$WBS (Webster Financial Corp.)

$WBS {{ '2016-09-19T20:46:46+0000' | timeago}} • Announcement

$WBS has appointed Lauren C. States to its and Webster Bank's BoD effective Sept. 19, 2016. Ms. States is an Executive-in-Residence at Northeastern University's D'Amore-McKim School of Business. She was most recently VP of Strategy and Transformation for IBM's Software Group.

$WBS {{ '2017-07-10T18:37:10+0000' | timeago}} • Announcement

$WBS has named Alice Ferreira as SVP of Corporate Communications and Public Affairs. She reports to EVP and Chief Marketing Officer Dawn C. Morris.

$WBS {{ '2017-06-30T19:12:40+0000' | timeago}} • Announcement

$WBS said Webster Bank has appointed John H. Driscoll Jr. as Regional Market Executive for its Hartford and New Haven offices. He will report to Peter M. Gabriel, SVP, Head of Private Banking.

$WBS {{ '2017-06-27T17:45:43+0000' | timeago}} • Announcement

Webster Bank, a subsidiary of $WBS, said it led senior commercial mortgage financing for White Plains, New York-based CG IX LLC, a subsidiary of CampGroup LLC, a family-owned operator of 15 summer camps in six states. The loan will refinance existing debt and support future capital projects.

$WBS {{ '2017-05-04T18:46:52+0000' | timeago}} • Announcement

$WBS said Executive Vice Chairman Joseph Savage will retire effective June 30 following a distinguished 40-year career in banking, culminating in 15 years of outstanding service to Webster.

$WBS {{ '2017-04-25T11:58:00+0000' | timeago}} • Announcement

$WBS' increased its quarterly cash dividend by $0.01 to $0.26 per share. The dividend is payable May 22, 2017 to shareholders of record on May 8, 2017. The company also declared a quarterly cash dividend of $400 per share for its Series E Preferred Stock, payable on June 15, 2017 to shareholders of record on June 1, 2017.

$WBS {{ '2017-04-21T15:12:51+0000' | timeago}} • Webcast

$WBS said that the updated balance for loans and deposits in the Boston markets is of total loans of about $375MM and deposits of about $290MM from the new acquisition. These balances, the company added, have improved from the previous quarter.

$WBS {{ '2017-04-21T15:09:01+0000' | timeago}} • Webcast

$WBS said that on the other non-interest income decline QoQ, swap fee income was the largest driver. Additionally on the tax rate guidance, the company said it would see more volatility in the tax line than seen and mostly it will be seen in the first quarter.

$WBS {{ '2017-04-21T11:55:54+0000' | timeago}} • Announcement

$WBS' non-interest income for 1Q17 rose to $63.1MM from $62.4MM last year. This reflects increases of $2.2MM in loan and lease fees and $2.1MM in deposit service fees offset by a decrease of $2MM in HSA other income related to an adjustment of an acquisition receivable and a decline of $1.8MM in client swap activity.

$WBS {{ '2017-04-21T11:52:45+0000' | timeago}} • Announcement

$WBS reported a rise in 1Q17 earnings driven by $1.1Bil in commercial loan growth, full funded by HSA and transactional account deposit growth. Net income rose to $59.47MM or $0.62 per share from $47.05MM or $0.49 per share last year. Revenue grew 7.3% to $255.7MM.

$WBS {{ '2017-04-10T17:28:09+0000' | timeago}} • Announcement

$WBS appointed Gregory Madar as CFO of HSA Bank effective May 2017. HSA Bank, a division of Webster Bank, is a provider of consumer-directed health savings accounts. In his newly created role, Madar will oversee financial performance analysis, budget and planning, controllership and financial management for HSA Bank.

$WBS {{ '2017-01-19T18:18:18+0000' | timeago}} • Webcast

$WBS said that on HSA Bank, from an expense perspective, the company is in the investment stage in the business. The company added that it has also accelerated a lot of these investments into the current period. $WBS expects this to continue through the beginning of the year.

$WBS {{ '2017-01-19T18:14:37+0000' | timeago}} • Webcast

In Personal Banking, $WBS' total deposits and transaction deposits were up 4% and 5% respectively YoverY. The company continues to build momentum in its Boston initiative and expects net interest income to increase by about $5MM linked quarter.

$WBS {{ '2017-01-19T12:54:24+0000' | timeago}} • Announcement

$WBS' 4Q16 net interest income grew to $185.3MM from $173.3MM in the year ago quarter. Net interest margin grew to 3.11% from 3.08%. The yield on interest-earning assets rose by 3 BP, while the cost of funds remained flat.

$WBS {{ '2017-01-19T12:51:27+0000' | timeago}} • Announcement

$WBS, the holding company for Webster Bank, reported an increase in 4Q16 earnings, driven by strong quarterly loan originations with a modest increase in the net interest margin. Net income for the quarter rose 11.28% to $57.66MM or $0.60 per share from $51.81MM or $0.54 per share a year ago. Revenue for the quarter grew 9.8% to $255.9MM.

$WBS {{ '2017-01-12T15:34:56+0000' | timeago}} • Announcement

$WBS' subsidiary Webster Bank promoted Debra Drapalla, SVP, senior relationship manager, Commercial Banking, to Boston regional president. She succeeds Paul Mollica, who will be retiring, but will continue to serve as an ambassador for Webster.

$WBS {{ '2017-01-06T21:05:25+0000' | timeago}} • Announcement

$WBS named three bankers to the position of Senior Vice President. Randall Blattner is Senior Vice President, Director, Business Applications Delivery. Josephine Moran is Senior Vice President, Sales Manager, Webster Investments Services and Brian Runkle is Senior Vice President, Transformation and Operational Excellence.

$WBS {{ '2017-01-06T14:40:41+0000' | timeago}} • Announcement

Webster Bank, a subsidiary of $WBS, said that Samuel Hanna, SVP, director, Webster Capital Finance, has been promoted and will now lead Middle Market Banking. He succeeds Christopher Motl, who was promoted to EVP, head of Commercial Banking. Richard Matte, SVP, Webster Capital Finance, will add operational responsibilities to his sales duties.

$WBS {{ '2017-01-04T23:35:57+0000' | timeago}} • Announcement

$WBS announced that Christopher Motl, EVP, Middle Market Banking has been promoted to EVP, Head of Commercial Banking at Webster Bank. In his new role, Motl will lead all Commercial Banking business units. Motl will also become a member of the Executive Management Committee and was also promoted to EVP of $WBS.

$WBS {{ '2016-12-15T00:06:29+0000' | timeago}} • Announcement

$WBS said it raised its prime lending rate to 3.75% from 3.50% effective Dec. 15, 2016.

$WBS {{ '2016-10-26T15:46:58+0000' | timeago}} • Announcement

$WBS' BoD declared a quarterly cash dividend of $0.25 per common share. The dividend is payable on Nov. 22, 2016 to shareholders of record on Nov. 8, 2016.

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