Webster Financial Corp (NYSE:WBS)
$ 46.34 -0.3 (-0.64%) Market Cap: 7.95 Bil Enterprise Value: 11.55 Bil PE Ratio: 9.50 PB Ratio: 0.94 GF Score: 73/100

Webster Financial Corp and Sterling Bancorp All-Stock Merger of Equals Transaction - M&A Call Transcript

Apr 19, 2021 / 12:30PM GMT
Release Date Price: $54.11 (-5.68%)
Operator

Good morning, and welcome to the Webster Financial Corporation and Sterling Bancorp Merger and First Quarter 2021 Earnings Call. Please note, this event is being recorded.

I would now like to introduce Webster's Director of Investor Relations, Krsiten Manginelli, to introduce the call. Ms. Manganelli, please go ahead.

Kristen Manginelli
Webster Bank, National Association - SVP of Marketing

Thank you, [Melissa.] Good morning, and welcome. Earlier this morning, we issued a joint press release to announce a merger of equals of Webster Financial Corporation and Sterling Bancorp. Both companies also separately issued their respective first quarter earnings releases.

On the call today, we will discuss the merger announcement and provide some brief comments regarding each company's first quarter earnings. As noted in our earnings releases, this call will take the place of the earnings calls previously scheduled and those calls have been canceled.

Today's presentation slides have been posted on each company's Investor Relations website.

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