Company
Webster Financial Corporation
Headquarters: Waterbury, CT, United States
Founded: 1935
Employees: 2,424
CEO: Mr. John R. Ciulla
Market Cap
$8.64 Billion
USD as of Jan. 1, 2024
Webster Financial Corporation Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Top Competitors by Market Capitalization
Industry: Banks—Regional
| Company | Market Cap (USD) |
|---|---|
| HDFC Bank | $167.72 B |
| China Merchants Bank | $98.57 B |
| Al Rajhi Banking and Investment Corp | $93.33 B |
| ICICI Bank Limited | $83.47 B |
| BNP Paribas SA | $80.01 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Retail Banking. The Commercial Banking segment provides lending, deposit, and cash management services; commercial and industrial lending and leasing, commercial real estate lending, equipment financing, and asset-based lending, as well as treasury and payment services; wealth management solutions to business owners, operators, and consumers; and trust, asset management, financial planning, insurance, retirement, and investment products. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, consultants, and financial advisors. The Retail Banking segment provides deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers. The company also offers online and mobile banking services. As of December 31, 2021, it operated 130 banking centers and 251 ATMs. The company was founded in 1935 and is headquartered in Stamford, Connecticut.
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Stocks & Indices
Webster Financial Corporation has the following listings and related stock indices.
Stock: NYSE: WBS wb_incandescent
Stock: FSX: WED wb_incandescent
Stock: NYSE: WBS.PR.F wb_incandescent
Stock: NYSE: WBS-F wb_incandescent
Product & Services
Banking
Key People
John R. Ciulla, President and CEO James C. Smith, Chairman
Financials
Revenue: US$1.20 billion (2019)