Webster Financial Corporation (WBS) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2586926220407394 
Cash and cash equivalents2586926220407394 
Disposal group, including discontinued operation 00111 
Total current assets:2586926221408395 
Noncurrent Assets
Property, plant and equipment270125130137129122122
Intangible assets, net (including goodwill)560564568572578533535
Goodwill538538538538538530530
Intangible assets, net (excluding goodwill)222630343935
Assets held-for-sale, long lived2
Total noncurrent assets:831689698709707654658
Other undisclosed assets29,30126,85225,76425,14223,56321,48420,195
TOTAL ASSETS:30,38927,61026,48826,07324,67822,53320,853
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt440237588741834960 
Total current liabilities:440237588741834960 
Noncurrent Liabilities
Long-term debt and lease obligation      227
Long-term debt, excluding current maturities      227
Total noncurrent liabilities:      227
Other undisclosed liabilities26,74124,48723,19722,80521,42819,25118,416
Total liabilities:27,18224,72423,78623,54622,26220,21018,644
Stockholders' equity
Stockholders' equity attributable to parent, including:3,0632,7412,5572,5272,2932,1712,209
Preferred stock   123   
Common stock1111111
Treasury stock, value(77)(72)(70)(71)(72)(103)(101)
Additional paid in capital1,1131,1141,1221,1261,1241,1281,126
Accumulated other comprehensive loss(36)(131)(92)(77)(78)(56)(49)
Retained earnings2,0611,8281,5961,4251,3181,2021,080
Other undisclosed stockholders' equity attributable to parent      152
Other undisclosed stockholders' equity145145145 123152 
Total stockholders' equity:3,2082,8872,7022,5272,4162,3232,209
TOTAL LIABILITIES AND EQUITY:30,38927,61026,48826,07324,67822,53320,853

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,1611,2211,1051,001935861 
Net investment income1,1541,217913820758718 
Financial services revenue192181177143 
Cost of revenue(38)(42)(41)(56)(49)(37)(34)
Provision for loan, lease, and other losses(38)(42)
Financial services costs(41)(56)(49)(37)(34)
Gross profit:1,1231,1791,064945886824(34)
Operating expenses(100)(100)(459)(432)(380)(392)(399)
Other operating income, net
(Noninterest Income, Other Operating Income)
32362639241912
Operating income (loss):1,0551,115631551530451(421)
Nonoperating income (expense)  (0)0142099
Investment income, nonoperating  (0)00584
Bank owned life insurance income    131314
Interest and debt expense(199)(148)(117)(103)(95)(91)(91)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(369)(525)(160)(145)(147)(89)669
Income from continuing operations before income taxes:487442354303300291256
Income tax expense(104)(81)(98)(96)(94)(91)(77)
Net income attributable to parent:383360255207206200180
Preferred stock dividends and other adjustments(10)(9)(9)(9)  (11)
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:373352247198198189169

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:383360255207206200180
Other comprehensive income (loss)95(39)11(22)(8)(16)
Comprehensive income, net of tax, attributable to parent:477321257208184192163

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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