Webster Financial Corporation Investor Presentation — October 2021

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Q3 2021 Earnings Conference Call

This presentation may contain certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and

statements about the Company and the benefits of the proposed transaction, between Webster Financial Corporation (“Webster”) and Sterling

Bancorp (the “Company”), the plans, objectives, expectations and intentions of Webster and the Company, the expected timing of completion of the

transaction, and other statements that are not historical fact. Such statements are subject to numerous assumptions, risks, and uncertainties.

Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements.

Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions,

or future or conditional verbs such as will, may, might, should, would, could, or similar variations. The forward-looking statements are intended to be

subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private

Securities Litigation Reform Act of 1995.

While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual

results to differ materially from those contained or implied in the forward-looking statements: changes in general economic, political, or industry

conditions; the magnitude and duration of the COVID-19 pandemic and its impact on the global economy and financial market conditions and our

business, results of operations, and financial condition; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the

Federal Reserve Board; volatility and disruptions in global capital and credit markets; movements in interest rates; reform of LIBOR; competitive

pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products

or services; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations,

including those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Basel III regulatory capital reforms, as well as

those involving the OCC, Federal Reserve, FDIC, and CFPB; the occurrence of any event, change or other circumstances that could give rise to the

right of one or both of the parties to terminate the merger agreement between Webster and the Company; the outcome of any legal proceedings that