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WEBSTER FINANCIAL CORP (WBS)

As-reported financials and SEC filings for WEBSTER FINANCIAL CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About WEBSTER FINANCIAL CORP

Webster Financial Corp is a bank holding company headquartered in Stamford, Connecticut, providing financial products and services primarily in the Northeast United States. It operates through three main segments: Commercial Banking, Healthcare Financial Services, and Consumer Banking, serving businesses, individuals, and families. The company offers services including commercial real estate lending, healthcare benefits administration, and consumer banking through a network of branches and digital platforms.

Snapshot

Revenue
$2.90B
Revenue growth (YoY)
11.9%
Net income
$1.00B
Diluted EPS
$5.90
Gross margin
Operating margin
50.7%
Net margin
34.6%
FCF margin
34.8%
ROE
10.6%
net income / fiscal-year-end equity
P/E
12.6×
trailing when available, otherwise FY EPS
Market cap
$12.57B
Long-term debt / equity
0.08×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Webster Financial

  • Revenue grew 11.9% to $2.9B in FY2025, after a 2.3% decline the year before.
  • Operating margin is 50.7% in FY2025, +11.6 pp against 39.1% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $740M, up 3.4% from Q2 FY2025.
  • Free cash flow was $1.0B in FY2025, 34.8% of revenue.
  • Net income rose 30.5% to $1.0B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Webster Financial’s fundamentals sit among the 76 banks. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin34.6%
96th percentile of 76
FCF margin34.8%
74th percentile of 58
Revenue growth (YoY)+11.9%
60th percentile of 76
ROE10.6%
59th percentile of 76
P/E12.6×
64th percentile of 75
Long-term debt / equity0.08×
24th percentile of 38
Short interest2.45d
7th percentile of 75

Webster Financial’s net margin of 34.6% ranks in the 96th percentile of the 76 banks reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
5
2 new, 3 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$591.9M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$379.7M5.0MAdded
Soros Fund ManagementQ2 2026$85.1M1.1MAdded
D. E. ShawquantQ2 2026$83.1M1.1MAdded
Citadel AdvisorsquantQ2 2026$30.9M404.1KReduced
AQR Capital ManagementquantQ2 2026$9.3M122.9KReduced
Two Sigma InvestmentsquantQ2 2026$2.6M34.7KNew
Point72 Asset ManagementquantQ2 2026$1.2M15.3KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-18
filed 2026-05-20
CIULLA JOHN RChairman and CEOSell8.0K$71.67$573K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
14.5M
settled 2026-08-14
Change vs prior
+25.6%
vs previous settlement
Days to cover
2.45
at avg daily volume
Avg daily volume
5.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1414.5M+25.6%2.45
2026-07-3111.6M+2.4%2.67
2026-07-1511.3M-6.4%3.15
2026-06-3012.1M+1.4%3.53
2026-06-1511.9M+7.8%3.17
2026-05-2911.0M+44.6%2.80
2026-05-157.6M+1.3%3.39
2026-04-307.5M-2.4%2.79

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Bank fundamentals

Regulatory detail for Webster Bank, National Association (Stamford, CT), the insured-bank subsidiary, from its FDIC Call Report as of Q1 2026. This is what actually moves bank stocks: deposit franchise, capital, and credit quality that a standard income statement can’t show.

Total deposits
$69.4B
FDIC insured-bank
Uninsured deposits
36.1%
share of deposits
CET1 ratio
12.07%
regulatory capital
Net interest margin
3.33%
trailing
Efficiency ratio
48.0%
lower is better
Noncurrent loans
0.93%
of gross loans

Source: FDIC BankFind (Call Report). Bank-subsidiary figures, filed quarterly ~30 days after quarter-end.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.90B$2.59B$2.65B$2.48B$1.22B
Gross profit
Operating income$1.47B$1.24B$1.24B$1.08B$479.4M
Net income$1.00B$768.7M$867.8M$644.3M$408.9M
Diluted EPS$5.90$4.37$4.91$3.72$4.42

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$2.45B$2.07B$1.72B$839.9M$461.6M
Current assets
Total assets$84.07B$79.03B$74.95B$71.28B$34.92B
Current liabilities
Long-term debt$739.5M$909.2M$1.05B$1.07B$562.9M
Total liabilities$74.58B$69.89B$66.26B$63.22B$31.48B
Total equity$9.49B$9.13B$8.69B$8.06B$3.44B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.06B$1.40B$978.6M$1.34B$688.6M
Capital expenditure$49.6M$35.8M$40.3M$28.8M$16.6M
Free cash flow$1.01B$1.37B$938.3M$1.31B$672.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$740.0M3.4%$256.8M$1.56
Q1 FY2026$735.9M4.4%$246.2M$1.50
Q4 FY2025$746.2M12.9%$255.8M$1.59
Q3 FY2025$732.6M13.1%$261.2M$1.54
Q2 FY2025$715.8M16.5%$258.8M$1.52
Q1 FY2025$704.8M5.7%$226.9M$1.30
Q4 FY2024$661.0M4.1%$177.8M$1.05
Q3 FY2024$647.6M-4.4%$193.0M$1.10

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryNational Commercial Banks
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2018
SEC CIK801337

Selected SEC filings

10-K/A2026-04-24
View on EDGAR →
10-Q2026-07-27
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
8-K2026-08-20
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-07-21
View on EDGAR →
8-K2026-06-16
View on EDGAR →

Largest bank peers

All bank stocksAll Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.