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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,8312586926220407394
Cash and cash equivalents2632586926220407394
Short-term investments5,568      
Disposal group, including discontinued operation3 00111
Total current assets:5,8342586926221408395
Noncurrent Assets
Property, plant and equipment227270125130137129122
Intangible assets, net (including goodwill)561560564568572578533
Goodwill538538538538538538530
Intangible assets, net (excluding goodwill)2222263034393
Deferred income tax assets81 
Total noncurrent assets:869831689698709707654
Other undisclosed assets25,88829,30126,85225,76425,14223,56321,484
TOTAL ASSETS:32,59130,38927,61026,48826,07324,67822,533
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt469440237588741834960
Total current liabilities:469440237588741834960
Noncurrent Liabilities
Other undisclosed liabilities28,88726,74124,48723,19722,80521,42819,251
Total liabilities:29,35627,18224,72423,78623,54622,26220,210
Stockholders' equity
Stockholders' equity attributable to parent3,0903,0632,7412,5572,5272,2932,171
Preferred stock    123  
Common stock1111111
Treasury stock, value(141)(77)(72)(70)(71)(72)(103)
Additional paid in capital1,1101,1131,1141,1221,1261,1241,128
Accumulated other comprehensive income (loss)42(36)(131)(92)(77)(78)(56)
Retained earnings2,0782,0611,8281,5961,4251,3181,202
Other undisclosed stockholders' equity145145145145 123152
Total stockholders' equity:3,2353,2082,8872,7022,5272,4162,323
TOTAL LIABILITIES AND EQUITY:32,59130,38927,61026,48826,07324,67822,533

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,0211,1611,2211,1051,001935861
Net investment income1,0021,1541,217913820758718
Financial services revenue192181177143
Cost of revenue(138)(38)(42)(41)(56)(49)(37)
Provision for loan, lease, and other losses(138)(38)(42)
Financial services costs(41)(56)(49)(37)
Gross profit:8831,1231,1791,064945886824
Operating expenses(178)(100)(100)(459)(432)(380)(392)
Other operating income, net
(Noninterest Income, Other Operating Income)
34323626392419
Operating income:7401,0551,115631551530451
Nonoperating income (expense)   (0)01420
Investment income, nonoperating   (0)005
Bank owned life insurance income     1313
Interest and debt expense(111)(199)(148)(117)(103)(95)(91)
Other undisclosed loss from continuing operations before equity method investments, income taxes(349)(369)(525)(160)(145)(147)(89)
Income from continuing operations before income taxes:280487442354303300291
Income tax expense(59)(104)(81)(98)(96)(94)(91)
Net income attributable to parent:221383360255207206200
Preferred stock dividends and other adjustments(9)(10)(9)(9)(9)  
Undistributed earnings (loss) allocated to participating securities, basic  (1)(0)
Other undisclosed net income (loss) available to common stockholders, basic  10 (9)(11)
Net income available to common stockholders, diluted:211373352247198198189

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:221383360255207206200
Other comprehensive income (loss)7895(39)11(22)(8)
Comprehensive income, net of tax, attributable to parent:299477321257208184192

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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