Webster Financial (WBS) Revenue & Revenue Breakdown
Webster Financial Revenue Highlights
Latest Revenue (Y)
$3.94B
Latest Revenue (Q)
$1.02B
Main Segment (Y)
Deposit Service Fees
Webster Financial Revenue by Period
Webster Financial Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $3.94B | 59.46% |
| 2022-12-31 | $2.47B | 102.12% |
| 2021-12-31 | $1.22B | 4.12% |
| 2020-12-31 | $1.17B | -5.06% |
| 2019-12-31 | $1.24B | 4.34% |
| 2018-12-31 | $1.19B | 12.67% |
| 2017-12-31 | $1.05B | 7.42% |
| 2016-12-31 | $979.99M | 8.77% |
| 2015-12-31 | $901.00M | 8.94% |
| 2014-12-31 | $827.04M | 5.82% |
| 2013-12-31 | $781.56M | 2.35% |
| 2012-12-31 | $763.61M | 3.08% |
| 2011-12-31 | $740.81M | -0.12% |
| 2010-12-31 | $741.67M | 9.75% |
| 2009-12-31 | $675.75M | 40.26% |
| 2008-12-31 | $481.77M | -32.53% |
| 2007-12-31 | $714.07M | -1.90% |
| 2006-12-31 | $727.90M | -1.40% |
| 2005-12-31 | $738.23M | 7.32% |
| 2004-12-31 | $687.87M | 6.48% |
| 2003-12-31 | $646.00M | 9.25% |
| 2002-12-31 | $591.30M | 11.66% |
| 2001-12-31 | $529.58M | 16.30% |
| 2000-12-31 | $455.34M | 14.94% |
| 1999-12-31 | $396.14M | 23.95% |
| 1998-12-31 | $319.60M | 40.24% |
| 1997-12-31 | $227.90M | 61.29% |
| 1996-12-31 | $141.30M | 29.28% |
| 1995-12-31 | $109.30M | 13.74% |
| 1994-12-31 | $96.10M | 32.73% |
| 1993-12-31 | $72.40M | - |
Webster Financial generated $3.94B in revenue during NA 2023, up 59.46% compared to the previous quarter, and up 332.43% compared to the same period a year ago.
Webster Financial Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $1.02B | -2.87% |
| 2024-03-31 | $1.05B | 5.18% |
| 2023-12-31 | $996.96M | 47.28% |
| 2023-09-30 | $676.94M | 0.64% |
| 2023-06-30 | $672.63M | 1.08% |
| 2023-03-31 | $665.44M | -5.47% |
| 2022-12-31 | $703.95M | 1414.19% |
| 2022-09-30 | $46.49M | -92.34% |
| 2022-06-30 | $606.86M | 132.49% |
| 2022-03-31 | $261.03M | -17.57% |
| 2021-12-31 | $316.68M | 1.09% |
| 2021-09-30 | $313.26M | 6.83% |
| 2021-06-30 | $293.23M | -2.30% |
| 2021-03-31 | $300.13M | 2.28% |
| 2020-12-31 | $293.43M | -0.09% |
| 2020-09-30 | $293.70M | 3.38% |
| 2020-06-30 | $284.09M | -6.45% |
| 2020-03-31 | $303.69M | 0.66% |
| 2019-12-31 | $301.69M | -2.52% |
| 2019-09-30 | $309.48M | -2.31% |
| 2019-06-30 | $316.81M | 2.36% |
| 2019-03-31 | $309.50M | 0.12% |
| 2018-12-31 | $309.14M | 2.37% |
| 2018-09-30 | $301.98M | 3.23% |
| 2018-06-30 | $292.54M | 3.61% |
| 2018-03-31 | $282.34M | 4.54% |
| 2017-12-31 | $270.08M | 1.57% |
| 2017-09-30 | $265.91M | 1.65% |
| 2017-06-30 | $261.58M | 2.54% |
| 2017-03-31 | $255.10M | -0.16% |
| 2016-12-31 | $255.50M | 4.08% |
| 2016-09-30 | $245.48M | 1.67% |
| 2016-06-30 | $241.45M | 0.94% |
| 2016-03-31 | $239.21M | 2.36% |
| 2015-12-31 | $233.69M | 1.84% |
| 2015-09-30 | $229.47M | 2.73% |
| 2015-06-30 | $223.36M | 2.62% |
| 2015-03-31 | $217.65M | 1.51% |
| 2014-12-31 | $214.42M | 2.95% |
| 2014-09-30 | $208.28M | 2.74% |
| 2014-06-30 | $202.72M | -1.18% |
| 2014-03-31 | $205.13M | 3.52% |
| 2013-12-31 | $198.15M | 0.97% |
| 2013-09-30 | $196.24M | -1.54% |
| 2013-06-30 | $199.31M | 2.70% |
| 2013-03-31 | $194.07M | -2.58% |
| 2012-12-31 | $199.21M | 3.02% |
| 2012-09-30 | $193.37M | 0.85% |
| 2012-06-30 | $191.73M | 2.34% |
| 2012-03-31 | $187.35M | 2.19% |
| 2011-12-31 | $183.34M | -1.74% |
| 2011-09-30 | $186.59M | -0.29% |
| 2011-06-30 | $187.13M | 1.84% |
| 2011-03-31 | $183.75M | -4.89% |
| 2010-12-31 | $193.19M | 6.28% |
| 2010-09-30 | $181.77M | -8.68% |
| 2010-06-30 | $199.05M | 9.32% |
| 2010-03-31 | $182.08M | 21.76% |
| 2009-12-31 | $149.54M | -13.12% |
| 2009-09-30 | $172.12M | -5.31% |
| 2009-06-30 | $181.78M | 9.29% |
| 2009-03-31 | $166.32M | -435.90% |
| 2008-12-31 | $-49.52M | -127.75% |
| 2008-09-30 | $178.44M | 2.05% |
| 2008-06-30 | $174.86M | 1.25% |
| 2008-03-31 | $172.70M | 17.54% |
| 2007-12-31 | $146.94M | - |
Webster Financial generated $1.02B in revenue during Q2 2024, up -2.87% compared to the previous quarter, and up 153.07% compared to the same period a year ago.
Webster Financial Revenue Breakdown
Webster Financial Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 18 |
|---|---|---|---|---|
| Loans and Lease Related Fees | $17.63M | $21.50M | - | - |
| Deposit Service Fees | $169.32M | $198.47M | $162.71M | $162.18M |
| Other Non Interest Income | $17.45M | $8.43M | $10.11M | $5.65M |
| Investment Advisory, Management and Administrative Service | $29.00M | $40.28M | $39.59M | $32.84M |
Webster Financial's latest annual revenue breakdown by segment (product or service), as of Dec 23: Deposit Service Fees (72.54%), Investment Advisory, Management and Administrative Service (12.42%), Loans and Lease Related Fees (7.55%), and Other Non Interest Income (7.48%).
Quarterly Revenue by Product
| Product/Service | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Sep 20 | Jun 20 | Mar 20 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Non Interest Income | $3.97M | $5.86M | $4.36M | $3.27M | $2.08M | $2.25M | $1.89M | $2.21M | $2.42M | $2.50M | $2.65M | $2.54M | $4.09M | $2.10M | $1.86M | $1.91M | $1.98M | $1.55M | $1.56M | $1.22M |
| Investment Advisory, Management and Administrative Service | $7.77M | $7.25M | $7.39M | $6.59M | $7.02M | $11.42M | $11.24M | $10.60M | $10.11M | $9.98M | $10.09M | $9.40M | $8.26M | $7.10M | $8.74M | $8.50M | $8.31M | $7.65M | $8.11M | $8.41M |
| Deposit Service Fees | $37.46M | $41.01M | $45.42M | $45.44M | $48.45M | $50.81M | $51.38M | $47.83M | $40.54M | $40.26M | $41.44M | $40.47M | $39.28M | $35.84M | $42.57M | $41.41M | $43.12M | $43.02M | $40.27M | $40.60M |
| Loans and Lease Related Fees | $4.61M | $4.27M | $4.32M | $4.43M | $5.30M | $5.62M | $6.08M | $4.50M | - | - | - | - | - | - | - | - | - | - | - | - |
| Non-Interest Income Within the Scope of Other GAAP Topics | - | $31.99M | $27.89M | $11.05M | $43.54M | $50.34M | $38.90M | $31.04M | $18.52M | $24.35M | $23.43M | $15.03M | $20.21M | - | - | - | - | - | - | - |
Webster Financial's latest quarterly revenue breakdown by segment (product or service), as of Dec 23: Deposit Service Fees (69.62%), Investment Advisory, Management and Administrative Service (14.43%), Loans and Lease Related Fees (8.57%), and Other Non Interest Income (7.38%).
Webster Financial Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| WBS | Webster Financial | $3.94B | $1.02B |
| UMBF | UMB Financial | $2.38B | $683.20M |
| FNB | F.N.B. | $2.23B | $645.11M |
| TCBI | Texas Capital Bancshares | $1.63B | $472.49M |
| ABCB | Ameris Bancorp | $1.52B | $360.20M |
| TRMK | Trustmark | $892.30M | $103.71M |
| LBAI | Lakeland Bancorp | $514.58M | $133.67M |
| FBMS | First Bancshares | $387.64M | $91.03M |
| WABC | Westamerica Ban | $327.54M | $79.57M |
| HONE | HarborOne Bancorp | $277.04M | $78.56M |
| FGBI | First Guaranty Bancshares | $193.43M | $69.18M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
WBS Revenue FAQ
What is Webster Financial’s yearly revenue?
Webster Financial's yearly revenue for 2023 was $3.94B, representing an increase of 59.46% compared to 2022. The company's yearly revenue for 2022 was $2.47B, representing an increase of 102.12% compared to 2021. WBS's yearly revenue for 2021 was $1.22B, representing an increase of 4.12% compared to 2020.
What is Webster Financial’s quarterly revenue?
Webster Financial's quarterly revenue for Q2 2024 was $1.02B, a -2.87% decrease from the previous quarter (Q1 2024), and a 51.43% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $1.05B, a 5.18% increase from the previous quarter (Q4 2023), and a 57.58% increase year-over-year (Q1 2023). WBS's quarterly revenue for Q4 2023 was $996.96M, a 47.28% increase from the previous quarter (Q3 2023), and a 41.62% increase year-over-year (Q4 2022).
What is Webster Financial’s revenue growth rate?
Webster Financial's revenue growth rate for the last 3 years (2021-2023) was 222.29%, and for the last 5 years (2019-2023) was 218.60%.
What are Webster Financial’s revenue streams?
Webster Financial's revenue streams in c 23 are Loans and Lease Related Fees, Deposit Service Fees, Other Non Interest Income, and Investment Advisory, Management and Administrative Service. Loans and Lease Related Fees generated $17.63M in revenue, accounting 7.55% of the company's total revenue, down -17.98% year-over-year. Deposit Service Fees generated $169.32M in revenue, accounting 72.54% of the company's total revenue, down -14.69% year-over-year. Other Non Interest Income generated $17.45M in revenue, accounting 7.48% of the company's total revenue, up 107.17% year-over-year. Investment Advisory, Management and Administrative Service generated $29M in revenue, accounting 12.42% of the company's total revenue, down -28.00% year-over-year.
What is Webster Financial’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Webster Financial was Deposit Service Fees. This segment made a revenue of $169.32M, representing 72.54% of the company's total revenue.