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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest Income:      
Interest and fees on loans and leases $ 490,985 $ 485,666 $ 486,883
Taxable interest and dividends on securities 172,151 178,215 182,599
Non-taxable interest on securities 22,436 27,196 29,006
Loans held for sale 2,068 2,425 1,235
Total interest income 687,640 693,502 699,723
Interest Expense:      
Deposits 46,582 59,586 80,808
Securities sold under agreements to repurchase and other borrowings 20,800 21,034 16,172
Federal Home Loan Bank advances 16,229 16,943 14,352
Long-term debt 7,301 17,031 24,623
Total interest expense 90,912 114,594 135,955
Net interest income 596,728 578,908 563,768
Provision for loan and lease losses 33,500 21,500 22,500
Net interest income after provision for loan and lease losses 563,228 557,408 541,268
Non-interest Income:      
Deposit service fees 98,968 96,633 102,795
Loan related fees 21,860 18,043 20,237
Wealth and investment services 34,771 29,515 26,421
Mortgage banking activities 16,359 23,037 4,905
Increase in cash surrender value of life insurance policies 13,770 11,254 10,360
Net loss on trading securities 0 0 (1,799)
Net gain on sale of investment securities 712 3,347 3,823
Impairment loss recognized in earnings (7,277) 0 0
Other income 11,887 10,929 10,300
Total non-interest income 191,050 192,758 177,042
Non-interest Expense:      
Compensation and benefits 264,835 264,101 262,647
Occupancy 48,794 50,131 53,866
Technology and equipment 60,326 62,210 60,721
Intangible assets amortization 4,919 5,420 5,588
Marketing 15,502 16,827 18,456
Professional and outside services 9,532 11,348 11,203
Deposit insurance 21,114 22,749 20,927
Litigation 0 0 (9,523)
Other expense 73,037 69,018 87,091
Total non-interest expense 498,059 501,804 510,976
Income from continuing operations before income tax expense 256,219 248,362 207,334
Income tax expense 76,670 74,665 57,951
Income from continuing operations 179,549 173,697 149,383
Income from discontinued operations, net of tax 0 0 1,995
Net income 179,549 173,697 151,378
Less: Net loss attributable to non controlling interests 0 0 (1)
Net income attributable to Webster Financial Corporation 179,549 173,697 151,379
Preferred stock dividends (10,803) (2,460) (3,286)
Net income available to common shareholders $ 168,746 $ 171,237 $ 148,093
Basic:      
Net income from continuing operations per common share, Basic (in dollars per share) $ 1.90 $ 1.96 $ 1.67
Income from discontinued operations, net of tax, Basic (in dollars per share) $ 0.00 $ 0.00 $ 0.02
Net income available to common shareholders per common share, Basic (in dollars per share) $ 1.90 $ 1.96 $ 1.69
Diluted:      
Net income from continuing operations per common share, Diluted (in dollars per share) $ 1.86 $ 1.86 $ 1.59
Income from discontinued operations, net of tax, Diluted (in dollars per share) $ 0.00 $ 0.00 $ 0.02
Net income available to common shareholders per common share, Diluted (in dollars per share) $ 1.86 $ 1.86 $ 1.61