Issue link: https://nebusinessmedia.uberflip.com/i/1100923
18 Hartford Business Journal • April 8, 2019 • www.HartfordBusiness.com Corporate Profile Webster Financial Corp. 145 Bank St. Waterbury, CT, 06702 | http://public.websteronline.com Webster Finan- cial Corp. is the holding company for Webster Bank, which provides a range of banking, investment and financial services to individuals, families and businesses. 2016 2017 2018 $0 $200 $400 $600 $800 $1,000 $1,200 In millions of dollars Profits Revenues $207.1M $255.4M $360.4M $926.6M $1B $1.1B News Headlines ■ ■ Webster Bank Chairman James Smith was recently named co-chair of the Connecticut Economic Resource Center Inc., where he will be tasked with helping the state recruit companies to Connecticut. ■ ■ Webster Bank recently debuted a new student loan refinacing service that aims to help people pay off thier college debt. ■ ■ Webster Bank is pledging $16.7 million in loans, subsidies and tax credits to fund a proposed $31.5 million, 81-unit Meriden mixed-income housing redevelopment on Crown Street. Corporate suite Stock Non-equity Exec. Salary Bonus Awards Incentive Total John R. Ciulla President & CEO $896,154 $0 $993,176 $1,150,000 $3,213,026 Glenn I. MacInnes EVP & CFO $475,000 $0 $498,980 $485,000 $1,564,556 Christopher J. Motl EVP, Commercial Banking $423,077 $0 $304,402 $450,000 $1,262,923 Profits and Revenues Fact box Industry: Financial services 4Q 2018 Revenue: $300M 4Q 2018 Net Income: $98.8M 4Q 2017 Net Income: $69.9M Quarterly Profit Change: $28.9M Assets: $27.6B Employees: 3,265 Competitors: TD Bank People's United Financial Inc. Citizens Financial Group Inc. Stock watch Ticker Symbol WBS Market Cap $4.9B 52 Week Range Price $45.38 – $69.63 Outstanding Shares 92.29M Top institutional investors Shares % Stake Price T. Rowe Associates Inc. 9,677,199 10.49 Vanguard Group Inc. 8,884,071 9.63 Blackrock Inc. 8,652,358 9.38 John R. Ciulla, President & CEO Having A Bored Meeting? ~ Blending tradition and excellence for nearly 80 years ~ 2471 Albany Ave | West Hartford, CT | 860.236.1965 | www.thecrownmarket.com Shake things up with a luncheon delivered from The Crown! Call Today! (860) 236-1965 • Sandwich or Wrap Platters • Cold Salad Platters • Make Your Own Sandwich Platters • Design Your Own Menu • Hot Buffet Lunches • Beverages and Paper Goods Available