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WEBSTER FINANCIAL CORP logo

WEBSTER FINANCIAL CORP

websterbank.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2026 10-Q, filed Jul 27, 2026. Its latest SEC filing is a 15-12G from Sep 30, 2026.

The sections below describe the company as of the FY2025 annual report.

What Did They Do?

Provides banking and wealth services to businesses, individuals, and families through commercial, healthcare, and consumer banking operations.

How Did They Make Money?

Deposit service fees come from account maintenance, cash management, transactions and card use, generally charged immediately or the following month. Wealth fees are charged monthly or quarterly or when securities are sold; Ametros earns fees for arranging in-network sales and ongoing medical services, while payroll-financing fees track weekly remittances.

revenue
SegmentShareRevenue
Deposit service fees
66%
FY2022: 74%
Loan and lease related fees
Usage-based
4.1%
FY2022: 8.0%
Wealth and investment services
13%
FY2022: 15%
Other
17%
FY2022: 3.1%

Who Were Their Customers?

Commercial Banking serves companies, investors, government entities, and other public and private institutions nationally; consumer banking serves individuals, families, and small to mid-sized businesses through relationship managers, wealth advisers, banking centers, and mobile banking. HSA Bank distributes employee-benefit products directly to employers and individuals and through insurance carriers, consultants, and financial advisers.

Did Revenues Turn Into Profits?

Yes. It kept 35 cents of every revenue dollar as net income in FY2025 and turned 35 cents into free cash flow.

Operating income, FY2025
51% of revenue
▲ +19% vs FY2024 ($1.2B, 48%)
Net income, FY2025
35% of revenue
▲ +30% vs FY2024 ($768.7M, 30%)
Free cash flow, FY2025
35% of revenue
▼ −26% vs FY2024 ($1.4B, 53%)

How Were They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +3%
vs $715.8M in Q2 FY2025
Net income
▼ −1%
vs $258.8M in Q2 FY2025
Deposit service fees share of revenue from contracts with customers vs 68.9% in Q2 FY2025
  • Aug 20, 2026 Banco Santander completed its acquisition of Webster Webster became a wholly owned subsidiary of Banco Santander, and Webster Bank merged into Santander Bank.

Grew. Revenue grew 13.7x in 4 years, from $212.4M in FY2021 to $2.9B in FY2025, about 92% a year.

Expanded healthcare services The older report describes HSA Bank's employee-benefits products; the latest also describes Ametros, which administers medical insurance claim settlements and helps people manage ongoing care.

Revenue over time
Deposit service fees Loan and lease related fees Wealth and investment services Other
$500M$250M$0

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