WBS FY 2024 Earnings Report — Webster Financial Corporation Revenue & Financial Results | Market Cap Arena

Webster Financial CorporationWBS

FY 2024 Earnings

Reported March 3, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$4.2B	—	$3.9B	—	5.7%
Op. Income	$1.0B	—	$1.1B	—	-6.2%
Gross Margin	56.5%	—	63.4%	—	-6.9pp
Net Margin	18.4%	—	22.0%	—	-3.6pp
EPS (Diluted)	$4.37	—	$4.91	—	-11.0%
Free Cash Flow	$1.4B	—	$938M	—	45.8%

Revenue Flow

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$1.8B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$19M
General & Administrative	$821M
SG&A Expenses	$840M
Other Expenses	$499M
Operating Expenses	$1.3B
Cost & Expenses	$3.2B
OPERATING INCOME	$1.0B
Interest Income	$3.9B
Interest Expense	$1.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$248M
Net Income from Continuing Ops	$769M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$769M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$744M
D&A	$72M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$1.8B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$19M
General & Administrative	$821M
SG&A Expenses	$840M
Other Expenses	$499M
Operating Expenses	$1.3B
Cost & Expenses	$3.2B
OPERATING INCOME	$1.0B
Interest Income	$3.9B
Interest Expense	$1.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$248M
Net Income from Continuing Ops	$769M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$769M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$744M
D&A	$72M
EBIT	$1.0B
EBITDA	$1.1B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$769M
Depreciation & Amortization	$72M
Stock-Based Compensation	$55M
Deferred Income Tax	$18M
Other Non-Cash Items	$307M
Change in Working Capital	$184M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$36M
Acquisitions (Net)	-$359M
Purchases of Investments	-$5.1B
Sales/Maturities of Investments	$3.5B
Other Investing Activities	-$1.8B
NET CASH FROM INVESTING	-$3.9B
Net Debt Issuance	-$382M
Common Stock Repurchased	-$65M
Common Dividends Paid	-$275M
Other Financing Activities	$3.6B
NET CASH FROM FINANCING	$2.8B
FREE CASH FLOW	$1.4B
Net Change in Cash	$359M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$6M
Net Receivables	$1.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$407M
Goodwill	$2.9B
Intangible Assets	$334M
Long-Term Investments	$68.1B
Tax Assets	$317M
Other Non-Current Assets	$3.7B
TOTAL NON-CURRENT ASSETS	$75.7B
TOTAL ASSETS	$79.0B
Account Payables	$0
Short-Term Debt	$2.4B
Deferred Revenue	$0
Other Current Liabilities	$64.8B
TOTAL CURRENT LIABILITIES	$67.2B
Long-Term Debt	$919M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$69.9B
Common Stock	$2M
Additional Paid-In Capital	$6.2B
Retained Earnings	$3.8B
Treasury Stock	-$537M
Accum. Other Comp. Income	-$556M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.1B
Minority Interest	$0
TOTAL EQUITY	$9.1B
TOTAL LIABILITIES & EQUITY	$79.0B
Total Debt	$3.4B
Net Debt	$1.3B