Webster Financial Corporation Investor Presentation — July 2024

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WEBSTER FINANCIAL CORPORATION

Second Quarter 2024

July 23, 2024Earnings

Conference Call2 WEBSTER FINANCIAL CORPORATIONAdjusted results are non-GAAP. See non-GAAP reconciliations on pages 5 and 34

1 Preliminary. Represents the estimated ratios for the current period inclusive of

CECL regulatory capital transition provisions.•Highlighted results:

◦Loans up $0.5 billion or 0.9%

◦Core deposit growth of $0.7 billion

◦Efficiency ratio of 46.2%

◦Adjusted ROAA 1.16%

◦Adjusted ROATCE 17.15%

•Reported results include a pre-tax securities

repositioning loss of $49.9 million

◦TBVPS earn-back of <1.5 years

•NIM of 3.32% , down 3 bps , reflective of higher

◦TCE of 7.18%Second Quarter 2024 Highlights

NET INCOME AVAILABLE TO COMMON NET INCOME AVAILABLE TO COMMON

DILUTED EPS DILUTED EPS

ROATCE ROATCE3 WEBSTER FINANCIAL CORPORATIONDiversified and Stable Deposit Profile

11% of Total Consumer Bank / Commercial Bank

14% of Total•200+ financial

and Long-Island•Sophisticated

verticals •Longstanding top

healthcare solution•Tech-enabled cash

digital channel•Relationship-based

deposits•Long duration

•High growth•Access to core

flexibility based on

5% of Total•Specialized

optionalityCorporate

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