14 Hartford Business Journal • June 11, 2018 • www.HartfordBusiness.com
Corporate
Profile
Webster Financial Corp.
145 Bank St., Waterbury, CT
www.websteronline.com
Webster Finan-
cial is the holding
company for Web-
ster Bank, which
provides financial
services to individu-
als, families, and
businesses in the
United States.
2015 2016 2017
0
200
400
600
800
1000
1200
In
millions
of
dollars
Profits Revenues
$204.7M
$207.1M
$255.4M
$997.8M
$1.09B
$1.17B
News Headlines
■ ■ In April, Webster Financial Corp.
posted a strong gain in first-quarter
profits, driven by higher revenues from
loans and service fees. The company
also announced that it was increasing its
common dividend by 7 cents to 33 cents
per share.
■ ■ In January, John R. Ciulla began his
tenure as president and CEO of Webster
Financial, replacing longtime chief
executive Jim Smith, who retired.
■ ■ Also in January, Webster joined
a growing list of companies providing
bonuses and/or higher pay to employees
following passage of federal tax reforms.
Corporate suite
Stock Non-equity
Exec. Salary Bonus Awards Incentive Total
James C. Smith
Former Chairman/CEO $950,000 $0 $1,825,799 $1,223,600 $5,800,260
John R. Ciulla
Current CEO, President $725,000 $0 $548,498 $875,840 $2,290,226
Glenn I. MacInnes
EVP & CFO $475,000 $0 $1,103,526 $471,359 $2,147,982
Profits and Revenues
Fact box
Industry: Financial services
1Q 2018 Revenue: $314.7M
1Q 2018 Net Income: $80.2M
1Q 2017 Net Income: $59.5M
Quarterly Profit Change: $20.7M
Cash: $7.5B
Employees: 3,302
Competitors: TD Bank
People's United Financial Inc.
Citizens Financial Group Inc.
Stock watch
Ticker Symbol WBS
Market Cap $6B
52 Week Range Price $44.04-$66.64
Outstanding Shares 92.1M
Top institutional investors
Shares % Stake
T. Rowe Price 9,355,518 10.17
Blackrock Inc. 8,132,170 8.84
Vanguard Group Inc. 7,709,447 8.38
John R. Ciulla,
CEO & President
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