Webster Bank reports $409M 2021 profit ahead of upcoming merger

WEBSTER FINANCIAL CORP. on Thursday reported a nearly $409 million profit for 2021./PBN FILE PHOTO
WATERBURY, Conn. – Webster Financial Corp. nearly doubled its profits in 2021 as the bank slashed the amount of money it set aside for anticipated bad loans, posting $408.9 million in net income for the year, the company reported Thursday. The annual net income represented an 85.3% jump over 2020, driven by the release of…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display