Revenue: As of FY2026 Q1, the actual value is USD 735.87 M.EPS: As of FY2026 Q1, the actual value is USD 1.5, missing the estimate of USD 1.5401.EBIT: As of FY2026 Q1, the actual value is USD -277.65 M.<h3>Overall Financial Performance</h3>Webster Financial Corporation’s total assets increased by $1.5 billion, or 1.8%, to $85.6 billion at March 31, 2026, compared to $84.1 billion at December 31, 2025. Total liabilities increased by $1.4 billion, or 1.9%, to $76.0 billion, while total stockholders’ equity increased by $0.1 billion, or 0.9%, to $9.6 billion over the same period. Net interest income increased by $22.2 million, or 3.6%, to $634.4 million for the three months ended March 31, 2026, compared to $612.2 million for the same period in 2025. Non-interest income also rose by $8.9 million, or 9.6%, to $101.5 million in Q1 2026 from $92.6 million in Q1 2025. Non-interest expense increased by $35.5 million, or 10.3%, to $379.1 million for Q1 2026 from $343.6 million in Q1 2025. The provision for credit losses decreased by $23.5 million, or 30.3%, to $54.0 million in Q1 2026 from $77.5 million in Q1 2025, primarily due to lower charge-offs and favorable risk rating migration trends, partially offset by loan growth. Net charge-offs as a percentage of average loans and leases (annualized) decreased to 0.29% in Q1 2026 from 0.42% in Q1 2025. The Allowance for Credit Losses (ACL) on loans and leases increased by $14.0 million, or 1.9%, to $733.4 million at March 31, 2026, from $719.4 million at December 31, 2025.<h4>Capital Ratios</h4>As of March 31, 2026, Webster Financial Corporation’s CET1 Risk-Based Capital ratio was 11.42%, Tier 1 Risk-Based Capital was 11.91%, Total Risk-Based Capital was 13.89%, and Tier 1 Leverage Ratio was 8.37%. Webster Bank’s capital ratios were 12.07% for CET1 Risk-Based Capital, 12.07% for Tier 1 Risk-Based Capital, 13.32% for Total Risk-Based Capital, and 8.49% for Tier 1 Leverage Ratio. Both the Company and the Bank were classified as “well-capitalized” at March 31, 2026, and December 31, 2025.<h4>Investment Securities</h4>Available-for-sale securities increased by $0.6 billion, or 5.7%, to $10.6 billion at March 31, 2026, from $10.0 billion at December 31, 2025. Held-to-maturity securities decreased by $0.2 billion, or 1.6%, to $7.8 billion at March 31, 2026, from $8.0 billion at December 31, 2025. Gross unrealized losses on available-for-sale securities increased to -$0.6 billion at March 31, 2026, from -$0.5 billion at December 31, 2025. Gross unrealized losses on held-to-maturity securities increased to -$0.9 billion at March 31, 2026, from -$0.8 billion at December 31, 2025.<h4>Liquidity and Funding</h4>Total deposits increased by $0.2 billion, primarily due to seasonal increases in interest-bearing checking and money markets, partially offset by a decrease in brokered certificates of deposit. Total borrowings increased by $1.3 billion to $5.6 billion at March 31, 2026, from $4.3 billion at December 31, 2025. The Bank’s loan to total deposit ratio was 82.9% at March 31, 2026.<h3>Commercial Banking Segment</h3><ul><li>Pre-tax, Pre-provision Net Revenue (PPNR): Decreased by $0.7 million, or 0.3%, to $240.8 million for Q1 2026 from $241.5 million for Q1 2025.</li><li>Net Interest Income: Increased by $7.9 million to $327.0 million for Q1 2026.</li><li>Non-Interest Income: Increased by $3.2 million to $32.2 million for Q1 2026.</li><li>Non-Interest Expense: Increased by $11.7 million to $118.3 million for Q1 2026.</li><li>Loans and Leases: Increased by $0.6 billion, or 1.4%, to $44.4 billion at March 31, 2026, from $43.8 billion at December 31, 2025.</li><li>Deposits: Increased by $0.6 billion, or 3.2%, to $17.8 billion at March 31, 2026, from $17.3 billion at December 31, 2025.</li><li>Assets under Administration/Management: Remained relatively flat at approximately $2.8 billion.</li><li>Total Portfolio Originations: $3.2 billion for Q1 2026, up $1.1 billion from $2.1 billion in Q1 2025.</li></ul><h3>Healthcare Financial Services Segment</h3><ul><li>Pre-tax, Pre-provision Net Revenue (PPNR): Increased by $2.5 million, or 3.5%, to $72.5 million for Q1 2026 from $70.0 million for Q1 2025.</li><li>Net Interest Income: Increased by $3.7 million to $100.0 million for Q1 2026.</li><li>Non-Interest Income: Increased by $4.8 million to $34.2 million for Q1 2026.</li><li>Non-Interest Expense: Increased by $6.0 million to $61.8 million for Q1 2026.</li><li>Deposits: Increased by $0.3 billion, or 3.0%, to $10.7 billion at March 31, 2026, from $10.4 billion at December 31, 2025.</li><li>Assets under Administration: Remained relatively flat at approximately $6.5 billion.</li></ul><h3>Consumer Banking Segment</h3><ul><li>Pre-tax, Pre-provision Net Revenue (PPNR): Decreased by $0.4 million, or 0.3%, to $105.2 million for Q1 2026 from $105.6 million for Q1 2025.</li><li>Net Interest Income: Increased by $6.2 million to $208.3 million for Q1 2026.</li><li>Non-Interest Income: Decreased by $3.0 million to $23.2 million for Q1 2026.</li><li>Non-Interest Expense: Increased by $3.6 million to $126.3 million for Q1 2026.</li><li>Loans: Remained relatively flat at approximately $12.8 billion.</li><li>Deposits: Decreased by $0.2 billion, or 0.8%, to $27.4 billion at March 31, 2026, from $27.7 billion at December 31, 2025.</li><li>Assets under Administration: Decreased by $0.6 billion, or 8.1%, to $7.4 billion.</li><li>Total Portfolio Originations: $0.5 billion for Q1 2026, down from $0.6 billion in Q1 2025.</li></ul><h3>Outlook and Strategy</h3>Webster Financial Corporation expects its transaction with Banco Santander to close in the second half of 2026, pending regulatory and stockholder approvals. The company continues to monitor economic forecasts, anticipated earnings, and its capital position for dividend determinations. The common stock repurchase program has been paused as of February 3, 2026, in accordance with the Transaction Agreement.

Webster Financial-Waterbury | 10-Q: FY2026 Q1 Revenue: USD 735.87 M