Webster Financial Corporation

NYSE:WBS Stock Report

Market Cap: US$11.7b

Webster Financial Past Earnings Performance

Past criteria checks 5/6

Webster Financial has been growing earnings at an average annual rate of 20.5%, while the Banks industry saw earnings growing at 2.8% annually. Revenues have been growing at an average rate of 15.2% per year. Webster Financial's return on equity is 10.7%, and it has net margins of 36.4%.

Key information

20.51%

Earnings growth rate

10.73%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate15.19%
Return on equity10.68%
Net Margin36.40%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

WBS: Santander Deal Risks And Rating Downgrades Will Shape Balanced Outlook

Analysts have trimmed their average price target on Webster Financial by $2, reflecting a more cautious stance as recent downgrades and concerns around deal execution balance out earlier target increases tied to the proposed Banco Santander acquisition exchange ratio. Analyst Commentary Street research on Webster Financial has shifted toward a more cautious tone, with multiple downgrades and a modest cut to the average price target offsetting earlier optimism linked to the proposed Banco Santander exchange ratio.

WBS: Santander Deal Uncertainty And Rating Shifts Will Shape Balanced Outlook

Analysts have nudged the fair value estimate for Webster Financial slightly lower, trimming the implied price target by about $1 to $73.75 as they factor in updated views on the proposed Santander deal and recent shifts in rating and target activity across the Street. Analyst Commentary Recent research on Webster Financial has turned more cautious, with several firms revisiting ratings and targets as they factor in deal risk around the proposed Banco Santander acquisition and the latest sector views on regional banks.

WBS: Santander Deal Risk And Mixed Downgrades Will Drive Balanced Outlook

The analyst price target for Webster Financial has edged down by about $0.09 to reflect mixed research updates, as some analysts factor in increased deal risk around the proposed Banco Santander acquisition, while others adjust targets to align with the announced exchange ratio. Analyst Commentary Recent research on Webster Financial highlights a clear split between bullish and bearish views, with opinions hinging on how investors weigh the proposed Banco Santander acquisition, deal risk, and the valuation implied by the exchange ratio.

WBS: Santander Deal Uncertainty And Mixed Ratings Will Shape Balanced Outlook

The analyst price target for Webster Financial has nudged higher in our model to $74.92 from $74.77, as analysts factor in the proposed Banco Santander exchange ratio, a series of refreshed targets across the regional bank group, and emerging deal approval risks flagged in recent research. Analyst Commentary Recent Street research around Webster Financial has turned more polarized, with one camp focusing on deal math and sector re-rating potential, and another zeroing in on execution and regulatory risks tied to the proposed Banco Santander transaction and broader bank sector assumptions.

WBS: Takeover Deal And Neutral Ratings Will Shape Balanced Future Outlook

Analysts made a small upward adjustment to their blended price target for Webster Financial to about $74.77, reflecting updated assumptions around a slightly higher future P/E multiple, even as recent research has shifted toward more neutral ratings across the bank group. Analyst Commentary Recent research on Webster Financial has shifted toward more cautious positioning, even as price targets and valuation assumptions are being fine tuned rather than completely reset.

WBS: Takeover Prospects And Loan Demand Will Shape Balanced Future Outlook

Analysts have trimmed their price target on Webster Financial to about $74.64 from $75.41, reflecting slightly softer assumptions for revenue growth and margins. This is partly offset by a modestly higher future P/E and a series of recent rating and target changes across the Street.

WBS: Improving Loan Demand And Share Buybacks Will Support Future Upside

Analysts have increased their average price target for Webster Financial to about $75.41 from $74.71, citing relatively stable regional bank outlooks, expectations for improving loan and revenue growth, and company specific commentary on firmer loan demand balanced against pressure on net interest margins. Analyst Commentary Recent research updates on Webster Financial reflect a mix of optimism around growth and valuation, paired with some caution on margins and sector level factors.

WBS: Loan Demand And Balance Sheet Trends Will Support Future Upside

Narrative Update: Analyst Target Reset for Webster Financial The updated analyst price work for Webster Financial reflects a modest uplift in implied fair value to about $74.71 from roughly $71.76, as analysts point to relatively stable regional bank outlooks, improving loan and revenue growth expectations, and supportive sector drivers highlighted in recent target changes across the stock's coverage. Analyst Commentary Recent research on Webster Financial clusters around a broadly constructive view, with most updates reflecting higher price targets and an emphasis on loan growth, balance sheet momentum, and relative value among regional and mid cap banks.

Webster Financial: I'm Not Ready To Let Go Yet

Jan 07

WBS: Share Repurchases And Strong Margins Will Support Future Upside Potential

Analysts have nudged their price target for Webster Financial modestly higher to approximately 71.76 dollars from about 71.59 dollars, citing slightly improved profit margin expectations. These expectations more than offset a small reduction in projected revenue growth and a lower anticipated future price to earnings multiple.

New Healthcare Legislation And Digital Banking Will Unlock Future Opportunities

The analyst price target for Webster Financial has increased modestly by $0.77 to $71.59. Analysts cite improving asset quality, resilient profitability metrics, and a constructive macro backdrop as factors supporting the outlook for the bank.

New Healthcare Legislation And Digital Banking Will Unlock Future Opportunities

Webster Financial’s consensus price target saw a slight upward revision to $70.82, driven by improved asset quality, loan growth expectations, favorable credit outlook, and industry tailwinds such as deregulation and constructive macroeconomic conditions. Analyst Commentary Improved asset quality and stabilization of credit outlook are supporting higher price targets.

Webster Financial (NYSE:WBS) Has Affirmed Its Dividend Of $0.40

Aug 03
Webster Financial (NYSE:WBS) Has Affirmed Its Dividend Of $0.40

I Can Finally Bank On Webster Financial Corporation

Apr 07

Webster Financial: Risks Are Exaggerated

Jan 07

Webster Financial: Shares Roar Higher On Solid Outlook, Yet I Retain 'Hold'

Oct 18
User avatar

Tactical Partnerships And Tech Investments Propel Growth Amid Financial Challenges

Strategic partnerships, fresh executive leadership, and technological investments are poised to enhance Webster Financial's balance sheet flexibility and operational efficiencies, diversifying income

Webster Financial: Not Yet Ready For An Upgrade

Jul 19

Webster Financial: Market Reaction May Have Been Exaggerated

Apr 26

Webster Financial Corporation: Loan Growth Slows But Management Remains Optimistic

Jan 24

Revenue & Expenses Breakdown

How Webster Financial makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:WBS Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 262,7309941,2180
31 Dec 252,6769751,1860
30 Sep 252,5818981,1570
30 Jun 252,4868311,1470
31 Mar 252,3727541,1230
31 Dec 242,3677441,1070
30 Sep 242,3767521,0980
30 Jun 242,4237851,0960
31 Mar 242,5098381,1110
31 Dec 232,5018431,1130
30 Sep 232,5649021,0650
30 Jun 232,5519101,0250
31 Mar 232,5048589850
31 Dec 222,1946239210
30 Sep 221,8654938470
30 Jun 221,5423587490
31 Mar 221,2622736650
31 Dec 211,2793996090
30 Sep 211,2423486230
30 Jun 211,2083226350
31 Mar 211,1372816300
31 Dec 201,0392116460
30 Sep 201,0402426150
30 Jun 201,0682666040
31 Mar 201,1293116010
31 Dec 191,2033735960
30 Sep 191,2073825910
30 Jun 191,2003885870
31 Mar 191,1773715810
31 Dec 181,1473525760
30 Sep 181,1053235680
30 Jun 181,0692885580
31 Mar 181,0422685480
31 Dec 171,0152475410
30 Sep 171,0002355360
30 Jun 179762225290
31 Mar 179492115190
31 Dec 169271985010
30 Sep 169021934910
30 Jun 168861924770
31 Mar 168681934670
31 Dec 158531954540
30 Sep 158391944420
30 Jun 158211924280

Quality Earnings: WBS has high quality earnings.

Growing Profit Margin: WBS's current net profit margins (36.4%) are higher than last year (31.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: WBS's earnings have grown significantly by 20.5% per year over the past 5 years.

Accelerating Growth: WBS's earnings growth over the past year (31.7%) exceeds its 5-year average (20.5% per year).

Earnings vs Industry: WBS earnings growth over the past year (31.7%) exceeded the Banks industry 22.8%.

Return on Equity

High ROE: WBS's Return on Equity (10.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 21:34
End of Day Share Price 2026/05/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Webster Financial Corporation is covered by 30 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bruce HartingBarclays
Jared David ShawBarclays
Jason GoldbergBarclays