Santander to Acquire Webster Bank in $12.2 Billion U.S. Expansion
Banco Santander is set to acquire Webster Financial Corp., the parent company of Webster Bank, for an implied equity valuation of $12.2 billion. This strategic acquisition aims to significantly expand Santander's U.S. presence, positioning the combined entity among the top-tier lenders and a top-five deposit franchise in key Northeastern states. The deal is expected to leverage Webster's efficient deposit gathering to lower Santander's funding costs and enhance customer offerings in the U.S. market.
Stamford-based Webster Bank to be acquired by Banco Santander for $12.2 billion
Webster Financial Corp., the parent company of Stamford-based Webster Bank, announced an agreement to be acquired by Banco Santander for $12.2 billion. This acquisition will make Webster a wholly-owned subsidiary of Santander, transforming the latter into a top-10 retail and commercial bank in the U.S. by assets and expanding its commercial franchise. The deal is expected to close in the second half of this year, with Webster’s existing Stamford headquarters becoming a core corporate office for Santander.
Stamford-based Webster Bank to be acquired by Banco Santander for $12.2 billion
Banco Santander has announced its acquisition of Stamford-based Webster Bank for $12.2 billion, making Webster a wholly owned subsidiary. The deal will significantly expand Santander's commercial banking presence, particularly in Connecticut, and integrate Webster’s leadership into Santander Bank NA. This acquisition follows Webster's $10 billion merger with Sterling National Bank four years prior.
Webster Financial sets Feb. 19 payout for $0.40-a-share dividend
Webster Financial Corporation announced a quarterly cash dividend of $0.40 per share on its common stock, payable on February 19, 2026, to shareholders of record as of February 9, 2026. The company also declared dividends for its Series F and Series G Preferred Stocks, with varying payout dates in March and April 2026. Webster Financial, headquartered in Stamford, CT, is a commercial bank with over $80 billion in assets, offering financial services across Commercial Banking, Healthcare Financial Services, and Consumer Banking.
JP Morgan Raises Price Target for Webster Financial (WBS) to $75
JP Morgan has maintained its "Overweight" rating on Webster Financial (WBS) and increased its price target from $70 to $75, indicating positive sentiment for the stock. This revised target suggests a potential upside of 13.46% from the current price, surpassing the average target from other analysts. However, GuruFocus estimates a potential downside based on its fair value calculations.
Webster Financial lowers prime lending rate to 6.75% from 7%
Webster Financial Corporation announced a reduction in its prime lending rate from 7% to 6.75%, effective December 11, 2025. This move was initially reported by TheFly and comes alongside other recent news for the company, including an acquisition, a raised price target from Barclays, and executive compensation adjustments.
Webster Financial to lower prime lending rate to 6.75%
Webster Financial Corporation (NYSE:WBS) announced it will reduce its prime lending rate from 7.00% to 6.75%, effective December 11, 2025, a move that comes as its stock trades near a 52-week high with a 16.81% year-to-date return. This 25 basis point reduction impacts interest charges on various loan products for businesses and consumers. The announcement follows recent positive Q3 2025 earnings, a strategic acquisition by its HSA Bank division, and compensation changes for its CFO, despite a lowered price target from Raymond James due to net interest margin pressure.
Webster Financial (NYSE: WBS) lowers prime lending rate to 7.00% from 7.25% at Webster Bank
Webster Financial Corporation (NYSE: WBS) announced that its subsidiary, Webster Bank, N.A., has lowered its prime lending rate. The rate decreased from 7.25 percent to 7.00 percent, effective October 30, 2025. This change was communicated via a press release from Stamford, Connecticut.
Earnings call transcript: Webster Financial Q3 2025 beats earnings expectations By Investing.com - Investing.com Nigeria
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Webster Financial Q3 profit jumps 35% year-over-over to $261.2M - Providence Business News
Webster Financial Corp. reported a significant 35% year-over-year increase in its third-quarter profit, reaching $261.2 million, primarily driven by higher loan and deposit balances and wider loan rate spreads. The profit was also boosted by increased noninterest income from client hedging activity, a credit valuation adjustment, and a legal settlement, despite a rise in noninterest expenses due to investments and one-time restructuring costs.
Amid 90th anniversary, Webster Financial posts ‘record’ 3Q earnings per share - Hartford Business Journal
Webster Financial announced "record" third-quarter earnings per share, attributing the strong performance to growth in loans and deposits. The report coincided with the company's 90th anniversary. Full details of the earnings are available to subscribers.
Webster Financial: Q3 Earnings Snapshot - San Francisco Chronicle
This article provides a brief snapshot of Webster Financial Corporation's third-quarter earnings. The company reported a net income of $219.7 million, or $1.25 per share, surpassing analyst expectations. Revenue for the quarter also exceeded forecasts, reaching $623.2 million.
Banking Leader Webster Financial's CEO John Ciulla to Share Insights at Barclays Global Conference
Webster Financial Corporation announced that its Chairman and CEO, John Ciulla, is scheduled to speak at the Barclays 2025 Global Financial Services Conference on Monday, September 8, 2025. He will address investors at 9:45 a.m., ET, with the presentation accessible via a live webcast and a subsequent replay on the company's investor relations website. Webster Financial, parent company of Webster Bank, N.A., is a values-driven organization with approximately $82 billion in assets, providing a range of financial products and services.
Marathon Asset Management and Webster Bank Provide Senior Secured Financing for the Acquisition of PK Companies
Marathon Asset Management and Webster Bank announced they have provided senior-secured financing to PK Companies Group, LLC to facilitate its acquisition by DC Capital Partners Management, LP. This transaction marks the first completed financing since Marathon and Webster Bank announced their Private Credit partnership, aiming to offer tailored financing solutions to middle-market companies. PK Companies specializes in non-discretionary, regulatory-driven specialty inspections and maintenance for industrial and commercial facilities.
Webster Financial Appoints Neal Holland EVP
Webster Financial Corporation has appointed William (Neal) Holland as Executive Vice President, Finance, and Chief Financial Officer, effective upon the retirement of the current CFO in August 2024. The company also elected William (Bill) Haas as a new non-management member of the Board of Directors. These appointments aim to leverage Holland's financial experience from larger banking institutions and Haas's extensive regulatory and risk management background to strengthen Webster's market position.
CT-based Webster Bank's earnings drop 24.6 percent in fourth quarter
Webster Financial Corp. reported a 24.6 percent decline in fourth-quarter earnings, attributed to charges related to its 2022 merger with Sterling Bancorp and a special assessment by the FDIC. Despite the earnings drop, bank officials highlighted several strategic accomplishments in 2023, and the bank's loan total increased to $50.72 billion with commercial real estate loans rising by 7.84 percent. The bank's stock closed at $49.96 on Tuesday.
Webster Bank Closes Acquisition of Medical Claims Firm Ametros
Webster Bank has completed its acquisition of Ametros Financial Corp., a firm specializing in administering medical claims settlements post-settlement, particularly for workers' compensation and liability cases. The acquisition, which involves the CareGuard platform, is expected to provide Webster Bank with low-cost, long-duration deposits and further diversify its non-interest income. Ametros will maintain its brand and operations, with full integration into Webster during the first quarter of 2024.
Webster Financial snags Buy rating at BofA on valuation (NYSE:WBS)
Bank of America analyst Brandon Berman initiated coverage on Webster Financial Corp. (WBS) with a Buy rating, anticipating a re-rating of the stock this year due to its strong return profile. The analyst believes the current valuation does not fully reflect the company's potential.
Webster Bank gets $9B boost with interLINK acquisition
Webster Bank has agreed to acquire the digital deposit-gathering platform interLINK from StoneCastle Partners, a deal expected to bring over $9 billion in core deposits to Webster. This acquisition follows a previous terminated deal between StoneCastle and Veritex Community Bank for interLINK, which Veritex claims StoneCastle breached. The move by Webster Bank aims to diversify its funding capabilities and leverage technology-enabled businesses.
Webster Bank plans $6.5B community investment
Webster Bank's parent company, Webster Financial Corp., announced a $6.5 billion community investment, establishing an office of corporate responsibility to oversee community engagement. This initiative includes significant allocations for affordable housing, community development lending, and small business lending with a focus on minority and women-owned businesses. The program leverages the enhanced scale and resources from the recent merger between Sterling Bancorp and Webster Bank.
Webster Bank Signs Replace Sterling National’s Across Long Island
Webster Bank has replaced Sterling National Bank at 33 branches across Long Island following their $10.3-billion merger, which officially completed on February 1. This acquisition extends Webster Financial Corp.'s footprint into New York, including Long Island and the Hudson River Valley, and makes it a larger regional bank with 202 financial centers in the Northeast. The merger also led to Webster relocating its headquarters from Waterbury to Stamford, Connecticut.
Webster Bank completes merger with Sterling Bancorp
Webster Financial Corp. announced the completion of its $10.3 billion merger with Sterling Bancorp, forming a combined company with $65 billion in assets and 202 financial centers across the Northeast. The merger is expected to enhance Webster's scale and loan growth potential, with John R. Ciulla serving as CEO and president, and Jack L. Kopnisky as executive chairman. Webster Bank's headquarters will be in Stamford, Conn., maintaining its presence in Rhode Island and southeastern Massachusetts.
Webster Bank to merge with NY lender in $10.3B deal
Webster Bank is set to merge with Sterling National Bank in a $10.3 billion deal, creating a banking entity with over $60 billion in assets. Webster currently has loan production offices in Radnor and Bethlehem and has been considered a potential buyer in the Philadelphia market.
Webster Bank to merge with NY lender in $10.3B deal
Webster Bank announced its merger with Sterling National Bank in a $10.3 billion deal, significantly increasing Webster's presence in New York. Both institutions are similar in size, with Webster having over $33 billion in assets and Sterling $30 billion. Webster CEO John Ciulla will retain his role after the merger.
Webster Financial (WBS) to Buy Sterling (STL) in $5.14 Billion Acquisition
Webster Financial Corp. has agreed to acquire Sterling Bancorp in an all-stock transaction valued at $5.14 billion. Under the terms of the deal, Sterling investors will receive 0.463 shares of Webster for each of their shares, which values Sterling shares at $26.56, an 11% premium over Friday's closing price.
Webster Bank to close half of Greater Boston branches
Webster Bank has announced plans to close eight of its branches in the greater Boston area in 2021, representing half of its regional presence. This decision follows earlier indications from the Connecticut-based lender to shutter branches, with the specific locations now revealed.
No quiet retirement for longtime Webster Financial chief
James Smith, former CEO of Webster Financial, is actively involved in developing an economic action plan for Connecticut, even in retirement, demonstrating a continued commitment to public service. His work, initially derailed by COVID-19, now focuses on reopening, recovery, and reimagining the state's economy, with a particular concern for small businesses and urban centers. Smith advocates for retired bankers to invest their career knowledge back into their communities, emphasizing the noble nature of banking and civic responsibility.
Longtime Webster Bank leader Smith to retire; CEO Ciulla named chairman
James C. Smith, the son of Webster Bank's founder and a longtime leader, is set to retire in spring 2020 after over 30 years in leadership roles. John R. Ciulla, who succeeded Smith as CEO in 2018, will assume the chairman role at the April 2020 shareholder meeting. The announcement came as Webster Financial also reported an 8.9% decline in fourth-quarter profits due to rising expenses.
HSA Bank Reports Strong Account and Revenue Growth
HSA Bank reported strong account and revenue growth. The article also provides information on various tax-related questions and updates on health savings accounts (HSAs) and high deductible health plans.
Stamford finance sector sees series of gains
The Stamford finance sector is experiencing a series of gains with major firms like Royal Bank of Scotland committing to the city and others like Tudor Investment Corp. and Webster Bank moving in. Despite some past employee reductions, Stamford continues to attract finance companies due to its central location, skilled workforce, and quality of life. The state of Connecticut is also offering subsidies to retain and attract companies, highlighting Stamford's competitiveness as a financial hub.
Smith promoted to corporate controller at Webster Bank
Frederick M. Smith has been promoted to corporate controller at Webster Bank and Webster Financial Corp. Smith, who brings over 25 years of financial services industry experience, will oversee the corporation's accounting operations and financial reporting activities. He previously served as assistant controller at Webster Bank and held positions at The Hartford Steam Boiler Inspection & Insurance Co. and Aetna.
Webster Bank to take over most Citi branches in Boston area
Webster Financial Corp. is expanding its presence in the Boston area by taking over leases for at least 14 of Citigroup Inc.'s closing branches. This move marks Webster's most significant push into the market, aiming to lure new customers despite Citi not selling its loans or deposits. Webster, with 34 branches in Massachusetts following this deal, has also extended employment offers to approximately 80 Citi workers.
Webster Bank promotes seven to SVP
Webster Bank has announced the promotion of seven bankers to the role of Senior Vice President. These promotions include individuals in various departments such as market management, business banking, commercial real estate, and cash management sales, reflecting diverse contributions to the bank's operations. The elevated employees bring significant experience, with some having been with Webster Bank for over two decades.
Robinson is Webster’s deputy CFO
Oona Robinson, a former Citigroup banker, has been appointed as the new deputy chief financial officer and senior vice president at Webster Bank in Waterbury. She will report to Glenn MacInnes, Webster's finance chief, filling a position left vacant in 2014. Robinson brings experience from Citigroup's OneMain Financial unit and the Student Loan Corp.
Webster Financial Corporation (WBS)’s Q4 2014 Earnings Conference Call Transcript
This article provides the full transcript of Webster Financial Corporation's Q4 2014 Earnings Conference Call, held on January 22, 2015. Key highlights include reported net income of $51 million (up 6% year-over-year) and a full-year net income reaching $200 million. The company's Chairman & CEO, James C. Smith, discussed solid growth in loan balances and progress towards high performance throughout 2014.
Chad Wilkins to run Webster’s HSA Bank
Chad Wilkins, a former executive at UnitedHealth Group, has been appointed as the new chief of Webster Financial Corp.’s HSA Bank healthcare savings plan unit, effective January 3rd. Wilkins will also serve as executive vice president of Webster Bank and report to Chairman and CEO Jim Smith. HSA Bank, based in Sheboygan, Wis., manages approximately $2 billion in savings-plan deposits and assets for 600,000 consumers nationwide.
Webster Bank says it detected embezzlement
Webster Bank announced it detected and halted an elaborate embezzlement scheme at a subcontractor, which made partial restitution. The bank's holding company, Webster Financial Corp., stated the subcontractor's insurance policy covers the maximum potential exposure of $11 million and no customer accounts were affected. This announcement follows a federal grand jury indictment of three individuals for allegedly defrauding Webster Bank of $6 million.
