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01.07.25 - 14:36
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Webster Financial Corporation Appoints Chief Risk Officer; Names New Board Member (Business Wire)
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STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (“Webster” or “the Company”) (NYSE: WBS), the holding company, for Webster Bank, N.A., (the “Bank”) announced its Board of Directors approved both the appointment of Jason E. Schugel, as Chief Risk Officer (CRO) and Executive Vice President, and the appointment of Frederick (Fred) J. Crawford, as an independent member of the Board of Directors of the Company and the Bank.
Schugel's appointment, effective July 14, follows current Executive Vice President and CRO Daniel Bley's previously announced retirement. Bley will temporarily serve in an advisory role to ensure a smooth transition.
Schugel brings more than 25 years of strategic financial, audit and risk management experience to Webster, including most recently serving as CRO for Ally Bank. In his 15 years with Ally, he was instrumental in building agile risk and audit frameworks that furthered alignment and accountability with enterprise strategies. Prior to his time at Ally,...
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01.05.25 - 22:30
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Webster Announces Increase to Common Stock Repurchase Authorization (Business Wire)
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STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (“the Company”) (NYSE:WBS), the holding company for Webster Bank, N.A., announced today that its Board of Directors increased the Company's authority to repurchase shares of its common stock by $700,000,000 under its existing share repurchase program.
The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, regulatory considerations, and the Company's financial performance. Open market purchases will be conducted in accordance with the limitations set forth in R...
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30.04.25 - 22:21
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Webster Financial Corporation Declares Common and Preferred Dividends (Business Wire)
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STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock.
The dividend on common shares will be payable May 22, 2025, to shareholders of record as of May 12, 2025.
On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable June 16, 2025, to shareholders of record on June 1, 2025.
On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share, 40 of which represent one share of Series G Preferred Stock), payable July 15, 2025, to shareholders of record on June 30, 2025.
About Webster Financial Corporation:
Webster Financial Corporation (“Webster”) (NYSE:WBS) is the holding company for Webster Bank, N.A. (“Webster...
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24.04.25 - 13:33
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Webster Reports First Quarter 2025 EPS of $1.30 (Business Wire)
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STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (“Webster”) (NYSE: WBS), the holding company for Webster Bank, N.A., today announced net income applicable to common stockholders of $220.4 million, or $1.30 per diluted share, for the quarter ended March 31, 2025, compared to $210.1 million, or $1.23 per diluted share, for the quarter ended March 31, 2024.
“Webster has again proven its capacity to consistently execute through a variety of operating environments,” said John R. Ciulla, chairman and chief executive officer. “Growth in loans and deposits was generated by a breadth of businesses, as we continue to generate strong returns for our stockholders.”
Highlights for the first quarter of 2025:
Revenue of $704.8 million.
Period end loans and leases balance of $53.1 billion, up $0.6 billion, or 1.0 percent from prior quarter.
Period end deposits balance of $65.6 billion, up $0.8 billion, or 1.3 percent, from prior quarter.
Provision for credit losses of $77.5 million.
Return on ...
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