Webster Financial Corporation (WBS) financial statements (2021 and earlier)

Company profile

Business Address FRED SMITH
WATERBURY, CT 06702
State of Incorp. DE
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,8315,9655,7805,754258303217
Cash and cash equivalents263242303268258303217
Short-term investments5,5685,7235,4775,486   
Disposal group, including discontinued operation3      
Total current assets:5,8345,9655,7805,754258303217
Noncurrent Assets
Operating lease, right-of-use asset 147152158 162158
Property, plant and equipment227251258268270279278
Intangible assets, net (including goodwill)561562558559560561562
Goodwill538538538538538538538
Intangible assets, net (excluding goodwill)22242021222324
Deferred income tax assets81777780   
Total noncurrent assets:8691,0361,0461,0668311,002999
Other undisclosed assets25,88825,99425,88324,83529,30128,59127,726
TOTAL ASSETS:32,59132,99432,70931,65530,38929,89528,942
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt469  438440391317
Total current liabilities:469  438440391317
Noncurrent Liabilities
Other undisclosed liabilities28,88729,77529,53428,12726,74126,35225,560
Total liabilities:29,35629,77529,53428,56527,18226,74325,877
Stockholders' equity
Stockholders' equity attributable to parent3,0903,2203,1752,9443,0633,0072,920
Preferred stock 145145    
Common stock111 111
Treasury stock, value(141)(140)(141)(142)(77)(82)(84)
Additional paid in capital1,1101,1061,1041,1011,1131,1151,114
Accumulated other comprehensive income (loss)425241(25)(36)(37)(66)
Retained earnings2,0782,0562,0242,0102,0612,0111,956
Other undisclosed stockholders' equity145  146145145145
Total stockholders' equity:3,2353,2203,1753,0903,2083,1523,065
TOTAL LIABILITIES AND EQUITY:32,59132,99432,70931,65530,38929,89528,942

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues240246257278157338336
Net investment income236239252274154335335
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
1(23)(40)(76)(6)(11)(12)
Gross profit:241224217202151326324
Operating expenses(100)(28)(25)(25)(24)(25)(25)
Other operating income, net
(Noninterest Income, Other Operating Income)
    7  
Other undisclosed operating income34      
Operating income:176195192177134302299
Interest and debt expense(19)(20)(28)(44)(51)(54)(50)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(82)(88)(96)(84)33(129)(124)
Income from continuing operations before income taxes:75886849116119125
Income tax expense(15)(18)(15)(11)(26)(25)(26)
Net income attributable to parent:60695338909499
Preferred stock dividends and other adjustments(2)(2)(2)(2)(2)(2)(2)
Undistributed earnings (loss) allocated to participating securities, basic1(0)(0)(0)1(0)(0)
Other undisclosed net income (loss) available to common stockholders, basic(1)000(1)00
Net income available to common stockholders, diluted:58675136889196

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:60695338909499
Other comprehensive income (loss)(10)11661112936
Comprehensive income, net of tax, attributable to parent:50801194992123134

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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