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WEBSTER FINANCIAL CORPORATION First Quarter 2021 April 19, 2021Earnings Conference Call
WEBSTER FINANCIAL CORPORATION
April 19, 2021Earnings
Conference Call2 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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