The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Oct 29, 2021. Its latest SEC filing is a 15-15D from Feb 11, 2022.
10-Q for Q3 FY2021, filed Oct 29, 2021
The sections below describe the company as of the FY2020 annual report.
Provides deposits, loans and wealth management to businesses, municipalities and consumers.
10-K for FY2020, filed Feb 26, 2021
The bank earns interest and fees on loans and investment securities under their agreements. It also collects deposit charges and payroll finance, factoring and investment-management fees; transaction charges apply when service occurs, account fees over the month, factoring fees when receivables are assigned, and advisory fees over time.
10-K for FY2020, filed Feb 26, 2021Interest income and fees. Interest income and fees on loans and investment securities are recognized based on the contractual provisions of…View ↗
Deposit fees and service charges. We earn fees from our deposit customers mainly for transaction-based, account maintenance, and overdraft…View ↗
Payroll finance. We provide financing and business process outsourcing, including full back-office, technology and tax accounting services…View ↗
Factored Receivables. We provide accounts receivable management services. The purchase of a client’s accounts receivable is traditionally…View ↗
Investment management fees. We earn investment management fees from our contracts with customers to manage assets for investment, and / or…View ↗
$23.9M
10-K for FY2020, filed Feb 27, 2021
$23.9M ↗
Business owners, commercial and municipal clients, and consumers use the bank's deposit, lending and wealth services. They work with relationship managers and banking teams, visit financial centers, or use digital channels.
10-K for FY2020, filed Feb 26, 2021The Bank is a full-service regional bank founded in 1888. Headquartered in Pearl River, New York, the Bank specializes in the delivery of…View ↗
The Bank operates as a regional bank providing a broad offering of deposit, lending and wealth management products to commercial, consumer…View ↗
Target specific “high value” client segments and industry sectors in which we have competitive advantages and can generate attractive…View ↗
Yes. Its net income in FY2020 was larger than its revenue and turned 1555 cents into free cash flow.
10-Q for Q3 FY2021, filed Oct 30, 2021
$95.7MView ↗
8-K, filed Feb 1, 2022
On January 31, 2022, Sterling Bancorp (“Sterling”) completed its previously announced merger (the “Merger”) with Webster Financial…View ↗
8-K, filed Dec 20, 2021
On December 17, 2021, the Board of Governors of the Federal Reserve System approved the application of Webster Financial Corporation…View ↗
8-K, filed Apr 22, 2021
On April 18, 2021, Sterling Bancorp, a Delaware corporation (“Sterling”), entered into an Agreement and Plan of Merger (the “Merger…View ↗
Grew. Revenue grew 58% in 4 years, from $15.2M in FY2016 to $23.9M in FY2020, about 12% a year.
New banking offerings
The latest report adds plans for direct banking and for providing banking services to other financial-services companies; the older report describes banking products and services for commercial, consumer and municipal clients, alongside lending and deposits in select national markets.
10-K for FY2017, filed Mar 1, 2018 10-K for FY2020, filed Feb 26, 2021Target specific “high value” client segments and industry sectors in which we have competitive advantages and can generate attractive…View ↗
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