Webster Bank, National Association

In 2022, Webster Bank claims to have created or maintained commitments for approximately $661 million in loans for renewable energy, environmental remediation and energy-efficient components, primarily in Connecticut, as well as in Massachusetts, New York, Pennsylvania, Florida, Georgia, South Carolina and Washington D.C.   It is unclear whether and to what degree Webster has outstanding commitments to fossil fuel operations.  The bank was heavily involved in funding the taxi mediallion schemes in New York and Chicago that caused the mediallions to become dramatically overvalued and lead to those cities needing to apply funds to bail out taxi drivers that would have otherwise been earmarked for environmental remediation.

Updated April 1, 2024

Climate Score: C

Some funding of renewable energy projects but unclear whether Webster / Brio is engaged in lending to the fossil industries. The bank's involvement in the taxi medallion scheme remains a concern to us.

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Webster Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Webster Bank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Webster Bank, National Association had $368,149,000 in non-current loans and $1,035,000 in owned real estate. To cover these potential losses it had $9,193,574,000 in equity and $669,355,000 in loans loss reserves. That gives it a Texas Ratio of 3.74%.

Return on Equity

Webster Bank, National Association has a Return on Equity of 8.99% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization

Webster Bank, National Association has a Capitalization of 11.98% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

As of June 30, 2024, Webster Bank, National Association had assets of $76,760,507,000, loans of $51,152,247,000, and deposits of $62,593,777,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.