Webster Financial Corporation Investor Presentation — April 2021

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WEBSTER FINANCIAL CORPORATION

April 19, 2021Earnings

Conference Call2 WEBSTER FINANCIAL CORPORATIONSolid financial results and a favorable credit

HSA Bank footings of $10.6 billion , an

increase of 23.1% year-over-year

Stable net interest income & margin

Strong liquidity, capital, and reserve positions

Positioned for future growth through

execution on strategic initiatives

Continued progress towards our expense

Reported results include $9.4 million ($6.9

after-tax) expenses related to strategic

initiativesFirst Quarter 2021 Highlights

INCOME AVAILABLE TO COMMON

INCOME AVAILABLE TO COMMON

ROATCEREPORTED ADJUSTED

Note: See non-GAAP reconciliation on pages 8 and 37 through 38.3 WEBSTER FINANCIAL CORPORATIONStrategic Focus

OPPORTUNITIES EXPANDING

•Efficiency opportunities with an anticipated expense reduction of 8-10% of core non-interest expense

•Growth drivers are expected to deliver incremental revenue impact•Simplify the organization

•Rationalize real estate

•Optimize ancillary spend•Enhance digital capabilities

powered by a flexible technology

and data platform•Accelerate growth in Commercial

•Drive HSA Bank growth

•Strengthen Retail Banking in core

Note: Estimates and other statements regarding future expense savings are forward-looking information. See page 39 for more information.4 WEBSTER FINANCIAL CORPORATIONProgress on Strategic Initiatives

•We continue to make progress toward our stated goal of

an 8 to 10% net reduction in operating expenses through

rationalizing our banking center network, consolidating

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