ADDED
Basel III Capital Rules Capital rules under a global regulatory framework developed by the Basel Committee on Banking Supervision Bend Bend Financial, Inc.
BHC Act Bank Holding Company Act of 1956, as amended Board The Board of Directors of Webster Financial Corporation CARES Act The Coronavirus Aid, Relief, and Economic Security Act CECL Current expected credit loss model, defined in ASC 326 Financial Instruments Credit Losses CET1 Common Equity Tier 1 Capital, defined by the Basel III Capital Rules, as adopted in the U.S.
CET1 Risk-Based Capital Ratio of CET1 capital to total risk-weighted assets, defined by the Basel III Capital Rules, as adopted in the U.S.
Department of the Treasury OPEB Other post-employment medical and life insurance benefits Ordinary Shares Ordinary shares of Banco Santander, of 50 euro-cents nominal value each OREO Other real estate owned PCAOB Public Company Accounting Oversight Board PCD Purchased credit deteriorated PD Probability of default PPNR Pre-tax, pre-provision net revenue ROU Right-of-use S P Standard and Poor s Rating Services SALT State and local tax SEC U.S.
SERP Supplemental executive retirement plan SOFR Secured Overnight Financing Rate Sterling Sterling Bancorp, collectively with its consolidated subsidiaries Tier 1 Leverage Ratio Ratio of Tier 1 capital to average tangible assets, defined by the Basel III Capital Rules, as adopted in the U.S.
Tier 1 Risk-Based Capital Ratio of Tier 1 capital to total risk-weighted assets, defined by the Basel III Capital Rules, as adopted in the U.S.
Total Risk-Based Capital Ratio of total capital to total risk-weighted assets, defined by the Basel III Capital Rules, as adopted in the U.S.
Forward-looking statements can be identified by words such as achieve, anticipate, assume, could, believe, could, deliver, drive, could, enhance, estimate, expect, focus, future, goal, grow, guidance, intend, may, might, plan, position, potential, predict, project, opportunity, outlook, should, strategy, target, trajectory, trend, will, would, and other similar words and expressions or the negative of such terms or other comparable terminology.
Examples of forward-looking statements include, but are not limited to, statements about the Company s business strategy, goals and objectives projected financial and operating results, including outlook for future growth, and future common share dividends, common share repurchases, and other uses of capital.
Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict, and in many cases, are beyond the Company s control.
REMOVED
Department of the Treasury OPEB Other post-employment medical and life insurance benefits OREO Other real estate owned PCAOB Public Company Accounting Oversight Board PCD Purchased credit deteriorated PD Probability of default PPNR Pre-tax, pre-provision net revenue ROU Right-of-use S P Standard and Poor s Rating Services SALT State and local tax SEC U.S.
Forward-looking statements can be identified by words such as believes, anticipates, expects, intends, targeted, continue, remain, will, should, may, plans, estimates, and similar references to future periods.
However, these words are not the exclusive means of identifying such forward-looking statements.
Examples of forward-looking statements include, but are not limited to: projections of revenues, expenses, income or loss, earnings or loss per share, and other financial items; statements of plans, objectives, and expectations of the Company or its management or Board of Directors; statements of future economic performance; and statements of assumptions underlying such statements.
Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict.
federal government shutdown, or closures or significant staff reductions in agencies regulating our business; the impact of any new regulatory, policy, or enforcement developments resulting from the change in U.S.
BUSINESS General Webster Financial Corporation is a bank holding company and financial holding company under the BHC Act, incorporated under the laws of Delaware in 1986, and headquartered in Stamford, Connecticut.
As of December 31, 2024, Webster Financial Corporation had more than $79 billion in total consolidated assets.
Acquisitions and Joint Ventures On January 24, 2024, the Bank acquired all of the equity interest in Ametros from Long Ridge Capital Management.
Ametros is a custodian and administrator of medical funds from insurance claim settlements that helps individuals manage their ongoing medical care through its CareGuard service and proprietary technology platform.