secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K/A
Filed at:   2022-04-15T23:59:59+00:00
Accession:  0000801337-22-000014
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Financial completes Sterling Bancorp merger; pro forma net income $531.7M
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- Merger consideration $5.18B; each Sterling share exchanged for 0.4630 Webster share.
- Preliminary goodwill $2.0B recorded; core deposit intangible $119.1M, customer intangibles $91.0M.
- Pro forma total assets $64.7B; loans and leases net $42.7B; deposits $52.7B.
- Pro forma net income available to common $531.7M; EPS $2.98 basic for FY2021.
- One-time merger costs $199.3M and $175.1M provision for credit losses on acquired loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133722000014/0000801337-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133722000014/wbs-20220131.htm
  HTML page:      https://secwatch.observer/filing/0000801337-22-000014

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