,752 | 723,620 |
| Occupancy | 77,416 | 72,161 | 77,520 | 113,899 |
| Technology and equipment | 190,614 | 195,017 | 197,928 | 186,384 |
| Intangible assets amortization | 36,304 | 36,082 | 36,207 | 31,940 |
| Marketing | 20,978 | 18,751 | 18,622 | 16,438 |
| Professional and outside services | 75,202 | 58,253 | 107,497 | 117,530 |
| Deposit insurance | 51,006 | 68,912 | 98,081 | 26,574 |
| Other expense | 155,996 | 139,309 | 168,748 | 180,088 |
| Total non-interest expense | 1,429,264 | 1,351,279 | 1,416,355 | 1,396,473 |
| Income before income taxes | 1,260,149 | 1,017,007 | 1,084,504 | 797,977 |
| Income tax expense | 257,347 | 248,300 | - | - |
| Net income | 1,002,802 | 768,707 | - | - |
| Preferred stock dividends | 16,650 | 16,650 | - | - |
| Income allocated to participating securities | 11,291 | - | - | - |
| Net income available to common stockholders | 974,861 | 752,057 | - | - |
| Basic EPS | 5.91 | 4.38 | 4.91 | 3.72 |
| Diluted EPS | 5.9 | 4.37 | 4.91 | 3.72 |
| Basic Average Shares | 164,842,000 | 169,820,000 | 171,775,000 | 167,452,000 |
| Diluted Average Shares | 165,206,000 | 170,192,000 | 171,883,000 | 167,547,000 |
WEBSTER FINANCIAL CORP (WBS-PF)
WEBSTER FINANCIAL CORP (WBS-PF)