WEBSTER FINANCIAL CORPORATION WBS Income Statement

Webster financial corporation (WBS)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest and Dividend Income, Operating [Abstract]
Interest and fees on loans and leases
912,116	924,693	927,127	906,122	877,993	842,449	801,660	767,342	733,978	708,566	685,372	661,313	639,028	621,028	604,554	588,003	571,526	552,441	539,541	528,248	518,325	511,612	503,118	497,148	492,690	489,372	486,732	484,842	484,908	484,957	484,710	484,665	485,681	486,883	490,065	491,785	491,837	493,244	500,105	514,596	0	0	0
Taxable interest and dividends on investments
208,040	207,294	203,688	199,288	196,081	191,493	187,325	183,498	182,479	181,131	179,779	179,344	178,247	180,346	185,056	188,902	190,448	190,061	188,705	187,824	188,219	189,408	188,903	185,276	180,794	174,579	172,700	173,510	176,402	179,664	179,177	181,398	181,994	182,599	182,778	182,734	184,439	184,571	185,414	180,803	0	0	0
Non-taxable interest on investment securities
21,953	21,869	21,571	21,161	20,728	20,597	21,199	21,903	22,529	22,874	22,502	21,557	20,491	19,090	17,734	16,805	16,136	15,948	15,860	16,068	16,340	17,064	17,942	19,044	20,244	21,621	22,667	24,128	25,604	26,456	27,742	28,301	28,635	29,006	29,219	29,471	29,682	29,862	30,342	30,570	0	0	0
Loans held for sale
754	727	589	631	634	628	706	805	860	1,034	1,269	1,402	1,492	1,449	1,297	1,214	1,353	1,590	1,525	1,407	1,190	857	938	1,272	1,608	2,068	2,376	2,458	2,564	2,425	2,180	1,791	1,311	1,235	1,298	1,111	1,078	970	1,253	2,007	0	0	0
Total interest income
1,142,863	1,154,583	1,152,975	1,127,202	1,095,436	1,055,167	1,010,890	973,548	939,846	913,605	888,922	863,616	839,258	821,913	808,641	794,924	779,463	760,040	745,631	733,547	724,074	718,941	710,901	702,740	695,336	687,640	684,475	684,938	689,478	693,502	693,809	696,155	697,621	699,723	703,360	705,101	707,036	708,647	717,114	727,976	0	0	0
Interest Expense [Abstract]
Deposits
126,400	129,577	125,620	115,803	103,271	90,407	80,157	72,520	66,974	62,253	57,465	53,299	50,994	49,858	48,743	47,629	46,788	46,031	45,877	45,742	45,060	44,162	43,640	43,203	44,376	46,582	49,667	53,302	56,380	59,586	62,969	67,356	74,095	80,808	87,327	94,806	103,447	112,629	130,819	154,392	0	0	0
Securities sold under agreements to repurchase and other borrowings
18,931	17,953	15,996	12,509	12,603	13,491	14,117	14,880	14,465	14,365	14,499	14,099	13,895	14,528	15,149	15,840	16,647	16,861	17,225	17,674	18,570	19,388	20,152	20,848	20,950	20,800	21,168	21,479	21,655	21,034	19,837	18,627	17,044	16,172	15,451	15,115	15,459	15,900	0	0	0	-	-
Federal Home Loan Bank advances
30,483	31,399	32,491	33,266	33,965	33,461	31,214	30,423	30,108	30,320	30,059	30,144	29,279	29,033	28,276	27,246	25,284	22,858	20,956	19,210	17,883	16,909	15,982	15,532	15,537	16,229	16,309	16,499	16,918	16,943	17,084	16,692	15,561	14,352	13,982	15,113	16,565	17,628	0	0	0	-	-
Long-term debt
22,672	20,527	17,860	14,783	11,533	11,127	10,920	10,711	10,508	10,380	10,285	10,167	10,065	9,981	9,879	9,802	9,731	9,665	9,640	9,628	9,657	10,041	9,450	8,863	8,240	7,301	8,215	9,639	13,189	17,031	20,274	23,040	23,946	24,623	25,030	25,448	25,517	25,219	0	0	0	-	-
Borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total interest expense
198,486	199,456	191,967	176,361	161,372	148,486	136,408	128,534	122,055	117,318	112,308	107,709	104,233	103,400	102,047	100,517	98,450	95,415	93,698	92,254	91,170	90,500	89,224	88,446	89,103	90,912	95,359	100,919	108,142	114,594	120,164	125,715	130,646	135,955	141,790	150,482	160,988	171,376	191,982	218,290	0	0	0
Net interest income
944,377	955,127	961,008	950,841	934,064	906,681	874,482	845,014	817,791	796,287	776,614	755,907	735,025	718,513	706,594	694,407	681,013	664,625	651,933	641,293	632,904	628,441	621,677	614,294	606,233	596,728	589,116	584,019	581,336	578,908	573,645	570,440	566,975	563,768	561,570	554,619	546,048	537,271	525,132	509,686	0	0	0
Provision for credit losses
105,285	37,800	41,800	41,000	39,600	42,000	45,000	44,650	41,400	40,900	40,400	44,500	51,250	56,350	57,650	56,400	55,150	49,300	45,000	41,500	38,000	37,250	36,750	35,750	35,000	33,500	32,000	28,500	25,000	21,500	16,500	16,500	16,500	22,500	35,000	55,000	82,000	115,000	185,000	245,000	0	0	0
Net interest income after provision for credit losses
839,177	917,327	919,208	909,841	894,464	864,681	829,482	800,364	776,391	755,387	736,214	711,407	683,775	662,163	648,944	638,007	625,863	615,325	606,933	599,793	594,904	591,191	584,927	578,544	571,233	563,228	557,116	555,519	556,336	557,408	557,145	553,940	550,475	541,268	526,570	499,619	464,048	422,271	340,132	264,686	0	0	0
Noninterest Income [Abstract]
Deposit service fees
167,568	168,022	167,824	167,015	164,756	162,183	159,529	157,249	154,582	151,137	148,651	146,064	142,766	140,685	138,888	138,318	137,357	135,057	127,650	118,975	111,344	103,431	102,685	101,366	99,686	98,968	98,609	98,167	97,264	96,633	96,096	98,442	100,818	102,795	103,535	103,283	106,533	108,977	114,795	117,957	0	0	0
Loan and lease related fees
30,004	31,327	30,537	33,073	32,848	32,025	30,661	26,225	26,236	26,448	25,916	28,823	28,745	26,581	26,444	25,496	24,959	25,594	28,074	25,248	24,409	23,212	20,781	21,142	21,757	21,860	21,500	19,699	17,759	18,043	17,369	18,638	20,663	20,237	16,278	17,089	18,724	20,286	24,906	25,137	0	0	0
Wealth and investment services
34,020	32,932	32,561	32,477	32,624	32,843	32,893	32,231	31,652	31,055	29,870	29,713	29,040	28,962	30,044	30,212	31,792	32,486	32,951	33,952	33,997	34,946	36,419	35,752	35,843	34,771	32,640	31,731	30,060	29,515	27,415	26,715	26,920	26,421	27,314	27,048	25,812	24,925	24,433	24,294	0	0	0
Mortgage banking activities
8,244	6,115	4,569	3,741	4,044	4,424	5,583	6,699	8,815	9,937	11,338	13,239	13,641	14,635	13,611	10,730	9,494	7,795	6,496	6,860	4,856	4,070	5,868	4,728	10,103	16,359	22,099	27,949	25,685	23,037	15,616	10,425	8,035	4,905	6,033	6,367	5,560	4,169	3,353	5,128	0	0	0
Increase in cash surrender value of life insurance policies
14,608	14,612	14,635	14,633	14,626	14,614	14,605	14,619	14,624	14,627	14,642	14,665	14,681	14,759	14,443	13,988	13,521	13,020	12,915	12,973	13,072	13,178	13,322	13,492	13,644	13,770	13,844	13,008	12,121	11,254	10,367	10,329	10,344	10,360	10,401	10,436	10,472	10,517	10,559	10,547	0	0	0
Gain on Sale of Investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on the sale of investment securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	400	494	494	886	609	1,650	1,692	1,206	5,499	4,382	4,609	4,942	712	708	1,249	3,453	3,347	3,347	2,537	1,647	3,823	3,862	4,889	7,606	9,748	4,981	-9,639	0	0	0
Impairment loss on securities recognized in earnings
-	-	-	-	-	-	-	-	-	-	0	0	-	149	177	259	259	110	981	984	1,057	1,145	7,523	7,438	7,365	7,277	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on exchange of trust preferreds for common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net loss on trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,799	-594	7,990	0	-	0	0	-	-	-
Total other-than-temporary impairment loss on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,445	18,127	39,923	0	0	0
Less: Portion of loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,607	10,999	0	0	0	-
Net impairment loss recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,838	7,128	33,268	0	0	0
Other income
-	-	-	-	-	36,479	32,173	31,983	29,400	26,400	33,765	32,244	36,179	38,591	29,464	29,112	24,511	23,326	23,447	23,103	22,343	18,917	16,663	14,294	13,990	11,887	10,326	10,145	10,708	10,929	11,854	11,190	8,685	10,300	8,337	8,990	15,330	16,396	18,274	18,996	0	0	0
Other income
0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-interest income
290,081	285,315	287,559	289,912	282,433	282,568	275,444	269,006	265,183	259,478	264,056	264,622	265,146	264,478	253,211	248,091	242,261	237,777	232,202	221,819	210,170	202,108	192,597	187,945	192,600	191,050	199,726	201,948	197,050	192,758	182,064	178,276	177,112	177,042	176,217	178,794	198,125	201,225	203,962	192,072	0	0	0
Noninterest Expense [Abstract]
Compensation and benefits
399,504	395,402	391,974	389,991	384,516	381,496	378,674	370,429	363,771	356,505	344,197	338,950	332,787	325,998	323,321	313,551	307,363	297,517	289,505	282,976	274,644	270,151	267,086	265,099	265,156	264,835	262,449	263,713	261,532	264,101	266,419	262,190	264,195	262,647	258,487	256,723	251,458	245,343	241,188	240,244	0	0	0
Occupancy
56,970	57,181	56,776	57,191	59,014	59,463	59,022	59,264	59,456	60,490	63,152	63,412	62,220	61,110	56,488	53,471	50,309	48,836	48,781	48,351	48,162	47,325	47,891	48,328	48,674	48,794	48,919	49,387	50,128	50,131	51,047	51,735	52,013	53,866	54,612	55,239	55,929	55,634	55,335	55,152	0	0	0
Technology and equipment
107,423	105,283	102,502	100,875	99,712	97,877	95,837	93,864	91,718	89,464	87,461	84,634	81,552	79,882	78,898	80,564	81,503	80,813	76,809	70,809	66,231	61,993	60,749	60,225	59,983	60,326	61,232	61,455	61,981	62,210	61,775	61,798	60,911	60,721	61,711	62,456	62,979	62,855	62,010	61,412	0	0	0
Intangible assets amortization
3,847	3,847	3,847	3,847	3,847	3,847	3,862	3,903	3,969	4,062	4,167	4,658	5,153	5,652	6,158	6,286	6,606	6,340	5,168	3,979	2,805	2,685	3,462	4,272	4,845	4,919	4,968	5,110	5,265	5,420	5,575	5,588	5,588	5,588	5,588	5,588	5,588	5,588	5,612	5,665	0	0	0
Marketing
16,460	16,286	16,674	15,968	16,614	16,838	15,813	15,806	15,532	17,421	19,589	20,166	20,220	19,703	17,748	17,225	16,801	16,053	16,438	16,371	16,375	15,379	14,686	14,303	13,871	15,502	15,381	16,261	17,538	16,827	18,263	17,878	17,036	18,456	18,233	18,723	19,697	18,968	18,453	17,015	0	0	0
Professional and outside services
20,995	21,380	22,907	22,813	21,560	20,300	19,144	18,244	17,370	16,858	15,254	16,019	16,266	14,801	14,292	12,393	11,514	11,156	10,079	9,653	8,047	8,296	10,042	9,826	10,084	9,532	8,410	8,946	10,806	11,348	11,704	12,039	11,465	11,203	12,883	13,796	14,549	14,721	13,834	13,190	0	0	0
Deposit insurance
18,249	17,954	17,943	23,228	32,462	34,749	36,046	32,696	25,634	25,649	26,111	25,944	25,952	26,006	25,838	25,728	24,587	24,042	23,656	23,527	23,600	22,670	21,930	21,292	21,251	21,114	21,640	22,015	22,214	22,749	21,863	20,660	20,855	20,927	21,578	22,988	24,231	24,535	25,070	25,147	0	0	0
Litigation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,523	3,032	22,962	0	-	0	0	-	-	-
Other expense
95,652	98,617	98,356	95,955	91,962	91,046	93,508	90,740	91,456	90,626	91,966	92,388	90,380	90,039	82,354	79,719	75,013	70,584	71,292	70,623	71,363	73,101	71,879	72,163	72,773	72,687	71,346	69,064	70,062	69,018	78,560	82,903	87,416	87,091	79,042	80,070	77,276	88,854	94,120	100,953	0	0	0
Total non-interest expense
719,100	715,950	710,979	709,868	709,687	705,616	701,906	684,946	668,906	661,075	651,897	646,171	634,530	623,191	605,097	588,937	573,696	555,341	541,728	526,289	511,227	501,600	497,725	495,508	496,637	497,709	494,345	495,951	499,526	501,804	505,451	504,782	509,664	510,976	512,366	518,869	534,475	538,974	538,098	538,454	0	0	0
Income before income tax expense
410,158	486,692	495,788	489,885	467,210	441,633	403,020	384,424	372,668	353,790	348,373	329,858	314,391	303,450	297,058	297,161	294,428	297,761	297,407	295,323	293,847	291,699	279,799	270,981	267,196	256,569	262,497	261,516	253,860	248,362	233,758	227,434	217,923	207,334	190,421	159,544	127,698	84,522	5,996	-81,696	0	0	0
Income tax expense
88,972	103,969	104,700	92,989	87,281	81,215	71,547	88,128	96,475	98,351	105,167	99,331	94,840	96,323	95,997	96,547	92,374	93,032	93,266	92,095	94,828	91,973	87,418	81,752	79,428	77,113	78,176	79,507	76,984	74,665	68,203	64,641	62,186	57,951	51,008	39,678	24,371	12,358	-16,512	-49,645	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	149,383	139,413	119,866	103,327	72,164	22,508	-32,051	0	0	0
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,995	0	0	0	-	-	-	-	-	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	151,378	141,502	121,955	105,416	72,258	22,508	-31,738	0	0	0
Less: Net loss attributable to non controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-4	3	0	-	0	0	-	0	-
Net income
321,186	382,723	391,088	396,896	379,929	360,418	331,473	296,296	276,193	255,439	243,206	230,527	219,551	207,127	201,061	200,614	202,054	204,729	204,141	203,228	199,019	199,726	192,381	189,229	187,768	179,456	184,321	182,009	176,876	173,697	165,555	162,793	155,737	151,379	141,504	121,960	105,414	72,255	22,496	-31,753	0	0	0
Preferred stock dividends and other
9,729	9,738	9,233	9,023	8,760	8,715	8,863	8,720	8,621	8,608	8,483	8,596	8,707	8,704	8,679	8,690	8,709	9,368	10,516	10,961	11,376	11,230	11,173	11,173	11,173	11,420	8,779	6,755	4,731	2,460	2,638	2,854	3,070	3,286	5,962	9,712	13,462	18,086	21,467	-31,475	0	0	0
Accretion of preferred stock discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,830	0	0	0	-	-
Net Income (Loss) Available to Common Stockholders, Basic, Total
311,457	372,985	381,855	387,873	371,169	351,703	322,610	287,576	267,572	246,831	234,723	221,931	210,844	198,423	192,382	191,924	193,345	195,361	193,625	192,267	187,643	188,496	181,208	178,056	176,595	168,036	175,542	175,254	172,145	171,237	162,917	159,939	152,667	148,093	131,401	107,780	87,157	47,339	-1,660	-2,640	0	0	0
Earnings Per Share, Basic and Diluted [Abstract]
Net income from continuing operations per common share, Basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.51	0.46	-	0.45	0.48	0.38	0.36	0.29	0.23	0.16	-0.08	-0.39	0.30
Basic
0.40	0.96	1.00	1.05	1.06	1.05	1.06	0.87	0.85	0.73	0.68	0.65	0.62	0.61	0.54	0.53	0.49	0.54	0.54	0.55	0.52	0.54	0.53	0.50	0.53	0.45	0.50	0.49	0.46	-	-	-	0.44	0.45	0.48	0.38	0.38	0.29	0.23	0.16	-0.08	-0.39	0.31
Net income from continuing operations per common share, Diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.48	0.44	-	0.44	0.45	0.36	0.34	0.28	0.22	0.15	-0.08	-0.39	-0.66
Diluted
0.39	0.95	1.00	1.05	1.06	1.04	1.06	0.86	0.85	0.74	0.67	0.64	0.62	0.60	0.54	0.53	0.49	0.53	0.53	0.55	0.52	0.52	0.53	0.50	0.53	0.45	0.49	0.48	0.44	-	-	-	0.42	0.44	0.45	0.36	0.36	0.28	0.22	0.15	-0.08	-0.39	-0.65
Provision for credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-