Webster Financial Corporation Investor Presentation — January 2022

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WEBSTER FINANCIAL CORPORATION

Fourth Quarter 2021

January 20, 2022Earnings

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

Loan growth of 4.1% quarter over quarter

excluding PPP loans; average loan growth of

Strong liquidity, capital, and reserve position

Continued progress on our internal

transformational project, which will

complement the integration of Sterling and

Reported results include a net of

$13.7 million ($10.1 million after-tax) merger

related costs and strategic initiativesFourth Quarter 2021 Highlights

INCOME AVAILABLE TO COMMON

INCOME AVAILABLE TO COMMON

ROATCEREPORTED ADJUSTED

Note: See non-GAAP reconciliation on pages 7 and 39 through 41.3 WEBSTER FINANCIAL CORPORATION

Loan Growth of 4.1% LQ excluding PPP

$21,641 $21,580$22,272

$6,741 $6,899 $7,092$1,256$398 $215$13,644$14,283$14,965

Consumer Loans PPP Loans (all commercial) Commercial Loans4Q20 3Q21 4Q21

Loan Portfolio Yield:

3.44% 3.60% 3.43%Loans

($ in millions unless noted, balances end of period)

LQ growth of $875 million or 4.1% (excl. PPP)

• LQ growth of $691 million or 3.2% including PPP

• Growth in commercial loans ( 4.8% ) and consumer loans

• Loan portfolio yield declined 17 bps

• Floating and periodic to total loans ratio of 70% compared

• Loan balance comprised of 68% commercial loans and

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