Webster Ranked Nationally by Bank Director as a Best Publicly Traded Bank with $50B-plus assets
STAMFORD, Conn., August 30, 2023--(BUSINESS WIRE)--Webster Bank today announced it has been ranked in the top 10 in Bank Director’s RankingBanking Survey of banks with $50B or more in assets and the only New England-based bank at that level.
The RankingBanking study scores the 300 largest publicly traded banks nationally based on year-end performance for 2022, using return on average equity, return on average assets, capital adequacy, asset quality and one-year total shareholder return. Banks are scored on each of the five metrics. The scores are merged into an overall score, which determines the ranking. The data is compiled by Piper Sandler & Co. using S&P Global Market Intelligence data.
"We are pleased to be recognized for our performance," said John Ciulla, President & CEO of Webster Financial Corporation. "We have a distinctive and high-performing bank with the scale and capabilities to support the changing financial needs and objectives of our commercial, business and individual clients. Our solid financial results are driven by our differentiated lines of business, unique funding sources and our dedicated colleagues and loyal clients and customers."
For more information about the rankings, read the full RankingBanking study here.
About Webster
Webster Bank ("Webster") is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and its HSA Bank division, one of the country’s largest providers of employee benefits solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with more than $70 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.
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Contacts
Media Contact:
Alice Ferreira, 203-578-2610
acferreira@websterbank.com
Investor Contact:
Emlen Harmon, 212-309-7646
eharmon@websterbank.com
