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Dec 31, 2021

Webster Q4 2021 Earnings Report

Reported earnings of $1.20 per diluted share for the fourth quarter of 2021.

Key Takeaways

Webster Financial Corporation reported strong fourth-quarter results, with earnings applicable to common shareholders of $108.4 million, or $1.20 per diluted share. Revenue increased by 7.9 percent compared to the prior year, and loan growth was robust at 4.1 percent linked quarter, excluding PPP loans.

Earnings applicable to common shareholders were $108.4 million, or $1.20 per diluted share.

Revenue increased by 7.9 percent compared to the prior year, reaching $316.9 million.

Loan growth of 4.1 percent linked quarter, excluding PPP loans.

The company looks forward to closing merger with Sterling after securing all regulatory approvals.

Total Revenue
$227M
Previous year: $217M
+4.5%
EPS
$1.31
Previous year: $0.99
+32.3%
Net Interest Margin
2.73%
Previous year: 2.83%
-3.5%
Efficiency Ratio
54.85%
Previous year: 60.3%
-9.0%
Gross Profit
$317M
Previous year: $294M
+7.8%
Cash and Equivalents
$137M
Previous year: $194M
-29.0%
Free Cash Flow
$219M
Previous year: $212M
+3.4%
Total Assets
$34.9B
Previous year: $32.6B
+7.1%

Webster

Webster

Webster Revenue by Segment

Forward Guidance

The company looks forward to closing its merger with Sterling.

Revenue & Expenses

Visualization of income flow from segment revenue to net income