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Company Description

Contact Info

145 Bank Street

Waterbury, CT 06702

United States

Phone: 203-578-2202

Fax:

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association. The company, through the bank and non-banking financial services subsidiaries, delivers financial services to individuals, families, and businesses primarily from New York to Massachusetts. The company provides business and consumer banking, mortgage lending, financial planning, trust, and investment services through banking offices, ATMs, telephone banking, mobile banking and its Internet Website (www.websterbank.com or www.wbst.com). The company also offers equipment financing, commercial real estate lending, and asset-based lending primarily across the Northeast. On a nationwide basis, through its HSA Bank division, the company offers and administers health savings accounts, flexible spending accounts, health reimbursement accounts, and commuter benefits. In addition to bank, the company’s direct subsidiaries include Webster Wealth Advisors, Inc., and Webster Licensing, LLC. The company also owns all of the outstanding common stock of Webster Statutory Trust. The bank's direct subsidiaries include Webster Mortgage Investment Corporation (WMIC), Webster Business Credit Corporation (WBCC), and Webster Capital Finance, Inc. (WCF). Residential mortgage origination activity is conducted through the bank. WMIC is a passive investment subsidiary whose primary function is to provide servicing on qualified passive investments, such as residential real estate and commercial mortgage real estate loans acquired from the bank. Various commercial lending products are provided through the bank and its subsidiaries to clients primarily within the company’s regional footprint from New York to Massachusetts. WBCC provides asset-based lending services. WCF provides equipment financing for end users of equipment. Segments The company has four segments, including Commercial Banking, Community Banking, HSA Bank, and Private Banking. Commercial Banking The Commercial Banking segment includes middle market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking. The company’s Commercial Banking group takes a relationship approach to providing lending, deposit, and cash management services to middle market companies predominately within its franchise territory. Additionally, it serves as a referral source to Private Banking and Community Banking. Specifically, the company deploys local decision making through Regional Presidents and capitalizes on the expertise of its Relationship Managers to offer a value proposition to customers and prospects. Community Banking Community Banking segment serves consumer and business banking customers primarily throughout southern New England and into Westchester County, New York. This segment consists of Personal Banking, Business Banking, and a distribution network consisting of 163 banking centers and 316 ATMs, a customer care center, telephone banking, and a range of Web and mobile-based banking services. Personal Banking includes various consumer products, such as deposit and fee-based services, residential mortgages, home equity lines/loans, unsecured consumer loans, and credit cards. In addition, Webster Investment Services offers investment and securities-related services, including brokerage and investment advice through a strategic partnership with LPL Financial. The company offers customers investment products, including stocks and bonds, mutual funds, annuities, and managed accounts. Brokerage and online investing services are available for customers. Business Banking offers credit, deposit, and cash flow management products to businesses and professional service firms with annual revenues of approximately $20 million. This unit works to build full customer relationships through business bankers and business certified banking center managers supported by a team of customer care center bankers and industry and product specialists. HSA Bank HSA Bank, a division of the bank, offers health savings accounts, health reimbursement accounts, flexible spending accou

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Valuation WBS Industry Range
Price/Earnings 17.8x
Price/Sales 3.9x
Price/Book 1.5x
Price/Cash Flow 17.0x
TEV/Sales NM Not Meaningful
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