Highest-materiality recent filing
Webster Financial stockholders approve acquisition by Banco Santander with 98.9% support
115,788,667 votes for, 1,279,203 against, 192,086 abstain on the Transaction Proposal; quorum 72.3% of 162,048,996 shares.
Three stockholder complaints and demand letters allege proxy statement lacks full disclosure on Webster's Santander deal.
Webster Q1 2026 EPS $1.50 ($1.57 adj); pending Santander acquisition on track
Net income $239.3M ($1.50 dil EPS) vs $220.4M ($1.30) year ago; adjusted EPS $1.57.
Transaction structured as a reincorporation merger into a Virginia sub, then a share exchange by Santander.
Santander acquires Webster Financial for $12.3B in cash-and-stock; per-share value ~$75.59
Webster stockholders receive $48.75 cash + 2.0548 Santander ADSs per share; total consideration ~$75.59/share.
Webster Q4 2025 EPS $1.55 ($1.59 adjusted); revenue $746.2M; record tangible book value
GAAP EPS $1.55 vs $1.01 YoY; adjusted EPS $1.59 vs $1.43 YoY; net income $248.7M.
Webster Q4 2025 EPS $1.55, adjusted $1.59; record EPS and tangible book value per share
Net income applicable to common $248.7M ($1.55 diluted EPS); adjusted EPS $1.59 vs $1.43 a year ago.
Webster Financial appoints Kristen Antonopoulos as Chief Accounting Officer, effective Jan 6, 2026
Appointed Kristen Antonopoulos, age 43, as Chief Accounting Officer; Gregory Madar relinquishes interim CAO role but remains Senior Managing Director, Corporate Controller.
Webster Financial approves new compensation for CFO Neal Holland, including $500K RSU
Restricted stock grant of $500,000 with 3-year time-based vesting under 2021 Stock Incentive Plan.
Webster Q3 2025 EPS $1.54 vs $1.10 YoY; record quarterly profit
Net income $254.1M, diluted EPS $1.54, up from $186.8M, $1.10 YoY.
Webster Financial issues $350M of 5.784% Fixed Rate Reset Subordinated Notes due 2035
Issued $350M aggregate principal of 5.784% Fixed Rate Reset Subordinated Notes due 2035.
Webster Financial CAO Albert J. Wang resigns; Gregory S. Madar named interim CAO
Albert J. Wang to resign as EVP and CAO effective Sept 3, 2025; will stay through Sept 2 to assist transition.
Webster Financial Q2 2025 EPS $1.52, net income $251.7M vs $1.03, $175.5M a year ago
Diluted EPS $1.52, net income $251.7M vs $1.03, $175.5M in Q2 2024.
Webster Financial names Jason Schugel CRO, adds Frederick Crawford to board
Jason Schugel appointed CRO and EVP effective July 14, succeeding retiring Daniel Bley.
Webster shareholders elect all 12 directors, approve say-on-pay and KPMG as auditor
All 12 director nominees elected with strong support; highest vote was 98.3% for E. Carol Hayles, lowest 95.1% for John R. Ciulla.
Webster Financial boosts share repurchase authorization by $700M
Board increased existing repurchase authority by $700 million; total remaining authorization not disclosed.
Webster Q1 2025 EPS $1.30 beats $1.23 YoY; loans and deposits grow
Diluted EPS $1.30 vs $1.23 YoY; net income $220.4M vs $210.1M.
Webster Q4 GAAP EPS $1.01 vs $1.05 YoY; adjusted EPS $1.43; loan growth 1.1% QoQ; NPLs rise to 0.88%
GAAP net income $173.6M ($1.01 diluted EPS) includes $56.9M securities loss and $29.4M DTA adjustment; adjusted EPS $1.43 vs $1.46 YoY.
Webster Q3 EPS $1.10 GAAP, $1.34 adjusted; net income down 15% YoY
Net income available to common $188.8M ($1.10 diluted) vs $222.3M ($1.28) in Q3 2023.
Webster Q2 2024 EPS $1.03 (down from $1.32); adj $1.26; loans up 0.9% QoQ
Net income available to common $177.5M, EPS $1.03; adjusted EPS $1.26 (excl $49.9M securities repositioning loss).
Webster Financial names Neal Holland as CFO successor, Bill Haas to board
Neal Holland to become CFO after Glenn MacInnes' retirement expected August 2024; Holland was CFO at First Republic Bank.
11 directors elected with over 137.8M votes for each; highest opposition was Richard O'Toole with 6.7M against.
Webster Q1 GAAP EPS $1.23, adjusted $1.35; revenue $667.1M; NIM 3.35%
Net income $212.2M ($1.23 diluted) vs $216.8M ($1.24) a year ago; adjusted EPS $1.35.
On July 15, 2024, Webster Financial Corporation (“ Webster ” or the “ Company ”) announced that the Board of Directors appointed William (Neal) Holland, as Executive Vice President, Finance, of the Company and Webster Bank, N.A. (the “ Bank ”), effective July 15, 2024.
effective upon the previously announced retirement of Glenn MacInnes from his position as Executive Vice President and Chief Financial Officer of the Company and the Bank, which is expected in August 2024.
On July 15, 2024, the Company also announced that William D. Haas was appointed to the Company’s Board of Directors, effective immediately.
The Board of Directors also appointed Mr. Holland as the Chief Financial Officer of the Company and the Bank, effective upon the previously announced retirement of Glenn MacInnes from his position as Executive Vice President and Chief Financial Officer of the Company and the Bank, which is expected in August 2024.
Max materiality 1.00 · Median 0.65 · Most common event earnings