Webster Bank, National Association

Headquarters

1959 Summer St
Stamford, CT 06905
See all branch locations →

Phone 800-325-2424

Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.41% →
2-Year CD N.A. 5.25% →
5-Year CD N.A. 4.55% →
30-Year Mortgage 7.42% 4.91% →
15-Year Mortgage 6.94% 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Webster Bank, National Association is an FDIC insured institution located in Stamford, CT. It was founded in 1870 and has approximately $74.88 billion in assets. Customers can open an account at one of its 184 branches.

FDIC Insured Yes
FDIC Certificate # 18221
Date Established 1870
Assets $ 74.88 billion
Loans $ 50.10 billion
Deposits $ 61.19 billion
Capital $ 9.13 billion
 

For a more detailed analysis of Webster Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - May 17, 2024

Your Current Location: Virginia, VA 20146

Online Only CD Rates of Brio Direct, a division of Webster Bank

Online CD Rates APY MIN MAX
12-Month CD
5.00% $500 - Learn More
24 Month CD
2.30% $500 - Learn More
36 Month CD
2.45% $500 - Learn More
Checking Rates APY MIN FEE
Choice Checking 0.00% $0 $0.00 Learn MoreShow Less
Webster Connect Checking 0.00% $0 $4.50 Learn MoreShow Less

Bank Online Offers

Brio Direct Lowers Online Savings Rate to 2.10% APY
Dec 12, 2019

Brio Direct, a division of Sterling National Bank, has lowered its online savings rate from 2.20% to 2.10% APY.   This is the most recent is a series or quick and successive rate drops at this bank.   While the rate is still very competitive, this bank is so poorly reviewed on BestCashCow that depositors may want to think twice before chasing their savings rate.



Loan Rates - May 17, 2024

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Webster Bank, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Webster Bank, National Association Locations



Climate Policy and Initiatives


In 2022, Webster Bank claims to have created or maintained commitments for approximately $661 million in loans for renewable energy, environmental remediation and energy-efficient components, primarily in Connecticut, as well as in Massachusetts, New York, Pennsylvania, Florida, Georgia, South Carolina and Washington D.C.   It is unclear whether and to what degree Webster has outstanding commitments to fossil fuel operations.  The bank was heavily involved in funding the taxi mediallion schemes in New York and Chicago that caused the mediallions to become dramatically overvalued and lead to those cities needing to apply funds to bail out taxi drivers that would have otherwise been earmarked for environmental remediation.

Updated April 1, 2024


Climate Score: C

Some funding of renewable energy projects but unclear whether Webster / Brio is engaged in lending to the fossil industries. The bank's involvement in the taxi medallion scheme remains a concern to us.


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Financial Details

Webster Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Webster Bank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Webster Bank, National Association U.S. Bank Average
2.14% 3.96%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2024, Webster Bank, National Association had $208,804,000 in non-current loans and $102,000 in owned real estate. To cover these potential losses it had $9,131,026,000 in equity and $635,737,000 in loans loss reserves. That gives it a Texas Ratio of 2.14%.

Return on Equity
Webster Bank, National Association U.S. Bank Average
10.34% 12.20%

Webster Bank, National Association has a Return on Equity of 10.34% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Webster Bank, National Association U.S. Bank Average
12.19% 10.76%

Webster Bank, National Association has a Capitalization of 12.19% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Webster Bank, National Association Balance Sheet Analysis

As of December 31, 2023, Webster Bank, National Association had assets of $74,875,514,000, loans of $50,096,855,000, and deposits of $61,191,042,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2024
ASSETS
Cash & Balances due from depository institutions $ 1,715.42 million
Interest-bearing balances $ 1,527.45 million
Total securities $ 16.03 billion
Federal funds sold and reverse repurchase $ 0.38 million
Net loans and leases $ 50.10 billion
Loan loss allowance $ 635.74 million
Trading account assets $ 42.14 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.10 million
Goodwill and other intangibles $ 2.84 billion
All other assets $ 3.15 billion
     Total Assets $ 65.74 billion
LIABILITIES
Total deposits $ 61.19 billion
      Interest-bearing deposits $ 50.33 billion
      Deposits held in domestic offices $ 61.19 billion
      % insured (estimated) 67.40%
Federal funds purchased and repurchase agreements $ 458.39 million
Trading liabilities $ 279.86 million
Other borrowed funds $ 2.66 billion
Subordinated debt N.A.
All other liabilities $ 974.09 million
      Total Liabilities $ 65.74 billion
      Shareholders’ Equity $ 9.13 billion

Summary Income Statement

December 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 3.64 billion
Total Interest Expense $ 1,264.32 million
Net interest income $ 2.37 billion
Provision for loan and lease losses $ 150.75 million
Total non interest income $ 341.46 million
Total non interest expense $ 1,386.14 million
Pre-tax Net Operating Income $ 250.30 million

Bank Loan Profile?

The top three loan types in Webster Bank, National Association’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Connecticut, Webster Bank, National Association has a significantly higher percent of Multifamily Mortgages, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.01
Multifamily
Mortgages
11.81
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.35
Construction and Development Loans 2.99
Commercial Real Estate 21.54
Commercial and Industrial Loans 27.04
Farm Loans 0.00

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