Restructuring and cost reductionsmixed · 5 filings
“There were $ 0.4 million in total write-ups due to observable price changes and $ 0.5 million in write-downs due to impairment during the six months ended June 30, 2026.”10-Q · Jul 27, 2026 ↗
Webster Financial Corp
WBS
Market read
Webster Financial Corp's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Company+0.0% todayVolume comparison unavailable
Market group0 of 17 activeBanks - Diversified · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- WBS's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if WBS's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 17 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- WBS's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations313
Usable filing statements55
Verified relationships2
Evidence supporting the case
- Operating margin changed +113.5 percentage points in the latest annual period.
- Net margin changed +108.5 percentage points in the latest annual period.
Evidence challenging the case
- Latest annual revenue changed -3.1% year over year.
Questions before a position
- P/E is 17% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 89% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Aug 20, 2026
77.576m+7.4%12m+33.9%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$212.4M+6.9%$4.42+0.1%
2022-12-31$268.7M+26.5%$3.72—
2023-12-31$233.4M-13.1%$4.91+2.6%
2024-12-31$245.7M+5.3%$4.37-1.0%
2025-12-31$238.0M-3.1%$5.90-2.9%
What management says matters
Persistent and emerging business drivers
Supply chain and availabilitynegative · 4 filings
“The net amounts presented as a component of non-interest income for the years ended December 31, 2025, 2024, and 2023, respectively, include the portion of any gross losses that were not due to credit related factors.”10-K · Feb 27, 2026 ↗
Legal and regulatory exposuremixed · 3 filings
“Allowance for Credit Losses on Unfunded Loan Commitments The following table summarizes the activity in the ACL on unfunded loan commitments, which is recorded under the CECL methodology and provides for the unused portion of commitments to lend that are not…”10-Q · Apr 30, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 53.9× · EV/sales 57.0×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
77.59+0.0% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 19 Aug, 16:00 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for WBS. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for WBS. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind WBS
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
NBHCNational Bank Holdings CorporationinvesteeFeb 27, 2026 ▾
“Further, in connection with the merger with Sterling in 2022, the Company acquired assets held in separate Rabbi Trusts that had been respectively established to fund obligations due under the Greater New York Savings Bank Directors’ Retirement Plan and the S…”
TBBKThe Bancorp, Inc.investeeNov 10, 2025 ▾
“In connection with its merger with Sterling Bancorp in 2022, the Company acquired assets held in a separate Rabbi Trust that was previously established to fund obligations due under the Greater New York Savings Bank Directors’ Retirement Plan.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
WBS is currently a Follower in the organic co-movement group Banks - Diversified. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.