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Webster Financial Corporation WBS Community Banking — Income (loss) before income tax expense

Discontinued — last reported Q4 '23

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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments.

The official record: Webster Financial Corporation’s 10-K, filed February 27, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Webster Financial Corporation's community banking — income (loss) before income tax expense?
Webster Financial Corporation (WBS) reported community banking — income (loss) before income tax expense of $117.17M in Q4 2023.
How has Webster Financial Corporation's community banking — income (loss) before income tax expense changed year-over-year?
Webster Financial Corporation's community banking — income (loss) before income tax expense increased by 12.1% year-over-year, from $104.53M to $117.17M.
What does community banking — income (loss) before income tax expense mean?
The total profit or loss generated by the Community Banking segment before taxes are paid.
How do you interpret community banking — income (loss) before income tax expense?
An increase indicates improved operational efficiency or revenue growth within the segment, while a decrease suggests rising costs or declining business volume.
How does community banking — income (loss) before income tax expense compare across companies?
Standard across regional banks as 'Segment Pre-Tax Income'.