Free Historical Stock Data on Webster Financial Corp
Stock Symbol: WBS
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Webster Financial Corporation (Webster) is the holding company for Webster Bank, N.A. and Webster Insurance. With $17 billion in assets, Webster provides business and consumer banking, mortgage, insurance, financial planning, trust and investment services through 147 banking offices, 268 automated teller machines (ATMs), telephone banking and the Internet. Webster Bank owns the asset-based lending firm, Webster Business Credit Corporation; the insurance premium finance company, Budget Installment Corp., and Center Capital Corporation, an equipment finance company headquartered in Farmington, Connecticut. In May 2004, the Company acquired FIRSTFED America Bancorp Inc., headquartered in Swansea, Massachusetts, the holding company for First Federal Savings Bank of America. In December 2004, the Company completed the acquisition of First City Bank.
For the nine months ended 9/30/04, total interest income rose 8% to $533.4 million. Net interest income after loan loss prov. rose 14% to $326.6 million. Net income increased 13% to $137.5 million. Net interest income reflects increased volumes of earning assets and lower Federal Home Loan Bank advances. Higher income was partially offset by lower financial advisory services income.