Webster financial corporation (WBS)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net income

382,723

360,418

255,439

207,127

204,729

199,726

179,456

173,697

151,378

72,258

-76,887

-320,963

Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

1,995

94

302

-3,073

Income from continuing operations

-

-

-

-

-

-

-

-

149,383

72,164

-77,189

-317,890

Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Provision for credit losses

37,800

42,000

40,900

56,350

49,300

37,250

33,500

21,500

22,500

115,000

303,000

186,300

Deferred Income Tax Expense (Benefit)

900

9,472

-9,074

17,700

-15,513

-5,154

11,499

20,992

28,975

12,371

13,928

-89,914

Depreciation, Amortization and Accretion, Net

37,507

38,750

37,172

36,449

34,678

30,585

36,019

39,504

83,154

92,644

67,841

56,945

Accretion (Amortization) of Discounts and Premiums, Investments

-49,731

-50,984

-45,444

-57,331

-54,555

-50,758

-61,395

-69,035

-

-

-

-

Gain on sale of branch

-

-

-

-

-

-

-

-

-

-

155

-

Gain on sale of subsidiary stock

-

-

-

-

-

-

-

-

-

-

125

-

Gain on early extinguishment of subordinated notes

-

-

-

-

-

-

-

-

-

-

5,993

-

Gain on exchange of trust preferred securities for common stock

-

-

-

-

-

-

-

-

-

-

24,336

-

Warrants-fair value adjustment

-

-

-

-

-

-

-

-

-

-

3,552

-

Share-based Payment Arrangement, Noncash Expense

12,626

11,612

12,276

11,438

10,935

10,223

10,664

8,955

6,040

6,740

7,502

7,777

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

392

92

-

1

Gains (Losses) on Sales of Other Real Estate

729

709

784

976

311

1,297

1,295

2,344

-5,954

-5,158

-11,100

4,961

Write-down of premises and equipment

-

-

-

-

-

-

-

-

-

3,007

2,222

-

Gain (Loss) on Disposition of Property Plant Equipment

-1,340

-346

15

-397

244

292

-1,287

-745

-3,071

0

-

-

Impairment loss on securities recognized in earnings

0

0

126

-

-

-

-

-

-

-

-

-

Gain on the sale of investment securities, net

29

0

0

-

-

-

-

-

-

-

-

-

Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net

-

-

-

149

110

1,145

7,277

0

0

-

-

-

(Gain) loss on alternative investments

-

-

-

-

-

-

-

-720

-

-

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

198,379

Loss on write-down of investments to fair value

-

-

-

-

-

-

-

-

-

5,838

28,477

219,277

Loss on fair value adjustment of alternative investments

-

-

-

-

-

-

-

-

1,605

402

-1,352

-2,295

Loss on fair value adjustment of futures contracts derivatives

-

-

-

-

-

-

-

-48

-1,815

-2,462

-

0

Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments

-

-

-

414

609

5,499

712

3,347

3,823

9,748

-13,810

-6,094

Life Insurance, Corporate or Bank Owned, Change in Value

14,612

14,614

14,627

14,759

13,020

13,178

13,770

-

-

10,517

10,629

10,441

Net decrease in trading securities

-

-

-

-

-

-

-

-

-11,554

11,554

-77

-2,508

Bank Owned Life Insurance Income

4,933

2,553

0

0

-

2,229

-

11,254

10,360

-

-

-

Gain from life insurance policies

-

-

-

-

-

-

-

0

798

1,986

1,106

-

Gain (Loss) on Sales of Loans, Net

6,115

4,424

9,937

14,635

7,795

4,070

16,359

23,037

4,905

-

-

-

Proceeds from Sale of Loans Held-for-sale

216,239

188,025

333,027

438,925

452,590

287,132

773,887

750,470

315,068

-

-

-

Payments for Origination of Mortgage Loans Held-for-sale

240,305

171,883

287,634

452,886

449,048

296,996

687,090

759,355

295,519

-

-

-

Net change in right-of-use lease assets

-2,479

0

0

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Derivative Assets and Liabilities

123,752

4,615

-32,763

-27,929

6,489

49,158

-

-

-

-

-

-

Gain on sale of banking center deposits

0

4,596

0

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Continuing Operations

-

-

-

0

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Other Assets

-

-

-

7,331

0

0

1,070

-

-

-

-

-

Increase (Decrease) in Other Operating Assets

23,790

739

19,790

-54,269

44,554

2,552

-84,077

8,659

26,824

-71,452

174,422

-17,728

Net increase in loans held for sale

-

-

-

-

-

-

-

-

-

39,696

4,104

-216,096

Increase (Decrease) in Other Accounts Payable and Accrued Liabilities

-23,257

-28,066

29,680

-18,918

33,478

6,601

-14,812

-20,588

-17,158

24,113

-33,609

-14,061

Net Cash Provided by (Used in) Operating Activities, Total

303,850

469,408

444,966

398,145

302,792

242,995

463,953

257,082

266,130

336,954

114,089

486,053

Net Cash Provided by (Used in) Investing Activities [Abstract]
Increase (Decrease) in Time Deposits

-

-

-

126,446

-

-

-

-

-

-

-

-

Payments to Acquire Debt Securities, Available-for-sale

549,541

873,108

660,106

980,870

903,240

217,920

952,995

1,204,079

1,305,583

1,297,512

1,597,782

917,822

Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale

556,283

538,747

984,732

672,965

558,301

416,821

741,467

854,747

545,933

608,710

305,168

36,071

Proceeds from sales of available-for-sale securities

70,100

0

0

259,300

123,270

98,402

57,804

148,222

278,757

416,474

433,248

18,481

Payments to Acquire Held-to-maturity Securities

1,571,604

393,693

1,043,278

1,066,156

761,033

1,113,958

989,397

946,996

493,618

1,019,398

425,048

154,595

Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities

573,703

524,862

687,439

795,953

681,124

575,009

717,601

796,481

579,931

594,088

487,379

205,318

Payments for (Proceeds from) Federal Home Loan Bank Stock

-240

-2,280

-43,080

6,299

-4,943

34,412

3,248

11,756

0

-3,000

6,000

23,912

Payments for (Proceeds from) Other Investing Activities

6,065

1,215

-873

381

-458

115

-

-

-

-

-

-

Payments for (Proceeds from) Other Loans and Leases

1,642,501

990,014

549,213

1,440,141

1,813,811

1,269,290

741,818

915,572

338,037

173,635

-614,364

379,628

Proceeds of Other Loans and Leases Held-for-investment

20,931

1,687

14,679

34,170

33,644

0

12,771

-

-

-

-

-

Purchase of life insurance policies

-

-

-

-

50,000

0

0

100,000

0

0

-

-

Proceeds from Life Insurance Policy

12,866

4,271

746

0

3,912

2,178

1,768

0

2,268

3,840

2,056

-

Sale of branch deposits

-

-

-

-

-

-

-

-

-

-

-8,107

-

Proceeds from the sale of subsidiary

-

-

-

-

-

-

-

-

-

-

96,348

-

Proceeds from Sale of Foreclosed Assets

11,562

8,011

7,603

9,205

10,511

8,995

7,745

11,469

26,877

33,097

32,283

16,319

Proceeds from the sale of premises and equipment

0

567

3,357

1,550

650

3,565

1,304

1,381

3,881

675

-

-

Payments to Acquire Property, Plant, and Equipment

25,717

32,958

28,546

40,731

36,115

30,039

21,886

21,983

28,867

18,679

31,729

33,734

Net (increase) decrease in interest-bearing deposits

0

-107,361

0

0

-23,212

-109,021

31,761

-2,143

-43,251

337,499

-368,156

-17,042

Proceeds from redemption of other assets

0

0

7,581

-

-

-

-

-

-

-

-

-

Proceeds from Sale of Other Assets

-

-

-

0

0

-

-

-

-

-

-

-

Acquisition of business, net cash acquired

-

-

-

-

1,396,414

0

0

-

-

-

-

-

Net Cash Provided by (Used in) Investing Activities, Total

-2,549,756

-1,317,924

-531,053

-1,635,006

-774,184

-1,669,785

-1,137,123

-1,390,229

-771,709

-517,841

-465,976

-1,250,544

Net Cash Provided by (Used in) Financing Activities [Abstract]
Increase (Decrease) in Deposits

1,465,377

979,519

1,690,197

1,351,609

853,921

797,244

323,348

874,947

47,240

-23,342

1,758,668

-469,268

Proceeds from Other Debt

-

-

-

5,000

0

0

-

-

-

-

-

-

Proceeds from FHLBank Borrowings, Financing Activities

9,200,000

8,960,000

12,255,000

19,630,000

13,505,000

10,372,226

4,928,120

6,919,849

1,678,934

1,827,000

9,552,286

113,427,552

Payments of FHLBank Borrowings, Financing Activities

9,078,332

8,810,297

13,420,791

19,451,219

13,700,279

9,565,192

4,703,287

6,344,126

1,193,520

1,602,429

10,339,796

113,140,513

Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net

458,557

-61,395

-306,257

-201,874

-99,356

-80,906

255,502

-88,546

73,229

235,833

-712,206

334,222

Issuance of long-term debt

300,000

0

0

-

-

150,000

0

0

-

-

-

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

400,000

-

-617,595

Repayment of long-term debt

-

-

-

-

-

150,000

102,579

210,971

22,689

0

15,927

-

Payments of Debt Issuance Costs

3,642

0

0

-

-

1,349

0

0

-

-

-

-

Redemption of Series E preferred stock

0

0

122,710

0

0

-

-

-

-

-

-

-

Issuance of Series F preferred stock

0

0

145,056

0

0

-

-

-

-

-

-

-

Issuance of preferred stock

-

-

-

-

-

-

-

122,710

0

0

-

-

Redemption of subsidiary preferred stock

-

-

-

-

-

-

-

-

9,577

0

60,935

-

Payments of Ordinary Dividends, Common Stock

140,783

114,959

94,630

89,522

80,964

67,431

48,952

30,667

13,978

3,133

2,443

63,063

Cash dividends paid to preferred shareholders of consolidated subsidiary

-

-

-

-

-

-

-

-

826

863

863

863

Payments of Ordinary Dividends, Preferred Stock and Preference Stock

7,875

7,875

8,096

8,096

8,711

10,556

10,803

2,460

2,460

17,223

31,670

9,775

Proceeds from Stock Options Exercised

619

2,173

8,259

11,762

3,060

2,221

2,736

996

213

378

21

532

Excess Tax Benefit from Share-based Compensation, Financing Activities

-

-

-

3,204

2,338

1,161

389

812

392

92

-

1

Warburg investment

-

-

-

-

-

-

-

-

-

36,440

116,187

-

Common Stock Issued

-

-

-

-

-

435

731

560

689

118,359

1,031

-

Payments for Repurchase of Common Stock

13,003

12,158

11,585

11,206

12,564

10,741

0

50,000

1,670

1,654

792

644

Payments for Repurchase of Equity, Share-based Compensation

6,616

13,779

11,694

11,664

5,251

-

-

-

-

-

-

-

Shares acquired related to employee share-based compensation plans

-

-

-

-

-

2,326

672

3,243

-

-

-

-

Common stock warrants repurchased

-

-

-

163

23

3

30

388

16,285

0

-

-

Net Cash Provided by (Used in) Financing Activities, Total

2,174,302

921,229

122,749

1,227,831

457,171

1,434,783

644,503

1,189,473

539,692

169,458

263,561

695,776

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total

-71,604

72,713

36,662

-

-

-

-

-

-

-

-

-

Cash Flows from Discontinued Operations:
Operating activities

-

-

-

-

-

-

-

-

1,995

94

302

-2,651

Proceeds from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

23,920

Net cash provided by discontinued operations

-

-

-

-

-

-

-

-

1,995

94

302

21,269

Net decrease in cash and due from banks

-

-

-

-9,030

-14,221

7,993

-28,667

56,326

36,108

-11,335

-88,024

-47,446

Supplemental Cash Flow Information [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activities

197,200

144,726

114,046

102,438

95,428

89,942

88,388

116,412

142,984

173,182

258,757

365,556

Income Taxes Paid

110,057

60,925

109,059

80,143

106,991

102,973

62,926

56,491

32,912

20,577

5,960

24,173

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Real Estate Owned, Transfer to Real Estate Owned

10,440

8,105

8,972

6,769

8,714

5,532

11,750

7,539

9,568

37,498

41,748

43,735

Transfer of Portfolio Loans and Leases to Held-for-sale

16,609

5,443

7,234

39,383

585

0

106

22,670

0

0

-

19,052

Deposits assumed in business acquisition

-

-

-

-

1,446,899

0

0

-

-

-

-

-

Preferred stock conversion

-

-

-

-

28,939

0

0

-

-

-

-

-

Gain on early extinguishment of fair value hedge of subordinated debt

-

-

-

-

-

-

-

-

-

-

1,489

-

Mortgage loans securitized and transferred to mortgage-backed securities -government sponsored enterprises ("GSE") held-to-maturity

-

-

-

-

-

-

-

-

-

-

203,030

466,550

Issuance of loan to finance sale of subsidiary

-

-

-

-

-

-

-

-

-

-

18,000

-

Transfer of loans-held-for-sale to loan portfolio

-

-

-

-

-

-

-

-

-

-

16,100

-