Webster Financial Corporation (WBS) Financial Statements

Executive TeamFinancials
SegmentsShareholders

Webster Financial financial statements at a glance

Webster Financial reported revenue of $2.89 billion for fiscal year 2025 (ended December 31, 2025), up 11.9% from fiscal year 2024. Net income was $974.86 million, a net margin of 33.8%.

At the end of fiscal year 2025 it had total assets of $84.07 billion, total liabilities of $74.58 billion and shareholders' equity of $9.49 billion, with cash of $2.45 billion and total debt of $3.72 billion.

Its operations brought in $1.06 billion of cash; capital spending was $49.57 million, leaving free cash flow of $1.01 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

WBS logo

Webster Financial Corporation

WBSUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
2.89B
Prev Year: 2.58B
YoY: +11.9%
Net Interest Income
2.50B
Prev Year: 2.34B
YoY: +6.8%
Interest Income
4.02B
Prev Year: 3.93B
YoY: +2.4%
Interest Expense
1.52B
Prev Year: 1.59B
YoY: -4.1%
Salaries and Wages
821.75M
Prev Year: 762.79M
YoY: +7.7%
Operating Revenue
2.89B
Occupancy And Equipment
268.03M
Prev Year: 267.18M
YoY: +0.3%
Professional and Contract Services Expense
75.20M
Prev Year: 58.25M
YoY: +29.1%
Other Noninterest Expense
117.64M
Prev Year: 81.03M
YoY: +45.2%
Special Income Charges
-14.27M
Prev Year: -56.95M
YoY: +74.9%
Provision for Credit Losses
-
Prev Year: -222.00M
Restructuring and Mergers Acquisition
1.13M
Prev Year: 25.31M
YoY: -95.5%
Impairment of Capital Assets
29.96M
Prev Year: 31.27M
YoY: -4.2%
Pre-tax Income
1.26B
Prev Year: 1.02B
YoY: +23.9%
Non Interest Expense
-
Prev Year: 1.28B
Provision for Income Taxes
257.35M
Prev Year: 248.30M
YoY: +3.6%
Net Income Common Stockholders
974.86M
Prev Year: 744.08M
YoY: +31.0%
Net Income
1.00B
Prev Year: 768.71M
YoY: +30.5%
Net Income Including Non-Controlling Interests
1.00B
Prev Year: 768.71M
YoY: +30.5%
Net Income from Continuing Operations
1.00B
Prev Year: 768.71M
YoY: +30.5%
Diluted NI Available to Com Stockholders
974.86M
Prev Year: 744.08M
YoY: +31.0%
Net Income from Continuing and Discontinued Operation
1.00B
Prev Year: 768.71M
YoY: +30.5%
Normalized Income
1.01B
Prev Year: 811.76M
YoY: +24.9%
Reconciled Depreciation
73.35M
Prev Year: 71.53M
YoY: +2.5%
Interest Income After Provision for Loan Loss
-
Prev Year: 2.12B
Net Income from Continuing Operation Net Minority Interest
1.00B
Prev Year: 768.71M
YoY: +30.5%
Total Unusual Items Excluding Goodwill
-14.27M
Prev Year: -56.95M
YoY: +74.9%
Total Unusual Items
-14.27M
Prev Year: -56.95M
YoY: +74.9%
Tax Rate for Calcs
0.204
Prev Year: 0
Tax Effect of Unusual Items
-2.91M
Prev Year: -13.89M
YoY: +79.0%
Otherunder Preferred Stock Dividend
11.29M
Preferred Stock Dividends
16.65M
Prev Year: 16.65M
YoY: 0.0%
Other Special Charges
-7.05M
Prev Year: 363.0K
YoY: -2042.7%
Gain on Sale of Securities
220.0K
Prev Year: -136.22M
YoY: +100.2%
Depreciation Amortization Depletion
36.30M
Prev Year: 36.08M
YoY: +0.6%
Depreciation and amortization
36.30M
Prev Year: 36.08M
YoY: +0.6%
Amortization
36.30M
Prev Year: 36.08M
YoY: +0.6%
Amortization of Intangibles
36.30M
Prev Year: 36.08M
YoY: +0.6%
Selling General and Administrative
904.05M
Prev Year: 840.14M
YoY: +7.6%
Selling and Marketing Expense
20.98M
Prev Year: 18.75M
YoY: +11.9%
General and Administrative Expense
883.07M
Prev Year: 821.39M
YoY: +7.5%
Insurance and Claims
61.32M
Prev Year: 58.59M
YoY: +4.7%
Values in USD

Webster Financial key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$2.9B$2.6B$2.7B$2.5B$1.2B
Net income$974.9M$744.1M$843.3M$622.7M$398.7M
Total assets$84.1B$79.0B$74.9B$71.3B$34.9B
Total liabilities$74.6B$69.9B$66.3B$63.2B$31.5B
Shareholders' equity$9.5B$9.1B$8.7B$8.1B$3.4B
Cash$2.4B$2.1B$1.7B$839.9M$461.6M
Total debt$3.7B$3.0B$3.4B$6.5B$573.9M
Operating cash flow$1.1B$1.4B$978.6M$1.3B$688.6M
Capital spending$49.6M$35.8M$40.3M$28.8M$16.6M
Free cash flow$1.0B$1.4B$938.3M$1.3B$672.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Webster Financial's revenue in fiscal year 2025?

$2.89 billion, up 11.9% from $2.58 billion in fiscal year 2024.

How much profit does Webster Financial make?

Webster Financial reported net income of $974.86 million for fiscal year 2025 (33.8% of revenue).

How much cash and debt does Webster Financial have?

At the end of fiscal year 2025: cash of $2.45 billion and total debt of $3.72 billion.

What is Webster Financial's free cash flow?

$1.01 billion in fiscal year 2025 (operating cash flow of $1.06 billion minus capital spending of $49.57 million).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
LinkedInLinkedInXXYouTubeYouTube