Webster Financial Corp (NYSE: WBS) is a bank holding company that operates through commercial banking, consumer banking, and health savings account businesses. It makes money primarily through net interest income earned on loans and deposits, supplemented by fee-based non-interest income. The company issues preferred stock including 5.25% Series F and 6.50% Series G Non-Cumulative Perpetual Preferred Stock, as listed on a national exchange per its FY2025 10-K filed February 27, 2026. Webster references subsidiaries and affiliates including Ametros Financial Corporation and Bend Financial, Inc., indicating a presence in health savings and benefits-related financial services. The filing's acronym key references Agency MBS, Agency CMBS, and other investment securities categories, pointing to a balance sheet that holds mortgage-backed securities alongside its loan portfolio. The company operates under the Bank Holding Company Act of 1956 and is subject to Basel III capital requirements, including CET1 risk-based capital ratios.

Revenue model

Net interest income from loans and deposits, supplemented by non-interest fee income. Preferred stock dividends are an obligation, not a revenue source. Balance sheet includes Agency MBS and related investment securities.

Products and services

Commercial banking, consumer banking, health savings accounts (via Bend Financial), custodial health and settlement accounts (via Ametros Financial), deposit products, loans, and investment securities including Agency MBS and Agency CMBS.

Customers and end markets

Commercial and consumer banking customers. Health savings account holders and medical settlement beneficiaries served through specialty subsidiaries.

Value-chain role

Deposit-taking bank and bank holding company. Originates and holds loans, manages investment securities portfolio, and provides specialty financial services for health savings and medical settlements.

Source: SEC 10-K, filed 2026-02-27

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