secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2023-12-14T23:59:59+00:00
Accession:  0001140361-23-057661
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster to acquire Ametros for $350M cash; accretion >2% to FY25 EPS
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- Deal valued at $350M cash; expected close Q1 2024; Ametros to operate as Webster subsidiary.
- Ametros has $804M in deposits (avg cost <10 bps, duration >20 yrs, 25% CAGR projected).
- Transaction >2% accretive to FY25 consensus EPS; IRR >25%; tangible book earn-back ~5 yrs.
- Over 24,000 members; deposits under custody more than doubled over past three years.
- Enhances Webster's low-cost deposit base and healthcare financial services expertise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000114036123057661/0001140361-23-057661-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000114036123057661/ef20016692_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-057661

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