NYSE$WBS
Webster Financial Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Net income available to common stockholders was $181.2 million, or $1.05 per diluted share, for the quarter ended December 31, 2023.
Webster Financial Corporation reported a net income available to common stockholders of $181.2 million, or $1.05 per diluted share, for Q4 2023. Adjusted earnings per diluted share were $1.46, excluding charges related to a FDIC special assessment, the merger with Sterling Bancorp, and securities repositioning. The company's revenue reached $634.8 million, and they saw growth in loan and deposit balances.
- Reported EPS of $1.05, with adjusted EPS at $1.46 after excluding certain charges.
- Revenue totaled $634.8 million for the quarter.
- Period-end loan and lease balance increased to $50.7 billion, up 1.3% from the prior quarter.
- Period-end deposit balance reached $60.8 billion, a 0.7% increase from the previous quarter.
Headline financials
Revenue & EPS history
Webster · Revenue · Quarterly
$571M
Revenue by segment
Webster · $520M total across 2 segments · Q3 2023
- Commercial Banking$422M+12.8%81.1%
- Healthcare Financial$98.5M+16.7%18.9%
Forward guidance
Webster's management expressed confidence in the company's strong financial position and proactive actions, which they believe will lead to continued success in 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+0.5%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+2.8%
Avg return
30 days after
51%
35 / 69 earnings
Positive
+14.5%
Q3 2020
Best reaction
-11.9%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | +0.5% | +1.1% | |
| Q4 2025 | -3.2% | -2.6% | +10.4% | |
| Q3 2025 | +0.4% | +3.3% | +4.3% | |
| Q2 2025 | -1.6% | -0.1% | +5.3% | |
| Q1 2025 | +1.6% | +1.1% | +8.7% | |
| Q4 2024 | +4.0% | +2.4% | +2.0% | |
| Q3 2024 | +8.8% | +6.8% | +23.5% | |
| Q2 2024 | -5.0% | +0.8% | -7.6% | |
| Q1 2024 | -3.5% | -4.5% | -7.1% | |
| Q4 2023 | +0.5% | +0.1% | -7.9% | |
| Q3 2023 | -2.9% | -5.6% | +9.8% | |
| Q2 2023 | +1.3% | +3.4% | -5.6% | |
| Q1 2023 | -2.6% | -9.0% | -9.5% | |
| Q4 2022 | +7.5% | +11.3% | +12.7% | |
| Q3 2022 | +4.8% | +8.9% | +8.4% | |
| Q2 2022 | -2.8% | -2.5% | +5.9% | |
| Q1 2022 | +2.7% | +3.9% | +0.2% | |
| Q4 2021 | -1.5% | -1.6% | -2.8% | |
| Q3 2021 | -0.8% | -1.4% | -2.7% | |
| Q2 2021 | -0.9% | -1.4% | +0.8% | |
| Q1 2021 | -11.9% | -7.1% | -0.3% | |
| Q4 2020 | -2.2% | -2.8% | +0.1% | |
| Q3 2020 | +14.5% | +5.4% | +29.1% | |
| Q2 2020 | +1.7% | -1.0% | +2.9% | |
| Q1 2020 | -1.9% | +1.1% | +6.6% | |
| Q4 2019 | -5.2% | -8.1% | -10.5% | |
| Q3 2019 | -6.1% | -4.8% | +0.5% | |
| Q2 2019 | +4.7% | +5.6% | -2.9% | |
| Q1 2019 | -2.8% | +0.3% | -7.5% | |
| Q4 2018 | +5.5% | +4.1% | +4.6% | |
| Q3 2018 | +4.3% | +1.1% | +1.9% | |
| Q2 2018 | +1.5% | +2.8% | +2.3% | |
| Q1 2018 | +8.7% | +10.1% | +18.1% | |
| Q4 2017 | +0.1% | -1.6% | -5.2% | |
| Q3 2017 | +4.7% | +4.5% | +0.8% | |
| Q2 2017 | -3.6% | -3.4% | -12.8% | |
| Q1 2017 | +3.4% | +6.8% | -1.5% | |
| Q4 2016 | +0.2% | +1.5% | +7.0% | |
| Q3 2016 | +4.3% | +4.8% | +23.2% | |
| Q2 2016 | -1.7% | -1.1% | +4.1% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | -2.6% | — | — | |
| Q3 2015 | -1.5% | — | — | |
| Q2 2015 | -3.3% | — | — | |
| Q1 2015 | -3.6% | — | — | |
| Q4 2014 | +5.7% | — | — | |
| Q3 2014 | +2.7% | — | — | |
| Q2 2014 | -3.7% | — | — | |
| Q1 2014 | +2.7% | — | — | |
| Q4 2013 | +4.6% | — | — | |
| Q3 2013 | +5.3% | — | — | |
| Q2 2013 | +3.6% | — | — | |
| Q1 2013 | -4.0% | — | — | |
| Q4 2009 | +1.3% | — | — | |
| Q4 2012 | +3.7% | — | — | |
| Q3 2012 | -6.0% | — | — | |
| Q2 2012 | +6.3% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2011 | -3.8% | — | — | |
| Q4 2010 | -3.8% | — | — | |
| Q4 2008 | -3.8% | — | — | |
| Q1 2010 | -3.8% | — | — | |
| Q3 2011 | +5.5% | — | — | |
| Q2 2011 | -0.9% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q3 2010 | +5.3% | — | — | |
| Q3 2009 | +5.3% | — | — | |
| Q2 2009 | -0.5% | — | — | |
| Q2 2010 | -0.5% | — | — |
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