Webster Financial Corporation Investor Presentation — October 2021

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WEBSTER FINANCIAL CORPORATION

October 21, 2021Earnings

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

Loan growth of 2.7% quarter over quarter

excluding PPP loans; average loan growth of

Strong liquidity, capital, and reserve position

Positioned for future growth through

execution on strategic and integration

Reported results include a net of $5.8 million

($4.3 million after-tax) merger related costs

and strategic initiativesThird 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 2.7% LQ excluding PPP

$21,853$21,475 $21,580

$6,932 $6,647 $6,899$1,354$846 $398$13,566$13,982 $14,283

Consumer Loans PPP Loans (all commercial) Commercial Loans3Q20 2Q21 3Q21

Loan Portfolio Yield:

3.40% 3.46% 3.60%Loans

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

LQ growth of $553 million or 2.7% (excl. PPP)

• LQ growth of $105 million or 0.5% including PPP

• Growth in commercial loans ( 2.2% ) and consumer loans

• Loan portfolio yield increased 14 bps

• Floating and periodic to total loans ratio* of 71%

compared to 70% at 2Q21

• Loan balance comprised of 68% commercial loans and

32% consumer loans (including PPP)

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