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Webster Financial (Webster Financial) Effective Interest Rate on Debt % : 46.21% (As of Dec. 2023)


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What is Webster Financial Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Webster Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1,449 Mil. Webster Financial's average total debt for the quarter that ended in Dec. 2023 was $3,135 Mil. Therefore, Webster Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 46.21%.


Webster Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for Webster Financial's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Webster Financial Effective Interest Rate on Debt % Chart

Webster Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.46 6.28 5.74 7.02 25.97

Webster Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.66 18.65 33.43 46.21 38.49

Competitive Comparison of Webster Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Webster Financial's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Webster Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Webster Financial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Webster Financial's Effective Interest Rate on Debt % falls into.



Webster Financial Effective Interest Rate on Debt % Calculation

Webster Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -1290.991/( (6533.68+3408.838)/ 2 )
=-1  *  -1290.991/4971.259
=25.97 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6533.68 + 0
=6533.68

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3408.838 + 0
=3408.838

Webster Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -1448.504/( (2860.757+3408.838)/ 2 )
=-1  *  -1448.504/3134.7975
=46.21 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2860.757 + 0
=2860.757

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3408.838 + 0
=3408.838

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Webster Financial  (NYSE:WBS) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Webster Financial Effective Interest Rate on Debt % Related Terms

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Webster Financial (Webster Financial) Business Description

Industry
Traded in Other Exchanges
Address
200 Elm Street, Stamford, CT, USA, 06902
Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania. The company's segment includes Commercial Banking, HSA Bank, and Consumer Banking. It generates maximum revenue from the Commercial Banking segment.
Executives
Jack L Kopnisky director, officer: Exec. Chair. Company & Bank C/O STERLING NATIONAL BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Kristy Berner officer: EVP, GC & Corp Sec C/O PEOPLE'S UNITED BANK, N.A., 850 MAIN STREET, BRIDGEPORT CT 06604
Luis Massiani officer: Chief Operating Officer C/O PROVIDENT BANK, 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Katherine Vines Trumbull officer: Acting General Counsel 200 ELM STREET, STAMFORD CT 06902
Javier L. Evans officer: Chief Human Resources Officer 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Maureen Mitchell director 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Carol Hayles director C/O CIT GROUP, 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Linda H. Ianieri director C/O WEBSTER FINANCIAL CORP., 145 BANK STREET, WATERBURY CT 06702
Thomas X Geisel officer: President of Comm. Banking 400 RELLA BOULEVARD, MONTEBELLO NY 10901
Christopher J Motl officer: EVP-Commercial Banking C/O WEBSTER FINANCIAL CORP, 145 BANK STREET, WATERBURY CT 06702
William L Atwell director 1601 CHESTNUT ST, PHILADELPHIA PA 19192
Daniel Bley officer: EVP-Chief Risk Officer C/O WEBSTER FINANCIAL CORP, 145 BANK STREET, WATERBURY CT 06702
Karen Higgins-carter officer: Chief Information Officer C/O WEBSTER FINANCIAL CORP, 145 BANK STREET, WATERBURY CT 06702
Jonathan W. Roberts officer: EVP - Ret. Bank. & Cons. Lend. C/O WEBSTER FINANCIAL CORP., 145 BANK STREET, WATERBURY CT 06702
James P Blose officer: General Counsel & Corp. Sec. C/O 21 SCARSDALE ROAD, YONKERS NY 10707