Webster Financial CorporationWBS
NYSE•Financial Services•Banks - Regional
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States. It operates through three segments: Commercial Banking, Healthcare Financial Services, and Consumer Banking. The company offers checking, savings, and money market accounts; time deposits; individual retirement account retirement savings; certificates of deposit; mortgages; home equity loans and lines of credit; business lines of credit; overdrafts; and term, commercial mortgages, student, PPA, SBA, and personal loans. It also provides commercial lending; financial planning, life and long-term insurance, personal retirement, and portfolio management solutions; employee retirement plans; credit cards; payroll services; automated clearing house payables and wires; bill pay, remote deposit capture, merchant, and lockbox services; treasury management and investment services; private banking services; wealth management services; and online and mobile banking services. Webster Financial Corporation was founded in 1870 and is headquartered in Stamford, Connecticut.
Webster Financial Corporation (WBS) reported trailing twelve months revenue of $2.93B as of March 2026, a 9.3% decline year-over-year. Quarterly revenue reached $735.87M, reflecting a contraction in sales.
Webster Financial Corporation generated $1.02B in TTM net income, with quarterly EBITDA of $376.75M. The operating margin contracted from 51.2% to 48.5%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (48.5%) and net margin (33.5%) indicates significant non-operating expenses or interest burden. Net margin has improved from 32.2% a year ago, signaling stronger bottom-line efficiency.
WBS trades at a P/E of 10.6x (below the broader market average) and a P/S of 3.7x. The price-to-book ratio of 1.1x reflects a moderate premium to book value.
The company generated $278.27M in free cash flow over the trailing twelve months, a 221.4% increase year-over-year, indicating cash generation ability. The balance sheet shows $85.58B in total assets with $738.31M in long-term debt against $9.57B in stockholders equity for a debt-to-equity ratio of 0.1, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~152.6% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~9.3% on average, adequate but below the threshold typically associated with wide moats.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (6 of 7 quarters up), with ~1131.1% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 80.4% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF covers net income by 1.4x on average — earnings are well-supported by cash generation.
D/E ratio is 0.1 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 6.0% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation