Webster Ranked Nationally by Bank Director as a Best Publicly Traded Bank with $50B-plus assets
31 August 2023 - 3:30AM
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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version on businesswire.com: https://www.businesswire.com/news/home/20230830012001/en/
Media Contact: Alice Ferreira, 203-578-2610
acferreira@websterbank.com
Investor Contact: Emlen Harmon, 212-309-7646
eharmon@websterbank.com
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