Webster Financial Corporation reported significant financial growth in its latest quarterly results, with net income reaching $258.8 million for the three months ended June 30, 2025, compared to $181.6 million for the same period in 2024. This translates to a 42.6% increase year-over-year. The earnings per diluted share also rose to $1.52 from $1.03, reflecting a strong performance across its business segments. For the first half of 2025, net income totaled $485.8 million, up from $398.0 million in the prior year, marking a 21.9% increase.
The company’s total assets increased to approximately $81.9 billion as of June 30, 2025, up from $79.0 billion at the end of 2024. This growth was driven by a $1.2 billion increase in loans and leases, which reached $53.7 billion, and a $0.6 billion rise in investment securities. The allowance for credit losses on loans and leases also saw an increase to $722.0 million, reflecting ongoing organic loan growth and macroeconomic uncertainties. Non-performing assets rose to $537.1 million, representing 1.00% of total loans and leases, compared to 0.73% at the end of 2024.
Strategically, Webster Financial completed the acquisition of Ametros Financial Corporation in January 2024, enhancing its healthcare financial services segment. This acquisition is expected to provide a steady source of low-cost deposits and additional non-interest income. The company also reported a significant increase in non-interest income, which rose to $94.7 million in the second quarter of 2025, up from $42.3 million in the same quarter of 2024, largely due to the absence of losses on the sale of investment securities, which had impacted the previous year’s results.
Operationally, Webster Financial has expanded its customer base and improved engagement metrics, with total deposits increasing by $1.5 billion to $66.3 billion. The bank's focus on enhancing its digital banking capabilities and customer service has contributed to this growth. The company also reported a strong capital position, with a Common Equity Tier 1 (CET1) Risk-Based Capital ratio of 11.35%, exceeding the regulatory minimum requirements. Looking ahead, Webster Financial anticipates continued growth driven by its diversified business model and strategic initiatives, despite potential economic uncertainties.
About WEBSTER FINANCIAL CORP
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