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Webster Financial Corporation WBS Income tax credits and other income tax benefits from LIHTC investments

Income tax credits and other income tax benefits from LIHTC investments at other companies

PNC Financial Services logo
PNC Financial ServicesPNC
$34.5M+35.3%
Globe Life logo
Globe LifeGL
$7.24M-65.7%
PNC Financial Services logo
PNC Financial ServicesPNC
$3B+36.4%
PNC Financial Services logo
PNC Financial ServicesPNC
1.6%+0.2pp
Truist Financial logo
Truist FinancialTFC
-$203M-523%
PNC Financial Services logo
PNC Financial ServicesPNC
$8.75M-53.9%

Other financials

Income statement

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Revenue$735.9M+4.4%
Operating income$356.8M-1.2%
Net income$246.2M+8.5%
EPS (diluted)$1.50+15.4%

Balance sheet

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Cash & equivalents$2.9B+13.8%
Total debt$5.5B+45.4%
Total equity$9.6B+4.0%
Total assets$85.6B+6.6%

Cash flow

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Operating cash flow$288.7M+204%
CapEx$10.5M+26.0%
Free cash flow$278.3M+221%

Valuation

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Market cap$12.25B+26.7%
Enterprise value$14.94B+36.9%
P/E12×-0.4×
P/S4.2×+0.5×

Profitability

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Operating margin50%
Net margin34.9%+5.2pp
FCF margin41%-5.3pp

Returns & leverage

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Return on equity10.9%+2.2pp
Debt / equity0.6×+0.2×

Where this comes from

Reported directly by Webster Financial Corporation in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromAffordableHousingProjectsEquityMethodInvestments.

The official record: Webster Financial Corporation’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Webster Financial Corporation's income tax credits and other income tax benefits from LIHTC investments?
Webster Financial Corporation (WBS) reported income tax credits and other income tax benefits from LIHTC investments of -$49.7M in Q1 2026.
How has Webster Financial Corporation's income tax credits and other income tax benefits from LIHTC investments changed year-over-year?
Webster Financial Corporation's income tax credits and other income tax benefits from LIHTC investments decreased by 19.2% year-over-year, from -$41.71M to -$49.7M.