Webster Financial Corp Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 303.00M115.00M22.50M21.50M33.50M37.25M49.30M56.35M40.90M42.00M37.80M137.85M-54.50M280.62M150.75M222.00M
Revenue 679.78M738.50M740.81M771.67M787.78M830.55M902.40M982.99M1,055.77M1,189.25M1,240.44M1,176.67M1,224.46M2,475.07M2,651.61M2,590.29M
Interest income
Interest income - Loans 537.38M493.24M486.88M484.96M489.37M511.61M552.44M621.03M708.57M842.45M924.69M789.72M762.71M1,946.56M3,071.38M3,182.47M
Interest income - Investments 170.00M140.00M90.00M100.00M110.00M145.00M120.00M290.00M360.00M20.00M200.00M475.00M600.00M600.00M
Interest Income - Debt Securities 175.43M184.57M182.60M179.66M174.58M189.41M190.06M180.35M181.13M191.49M207.29M189.68M155.90M269.23M396.68M636.18M
Interest Income - Deposits 140.69M151.14M162.18M
Other interest income 26.50M5.21M0.15M0.16M3.10M18.43M105.26M55.97M
Interest Income - Total 746.09M708.65M699.72M693.50M687.64M718.94M760.04M821.91M913.61M1,055.17M1,154.58M1,002.05M942.84M2,284.74M3,628.26M3,927.29M
Interest expenses
Interest Expense - Deposits 180.80M112.63M80.81M59.59M46.58M44.16M46.03M49.86M62.25M90.41M129.58M67.90M20.13M138.55M1,021.42M1,427.20M
Interest Expense - Debt 25.34M25.22M24.62M17.03M16.23M16.91M22.86M29.03M30.32M33.46M31.40M18.77M1.71M58.56M222.54M125.33M
Interest Expense - Fed Funds 21.03M20.80M19.39M16.86M14.53M14.37M13.49M17.95M5.94M3.04M19.06M9.10M4.11M
Interest Expense - Others 11.13M20.53M18.05M16.88M34.28M37.93M32.25M
Interest Expenses 250.70M171.38M135.96M114.59M90.91M90.50M95.42M103.40M117.32M148.49M199.46M110.66M41.76M250.45M1,290.99M1,588.90M
Interest Income - Net 495.39M537.27M563.77M578.91M596.73M628.44M664.62M718.51M796.29M906.68M955.13M891.39M901.09M2,034.29M2,337.27M2,338.39M
Non-interest income
Interest Income - Total 192.39M422.27M541.27M557.41M563.23M591.19M615.33M662.16M755.39M864.68M917.33M753.64M955.59M1,753.67M2,186.52M2,116.39M
Financial Services Fees 22.18M20.29M26.42M1.90M3.00M1.50M1.50M28.96M31.05M32.84M32.93M32.92M39.59M40.28M29.00M33.23M
Service Charges 119.42M108.98M102.80M96.63M98.97M103.43M135.06M140.69M151.14M162.18M168.02M156.03M162.71M198.47M169.32M161.14M
Investment Gain (Loss) -13.81M9.75M3.82M-0.72M0.71M5.50M0.61M0.41M0.03M0.01M-6.75M-33.62M-136.22M
Investment Banking Income 4.20M22.53M23.04M16.36M4.07M7.79M14.63M9.94M4.42M6.12M18.30M6.22M3.90M2.00M-11.80M
Asset Management 24.00M24.93M26.42M29.52M34.77M34.95M32.49M28.96M31.05M
Mortgage Banking 6.90M4.17M4.91M18.04M21.86M23.21M25.59M26.58M26.45M32.02M31.33M29.13M36.66M102.99M84.86M76.38M
Trading Income 12.04M-1.80M
Other Non-Interest Income 205.90M150.68M129.33M104.20M75.46M44.43M43.56M46.91M44.93M43.39M52.48M55.33M63.77M76.56M98.08M89.65M
Non-Interest Income 184.40M201.22M177.04M192.76M191.05M202.11M237.78M264.48M259.48M282.57M285.31M285.28M323.37M440.78M314.34M251.90M
Operating Items
Amortization - Intangibles 31.20M29.86M29.01M26.46M21.62M17.06M15.95M19.09M22.87M20.60M21.87M21.88M20.88M50.44M54.21M38.76M
Depreciation & Amortization - Total 62.21M60.33M61.99M80.81M79.88M89.46M97.88M105.28M112.27M112.83M186.38M197.93M195.02M
Wages, Salaries and Other 236.17M245.34M262.65M264.10M264.83M270.15M297.52M326.00M356.50M381.50M395.40M428.39M419.99M723.62M711.75M762.79M
Rent Expense 55.52M55.63M53.87M50.13M48.79M47.33M48.84M61.11M60.49M59.46M57.18M71.03M55.35M113.90M77.52M72.16M
Other Operating Expenses 451.87M22.48M-9.52M389.46M388.59M392.28M425.69M482.20M511.12M548.28M553.49M575.64M576.92M1,096.19M1,140.91M1,084.10M
Operating Expenses 507.39M538.97M510.98M501.80M497.71M501.60M555.34M623.19M661.08M705.62M715.95M758.95M745.10M1,396.47M1,416.36M1,351.28M
EBIT 120.09M255.90M343.29M362.96M347.48M382.20M393.18M406.85M471.11M590.12M686.15M390.63M575.62M1,048.43M2,375.49M2,605.91M
Non-operating items
Non Operating Investment Income 24.34M
Other Non Operating Income 5.99M
Net income details
EBT -130.61M84.52M207.33M248.36M256.57M291.70M297.76M303.45M353.79M441.63M486.69M279.97M533.86M797.98M1,084.50M1,017.01M
Tax Provisions -53.42M12.36M57.95M74.67M77.11M91.97M93.03M96.32M98.35M81.22M103.97M59.35M125.00M153.69M216.66M248.30M
Profit After Tax -77.19M72.26M151.38M173.70M179.46M199.73M204.73M207.13M255.44M360.42M382.72M220.62M408.86M644.28M867.84M768.71M
Equity Income -63.58M79.13M8.83M52.29M101.68M113.07M115.46M79.60M159.64M90.01M43.79M222.53M233.19M310.94M196.54M
Income from Non-Controlling Interests 0.02M0.00M-0.00M
Income from Continuing Operations -77.19M72.16M149.38M173.70M179.46M199.73M204.73M207.13M255.44M360.42M382.72M220.62M408.86M644.28M867.84M768.71M
Consolidated Net Income 0.30M0.09M2.00M173.70M179.46M199.73M204.73M207.13M255.44M360.42M382.72M220.62M408.86M644.28M867.84M768.71M
Income towards Parent Company 0.30M0.09M2.00M173.70M179.46M199.73M204.73M207.13M255.44M360.42M382.72M220.62M408.86M644.28M867.84M768.71M
Preferred Dividend Payments 32.86M18.09M3.29M2.46M11.42M11.23M9.37M8.70M8.61M8.71M7.88M7.88M7.88M15.92M16.65M16.65M
Net Income towards Common Stockholders -86.53M47.34M148.09M171.24M168.04M188.50M195.36M198.42M246.83M351.70M374.85M212.75M400.99M628.36M851.19M752.06M
Additional items
EPS (Basic) -1.430.601.691.961.902.102.152.172.683.834.072.354.433.724.914.38
EPS (Weighted Average and Diluted) -2.170.571.611.861.862.082.132.162.673.814.062.354.423.724.914.37
Shares Outstanding (Weighted Average) 71.17M78.51M87.50M87.92M90.37M
Tax Rate 40.90%14.62%27.95%30.06%30.06%31.53%31.24%31.74%27.80%18.39%21.36%21.20%23.41%19.26%19.98%24.41%