Webster Bank reports $644M profit for 2022, boosted by Sterling merger

Nancy Lavin

01/26/2023

1226118178-1-1 — WEBSTER FINANCIAL CORP. reported a $644.3 million profit for 2022 on Thursday. / PBN FILE PHOTO

STAMFORD, Conn. – Webster Financial Corp. continues to reap financial benefits – and some extra costs – from a $10.3 billion merger with a New York bank that closed a year ago. The parent company for Webster Bank on Thursday reported a $644.3 million profit for 2022, marking a 57.6% increase over the prior year.…

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