韦伯斯特金融 2024年度报告

AnnualReport 2024 A Letter from theChairman andChief ExecutiveOfficer Dear Stockholders, Webster Financial continues to position itselfto succeed in rapidly changing markets. Ourcapacity to grow is facilitated by the diversityof our asset generation and funding sourcesand the strength of our client and communityrelationships, helping to ensure our strongposition in the marketplace. Operating results in 2024 were strong andreflect Webster’s favorable strategic position inthe industry. We reported full-year earnings of$752 million, earnings per share of $4.37, andour return on tangible common equitywas 14.4%. We ended the year with a tangible book value of$32.95 per share, an increase of approximately2% versus prior year. Our ability to deliver better-than-peer financialperformance stems from consistent execution,investments in our technological capabilitiesand diligent preparation for the evolution ofour business. We continue to deepen clientrelationships amid a competitive landscape.We are also making significant investmentsthat enhance our overall enterpriseeffectiveness, including strengthening ouroperating foundation, data reporting and firstline controls. Our loans and deposits respectively grew 3.5%and 6.5% over the prior year, outpacing the U.S.banking industry. We maintained a solid net interest incometrajectory despite elevated deposit competitionand the onset of lower interest rates, which wasthe result of proactive steps we have taken tomitigate Webster’s interest rate sensitivity. We continue to retain and attract toptalent, allowing us to build a culture ofexcellence and collaboration. Our efficiency ratio of 45% compares favorablyto peers and illustrates the purposefulcombination of complementary businessesat Webster. We are proud of our more than 4,400 dedicatedcolleagues and the inclusive, values-basedworkplace culture we have created. Ourcolleagues have told us they believe in ourpurpose and appreciate our commitment tovaluing diverse perspectives, which is a majorfactor driving Webster’s innovation. We also realized several strategic achievementsin 2024 that advanced our business andcontributed to Webster’s resilience. Our Healthcare Financial Services segmentcontinued to add tremendous value to Webster.During the year, we further enhanced our A Letter from the Chairman and CEO(cont.) distinctive deposit franchise with the acquisition ofAmetros. With over $1 billion in deposits, Ametros isa unique and exciting opportunity for Webster, as thebusiness delivers a valuable service for its members,and provides Webster with low-cost, fast-growingdeposits. We are also introducing banking products toAmetros clients and exploring expanded markets forits services. Together, these strategic accomplishments have createda solid foundation for Webster's future, allowing us tofulfill our mission to help our clients achieve theirfinancial goals. Webster is a leading values-based company poisedfor differentiated growth and future success. HSA Bank, one of the country's largest providers ofemployee benefit solutions, grew its deposits by $800million during the year. This impressive growth waspartially attributed to the launch of the HSA Investplatform that ensures seamless access between anHSA Bank member and their investments. In 2024, we continued to expand access to capital,providing loans, investments, technical assistance andfinancial services to individuals and small businessesin low- and moderate-income (LMI) neighborhoods.Our signature Webster Finance Lab initiative providesopportunities for LMI youth to gain the skills neededfor economic empowerment and financial success.These programs are one of the many highlights of ourmultibillion-dollar Community Investment Strategy thatfocuses on enriching our communities. Commercial Banking continued to grow deposits andloans through a mix of regional and national specialtyverticals. In addition, we announced a private creditjoint venture with Marathon Asset Management. Thiswill allow Commercial Banking’s Sponsor and Specialtyteam to better serve and meet the growing needs oftheir clients, while increasing Webster’s balance sheetflexibility and adding a new source of fee incomeand deposits. This past year demonstrated our colleagues’ passion togo above and beyond in growing our business and servingour clients. Webster is a leading values-based companypoised for differentiated growth and future success. Wecontinue to retain and attract top talent, allowing us tobuild a culture of excellence and collaboration. We've accelerated deposit growth in Consumer Bankingthrough our digital channels and enhanced accountopening capabilities in our banking centers. This furtherstrengthens our ability to elevate our clients’ overallWebster experience. Thank you to our Board of Directors for their ongoingsupport and confidence in our vision. As we approach our90th anniversary this fall, we will honor the milestone bycontinuing our legacy to pursue sup