Webster Financial Corporation (NYSE:WBS) Q4 2020 Results Conference Call January 21, 2021 9:00 AM ET Company Participants Terry Mangan - Director, IR John Ciulla - Chairman and CEO Glenn MacInnes - CFO Chad Wilkins - President, HSA Bank Jason Soto - Chief Credit Officer Conference Call Participants Steven Alexopoulos - JP Morgan Chris O'Connell - KBW Brock Vandervliet - UBS Mark Fitzgibbon - Piper Sandler Timur Braziler - Wells Fargo Laurie Hunsicker - Compass Point Steven Duong - RBC Capital Markets Willia ...

Financial Performance - The company reported net income of $60.0 million, or $0.64 earnings per share (EPS), and adjusted net income of $91.2 million, or $0.99 EPS[4, 5] - The company's ROACE was 7.51% and ROATCE was 9.31% on a reported basis, while adjusted ROACE was 11.54% and adjusted ROATCE was 14.24%[4, 5] - HSA Bank footings reached $10.0 billion, a 17.5% increase year-over-year[5] - Total deposits increased by 17.2% year-over-year[8] - The company is committed to achieving an 8% to 10% expense run rate reduction by 4Q21[5] Loan Portfolio - Total loans increased by 8.0% year-over-year, or 1.7% excluding PPP loans[8] - Commercial Banking loans increased by 10.0% year-over-year, or 6.5% excluding PPP loans[10] - Community Banking loans increased by 5.3% year-over-year, but decreased by 4.7% excluding PPP loans[23] - Total commercial payment deferrals decreased by $96 million, representing a 25% reduction from September 30, and now account for 2.1% of the portfolio[29] Strategic Initiatives - Strategic initiative charges totaled $42.0 million pre-tax, or $31.2 million after-tax[5] - The company anticipates run rate expense reduction of 8% - 10% of core non-interest expense[89] - The company expects approximately $56 million in annualized run rate benefit from strategic expense initiatives[98]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ ______________________________________________________________________________FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ending September 30, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____ t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ ______________________________________________________________________________FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ending June 30, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____ to ___ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ ______________________________________________________________________________FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ending March 31, 2020 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____ to __ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 001-31486 _______________________________________________________________________________________________ Washington, D.C. 20549 _______________________________________________________________________________ WEBSTER FINANCIAL CORPORATION FORM 10-K _______________________________________________________________________________ (Exact name of registrant as specified in its charter) _____________________________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 10-Q _______________________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ending September 30, 2019 Commission File Number: 001-31486 _______________________________________________________________________________ WEBSTER FINANCI ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 10-Q _______________________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ending June 30, 2019 Commission File Number: 001-31486 _______________________________________________________________________________ WEBSTER FINANCIAL CO ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 10-Q _______________________________________________________________________________ ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ending March 31, 2019 Commission File Number: 001-31486 _______________________________________________________________________________ WEBSTER FINANCIAL C ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 10-K _______________________________________________________________________________ (Exact name of registrant as specified in its charter) _______________________________________________________________________________ (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 145 Bank Street, ...