Webster Financial Corporation Investor Presentation — July 2021

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WEBSTER FINANCIAL CORPORATION

Second Quarter 2021

July 22, 2021Earnings

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

Loan growth of 3.2% quarter over quarter

Positioned for future growth through

execution on strategic and integration

Continued progress towards our expense

Reported results include $18.2 million ($17.6

after-tax) expenses related to merger and

strategic initiativesSecond Quarter 2021 Highlights

INCOME AVAILABLE TO COMMON

INCOME AVAILABLE TO COMMON

ROATCEREPORTED ADJUSTED

Note: See non-GAAP reconciliation on pages 7 and 37 through 38.3 WEBSTER FINANCIAL CORPORATION

Loan Growth of 3.2% LQ excluding PPP

$21,803$21,803$21,301$21,301 $21,475$21,475

$7,049$6,526 $6,647$1,317$1,308 $846$13,437$13,467 $13,982

Consumer Loans PPP Loans (all commercial) Commercial Loans2Q20 1Q21 2Q21

Loan Portfolio Yield:

3.63% 3.57% 3.46%Loans

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

LQ growth of $0.2 billion or 0.8% (3.2% excl. PPP)

• 3.2% growth LQ excluding PPP loans

• Growth in commercial loans ( 3.8% ) and consumer loans

• Loan portfolio yield declined 11 bps

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

• Loan balance comprised of 69% commercial loans and

31% consumer loans (including PPP)

YOY decline of $0.3 billion or 1.5%

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