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Webster Financial Corporation (WBS)

NYSE - NYSE Delayed Price. Currency in USD
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47.26-0.38 (-0.80%)
At close: 04:00PM EST
47.26 +0.01 (+0.02%)
After hours: 04:02PM EST

Webster Financial Corporation

200 Elm Street
Stamford, CT 06902
United States
203 578 2202
https://public.websteronline.com

Sector(s)Financial Services
IndustryBanks - Regional
Full Time Employees4,131

Key Executives

NameTitlePayExercisedYear Born
Mr. John R. CiullaChairman & CEO3.25MN/A1966
Mr. Luis R. MassianiPresident & COO1.79MN/A1977
Mr. Glenn I. MacInnesExecutive VP & CFO1.5MN/A1961
Mr. Christopher J. MotlSenior Executive VP & President of Commercial Banking1.75MN/A1971
Mr. Albert J. Wang CPAExecutive VP & Chief Accounting OfficerN/AN/A1975
Mr. Vikram NafdeChief Information OfficerN/AN/AN/A
Mr. Emlen Briggs Harmon C.F.A.Director of Investor RelationsN/AN/AN/A
Ms. Kristy Berner Esq.Executive VP, General Counsel & Corporate SecretaryN/AN/A1974
Ms. Alice FerreiraSenior MD of Corporate CommunicationsN/AN/AN/A
Mr. Javier L. EvansExecutive VP & Chief Human Resources OfficerN/AN/A1962
Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking. The Commercial Banking segment offers commercial real estate and equipment financing, business banking, asset-based lending, and commercial services; public sector finance; mortgage warehouse financing; sponsor and specialty financing services; credit, deposit, and cash flow management services; and wealth management solutions to business owners and operators, including trust, asset management, financial planning, insurance, retirement, and investment products, as well as treasury management services comprising derivative, treasury, accounts payable, accounts receivable, and trade products and services. This segment also provides commercial services, such as accounts receivable factoring and trade financing, payroll funding, and business process outsourcing. The HSA Bank segment offers health savings accounts, health reimbursement arrangements, flexible spending accounts, and commuter benefit services that are distributed directly to employers and individual consumers, as well as through national and regional insurance carriers, benefit consultants, and financial advisors. The Consumer Banking segment provides consumer deposit and fee-based services, residential mortgages, home equity lines, secured and unsecured loans, and credit cards to consumers; and small business banking products, such as credit, deposit, and cash flow management products to businesses and professional service firms. The company offers online and mobile banking services. Webster Financial Corporation was founded in 1935 and is headquartered in Stamford, Connecticut.

Corporate Governance

Webster Financial Corporation’s ISS Governance QualityScore as of March 1, 2024 is 3. The pillar scores are Audit: 5; Board: 4; Shareholder Rights: 3; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.