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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest Income:      
Interest and fees on loans and leases $ 485,666 $ 486,883 $ 493,244
Taxable interest and dividends on securities 178,215 182,599 184,571
Non-taxable interest on securities 27,196 29,006 29,862
Loans held for sale 2,425 1,235 970
Total interest income 693,502 699,723 708,647
Interest Expense:      
Deposits 59,586 80,808 112,629
Securities sold under agreements to repurchase and other short-term borrowings 21,034 16,172 15,900
Federal Home Loan Bank advances 16,943 14,352 17,628
Long-term debt 17,031 24,623 25,219
Total interest expense 114,594 135,955 171,376
Net interest income 578,908 563,768 537,271
Provision for loan and lease losses 21,500 22,500 115,000
Net interest income after provision for loan and lease losses 557,408 541,268 422,271
Non-interest Income:      
Deposit service fees 96,633 102,795 108,977
Loan related fees 18,043 20,237 20,286
Wealth and investment services 29,515 26,421 24,925
Mortgage banking activities 23,037 4,905 4,169
Increase in cash surrender value of life insurance policies 11,254 10,360 10,517
Net (loss) gain on trading securities 0 (1,799) 12,045
Net gain on sale of investment securities 3,347 3,823 9,748
Total other-than-temporary impairment loss on securities 0 0 (14,445)
Less: Portion of loss recognized in other comprehensive income 0 0 8,607
Net impairment loss recognized in earnings 0 0 (5,838)
Other income 10,929 10,300 16,396
Total non-interest income 192,758 177,042 201,225
Non-interest Expense:      
Compensation and benefits 264,101 262,647 245,343
Occupancy 50,131 53,866 55,634
Technology and equipment 62,210 60,721 62,855
Intangible assets amortization 5,420 5,588 5,588
Marketing 16,827 18,456 18,968
Professional and outside services 11,348 11,203 14,721
Deposit insurance 22,749 20,927 24,535
Litigation 0 (9,523) 22,476
Other expense 69,018 87,091 88,854
Total non-interest expense 501,804 510,976 538,974
Income from continuing operations before income tax expense 248,362 207,334 84,522
Income tax expense 74,665 57,951 12,358
Income from continuing operations 173,697 149,383 72,164
Income from discontinued operations, net of tax 0 1,995 94
Net income 173,697 151,378 72,258
Less: Net (loss) income attributable to non controlling interests 0 (1) 3
Net income attributable to Webster Financial Corporation 173,697 151,379 72,255
Preferred stock dividends (2,460) (3,286) (18,086)
Accretion of preferred stock discount 0 0 (6,830)
Net income available to common shareholders $ 171,237 $ 148,093 $ 47,339
Basic:      
Net income from continuing operations per common share, Basic (in dollars per share) $ 1.96 $ 1.67 $ 0.60
Income from discontinued operations, net of tax, Basic (in dollars per share) $ 0.00 $ 0.02 $ 0.00
Net income available to common shareholders per common share, Basic (in dollars per share) $ 1.96 $ 1.69 $ 0.60
Diluted:      
Net income from continuing operations per common share, Diluted (in dollars per share) $ 1.86 $ 1.59 $ 0.57
Income from discontinued operations, net of tax, Diluted (in dollars per share) $ 0.00 $ 0.02 $ 0.00
Net income available to common shareholders per common share, Diluted (in dollars per share) $ 1.86 $ 1.61 $ 0.57